Pljevlja coalmine recorded a net loss of 4.5 million euros in the first half of 2025, worsening compared to a 3.8 million euros loss during the same period last year.
Sales revenues declined by 13.7 percent to 19.6 million euros in the first six months of 2025, while operating expenses decreased by 10 percent to 24.3 million euros.
At the end of June 2025, the coalmine’s total assets were valued at 139.5 million euros, reflecting a 5.6 percent drop compared to the end of 2024. Long-term provisions and liabilities stood at 20.8 million euros, with short-term liabilities amounting to 18.4 million euros. Retained earnings were approximately 44.6 million euros.
In April 2018, the power utility EPCG announced a buyout offer for all 5,064,443 shares of Pljevlja coalmine, proposing a price of 6.4 euros per share. This offer was open from April 20 to May 4. Deloitte’s analysis indicated a fair share price of 6.4 euros, slightly below the 6.9 euros market price at the end of 2017. Following a decision by the Commission for the Capital Market in early June, EPCG became the majority owner of Pljevlja coalmine.
