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.
