Revenue of the three largest Belarusian IT businesses in Lithuania fell in 2025
The combined revenue of technological businesses with Belarusian capital in Lithuania decreased by more than 8% in 2025. The entire trio of leaders—EPAM sistemos, Wargaming Vilnius, and Yukon Advanced Optics Worldwide—saw a decline, reports economic journalist Vadim Syakhovich, citing statistics.
The Belarusian technological sector in Lithuania — IT, hardware (manufacturing of material components), and e-commerce — generated about 440 million euros in revenue in 2025. This is approximately 8% less than a year earlier (480 million euros). The main reasons for the decline are a drop in sales among key players and the gradual relocation of some businesses from Lithuania, as, for example, happened with the local office of Flatlogic.
Nevertheless, the technological sector continues to generate the main sales volumes for Belarusian businesses in the Lithuanian economy.
According to Syakhovich's estimates, the technological sector's share in total revenue for 2025 amounted to about 45%. Within its structure, IT makes the main contribution with over 75% of the total. Hardware follows with 23%, and the remainder is accounted for by several e-commerce companies, led by the Lithuanian branch of the E100 group of companies, a fuel card operator.
Top 25 Technological Businesses of Belarusians in Lithuania Based on 2025 Results
| Rank | Company Name | Revenue in 2025, million EUR | Revenue in 2024, million EUR |
|---|---|---|---|
| 1 | EPAM Sistemos | 85,6 | 94,3 |
| 2 | Wargaming Vilnius | 81,2 | 83,5 |
| 3 | Yukon Advanced Optics Worldwide | 60,2 | 91,6 |
| 4 | Gurtam | 43,8 | 40,2 |
| 5 | Andersen Soft | 35,8 | 38,6 |
| 6 | Flo Health LTU | 22,5 | 22,4 |
| 7 | Linev Systems EU | 11,7 | 12,3 |
| 8 | Vention Development | 9,6 | 11,3 |
| 9 | I-Photonics | 7,9 | 4,0 |
| 10 | Coherent Solutions | 7,3 | 8,2 |
| 11 | Innowise | 7,3 | 7,3 |
| 12 | Belka Games LT | 6,5 | 7,0 |
| 13 | Virpil | 5,9 | 7,5 |
| 14 | SoftTeco LT | 5,8 | 3,1 |
| 15 | Polimaster Europe | 5,2 | 3,4 |
| 16 | Akveo Baltic | 4,8 | 5,0 |
| 17 | ST Apps | 4,2 | 8,3 |
| 18 | Altabel Group | 4,0 | 3,1 |
| 19 | IBA Lithuania | 3,5 | 4,8 |
| 20 | NTLab | 3,4 | 3,6 |
| 21 | E100 LT | 3,2 | 2,2 |
| 22 | Aristek Systems Baltic | 3,0 | 2,7 |
| 23 | EssentOptics Europe | 2,4 | 2,1 |
| 24 | Attico International | 2,4 | 2,4 |
| 25 | SaM Solutions | 2,4 | 2,6 |