Thirteen Lithuanian companies crossed the symbolic threshold of 100 million euros in profit last year, while another 12 posted profits between 50 million and 100 million euros, with most reporting higher earnings than in 2023, Verslo Žinios reported on Thursday.

Thermo Fisher Scientific Baltics, a developer and manufacturer of products for life sciences research and diagnostics, remained the top performer. The Vilnius-based biotechnology company posted a net profit of 451 million euros in 2024, with sales revenue of 790 million euros, down 4 percent from 2023.

Swedbank and SEB earned 342.2 million euros and 322.8 million euros, respectively. Revolut Bank reported 100.5 million euros, while Artea posted 79.3 million euros.

Ignitis Group’s profit came in at 223.3 million euros, down 14 percent year-on-year, and its subsidiary Ignitis Gamyba reported 155.7 million euros after tax.

Vilniaus Prekyba booked 209.5 million euros in net profit, Maxima LT 123.9 million euros, and Maxima Group 103.6 million euros.

Willgrow, the parent company of Girteka Group, reported a profit of 172.6 million euros. Pinetree Capital earned 123 million euros, Tele2 113.1 million euros, and Viciunai Group 100.6 million euros.

Source: BNS

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