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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The joint-stock company „Via Lietuva” was transformed from a state enterprise on 2 January, 2023. After the transformation, the company remains on the list of companies of national security importance, managing roads of national importance on a trust basis. The mission of the Road Directorate is to create and ensure for the public safe, comfortable, environmentally friendly and intelligent transport on Lithuanian roads.

        2023/24 GOOD CORPORATE GOVERNANCE INDEX

                       

        2022/23 GOOD CORPORATE GOVERNANCE INDEX       

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 3,975 10,699 13,123 17,353
Cost of goods sold 3,776 10,301 0 0
Gross profit (loss) 199 398 13,123 17,353
Gross profit margin 5% 4% 100% 100%
Operating expenses 13,003 16,484
Operating profit (loss) 199 398 120 869
Operating profit margin 5% 4% 1% 5%
EBITDA 560 1,702 2,236 3,559
EBITDA margin 14% 16% 17% 21%
Net profit (loss) 940 2,340 328 1,556
Net profit margin 24% 22% 2% 9%
2021-06 2022-06 2023-06 2024-06
Revenue 6,686 7,887 8,178 10,114
Cost of goods sold 4,979 5,828 0 0
Gross profit (loss) 1,707 2,060 8,178 10,114
Gross profit margin 26% 26% 100% 100%
Operating expenses 0 7,558 9,610
Operating profit (loss) 1,707 2,060 620 504
Operating profit margin 26% 26% 8% 5%
EBITDA 3,955 -673 2,300 1,774
EBITDA margin 59% -9% 28% 18%
Net profit (loss) 2,909 73 1,078 383
Net profit margin 44% 1% 13% 4%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2020 2021 2022 2023
Non-current assets 3,230,581 3,425,988 25,505 28,372
Intangible assets 3,142 3,476 2,345 2,251
Tangible assets 3,227,439 3,422,512 9,268 12,721
Financial assets 0 13,722 13,240
Other non-current assets 0 171 160
Current assets 47,480 51,086 58,725 92,962
Inventories and prepaid expenses 1,892 395 42 63
Accounts receivable in one year 38,427 30,604 45,852 74,502
Other current assets 0 0 0
Cash and cash equivalents 7,161 20,087 12,831 18,397
Total assets 3,278,740 3,477,902 84,402 121,551
Equity 2,693,140 2,606,740 13,145 14,705
Grants and subsidies 528,524 808,059 1,398 1,786
Liabilities 57,075 63,103 69,597 104,762
Financial liabilities 458 485 45 1,588
Long-term liabilities 10,451 9,928 17,257 15,568
Short-term liabilities 46,624 53,175 52,340 89,194
Equity and liabilities 3,278,740 3,477,902 84,402 121,551
2021-06 2022-06 2023-06 2024-06
Non-current assets 3,312,419 3,406,520 23,802 30,031
Intangible assets 3,450 2,860 4,312 1,838
Tangible assets 3,308,969 3,403,660 10,157 12,142
Financial assets 9,333 12,982
Other non-current assets 0 3,068
Current assets 833 950 682 1,407
Inventories and prepaid expenses 2,117 492 3,902 72
Accounts receivable in one year 86,497 58,078 59,976 82,991
Other current assets 9,367 0 0
Cash and cash equivalents 5,417 22,441 44,385
Total assets 3,407,283 3,475,407 110,804 158,886
Equity 2,649,802 2,673,478 16,904 15,088
Grants and subsidies 654,562 720,661 3,589 1,415
Liabilities 102,918 79,481 84,231 135,055
Financial liabilities 0 0 511 6,837
Long-term liabilities 10,213 9,719 9,333 20,590
Short-term liabilities 92,705 69,762 74,898 114,465
Equity and liabilities 3,407,283 3,475,407 110,804 158,886

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 0% 0% 0% 2%
Return on equity (ROE) 0% 0% 0% 11%
Return on capital employed (ROCE) 0% 0% 0% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.01
Current Ratio 1.02 0.96 1.12 1.04
Quick ratio 0.98 0.95 1.12 1.04
Turnover ratios
Asset turnover 0.00 0.00 0.16 0.14
Fixed asset turnover 0.00 0.00 0.51 0.61
Equity turnover 0.00 0.00 1.00 1.18
Profitability ratios
EBITDA margin 14% 16% 17% 21%
Operating profit margin 5% 4% 1% 5%
Net profit margin 24% 22% 2% 9%
Other ratios
Dividends to the State 1,154.00 2,104.00 0.00 0.00
Dividends paid / net profit 1.23 0.90 0.00 0.00

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2021-06 2022-06 2023-06 2024-06
Capital return ratios
Return on assets (ROA) 0% -0% 0% 1%
Return on equity (ROE) 0% -0% 0% 5%
Return on capital employed (ROCE) 0% 0% 2% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.04
Current Ratio 1.01 0.97 1.15 1.11
Quick ratio 0.99 0.97 1.10 1.11
Turnover ratios
Asset turnover 0.00 0.00 0.07 0.06
Fixed asset turnover 0.00 0.00 0.34 0.34
Equity turnover 0.00 0.00 0.48 0.67
Profitability ratios
EBITDA margin 59% -9% 28% 18%
Operating profit margin 26% 26% 8% 5%
Net profit margin 44% 1% 13% 4%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2023 m. 6 mėn. tarpinės ataskaitos 2023 m. metinės ataskaitos
2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB „Via Lietuva“
  • Legal formPublic limited liability company (AB)
  • Company code188710638
  • SectorOther
  • Line of businessRestoration, maintenance and development of state roads
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
  • Contacts https://vialietuva.lt/
ROE

11.2%

Number of employees

298

Financial data provided as at end-December 2023

Management

  • Marius ŠvaikauskasChief Executive Officer

Information as of: 2024/12/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Rūta Butautaitė-PivoriūnienėIndependent member; UAB Nasdaq Vilnius Services

MEMBERS OF THE BOARD OF DIRECTORS

  • Liudas LiutkevičiusIndependent member; UAB REFI Energy; UAB INVL Asset Management; UAB „EPSO-G“
  • Agnė Amelija MikalonėMinistry of Transport and Communications; AB Lietuvos geležinkeliai
  • Tadas JagminasIndependent member; Investuok Lietuvoje Director of Project Management Department

Information as of: 2024/12/02

VMU
ltg
RC
LP
TB
IGN
KN
IAE
EPSO