Montenegrin fuel retailer Jugopetrol posted a net profit of 3.44 million euros in the first half of 2025, significantly down from 27.8 million euros recorded in the same period last year. Despite the drop, this year’s figure represents a 23.7 percent increase compared to earlier annual trends, with the company having earned 7 million euros in total profit for 2024—roughly the same as the year before.
Net sales in the first six months of 2025 declined by 3.6 percent to 110.9 million euros, while operating expenditures dropped by 4.8 percent to 105.1 million euros.
As of the end of June 2025, Jugopetrol’s total assets stood at 136 million euros, marking a 7.3 percent increase compared to the end of 2024. The company’s retained earnings amounted to 24.3 million euros, with long-term liabilities at 2.84 million euros and short-term liabilities at 30.4 million euros.
Greek-based Hellenic Petroleum International remains the largest shareholder, holding a 54.35 percent stake in Jugopetrol since 2002.
