Invest in a Company of Strategic Importance

“KN Energies” is a cornerstone of regional energy security, operating liquefied natural gas (LNG) and oil terminals across the Baltic Sea region. Our activities are built on the principles of transparency, sustainability and responsibility, and all relevant information for investors is disclosed in accordance with Nasdaq and VSSA standards.
Financial Data Financial Data Dividends Policy Dividends Policy

Dividend payouts expected to more than double by 2030

“KN Energies” targets distributing at least EUR 5 million in annual dividends starting from 2026, resulting in an estimated ~5% dividend yield.

It is projected that from 2031 to 2050, the company will distribute at least EUR 240 million in dividends.

  • “KN Energies” targets distributing at least EUR 5 million in annual dividends starting from 2026, resulting in an estimated ~5% dividend yield.
  • It is projected that from 2031 to 2050, the company will distribute at least EUR 240 million in dividends.

Key insights at a glance:

Publicly listed onInvestor snapshot of KN Energies

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17,1%

publicly listed on

Nasdaq Vilnius Stock Exchange

72,47%

State ownership share

Represented by the Ministry of Energy of the Republic of Lithuania

10,43%

Private ownership share

Held by Achemos Group UAB

Tomas Tumėnas
Chief Financial Officer
[email protected]
+370 46 391 772

Key data

Business activity: Operation of oil products and liquefied natural gas (LNG) terminals

Company registration date: 27 September 1994

Auditor: PricewaterhouseCoopers, UAB

Date of inclusion in the Secondary List: 16 January 1996

Date of inclusion in the Official List: 4 April 2016

Market: Nasdaq Vilnius

Emission data

ISINLT0000111650
TickerKNE1L
List/SegmentBaltic Main List
Nominal value0,29 EUR
Issue size (units)380 396 585
Number of listed securities380 396 585
Listing start date1996.01.16

Share trading

Significant events

Financial statements

Financial data

Financial results of the group’s and the company’s activity

The key financial ratios of the group (in Eur thounsad, if not indicated otherwise)

* Adj. – adjusted financial indicators/data are recalculated and presented by eliminating from net profit (loss) the following amounts: (1) the impact of unrealised foreign currency exchange rates (forex) arising from IFRS 16 requirements, (2) respective impact of deferred income tax arising from forex and (3) impact of financial derivatives.

The group20252024202320222021
HY1HY1HY1HY1HY1
Transshipment of liquid energy products, thousand t1.8331.8981.9551.9671.612
LNG regasification and reloading, GWh16.28311.06817.39113.1719.511
Investments of non-current assets2.46310.3888922.5213.056
Financial figures
Sales51.08342.61442.39835.97631.629
EBITDA (APM)27.20021.72116.74616.89914.209
EBITDA (for the last twelve months) (APM)54.81640.61334.83428.79837.302
EBIT (APM)14.29010.0545.3455.588832
Net profit (loss)8.5881.4598.100(13.848)(6.764)
Adj. Net profit (loss)8.5886.3463.2843.040-227
Profitability
Return on assets (ROA) (APM)4,2%1,20%2,80%-11,90%2,80%
Adj. Return on assets (ROA) (APM)3,0%1,80%1,60%-7,30%0,60%
Return on equity (ROE) (APM)14,4%4,50%11,50%-42,70%9,00%
Adj. Return on equity (ROE) (APM)9,7%6,30%6,00%-25,90%2,10%
Return on Capital Employed (ROCE) (APM)3,1%3,10%1,80%2,10%0,30%
Adj. Return on Capital Employed (ROCE) (APM)3,1%3,00%1,70%2,00%0,30%
EBITDA margin (APM)53,2%51,00%39,50%47,00%44,90%
EBIT margin (APM)28,0%23,60%12,60%15,50%2,60%
Net profit margin (APM)16,8%3,40%19,10%-38,50%-21,40%
Adj. Net profit margin (APM)16,8%14,90%7,70%8,50%-0,70%
Financial structure
Debt ratio (D/E) (APM)223%265%281%337%210%
Adj. Debt ratio (D/E) (APM)214%243%264%300%222%
Debt ratio (D/E) – excluding IFRS 16 liabilities (APM)207%133%120%117%64%
Adj. Debt ratio (D/E) – excluding IFRS 16 liabilities (APM)199%122%113%104%68%
Debt to EBITDA (APM)1318252630
Debt (excluding IFRS 16) to EBITDA (APM)1291199
Net Debt/EBITDA (APM)1017232226
Net Debt/EBITDA (for the last twelve months) (APM)59111310
Net Debt (excluding IFRS 16) to EBITDA (APM)98955
Net Debt (excluding IFRS 16) to EBITDA (for the last twelve months) (APM)44432
Debt service coverage ratio (DSCR) (APM)1.23448
Debt service coverage ratio (for the last twelve months) (DSCR) (APM)2.35458
Gross liquidity ratio (APM)2.30,431,271,221,28
Market value ratios
Price-Earnings Ratio (P/E)4,913,15,3-1,47,2
Adj. Price-Earnings Ratio (P/E)6,88,69,3-2,332,4
Earnings per share (EPS)0,0230,0040,021-0,036-0,018
Adj. Earnings per share (EPS)0,0230,0170,0090,008-0,001

The key financial ratios of the company (in Eur thousand, if not indicated otherwise)
* Adj. – adjusted financial indicators/data are recalculated and presented by eliminating from net profit (loss) the following amounts: (1) the impact of unrealised foreign currency exchange rates (forex) arising from IFRS 16 requirements, (2) respective impact of deferred income tax arising from forex and (3) impact of financial derivatives.

The company20252024202320222021 
HY1HY1HY1HY1HY1
Transshipment of liquid energy products, thousand t1.8311.8981.9551.9671.612
LNG regasification and reloading, GWh16.28311.06817.39113.1719.511
Investments of non-current assets2.46310.3888922.5213.056
Financial figures
Sales48.90540.76640.94634.45830.090
EBITDA (APM)26.04420.76116.23716.23413.587
EBITDA (for the last twelve months) (APM)52.21838.87033.69927.22935.951
EBIT (APM)13.1909.1444.8874.970246
Net profit (loss)7.7208007.695(14.308)(7.239)
Adj. Net profit (loss)7.7205.6872.8792.581-702
Profitability
Return on assets (ROA) (APM)3,9%1,00%2,70%-12,00%2,60%
Adj. Return on assets (ROA) (APM)2,7%1,60%1,50%-7,50%0,50%
Return on equity (ROE) (APM)13,7%3,80%11,10%-43,50%8,60%
Adj. Return on equity (ROE) (APM)8,9%5,70%5,60%-26,60%1,60%
Return on Capital Employed (ROCE) (APM)2,9%2,90%1,60%1,90%0,10%
Adj. Return on Capital Employed (ROCE) (APM)2,9%2,70%1,60%1,80%0,10%
EBITDA margin (APM)53,3%50,90%39,70%47,10%45,20%
EBIT margin (APM)27,0%22,40%11,90%14,40%0,80%
Net profit margin (APM)15,8%2,00%18,80%-41,50%-24,10%
Adj. Net profit margin (APM)15,8%14,00%7,00%7,50%-2,30%
Financial structure
Debt ratio (D/E) (APM)229%270%285%341%210%
Adj. Debt ratio (D/E) (APM)220%248%268%303%222%
Debt ratio (D/E) – excluding IFRS 16 liabilities (APM)213%135%122%118%64%
Adj. Debt ratio (D/E) – excluding IFRS 16 liabilities (APM)204%124%114%105%68%
Debt to EBITDA (APM)1419252731
Debt (excluding IFRS 16) to EBITDA (APM)13911910
Net Debt/EBITDA (APM)1118242427
Net Debt/EBITDA (for the last twelve months) (APM)510121410
Net Debt (excluding IFRS 16) to EBITDA (APM)109965
Net Debt (excluding IFRS 16) to EBITDA (for the last twelve months) (APM)55432
Debt service coverage ratio (DSCR) (APM)1,13448
Debt service coverage ratio (for the last twelve months) (DSCR) (APM)2,24447
Gross liquidity ratio (APM)2,00,391,181,141,21
Market value ratios
Price-Earnings Ratio (P/E) (APM)14,1107,511-6,97,2
Adj. Price-Earnings Ratio (P/E)14,115,129,338,338,9
Earnings per share (EPS) (APM)0,0200,0020,02-0,038-0,019
Adj. Earnings per share (EPS)0,0200,0150,0080,007-0,002

Explanations of performance measures

MeasureCalculation
Debt ratio (D/E) total current and non-current liabilities at the end of the period / total equity at the end of the period
Debt ratio (D/E) – excluding IFRS 16 liabilities(total current and non-current liabilities at the end of the period – total current and non-current IFRS 16 lease liabilities) / total equity at the end of the period
Debt ratio (D/E) – excluding IFRS 16 liabilities (adjusted)(total current and non-current liabilities at the end of the period – total current and non-current IFRS 16 lease liabilities) / total adjusted equity at the end of the period
Debt ratio (D/E) (ajusted)(total current and non-current liabilities) / total adjusted equity at the end of the period
Debt service coverage ratio (DSCR)EBITDA of the period / (total current loan obligations at the end of the period + interest expenses of the period)
Debt service coverage ratio (for the last twelve months) (DSCR)EBITDA of the last twelve months / (total current loan obligations at the end of the period + interest expenses of the period)
Debt to EBITDAtotal current and non-current liabilities at the end of the period / EBITDA of the period
Debt to EBITDA – excluding IFRS 16(total current and non-current liabilities at the end of the period – current and non-current IFRS lease liabilities) / EBITDA of the period
Earnings per share (EPS)net profit (loss) for the period/ total number of shares at the end of the period 
EBITearnings before taxes – financial activity income + financial activity expenses
EBIT marginEBIT / revenue
EBITDAearnings before taxes – financial activity income + financial activity expenses + depreciation and amortization expenses + impairment expenses and reversals
EBITDA  (for the last twelve months)earnings before taxes – financial activity income + financial activity expenses + depreciation and amortization expenses + impairment expenses and reversals (calculated using result for the last twelve months)
EBITDA marginEBITDA / revenue
Gross liquidity ratio (current ratio)total current assets at the end of the period / total current liabilities at the end of the period.
Net Debt/ EBITDA – excluding IFRS 16(total current and non-current liabilities at the end of the period – cash and cash equivalents – current and non-current IFRS lease liabilities) / EBITDA for the period
Net Debt/EBITDA total current and non-current liabilities at the end of the period – cash and cash equivalents/ EBITDA for the period
Net Debt/EBITDA (for the last twelve months) total current and non-current liabilities at the end of the period – cash and cash equivalents/ EBITDA of the last twelve months
Net Debt/EBITDA (for the last twelve months) – excluding IFRS 16(total current and non-current liabilities at the end of the period – cash and cash equivalents – current and non-current IFRS lease liabilities) / EBITDA of the last twelve months
Net profit margin net profit (loss) for the period / revenue
Net profit margin (adjusted)adjusted net profit (loss) for the period / revenue
Price-Earnings Ratio (P/E)average share price for the period / (net profit (loss) of the last twelve months/ total number of shares at the end of the period)
Return on assets (ROA)net profit (loss) of the last twelve months / (assets at the end of the period + assets at the beginning of the period) / 2
Return on assets (ROA) (adjusted)adjusted net profit (loss) of the last twelve months / (assets at the end of the period + assets at the beginning of the period) / 2
Return on Capital Employed (ROCE)EBIT / (total equity + total long-term loans and deferred government grants at the end of the period)
Return on Capital Employed (ROCE) (adjusted)EBIT / (total adjusted equity + total long-term loans and deferred government grants at the end of the period)
Return on equity (ROE)net profit (loss) of the last twelve months / (equity at the end of the period + equity at the beginning of the period) / 2
Return on equity (ROE) (adjusted)adjusted net profit (loss) of the last twelve months / (adjusted equity at the end of the period + adjusted equity at the beginning of the period) / 2
Financial data in Excel (XLSX) format

Financial results

KN uses alternative performance measures (APM) to provide better understanding of the Group and the Company business operations. Currently, net profit (loss) of the Group and the Company is affected by material non-cash items. Therefore, the adjusted financial indicators are recalculated and presented by eliminating from net profit (loss) the following amounts: (1) the impact of unrealised foreign currency exchange rates (forex) arising from IFRS 16 requirements, (2) respective impact of deferred income tax arising from forex and (3) impact of financial derivatives. 

Financial information

Investor’s calendar

Dividends policy

On 28th July 2021 the Board of SC KN Energies (hereinafter – the Company) has approved the renewed Dividend Policy of Company. Dividend Policy is based on the existing legislation and secondary legislation of the Republic of Lithuania, the Company’s Articles of Association and other Company’s internal documents. 

The main objectives for a dividend policy are:

  • compliance with the applicable laws of the Republic of Lithuania, secondary legislation, the Articles of Association and internal documents of the Company;
  • assurance of the Company’s shareholders interests;
  • commitment to high corporate governance standards;
  • enhance of the Company’s market value;
  • definition of the Company’s procedures relating to transparent publication and payment of dividends. 

The Dividend Policy provides that the Board of the Company shall, in accordance with the Company’s audited financial statements prepared in accordance with IFRS, presents the draft decision of dividends allocation to the Company’s shareholders for approval. The amount of dividends is proposed taking into account the Company’s return on equity for the reporting period.

Following the Lithuanian Government Resolution of 14th January 1997 No. 20 On The Dividends For The State-Owed Shares (Official Gazette, 1997, no. 6-102 with all subsequent amendments and additions) criteria of the article no. 3., Dividend Policy respectively reflets that the amount of dividends for the years 2021-2024 is calculated by eliminating from the Company’s distributable profit unrealised foreign exchange rates impact and other unrealised gains (losses). The Company’s return on equity is calculated based on the data of the set of audited annual financial statements, net profit (loss) of the reporting period by eliminating the impact of unrealised foreign exchange rates and other unrealised gains (losses) divided by the average equity at the beginning and end of this period. Equity at the beginning of the reporting period is adjusted by estimating the impact of unrealised foreign exchange rates and other unrealised gains (losses) accumulated before the reporting period. Equity at the end of the reporting period is adjusted by estimating the impact of unrealised foreign exchange rates and other unrealised gains (losses) of the reporting period and those accumulated before the reporting period.  

KN Energies Dividends Policy

Below is the historical information about paid dividends in periods for the prior financial year: 

  2024 202320222021202020192018
Dividends distributed for the previous year, thousand Eur5.000 0 0 7.538 7.947 11.577 17.031 
Dividends per one share in Eur0,0131 0 0 0,0198 0,0209 0,0304 0,0447 
Net profit per 1 share in Eur 0,02 0 0 0,03 0,02 0,03 0,04 
Dividends for net profit (of previous FY), % 82 % – – 66 % 100 % 100 % 100 % 

Shareholders’ meetings

Pursuant to Article 372 of the Law on Companies of the Republic of Lithuania, we provide information on transactions concluded by AB KN Energies with related parties:

Related parties of the Company and transactions with them for the 6 months period of 2025, in thousand EUR:

Transactions with Lithuanian State controlled enterprises and institutions and other related parties.

Related partyPeriodPurchasesSalesAccounts receivableAccounts payable
AB Klaipeda State Seaport Authority6 months of 20252 622––461
AB Amber Grid6 months of 2025––3 975–
UAB Ignitis6 months of 2025–11 1541 600–
Public Institution Lithuanian Energy Agency6 months of 2025–4 084––
AB Energijos skirstymo operatorius6 months of 2025313––34
AB LG Cargo6 months of 20251 157––101
KN ACU Servicos de Terminal de GNL Ltda6 months of 202526511–
KN Energies Deutschland GmbH6 months of 2025117––56
UAB KN Global Terminals6 months of 2025140––53
Other related parties6 months of 202564–––
Related party transactions, total:6 months of 20254 41515 3035 586705

Related parties of the Company and transactions with them for 2024, in thousand EUR:

Transactions with Lithuanian State controlled enterprises and institutions and other related parties.

Related partyPeriodPurchasesSalesAccounts receivableAccounts payable
AB Klaipeda State Seaport Authority12 months of 20242 622––461
AB Amber Grid12 months of 2024––3 975–
UAB Ignitis12 months of 2024–11 1541 600–
Public Institution Lithuanian Energy Agency12 months of 2024–4 084––
AB Energijos skirstymo operatorius12 months of 2024313––34
AB LG Cargo12 months of 20241 157––101
KN ACU Servicos de Terminal de GNL Ltda12 months of 202426511–
KN Energies Deutschland GmbH12 months of 2024117––56
UAB KN Global Terminals12 months of 2024140––53
Other related parties12 months of 202464–––
Related party transactions, total:12 months of 20244 41515 3035 586705

Related parties of the Company and transactions with them for 2023, in thousand EUR:

Transactions with Lithuanian State controlled enterprises and institutions and other related parties.

Related partyPeriodPurchasesSalesAccounts receivableAccounts payable
AB Klaipeda State Seaport Authority12 months of 20232 544––460
AB Amber Grid12 months of 2023–-7893 975–
UAB Ignitis12 months of 2023–11 039998–
Public Institution Lithuanian Energy Agency12 months of 2023–3 359––
AB Energijos skirstymo operatorius12 months of 2023675––19
AB LG Cargo12 months of 20231 307––79
KN ACU Servicos de Terminal de GNL Ltda12 months of 2023632518–
KN Energies Deutschland GmbH12 months of 2023––––
UAB KN Global Terminals12 months of 2023––––
Other related parties12 months of 2023961–7
Related party transactions, total:12 months of 20234 62813 9354 991565
Guidelines for transactions with Related-Parties

FAQ

KN Energies securities are traded on the Nasdaq Vilnius Stock Exchange. For more information on investing, including where to start and what charges apply, please visit the Bank of Lithuania website (Lithuanian language).

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