{"id":31807,"date":"2025-06-27T10:23:51","date_gmt":"2025-06-27T12:23:51","guid":{"rendered":"https:\/\/governance.lt\/naujienos\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\/"},"modified":"2025-07-01T05:01:06","modified_gmt":"2025-07-01T07:01:06","slug":"savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus","status":"publish","type":"post","link":"https:\/\/governance.lt\/en\/naujienos\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\/","title":{"rendered":"Financial return to the state from municipally owned enterprises is the highest in the past seven years"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Dividends and profit contributions from municipally owned enterprises (MOEs) for 2024 amounted to \u20ac18.4 million \u2013 a full \u20ac8.4 million more than in 2023. This represents the highest financial return to the state in the past seven years. For the third consecutive year, MOEs also recorded a positive net profit. Meanwhile, the overall growth in sales revenue among MOEs slightly outpaced the increase in total expenses, allowing the entire sector to generate an operating profit of \u20ac62 million in 2024 \u2013 10% higher than in 2023.<\/strong><\/p>\n<p style=\"text-align: justify;\">A total of 35 MOEs paid dividends and profit contributions for 2024. Notably, 60% of the total financial return to the state came from the dividends and profit contributions of Vilniaus \u0160ilumos Tinklai (Vilnius Heating Network), amounting to \u20ac11 million.<\/p>\n<p style=\"text-align: justify;\">As noted by Jurgita Bagdonien\u0117, acting head of the Governance Coordination Centre (VKC), MOEs in recent years have demonstrated great flexibility and the ability to make professional decisions even amidst geopolitical and economic challenges.<\/p>\n<p style=\"text-align: justify;\">&#8220;Attention should be paid not only to the increased financial return to the state or the fact that net profit has remained positive for the third year in a row, but also to the growing value of managed assets: in the reporting year, \u20ac300 million in investments in water management and heating sector infrastructure boosted asset value to \u20ac3.6 billion. The profitability of MOEs also contributed to steady growth in equity \u2013 in the reporting year alone, owners&#8217; equity increased by 7.4%. It&#8217;s also worth noting that MOEs tend to choose conservative financing sources \u2013 companies prefer using their own funds: for instance, about 60% of investments in 2024 were financed from internal resources, without resorting to borrowing,&#8221; says Bagdonien\u0117.<\/p>\n<p style=\"text-align: justify;\">She also adds that strategic indicators show municipalities are decisively moving along the path of good governance \u2013 responsibly implementing advanced practices, operating sustainably, and investing in the future. All of this creates value not only for the companies themselves but also contributes to public well-being and strengthens trust in the public sector.<\/p>\n<p style=\"text-align: justify;\">The overall net profit of MOEs decreased by 38% in 2024, which, according to Bagdonien\u0117, is mainly due to declining profits in the heating, water management, and public transport sectors.<\/p>\n<p style=\"text-align: justify;\">The heating sector\u2019s net profit fell due to lower heating prices; the water management sector\u2019s decline was driven by increased labor, depreciation, and amortization costs; while the public transport sector also saw reduced net profit due to a growing wage bill.<\/p>\n<p style=\"text-align: justify;\">As of the end of 2024, a total of 220 MOEs were operating across 59 municipalities in the country, employing just over 21,000 people.<\/p>\n<p style=\"text-align: justify;\">The highest number of MOEs \u2013 12 \u2013 operated in Kaunas City Municipality, and 11 in Vilnius City Municipality. The main sectors were: water management (22% of all MOEs), heating networks (19%), and public transport (17%).<\/p>\n<p style=\"text-align: justify;\">46 MOEs have functioning collegial governance bodies, with 60% of their members being independent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dividends and profit contributions from municipally owned enterprises (MOEs) for 2024 amounted to \u20ac18.4 million \u2013 a full \u20ac8.4 million more than in 2023. This represents the highest financial return to the state in the past seven years. For the third consecutive year, MOEs also recorded a positive net profit. Meanwhile, the overall growth in [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":31800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-31807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial return to the state from municipally owned enterprises is the highest in the past seven years - VKC | Valdymo koordinavimo centras<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/governance.lt\/en\/naujienos\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial return to the state from municipally owned enterprises is the highest in the past seven years - VKC | Valdymo koordinavimo centras\" \/>\n<meta property=\"og:description\" content=\"Dividends and profit contributions from municipally owned enterprises (MOEs) for 2024 amounted to \u20ac18.4 million \u2013 a full \u20ac8.4 million more than in 2023. This represents the highest financial return to the state in the past seven years. For the third consecutive year, MOEs also recorded a positive net profit. Meanwhile, the overall growth in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/governance.lt\/en\/naujienos\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\/\" \/>\n<meta property=\"og:site_name\" content=\"VKC | Valdymo koordinavimo centras\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-27T12:23:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-01T07:01:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/governance.lt\/wp-content\/uploads\/2025\/06\/Asoc.-nuotr-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ieva Mork\u016bn\u0117\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ieva Mork\u016bn\u0117\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\\\/\"},\"author\":{\"name\":\"Ieva Mork\u016bn\u0117\",\"@id\":\"https:\\\/\\\/governance.lt\\\/#\\\/schema\\\/person\\\/a2069e5203120b29c741deff8b97d9bc\"},\"headline\":\"Financial return to the state from municipally owned enterprises is the highest in the past seven years\",\"datePublished\":\"2025-06-27T12:23:51+00:00\",\"dateModified\":\"2025-07-01T07:01:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\\\/\"},\"wordCount\":461,\"image\":{\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/governance.lt\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Asoc.-nuotr-scaled.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\\\/\",\"url\":\"https:\\\/\\\/governance.lt\\\/en\\\/naujienos\\\/savivaldybiu-valdomu-imoniu-finansine-graza-valstybei-didziausia-per-pastaruosius-septynerius-metus\\\/\",\"name\":\"Financial return to the state from municipally owned enterprises is the highest in the past seven years - 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