For the LTG Group, 2025 was a year of stable and sustainable growth, in which emerging geopolitical shifts and growing needs in mobility and defense further clarified the group’s strategic direction. In this context, LTG accelerated the implementation of key projects and purposefully expanded partnerships both in Lithuania and abroad.

In 2025, the group’s revenue reached €517.3 million. In 2024, the LTG Group’s revenue was €499.1 million. Last year, the LTG Group generated €177.2 million in EBITDA, achieving an EBITDA margin of 34.5%, while net profit amounted to €43.3 million. In 2024, LTG generated €165.5 million in EBITDA, achieving an EBITDA margin of 33.3%, while net profit reached €37.0 million. In 2024, the Group received €100.3 million in government grant revenue; in 2025, grant revenue increased to €118.2 million, of which €82.2 million was allocated for railway infrastructure maintenance and €36.0 million for passenger transport subsidies.

Strengthening the LTG’s Role in Resilience and Defense

According to Arūnas Rumskas, Acting CEO and CFO of the LTG Group, the organization is currently entering a new phase of expansion, and the changing security environment dictates the need to strengthen LTG’s role in the areas of resilience and defense and to consistently expand its activities where the greatest long-term value is created for the state and society.

“Therefore, we will soon begin updating the company’s long-term business strategy and governance model to align them with the scale and ambition of this phase. Our goal is not merely the implementation of transport projects, but the transformation of Lithuania’s long-term transport system—whose backbone is the railways—into a resilient, reliable, and strategically important economic sector for the entire country,” says A. Rumskas.

Railway safety and reliability are the company’s absolute priority—this is a fundamental condition for ensuring public trust and uninterrupted operations. As A. Rumskas, acting head of LTG, emphasizes, in response to growing demands for quality, capacity, and resilience, the company will pursue the consistent modernization of its existing infrastructure.

“One of the most important tasks at this time is to ensure the timely modernization of infrastructure, which will allow us to maintain high levels of safety and reliability and respond appropriately to changing operational needs. This requires consistent planning, clear prioritization, and disciplined implementation,” says A. Rumskas.

Rapid growth in passenger traffic

In the passenger transport sector, 2025 was a year of rapid growth. Last year, 5.9 million people traveled on “LTG Link” trains, and compared to 2024, “LTG Link” carried nearly 350,000 more passengers last year. Compared to 2024, passenger transport revenue increased by €10.8 million, or 18.0 percent. This growth was driven not only by rising passenger traffic on domestic routes but also by the targeted expansion of international travel offerings. At the same time, measures to improve the customer experience were implemented—dynamic pricing was introduced, and loyalty initiatives were strengthened. The government continued to support passenger transport with additional funding—in 2025, this amounted to 36.0 million euros, or 32.8 percent of the total revenue of the passenger transport company LTG Link.

The LTG Group’s freight transport company, LTG Cargo, made a significant contribution to the group’s strong financial results in 2025 by strengthening its position in the European rail market. Revenue for the Group’s freight transport companies decreased by 3.8 percent, or €11.8 million, compared to 2024. The decline was driven by reduced transit flows through Lithuanian territory to the Kaliningrad region; however, this trend was anticipated and reflects a strategic reorientation toward Western markets.

Investments in Strategic National and Regional Resilience

Last year, the LTG Group’s investments totaled €367.0 million. The LTG Group’s most strategically important project, “Rail Baltica,” entered the active implementation phase in 2025. Environmental impact assessments have been completed, construction and design contracts have been signed, and track laying has begun. The length of sections under construction in Lithuania has reached 114 kilometers.

In 2025, the Vilnius–Klaipėda electrification project reached the home stretch—more than 96% of the catenary installation work has been completed, traction substations have been built and equipped, and testing and the adaptation of traffic control systems are underway.

To improve the customer experience—for both passengers and freight carriers—targeted investments were made in the acquisition of electric rolling stock. Last year, the first Stadler electric and battery-powered trains arrived in Lithuania, and testing began. In total, the rolling stock fleet of the passenger transport company “LTG Link” will be expanded this year with 15 new vehicles—9 electric and 6 battery-powered. The group’s freight transport company, LTG Cargo, has purchased and is awaiting the arrival of 17 electric locomotives manufactured specifically for transport in Lithuania, which will be used to transport freight on the newly electrified Vilnius–Klaipėda line.