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.

        2024/25 GOOD CORPORATE GOVERNANCE INDEX

  VIA_2025

SK – Transparency Dimension
SV – Strategic Management Dimension
TV – Sustainability Dimension
AV – Shareholder Actions Dimension
GI – Good Governance Indicator

Financial results

P/L Statment

2022 2023 2024 2025
Revenue 13,123 17,353 22,248 25,178
Cost of goods sold 0
Gross profit (loss) 13,123 17,353 22,248 25,178
Gross profit margin 100% 100% 100% 100%
Operating expenses 13,003 16,485 20,981 23,667
Operating profit (loss) 120 868 1,267 1,512
Operating profit margin 1% 5% 6% 6%
EBITDA 2,236 3,811 4,815 5,472
EBITDA margin 17% 22% 22% 22%
Net profit (loss) 468 1,556 2,018 1,879
Net profit margin 4% 9% 9% 7%
2022-06 2023-06 2024-06 2025-06
Revenue 7,887 8,178 10,114 12,068
Cost of goods sold 5,828 0
Gross profit (loss) 2,060 8,178 10,114 12,068
Gross profit margin 26% 100% 100% 100%
Operating expenses 0 7,558 9,610 11,329
Operating profit (loss) 2,060 620 504 740
Operating profit margin 26% 8% 5% 6%
EBITDA -673 2,300 1,745 2,366
EBITDA margin -9% 28% 17% 20%
Net profit (loss) 143 1,078 383 925
Net profit margin 2% 13% 4% 8%

* Left axis

** Right axis

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

Balance sheet

2022 2023 2024 2025
Non-current assets 25,505 28,372 23,796 22,199
Intangible assets 2,345 2,251 1,586 2,147
Tangible assets 9,268 12,722 6,803 4,260
Financial assets 13,722 13,240 12,707 12,132
Other non-current assets 25,505 28,372 23,796 22,199
Current assets 58,725 92,962 108,255 73,559
Inventories and prepaid expenses 42 63 31 13
Accounts receivable in one year 45,852 74,502 92,342 53,273
Other current assets 0 0 4,830 5,950
Cash and cash equivalents 12,831 18,397 11,052 14,323
Total assets 84,402 121,551 132,420 96,264
Equity 13,145 14,705 16,723 18,602
Grants and subsidies 1,398 1,786 954 653
Liabilities 69,597 104,762 114,533 76,827
Financial liabilities 45 1,588 6,569 3,662
Long-term liabilities 17,257 15,568 15,005 14,875
Short-term liabilities 52,340 89,195 99,528 61,952
Equity and liabilities 84,402 121,551 132,420 96,263
2022-06 2023-06 2024-06 2025-06
Non-current assets 3,406,520 23,802 30,031 22,684
Intangible assets 2,860 4,312 1,838 1,486
Tangible assets 3,403,660 10,157 12,142 4,854
Financial assets 9,333 12,982 12,421
Other non-current assets 0 3,068 3,923
Current assets 67,937 86,320 127,448 112,652
Inventories and prepaid expenses 492 3,902 72 48
Accounts receivable in one year 58,078 59,976 82,991 87,889
Other current assets 9,367 0 0 0
Cash and cash equivalents 22,441 44,385 18,614
Total assets 3,475,407 110,804 158,886 135,815
Equity 2,673,478 16,904 15,088 17,648
Grants and subsidies 720,661 3,589 1,415 799
Liabilities 79,481 84,231 135,055 117,157
Financial liabilities 0 511 6,837 11,994
Long-term liabilities 9,719 9,333 20,590 16,006
Short-term liabilities 69,762 74,898 114,465 101,151
Equity and liabilities 3,475,407 110,804 158,886 135,815

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

Financial ratios

2022 2023 2024 2025
Capital return ratios
Return on assets (ROA) 0% 2% 2% 2%
Return on equity (ROE) 0% 11% 13% 11%
Return on capital employed (ROCE) 0% 3% 4% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.01 0.05 0.04
Current Ratio 1.12 1.04 1.09 1.19
Quick ratio 1.12 1.04 1.09 1.19
Turnover ratios
Asset turnover 0.16 0.14 0.17 0.26
Fixed asset turnover 0.51 0.61 0.93 1.13
Equity turnover 1.00 1.18 1.33 1.35
Profitability ratios
EBITDA margin 17% 22% 22% 22%
Operating profit margin 1% 5% 6% 6%
Net profit margin 2% 9% 9% 7%
Other ratios
Dividends to the State 0.00 0.00 0.00 1,000.00
Dividends paid / net profit 0.00 0.00 0.00 0.53

* Left axis

** Right axis

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

2022-06 2023-06 2024-06 2025-06
Capital return ratios
Return on assets (ROA) -0% 0% 1% 2%
Return on equity (ROE) -0% 0% 5% 16%
Return on capital employed (ROCE) 0% 2% 1% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.04 0.09
Current Ratio 0.97 1.15 1.11 1.11
Quick ratio 0.97 1.10 1.11 1.11
Turnover ratios
Asset turnover 0.00 0.07 0.06 0.09
Fixed asset turnover 0.00 0.34 0.34 0.53
Equity turnover 0.00 0.48 0.67 0.68
Profitability ratios
EBITDA margin -9% 28% 17% 20%
Operating profit margin 26% 8% 5% 6%
Net profit margin 2% 13% 4% 8%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2024 m. 6 mėn. tarpinės ataskaitos 2024 m. metinės ataskaitos
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/
Return to the State

1.0 EUR milion

ROE

1.6%

Number of employees

325

Financial data provided as at end-December 2024

Management

  • Martynas GedaminskasChief Executive officer

Term of office expires: 2030/08/08

The information is relevant

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Rūta Butautaitė-PivoriūnienėIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Liudas LiutkevičiusIndependent member
  • Agnė Amelija MikalonėMinistry of Transport and Communications
  • Tadas JagminasIndependent member

Term of office expires: 2028/09/01

The information is relevant

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