The position of companies in the list is determined by sales revenue in 2025. Data on previous years’ revenues, their changes, number of employees, and position are also provided. The main list includes companies that have already published their 2025 performance indicators. This announcement uses the list version as of July 27, 2026.
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Out of 497 comparable companies, 363 saw revenue growth, 133 decreased, and one remained unchanged. The median revenue change was 8.4%. Comparable 2024 data for three companies on the list is not available. The threshold to enter the TOP 500 this year was 41 million EUR in annual revenue. The current list includes 81 companies that were ranked below 500 or had no comparable position in the previous ranking.
ORLEN Lietuva remains first, Vinted rose nine positions
ORLEN Lietuva, AB continues to hold the first place, although the company’s turnover decreased by 8.5% to 5.4 billion EUR. The company’s annual report associates the revenue decline with falling global oil and oil product prices. MAXIMA LT, UAB remained in second place, with turnover reaching 2.3 billion EUR, growing by 5.4%. IKI Lietuva, UAB rose from fourth to third place. Its turnover increased by 7.6% and exceeded 1 billion EUR for the first time.
Vinted, UAB rose from 13th to 4th place. The company’s turnover grew by 35.0% to 999 million EUR. Vinted Go, UAB’s turnover increased by 102.1% to 284 million EUR, and the company rose from 124th to 50th place.
Ignitis, UAB dropped from third to eighth place, with the company’s turnover decreasing by 6.9%. In total, three companies exceeded 1 billion EUR in turnover in 2025: ORLEN Lietuva, MAXIMA LT, and IKI Lietuva. The top ten companies accounted for 20.7% of the total TOP 500 turnover.
Position | Position last year | Company | Turnover 2025, mln. EUR | Change |
1 | 1 | ORLEN Lietuva, AB | 5 373 | -8.5% |
2 | 2 | MAXIMA LT, UAB | 2 329 | +5.4% |
3 | 4 | IKI Lietuva, UAB | 1 005 | +7.6% |
4 | 13 | Vinted, UAB | 999 | +35.0% |
5 | 8 | NORFOS MAŽMENA, UAB | 954 | +10.1% |
6 | 7 | SANITEX, UAB | 935 | +6.3% |
7 | 5 | Viada LT, UAB | 901 | -2.5% |
8 | 3 | Ignitis, UAB | 901 | -6.9% |
9 | 11 | RIVONA, UAB | 821 | +9.0% |
10 | 14 | Kesko Senukai Lithuania, UAB | 777 | +5.2% |
Turnover in the table is rounded to millions of euros, so identical values may differ according to exact financial statement data.
Food and car trade companies’ revenues grew
The combined turnover of twelve food retail companies on the list increased by 8.9% to 5.6 billion EUR. Besides MAXIMA LT and IKI Lietuva, NORFOS MAŽMENA, UAB’s turnover also grew: it increased by 10.1% to 954 million EUR, and the company rose from 8th to 5th place.
The combined turnover of sixteen motor vehicle retail companies grew by 25.5% to 1.9 billion EUR. MOLLER AUTO, UAB’s turnover increased by 80.1%, Tokvila, UAB by 52.9%, SCANIA LIETUVA, UAB by 42.0%, and the largest company in this sector, Veho Lietuva, UAB, saw turnover grow by 20.9% to 382 million EUR. The turnover of pharmaceutical and medical goods wholesale companies grew by 11.4%, and pharmaceutical retail by 11.8%.
Energy trading companies’ revenues decreased, some producers’ increased
The combined turnover of three electricity sales companies decreased by 13.0%. ELEKTRUM LIETUVA, UAB’s turnover fell by 35.0%, and the company dropped from 51st to 83rd place. The combined turnover of nine fuel retail companies shrank by 4.3%.
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The revenues of some electricity producers changed in the opposite direction. Ignitis gamyba, AB’s turnover grew by 31.2% to 453 million EUR. Green Genius, UAB’s turnover increased by 110.4% to 196 million EUR, and the company rose from 203rd to 76th place.
Industrial companies’ results varied
The largest position change among the top twenty companies was recorded by fertilizer manufacturer LIFOSA, AB. Its turnover grew by 169.9% to 606 million EUR, and its position rose from 67th to 14th place. 2025 was the first full calendar year of the company’s operations after production resumed in June 2024.
Thermo Fisher Scientific Baltics, UAB’s turnover decreased by 37.8% to 491 million EUR, and the company dropped from 10th to 20th place. Achema, AB’s turnover shrank by 14.1% to 375 million EUR. The combined turnover of twelve furniture manufacturing companies grew by 5.0%, while that of ten grain, seed, and feed wholesale companies decreased by 5.1%.
Transport activities’ revenues grew, road construction’s decreased
The combined turnover of forty road freight transport companies grew by 7.8% to 3.7 billion EUR. The turnover of fourteen freight forwarding agents and forwarders increased by 4.4% to 1.6 billion EUR, and that of five logistics service companies by 10.3% to 1.3 billion EUR.
Girteka Logistics, UAB rose from 16th to 11th place, with turnover growing by 8.8% to 746 million EUR. Revenues of some large transport companies decreased: Hegelmann transporte, UAB’s turnover shrank by 22.1%, and EVERWEST, UAB’s by 21.0%.
The combined turnover of fifteen comparable new building construction companies grew by 6.7%. Meanwhile, the revenues of all five road and highway construction companies on the list decreased, with their combined turnover falling by 30.4% to 529 million EUR. Fegda, UAB’s turnover decreased by 49.7%, HISK, AB by 33.3%, and Kauno tiltai, AB by 20.8%.
Revenues of Vinted, Hostinger, and Teltonika companies grew
Besides Vinted and Vinted Go, revenues of other technology and electronics companies also grew. HOSTINGER operations, UAB’s turnover increased by 51.7% to 272 million EUR, and the company rose from 89th to 53rd place. TELTONIKA EMS, UAB’s turnover grew by 27.5% to 222 million EUR, and TELTONIKA NETWORKS, UAB by 28.1% to 165 million EUR.
Among legal entities without a comparable previous year’s position, Klaipėda University Hospital, VšĮ ranked highest. With 162 million EUR in revenue, it took 102nd place. At the time of the list compilation, the hospital employed 3,358 workers.
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