Telecentras Reports Strong Financial Performance With €17.2 Million in Revenue
Telecentras has announced one of the most successful years in its corporate history, reporting total revenues of €17.2 million. The company’s financial results underscore a period of stability and significant profitability, driven largely by a strategic pivot toward information technology and infrastructure services.
According to audited data, the company generated a profit of €2.7 million for the 2025 fiscal year. As the sole shareholder, the Lithuanian state received €2.2 million in dividends. This performance reflects the company’s ability to maintain growth across diverse service sectors despite regulatory adjustments.
The most aggressive growth was seen in the data center and ICT services segment, which surged by 69.5%. This expansion was fueled by an increase in the number of clients and the volume of leased technological cabinets. Specifically, the company saw a 17.2% rise in cloud resource clients and a 3.5-fold increase in leased server cabinets, highlighting a successful transition toward high-growth digital infrastructure.
While overall service sales grew by 11.3%, the company noted that regulatory corrections regarding TV and radio service overpayments caused a slight 1.3% dip in reported revenues when comparing the 2024-2025 period. Excluding these regulatory impacts, TV and radio services grew by 3.1%.
The company also capitalized on its physical assets, with entertainment services at the Vilnius TV Tower seeing an 11% revenue increase compared to 2024. This growth is attributed to higher visitor numbers and the launch of the “360ore” entertainment space, which helped attract 4.4% more guests.
On the expenditure side, operating costs (excluding depreciation and amortization) fell to €10.1 million, a decrease of €2.9 million or 22.5% over the previous year. The company attributed this reduction primarily to the reversal of provisions previously set aside for legal disputes with LRT. However, the increase in ICT volumes and TV Tower traffic did lead to higher direct service costs and personnel expenses.
These results emphasize the company’s strategic focus on expanding its role in state information resources and digital infrastructure, positioning itself as a key player in Lithuania’s technological landscape.
