AB INTER RAO Lietuva — Company Profile

AB INTER RAO Lietuva is a Lithuanian electricity trading and supply company that historically operated across the Baltic States and neighboring markets. The company was part of the wider INTER RAO Group and, prior to 2022, was among the most active independent electricity traders in Lithuania, engaging in wholesale trading on regional exchanges and supplying large business customers.

1) Company Overview

Legal name: AB INTER RAO Lietuva
Founded: 2002 (initially as a Lithuanian entity of the INTER RAO Group; later reorganized as a public joint-stock company and listed in 2012)
Headquarters: Vilnius, Lithuania
Industry sector: Energy (electricity wholesale trading and retail supply)
Stock exchange listing: Nasdaq Vilnius (ticker historically IRL1L; trading has been suspended since 2022)

2) Legal Information

Įmonės kodas (company code): 126119315 (publicly listed in Lithuanian company directories)
PVM mokėtojo kodas (VAT code): Public VAT number not clearly disclosed in recent open sources (see registries and VMI for confirmation)
Official website: http://www.interrao.lt
Email address: info@interrao.lt (as commonly used/public contact; verify on the official website or most recent filings)
Registered office address: A. Tumėno g. 4, LT-01109 Vilnius, Lithuania (commonly cited business address in Vilnius for the company)
Phone number: Not reliably available in recent open sources; check the official website or Nasdaq/registry filings for the latest published number

Note: Some specific legal/contact fields are hard to verify in open sources after 2022 due to market and sanctions-related disruptions; consult the Lithuanian Register of Legal Entities (Registrų centras) or Nasdaq Baltic issuer page for the most recent official contact details.

3) Business Operations

Main products/services:
- Wholesale electricity trading on regional power exchanges (Nord Pool) and via bilateral contracts in the Baltics and neighboring markets.
- Retail electricity supply to large corporate and industrial customers in Lithuania and the Baltic region.
- Portfolio management, balancing, hedging, and cross-border electricity trading services.

Business model: The company historically operated as a merchant energy trader and supplier, optimizing purchases and sales across multiple bidding areas and borders. Revenues are primarily driven by electricity volumes traded and supplied, price spreads between markets, and portfolio optimization.

Market position: Prior to 2022, AB INTER RAO Lietuva was one of the notable independent electricity traders in Lithuania, competing with incumbent and regional players and focusing on cross-border trading and B2B supply.

4) History

2002: Establishment in Lithuania as part of the INTER RAO Group’s regional activities in electricity trading.
2008–2011: Expansion of trading footprint across the Baltic region and neighboring markets; development of subsidiary presence in Latvia and Poland to support regional operations (e.g., SIA-level subsidiary in Latvia; Polish subsidiary for trading and supply).
2012: Public listing on Nasdaq OMX Vilnius (now Nasdaq Vilnius). The company became accessible to institutional and retail investors in the Baltic markets.
2013–2019: Continued trading and supply growth amid evolving Baltic power market liberalization and integration into Nord Pool; historically paid dividends in several years, reflecting profit distribution typical of merchant trading businesses during profitable cycles.
2020–2021: Active in wholesale and retail supply; revenues and volumes moved with market price volatility and cross-border flows.
2022: Following Russia’s invasion of Ukraine, the Baltic States curtailed imports of electricity from Russia. Regulatory and payment-related restrictions impacted regional flows. Nasdaq Vilnius suspended trading in AB INTER RAO Lietuva shares in 2022 pending further clarity. Company operations were materially affected by market and sanctions changes.
2023–2025: Public disclosures and trading remained limited; stakeholders have relied on registry posts and exchange announcements for updates as the company adjusted to the transformed regional market context.

5) Financial Information

Revenue and results: In the years prior to 2022, AB INTER RAO Lietuva reported annual revenues commonly in the hundreds of millions of euros, reflecting the high value of electricity trading volumes. Profitability varied year-to-year with market conditions, spreads, and balancing outcomes. Exact figures for individual years should be taken from the company’s audited annual reports and Nasdaq Baltic announcements.

Funding and capital markets: The principal capital markets event was the 2012 IPO on Nasdaq Vilnius. No later public equity raises are widely documented in open sources. Debt financing was used as needed for trading operations and working capital, in line with industry practice.

Ownership structure: Historically controlled by the INTER RAO Group via its regional entities (notably RAO Nordic Oy), with a free float on Nasdaq Vilnius. The precise current ownership and any post-2022 changes should be confirmed through the latest shareholder disclosures on Nasdaq Baltic or the company’s reports.

6) Leadership and Management

Executives (vadovai): The up-to-date names and positions of the CEO (generalinis direktorius) and other executive managers have not been consistently available in public channels after trading suspension in 2022. Historically, the management team combined local Baltic market expertise with representatives connected to the INTER RAO Group.

Board of Directors (valdyba): Prior to 2022, the board included both Lithuanian and INTER RAO Group-affiliated members. For the current board composition (vardai, pavardės, pareigos), refer to the latest official filings and Nasdaq Baltic issuer announcements.

7) Office Locations

Registered office (buveinė): A. Tumėno g. 4, LT-01109 Vilnius, Lithuania.
Phone: Not reliably listed in current open sources; refer to the company’s website or registry filings for the latest number.
Note: Historically, the group also maintained subsidiaries in Latvia and Poland to support regional trading and supply, with their own local office coordinates; verify directly with subsidiary registries for current addresses and contacts.

8) Market Position

Competitors: The Lithuanian and Baltic power retail/trading spaces feature strong competition from regional incumbents and international traders, including but not limited to:
- Ignitis group companies (Lithuania)
- Elektrum Lietuva (Latvenergo group)
- Enefit (Eesti Energia group)
- Other pan-Baltic and Nordic electricity traders active on Nord Pool

Market share: Exact market share figures for AB INTER RAO Lietuva have not been recently published in a consistent manner. Historically, the company was one of the leading independent traders in Lithuania with significant wholesale activities.
Competitive advantages (historical): Cross-border trading expertise, access to group-wide resources and market intelligence, and long-standing participation in Baltic and neighboring markets.

9) Recent Developments

2022: Baltic electricity imports from Russia were halted amid regulatory, sanctions, and payment constraints. Nasdaq Vilnius suspended trading in AB INTER RAO Lietuva shares (IRL1L). The company’s operating environment changed substantially, with reports indicating limited activity and disclosures thereafter.

2023–2025: Public updates have primarily come via exchange announcements and registry notes. Analysts and investors should check the Nasdaq Baltic issuer page and Lithuanian public registries for any legal, ownership, or governance changes, and for any formal steps regarding listing status, restructuring, or corporate actions.

10) Contact Information

Company: AB INTER RAO Lietuva
Address: A. Tumėno g. 4, LT-01109 Vilnius, Lithuania
Website: http://www.interrao.lt
Email: info@interrao.lt
Phone: Not reliably available in recent open sources (check official site and filings)

Important: Given the post-2022 changes, always cross-check contact details with the Lithuanian Register of Legal Entities and Nasdaq Baltic announcements before use.

11) Sources and References

- Official company website (profile, contacts, activity overview): http://www.interrao.lt
- Nasdaq Baltic issuer page and announcements for AB INTER RAO Lietuva (ticker historically IRL1L; trading suspended since 2022): https://nasdaqbaltic.com
- Lithuanian business registries/directories for legal data (įmonės kodas, address, contacts): https://rekvizitai.lt and https://rekvizitai.vz.lt (search “AB INTER RAO Lietuva”)
- Lithuanian Register of Legal Entities (VĮ Registrų centras) for official legal records: https://www.registrucentras.lt
- Lithuanian National Energy Regulatory Council (VERT) announcements on electricity market/import changes in 2022: https://www.vert.lt
- Public news coverage on regional power trade restrictions and market changes in 2022–2023 (e.g., Reuters, national media): https://www.reuters.com and Lithuanian national outlets (search terms: “INTER RAO Lietuva”, “Baltic electricity imports 2022”)

Disclosure: Some legal and contact specifics (e.g., VAT code, up-to-date phone number, current executives/board) are not consistently available in open sources after 2022. For authoritative and current data, consult the latest filings at Nasdaq Baltic and the Lithuanian Register of Legal Entities.