LTOK Presents Mid-Year Budget Report

The Lithuanian National Olympic Committee (LTOK) has presented its financial report for the first half of the year, revealing revenues of 4.206 million euros. The majority of this income, specifically 3.899 million euros, came from dividends received from UAB "Olifėja."

Total expenses for the period amounted to 3.172 million euros. A substantial part of these funds, 1.669 million euros, was directed towards financing Olympic sports. This includes preparations for the 2026 Milan and Cortina Winter Olympics, the upcoming 2026 Dakar Youth Summer Olympics, and advance payments for the 2028 Los Angeles Summer Olympics. Additionally, 1.525 million euros were allocated as operational support to LTOK members.

LTOK Treasurer Darius Čerka expressed satisfaction with the committee's planning and execution, emphasizing efforts to optimize expenses and conserve resources. LTOK President Daina Gudzinevičiūtė also highlighted upcoming plans, including a traditional meeting with Baltic Olympic committees to explore cooperation, particularly concerning the 2028 Los Angeles Games. Medical assistance for the Ukrainian embassy is also planned for this week.

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We see that we have succeeded in planning and living according to that plan. Efforts are being made in all areas to optimize expenses and save as much as possible.