“Last year was not short of challenges for some sectors – sectors dependent on the geopolitical situation and global raw material market turbulences recorded a certain decline, catering and clothing manufacturing sectors continued to face difficulties, and individual companies in the transport, construction, or energy sectors recorded poorer results. Nevertheless, the overall result of all companies operating in the country last year was not bad,” says Paulius Rudzkis, data analyst at the Centre of Registers.
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An analysis conducted by the Centre of Registers showed that almost 50 percent of companies that submitted financial reports for 2025 increased their revenues. Almost a third of companies recorded lower turnover compared to 2024. Approximately another fifth of companies stated in their reports that they had received no revenue or that it was identical to the turnover of previous years.
According to preliminary data, the total turnover of all companies that have submitted their financial reports so far reached EUR 152.2 billion in 2025, which was approximately 7 percent higher than the turnover of the same companies in 2024 (EUR 142.7 billion).
“The largest jump in turnover over the year was demonstrated by Kėdainiai fertilizer producer “Lifosa”, which returned to full operational pace last year, as well as the rapidly expanding Lithuanian “unicorn” “Vinted”. Major retail chains also recorded significant revenue growth. This time, the largest decrease in revenue was recorded in “Orlen Lietuva”, a company heavily dependent on global raw material markets, as well as in “Thermo Fisher Scientific Baltics”, a company dependent on changes in international markets. Turnover also noticeably decreased over the year in some construction, road construction, and transport sector companies,” comments P. Rudzkis.
Some companies have not yet submitted their financial reports for 2025, so the lists of the most profitable or highest-turnover companies may still be adjusted.
Every second company – profitable
Last year was successful for a significant number of companies – almost half (47 percent) of all companies that submitted financial reports recorded pre-tax profit. Less than a quarter of all companies (24 percent) operated at a loss, and almost every third company declared neither profit nor loss. In previous years, the share of profitable companies was 55 percent, and 23 percent of companies incurred losses.
Profitable companies collectively earned EUR 15 billion in pre-tax profit last year. In comparison, the total profit in previous years was EUR 13.2 billion. Meanwhile, the total pre-tax losses of companies that submitted reports in 2025 amounted to EUR 2.1 billion, whereas two years ago they were EUR 6.1 billion.
“At the top of the list of the most profitable companies, one can see well-known company names – “Vilniaus prekyba”, “Tesonet Global”, “Thermo Fisher Scientific Baltics” and others. Among the companies that recorded the largest losses this time are energy sector representatives “Enefit” and “Ignitis renewables”,” comments Paulius Rudzkis, data analyst at the Centre of Registers.
Evaluating the companies that submitted financial reports for 2025, it is evident that the number of employees in the vast majority of them (69 percent) did not change over the year. The number of employees grew in 17 percent of companies last year, and decreased in 14 percent of companies.
Currently, over 136 thousand legal entities have already submitted their financial reports for 2025 to the Centre of Registers. The analysis utilized companies (private limited liability companies, public limited liability companies, small partnerships, cooperative companies, and agricultural companies) that submitted their financial reports by July 7 of this year.
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