Montenegrin fuel retailer Jugopetrol reported a net profit of 1.07 million euros in the first quarter of 2025, a significant increase compared to the approximately 83,000 euros profit recorded in the same period last year. The company’s net sales remained steady at around 47.5 million euros during the first three months of 2025, while operating expenses decreased by 2.4%, totaling 45.4 million euros.
As of the end of March 2025, Jugopetrol’s total assets amounted to 125 million euros, reflecting a slight decrease of 1.4% compared to the end of 2024. The company’s retained earnings stood at 27.9 million euros. Long-term liabilities were reported at 2.9 million euros, while short-term liabilities amounted to 16.4 million euros.
The largest shareholder in Jugopetrol is Greek Hellenic Petroleum International, which has held a 54.35% stake since 2002. Other significant shareholders include collective custody account 5 with 9.25%, collective custody account 1 with 8.64%, and collective custody account 8 holding 3.29% of shares.
