The LTG railway group demonstrates sustainable growth and efficiency: in 2024, the company received 499 million euros in revenue (10% more than last year) and a net profit of 37 million euros. Thanks to this, the state will receive 33 million euros in dividends. According to CEO Egidijus Lazauskas, the company has successfully adapted to geopolitical challenges and continues to implement strategic projects and expand into Western markets.
LTG is actively investing in modernization: in 2024, investments reached 389 million euros, most of which was directed to infrastructure upgrades. Despite the reduction in transit cargo flows due to sanctions against Russia and Belarus, LTG Cargo increased its revenue by 9% due to the growth of transportation within Lithuania. To strengthen its logistics positions, 500 grain trucks, 200 gondola cars, 17 electric locomotives were purchased, and work was launched on routes to the Czech Republic, Austria and the Baltic countries.
Passenger company LTG Link transported 5.5 million people in 2023, 10% more than in the previous year. Revenue increased by 29%. The success is explained by new routes, updated schedules, expanded ticket sales points and improved customer service. The plans include increasing passenger traffic to 9.3 million by 2029 and updating the fleet: 15 new Swiss-made electric and battery trains have already been ordered.
In the infrastructure sector, LTG Infra has achieved leadership among the Baltic countries in the implementation of the Rail Baltica project. This highway will not only connect Lithuania with Western Europe, but will also strengthen the region’s defense capability: the largest dual-system terminal in the Baltics for handling NATO military equipment is being built in Kaunas. The project envisages the development of dual-use infrastructure adapted for heavy equipment.
Despite the decline in revenue in certain segments, LTG is confident about the future. The group develops digital and sustainable logistics solutions, strengthens its international presence (including in Poland and Ukraine) and focuses on environmentally friendly transport. The main challenge today is attracting financing to complete large-scale infrastructure projects of strategic importance for both the economy and the security of the region.