A trader-led structural model...

In South-East Europe, gas–power interaction has moved decisively beyond simple fuel substitution logic....

Liquidity, LNG volatility, basis...

South-East Europe’s gas markets have quietly crossed a structural threshold. What once functioned...

Rising U.S. LNG dependence...

The European Union’s growing dependence on U.S. LNG is often framed as a...

European gas prices at...

European gas prices have fallen to their lowest levels in more than a...
Supported byClarion Energy
HomeSEE Energy NewsMontenegro: EPCG reports...

Montenegro: EPCG reports €10.2 million Q1 2025 profit amid revenue and cost increases

Montenegro’s state-owned power company EPCG posted a net profit of 10.2 million euros in the first quarter of 2025, slightly down from 11.4 million euros in the same period last year. The company’s net sales revenues increased to 125.7 million euros during the first three months of 2025, up from 113.2 million euros in Q1 2024. Other operating revenues also grew significantly, reaching 2.7 million euros compared to just 274,000 euros a year earlier.

Operating costs rose as well, totaling 110.2 million euros in Q1 2025, up from 91.6 million euros in the previous year’s quarter. Expenses for salaries and benefits showed a slight increase, moving from 8.3 million euros to 8.4 million euros.

At the end of March 2025, EPCG’s total assets stood at 1.3 billion euros, marking a 0.4% increase compared to the end of 2024. The company’s retained earnings amounted to 81.3 million euros. Long-term liabilities were reported at 107.7 million euros, while short-term liabilities totaled 105.9 million euros.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

SEE oil forward curve to 2030: Country overlays, execution risk, and pricingregimes in a constrained regional market

By 2030, the southeast European oil forward curve can no longer be understood as a single regional construct. What may appear as a unified market anchored to Brent is, in reality, a layered system of country-specific execution curves, each...

SEE oil trading outlook 2026–2030: Flows, spreads, freight,and optionality in a constrained Europe

Between 2026 and 2030, Southeast Europe’s oil market will be shaped less by broad price direction and more by structural constraints on flows, freight, and optionality. The region is evolving from a peripheral arbitrage zone into a structurally constrained...

Refining margins turn SEE into a residual market during tight cycles

High European refining margins are increasingly reshaping supply allocation, with refiners prioritizing markets that offer the highest liquidity and netbacks. In this context, Southeast Europe often becomes a residual market, receiving barrels later and at higher premiums. This pattern is...
Supported byVirtu Energy
error: Content is protected !!