In 2024, UAB Valstybės Investicinis Kapitalas achieved a profit of approximately EUR 8.1 million. The key factor behind the company’s strong profitability was an increase in the value of long-term financial assets during the reporting period. Part of the profit will be used to offset losses from the previous year of operation, and the rest will be allocated to reserves and dividend payments. The company plans to pay over EUR 34,000 to the state budget in the form of dividends. This decision was taken by the shareholder – the Ministry of Finance of the Republic of Lithuania.
By participating in the management of UAB Valstybės Investicinis Kapitalas, the Ministry of Finance not only ensures that dividends or profit share contributions are paid into the national budget – it also creates conditions for the growth of the company’s value and the execution of strategic projects. It should be noted that UAB Valstybės Investicinis Kapitalas holds 49% of the authorised capital of EPSO-G Invest. The latter is partnering with German defence industry giant Rheinmetall AG to implement a EUR 260-300 million investment project in an ammunition plant, i.e. in the production of 155-mm shells.
As per the shareholder’s letter of expectations, the company’s goal is to operate at break-even, with a positive return on equity (ROE) once the investment cycle ends and all investments are recovered. The shareholder expects the company’s cash flow to be positive by the end of the investment cycle.
It should be noted that for the first time since its establishment in 2020, the company no longer has any undistributed losses from previous periods and has begun building a capital reserve from retained earnings. The profit directed to the company’s reserve will increase the company’s capitalisation and enable the successful issuance of non-equity securities, as well as future investment in the country’s strategic projects.