Via Lietuva

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.

2022/23 GOOD CORPORATE GOVERNANCE INDEX

2021/22 GOOD CORPORATE GOVERNANCE INDEX

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

Financial results

	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%

	2020-06	2021-06	2022-06	2023-06
Revenue		6,686	7,887	8,178
Cost of goods sold		4,979	5,828	7,769
Gross profit (loss)	0	1,707	2,060	409
Gross profit margin	%	26%	26%	5%
Operating expenses	0	0	0	0
Operating profit (loss)	0	1,707	2,060	409
Operating profit margin	%	26%	26%	5%
EBITDA	0	3,955	-673	2,300
EBITDA margin	%	59%	-9%	28%
Net profit (loss)	0	2,909	73	866
Net profit margin	%	44%	1%	11%

* Left axis

** Right axis

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

Balance sheet

Annual
Semi-annual

	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

	2020-06	2021-06	2022-06	2023-06
Non-current assets	0	3,312,419	3,406,520	23,802
Intangible assets		3,450	2,860	4,312
Tangible assets		3,308,969	3,403,660	10,157
Financial assets				9,333
Other non-current assets				0
Current assets	0	94,031	67,937	86,320
Inventories and prepaid expenses		2,117	492	3,902
Accounts receivable in one year		86,497	58,078	59,976
Other current assets			9,367	0
Cash and cash equivalents		5,417		22,441
Total assets	0	3,407,283	3,475,407	110,804
Equity	0	2,649,802	2,673,478	16,904
Grants and subsidies		654,562	720,661	3,589
Liabilities	0	102,918	79,481	84,231
Financial liabilities	0	0	0	511
Long-term liabilities	0	10,213	9,719	9,333
Short-term liabilities	0	92,705	69,762	74,898
Equity and liabilities	0	3,407,283	3,475,407	110,804

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

Financial ratios

Annual
Semi-annual

	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
Capital return ratios
Return on assets (ROA)	0%	-0%	0%
Return on equity (ROE)	0%	-0%	0%
Return on capital employed (ROCE)	0%	0%	2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)	0.00	0.00	0.00
Current Ratio	1.01	0.97	1.15
Quick ratio	0.99	0.97	1.10
Turnover ratios
Asset turnover	0.00	0.00	0.07
Fixed asset turnover	0.00	0.00	0.34
Equity turnover	0.00	0.00	0.48
Profitability ratios
EBITDA margin	59%	-9%	28%
Operating profit margin	26%	26%	5%
Net profit margin	44%	1%	11%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2023 m. 6 mėn. tarpinės 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%

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: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

Vaidotas BalynasIndependent member; UAB Gelex; UAB Plungės vandenys, UAB Elektrėnų komunalinis ūkis

MEMBERS OF THE BOARD OF DIRECTORS

Agnė Amelija MikalonėMinistry of Transport and Communications; AB Lietuvos geležinkeliai

Rūta Butautaitė-PivoriūnienėIndependent member; UAB Nasdaq Vilnius Services

Tadas JagminasIndependent member; Investuok Lietuvoje Director of Project Management Department