Croatian state-owned oil transportation company JANAF, the operator of the country’s key oil pipeline, recorded total revenues exceeding €136 million in 2024.
Under its current management, JANAF has maintained profitable and stable operations, achieving positive cash flow, financial asset growth, and high utilization of its storage and transportation capacities. The company’s strong performance reinforces its role as a strategic oil pipeline for the European Union, a key partner for Central European and neighboring countries, and a crucial component of Croatia’s energy hub.
Despite geopolitical challenges and market volatility, JANAF exceeded its business plan, ensuring stable revenue levels. Notably, 2024 marked its first income from renewable energy sources, following two major acquisitions in this sector. Looking ahead, the company plans to continue investing in renewable energy projects, as well as in the construction of new oil and petroleum product storage tanks.
According to its financial report, JANAF achieved a net profit of nearly €50 million in 2024. The majority of its revenue—approximately €125 million—came from its core business of oil transportation and storage of crude oil and petroleum products. Nearly 70% of this revenue was generated from international clients, underscoring JANAF’s significant contribution to Croatia’s export balance.
In 2024, the company invested nearly €19 million from its own funds into infrastructure improvements, including pipelines, storage facilities, monitoring and security systems, environmental protection initiatives, energy systems, and digital business transformation.
