Fertiliser producer Lifosa and second-hand online marketplace Vinted recorded the strongest revenue growth among Lithuanian companies last year, according to an analysis of 2025 financial statements published Thursday by the Centre of Registers.
The state registry said the most profitable companies were Vilniaus Prekyba, the retail and investment group controlled by businessman Nerijus Numa that runs the Maxima supermarket chain; Tesonet Global, the holding company of the Tesonet technology group; and scientific equipment manufacturer Thermo Fisher Scientific Baltics.
The analysis covers more than 136,000 legal entities that had submitted their 2025 financial statements by July 7.
Combined revenue of the companies reached 152.2 billion euros in 2025, up 7% from 142.7 billion euros a year earlier. Total pre-tax profit rose 13.6% to 15 billion euros, while combined losses fell 65.6% to 2.1 billion euros from 6.1 billion euros in 2024.
Nearly half of all reporting companies increased revenue and remained profitable during the year.
“Last year brought significant challenges for some sectors,” Centre of Registers data analyst Paulius Rudzkis said in a statement. “Industries dependent on the geopolitical situation and global commodity markets experienced a slowdown, while the catering and garment manufacturing sectors continued to face difficulties. Individual companies in the transport, construction and energy sectors also reported weaker results.”
Rudzkis said the list of the most profitable companies was dominated by well-known businesses, including Vilniaus Prekyba, Tesonet Global and Thermo Fisher Scientific Baltics. Among the largest loss-making companies were energy firms Enefit and Ignitis Renewables.
The biggest declines in revenue were reported by oil importer and refinery Orlen Lietuva and Thermo Fisher Scientific Baltics. Turnover also fell at several companies in the construction, road-building and transport sectors.
According to the Centre of Registers, nearly one-third of the companies analysed reported lower revenue than a year earlier, while about one-fifth said their revenue was unchanged or that they generated no revenue.
Some 47% of reporting companies posted a pre-tax profit, while 24% recorded losses. Nearly one-third reported neither a profit nor a loss. In 2024, 55% of reporting companies were profitable.
Employment levels remained unchanged at 69% of companies, while 17% increased headcount and 14% reduced their workforce.
The Centre of Registers noted that the rankings remain preliminary because some companies have yet to submit their 2025 financial statements.
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