Declared Dividend • Apr 27
Dividend increased to €0.14 Dividend of €0.14 is 27% higher than last year. Ex-date: 8th May 2026 Payment date: 21st May 2026 Dividend yield will be 6.2%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: €0.042 (vs €0.039 in 1Q 2025) First quarter 2026 results: EPS: €0.042 (up from €0.039 in 1Q 2025). Revenue: €128.8m (up 7.6% from 1Q 2025). Net income: €24.6m (up 9.0% from 1Q 2025). Profit margin: 19% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Leda Irzikeviciene was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 19
Telia Lietuva, AB, Annual General Meeting, Apr 28, 2026 Telia Lietuva, AB, Annual General Meeting, Apr 28, 2026. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: €0.039 (vs €0.03 in 3Q 2024) Third quarter 2025 results: EPS: €0.039 (up from €0.03 in 3Q 2024). Revenue: €125.3m (up 3.0% from 3Q 2024). Net income: €22.9m (up 31% from 3Q 2024). Profit margin: 18% (up from 14% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 08
Telia Lietuva, AB Announces Executive Changes Telia Lietuva, AB announced that it continues to streamline its operations and changes its management structure. As of 1 November 2025, the Company’s Technology and Digital Transformation as well as Legal and Personnel units will be merged, and will be led by Vygintas Domarkas and Daiva Kasperaviciene. The current organizational structure of Telia Lietuva consisted of ten units with assigned managers. From 1 November 2025, the structure will become simpler – with eight units’ managers and closer cooperation between teams. Andrius Šemeškevicius, the current Head of Technology, will work at Telia Lietuva till the beginning of 2026 and will ensure business continuity. Later he will continue his career outside the Company. The current Head of People and Culture, Ramunas Bagdonas, from 1 November 2025 will become Head of People and Culture of Technology unit at Telia Company Group. He will also continue to lead the personnel team at Telia Global Services Lithuania, a subsidiary of Telia Company in Lithuania. The new Technology and Digital Transformation Unit will be temporarily led by the current Head of Digital Transformation, Vygintas Domarkas, until an internal leadership selection process is underway. The combined Legal and People and Culture teams will be led by Daiva Kasperaviciene, the current Head of Legal and Corporate Affairs. Reported Earnings • Jul 19
Second quarter 2025 earnings released: EPS: €0.038 (vs €0.031 in 2Q 2024) Second quarter 2025 results: EPS: €0.038 (up from €0.031 in 2Q 2024). Revenue: €121.9m (up 2.0% from 2Q 2024). Net income: €22.1m (up 21% from 2Q 2024). Profit margin: 18% (up from 15% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 30
Dividend increased to €0.11 Dividend of €0.11 is 22% higher than last year. Ex-date: 12th May 2025 Payment date: 1st January 1970 Dividend yield will be 6.5%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: €0.039 (vs €0.031 in 1Q 2024) First quarter 2025 results: EPS: €0.039 (up from €0.031 in 1Q 2024). Revenue: €119.8m (flat on 1Q 2024). Net income: €22.6m (up 24% from 1Q 2024). Profit margin: 19% (up from 15% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 31
Full year 2024 earnings released: EPS: €0.12 (vs €0.11 in FY 2023) Full year 2024 results: EPS: €0.12 (up from €0.11 in FY 2023). Revenue: €491.1m (up 3.1% from FY 2023). Net income: €71.6m (up 13% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Dec 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Leda Irzikeviciene was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 04
Telia Lietuva, AB Announces Committee Changes On 4 October 2024, the Board of Telia Lietuva, AB elected Board member, Hannu-Matti Mäkinen, as a new member and Chair of the Audit Committee. Previous Chair of the Company’s Audit Committee, Agneta Wallmark, has resigned from the Board and the Audit Committee as of 20 September 2024. Agneta’s resignation is aligned with her forthcoming retirement and departure from Telia Company AB. As representative of Telia Company AB that owns 88.15% of Telia Lietuva’s shares and votes, Hannu-Matti Mäkinen is member of the Board of Telia Lietuva from April 2018. He is also a member of the Remuneration Committee. At Telia Company Hannu-Matti Mäkinen holds a position of Chief Legal Counsel for Telia Asset Management. Three members of the Board compose the Audit Committee of Telia Lietuva, whereof two – Leda Iržikeviciene and Mindaugas Glodas – are independent members of the Board. At present there 5 members of the Board: three representing Telia Company and two independent ones. According to the By-laws of the Company, the Board shall be comprised of 6 members. The current two-year term of the Company’s Board terminates on 27 April 2025, thus election of a new member of the Board is not planned at the moment. Announcement • Sep 09
Telia Lietuva, AB Announces Resignation of Agneta Wallmark from the Board and the Chair of Audit Committee, Effective 20 September 2024 Telia Lietuva, AB announced resignation of Agneta Wallmark from the Board and the chair of Audit Committee, effective as of 20 September 2024. Audit Committee, effective as of 20 September 2024. This resignation aligns with Agneta's upcoming retirement and departure from Telia Company AB, where she held the position of Head of Group Treasury. Agneta Wallmark was member of the Board and Chair the Audit Committee of Telia Lietuva from April 2018. Announcement • Sep 04
Telia Lietuva and Telia Global Services Lithuania, UAB Reduce Number of Personnel with the View to Increasing Profitability Telia Company, AB announced a change program that is set to simplify its operations in the Nordic and Baltic countries. The more decentralised and streamlined organisation will focus on local customers’ needs, while the Group intends to reduce its number of personnel by 3,000 during the full year of 2024. In Lithuania, Telia Company Group plans to reduce the total number of employees by about 400, whereof approximately 200 at Telia Lietuva, and remaining – at Telia Global Services Lithuania, UAB, a fully owned subsidiary of Telia Company in Lithuania. Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: €0.031 (vs €0.027 in 2Q 2023) Second quarter 2024 results: EPS: €0.031 (up from €0.027 in 2Q 2023). Revenue: €119.5m (up 5.7% from 2Q 2023). Net income: €18.3m (up 17% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 25
Telia Lietuva, AB Announces Executive Changes On 25 June 2024, the Board of Telia Lietuva, AB elected Stefan Backman as a Chair of the Board of Telia Lietuva. Stefan Backman for the current term of the Company’s Board (till 27 April 2025) was elected on 27 April 2024. He succeeded Dan Strömberg, who resigned from the Board and the Chair of the Board position as of 25 April 2024. Stefan Backman is Executive Vice President, Group General Counsel and Head of Corporate Affairs at Telia Company AB (Sweden). He has Master of Laws from the University of Uppsala, Sweden. Stefan Backman is member of the Supervisory Council at Telia Eesti AS (Estonia) and Latvijas Mobilais Telefons (LMT) SIA (Latvia). He has no direct interest in the share capital of Telia Lietuva. Announcement • May 30
Telia Lietuva Announces Executive Changes Telia Lietuva, AB from 1 July 2024 will be supplemented by two new managers - Aurimas Žlibinas will head Enterprise (B2B) unit, and Vygintas Domarkas will be appointed as the Head of the newly created Digital Transformation unit. Both members of Telia Lietuva's management team were selected from the Company's internal candidates. From 1 July 2024 a new Digital Transformation unit is being created within the organisational structure of Telia Lietuva, which will combine the current digitization, analytics and transformation teams. Vygintas Domarkas, who has been appointed to lead this unit, has been the Head of Strategic Commerce at Consumers (B2C) unit of Telia Finland for almost a year. Until then, he was the Head of Small Business Segment Management team at Telia Lietuva. Before working in Telia Company Group, V. Domarkas worked in different financial services and insurance companies. Another change of managers is in Telia Lietuva's B2B unit, which will be headed by Aurimas Žlibinas. He has already temporary replaced in this position Daniel Karpovic, who is leaving the Company from 1 July 2024. Aurimas Žlibinas started working for the Company back in 2004 and held various management positions for seventeen years. For the past seven years, he has worked with Telia Lietuva's key business clients - banks, retail, insurance, and logistics companies. Announcement • Apr 27
Telia Lietuva, AB Approves Payment of Dividends for the Year 2023, Payable on 23 May 2024 Telia Lietuva, AB at the AGM held on 26 April 2024, approved to allocate the Company’s profit for the year 2023: from the Company’s distributable profit of EUR 170,974,000 to allocate EUR 52,435,000 for the payment of dividends for the year 2023, i.e. EUR 0.09 dividend per share, and carry forward to the next financial year an amount of EUR 118,539,000 as retained earnings (undistributed profit). To allocate EUR 37,000 for tantiemes for the year 2023 to two independent members of the Board – Leda Iržikeviciene and Mindaugas Glodas – EUR 18,500 each. The Law on Companies of the Republic of Lithuania provides that dividends shall be paid to the shareholders who at the end of the 10th business day following the Annual General Meeting that adopts a decision on dividend payment (rights accounting day) will be on the Shareholders’ List of the Company, i.e., will be shareholders of Telia Lietuva, AB on 13 May 2024. Following the Law on Companies the Company should pay dividends within the one month following the day on which the decision on profit distribution was adopted. The Company plans to pay out dividends for the year 2023 on 23 May 2024. Announcement • Apr 26
Telia Lietuva, AB Announces Executive Changes, Effective July 1, 2024 Daniel Karpovic, Head of Enterprise (B2B) at Telia Lietuva, AB is leaving the Company as of 1 July 2024. Aurimas Žlibinas, Head of Key Accounts unit at Telia Lietuva, has been appointed interim Head of B2B. The selection of the new Head of B2B of the Company will be made primarily from internal candidates. Daniel Karpovic joined the Company in 2017 as Head of Commercial and Product Management for Business Customers. He has been the Head of B2B unit at Telia Lietuva since June 2019. Prior to that, he worked in various telecommunications businesses in Lithuania, Estonia and Kazakhstan. Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: €0.11 (vs €0.097 in FY 2022) Full year 2023 results: EPS: €0.11 (up from €0.097 in FY 2022). Revenue: €476.6m (up 7.2% from FY 2022). Net income: €63.6m (up 13% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 25
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €1.67. The fair value is estimated to be €1.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 4.3%. Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: €0.11 (vs €0.097 in FY 2022) Full year 2023 results: EPS: €0.11 (up from €0.097 in FY 2022). Revenue: €476.6m (up 7.2% from FY 2022). Net income: €63.6m (up 13% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: €0.032 (vs €0.026 in 3Q 2022) Third quarter 2023 results: EPS: €0.032 (up from €0.026 in 3Q 2022). Revenue: €122.8m (up 8.4% from 3Q 2022). Net income: €18.5m (up 20% from 3Q 2022). Profit margin: 15% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Aug 26
Telia Lietuva Announces Executive Changes Telia Lietuva announced Birute Eimontaite, head of communication at the company will leave the company on 31 October 2023. She joined the company in June 2018 and was leading the company’s corporate communication team from January 2019. Vaida Jurkoniene, Head of Marketing, will oversee the company’s communication and sustainability activities as interim head of communication. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: €0.027 (vs €0.024 in 2Q 2022) Second quarter 2023 results: EPS: €0.027 (up from €0.024 in 2Q 2022). Revenue: €113.1m (up 2.2% from 2Q 2022). Net income: €15.6m (up 11% from 2Q 2022). Profit margin: 14% (up from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • May 04
Upcoming dividend of €0.06 per share at 3.0% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Lithuanian dividend payers (5.8%). Lower than average of industry peers (4.2%). Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: €0.097 (vs €0.098 in FY 2021) Full year 2022 results: EPS: €0.097 (down from €0.098 in FY 2021). Revenue: €444.6m (up 5.7% from FY 2021). Net income: €56.4m (flat on FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: €0.097 (vs €0.098 in FY 2021) Full year 2022 results: EPS: €0.097 (down from €0.098 in FY 2021). Revenue: €444.6m (up 5.7% from FY 2021). Net income: €56.4m (flat on FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Mindaugas Glodas was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 22
Full year 2021 earnings released: EPS: €0.098 (vs €0.096 in FY 2020) Full year 2021 results: EPS: €0.098 (up from €0.096 in FY 2020). Revenue: €420.8m (up 5.7% from FY 2020). Net income: €56.8m (up 1.7% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 04
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 26 May 2022. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Lithuanian dividend payers (6.6%). Higher than average of industry peers (4.0%). Reported Earnings • Jul 22
Second quarter 2021 earnings released: EPS €0.021 (vs €0.02 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €101.6m (up 4.6% from 2Q 2020). Net income: €12.3m (up 8.2% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 04
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 25 May 2021. Trailing yield: 4.8%. Lower than top quartile of Lithuanian dividend payers (6.3%). In line with average of industry peers (4.6%). Executive Departure • Apr 30
Independent Director has left the company On the 27th of April, Tomas Balzekas' tenure as Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Tomas' name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS €0.022 (vs €0.021 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: €99.7m (up 8.2% from 1Q 2020). Net income: €13.1m (up 4.4% from 1Q 2020). Profit margin: 13% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS €0.096 (vs €0.094 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €398.1m (up 2.5% from FY 2019). Net income: €55.9m (up 2.1% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 19
New 90-day high: €2.07 The company is up 22% from its price of €1.70 on 20 November 2020. The Lithuanian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 1.0% over the same period. Reported Earnings • Feb 01
Full year 2020 earnings released: EPS €0.096 (vs €0.094 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €398.1m (up 2.5% from FY 2019). Net income: €55.9m (up 2.1% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 04
New 90-day high: €1.87 The company is up 20% from its price of €1.56 on 06 October 2020. The Lithuanian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: €1.80 The company is up 13% from its price of €1.60 on 10 September 2020. The Lithuanian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: €1.61 The company is up 5.0% from its price of €1.54 on 12 August 2020. The Lithuanian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 2.0% over the same period. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of €56.0m, up 9.1% from the prior year. Total revenue was €396.5m over the last 12 months, up 4.8% from the prior year. 
