The Brod oil refinery in Bosnia and Herzegovina has reported a significant financial downturn, closing the year 2025 with a deficit exceeding 41 million euros. This figure represents a marked increase from the previous year’s loss of approximately 31.1 million euros, indicating a deterioration of around 10 million euros within just one year, as highlighted by the latest financial statements.
Despite an increase in revenues, which rose to about 26.6 million euros in 2025 from 20.8 million euros in 2024, the refinery’s financial stability continues to be undermined by escalating operating costs. Total expenses surged to approximately 66.6 million euros, up from roughly 50.5 million euros the prior year, showcasing a troubling trend where rising costs have outpaced revenue growth.
The cumulative deficit for the refinery has now reached an alarming total of around 492.5 million euros, reflecting ongoing operational challenges that have persisted over several years. Concurrently, the workforce at the facility has continued to decline; by the end of 2025, only 310 workers were employed, a reduction of nine positions compared to the end of 2024. This trend highlights not only financial distress but also potential operational limitations moving forward.
The combination of increasing operational expenses and a shrinking workforce raises concerns about the future viability of the Brod refinery. The ongoing cycle of losses suggests that without significant changes in management strategy or operational efficiency, the facility may struggle to recover from its current financial predicament.
