Pljevlja coalmine recorded a net profit of 15.06 million euros in 2024, slightly down from 15.2 million euros in the previous year. According to the financial report, the coalmine’s sales revenues in 2024 reached 65.3 million euros, marking a 6.3% decrease compared to 2023. Operating expenses, however, dropped by 2.7%, totaling 57.1 million euros.
At the end of December 2024, the total assets of Pljevlja coalmine were valued at 147.8 million euros, an 11.8% increase from the previous year. The company’s long-term provisions and liabilities amounted to 17.5 million euros, while short-term liabilities stood at 24.6 million euros. Retained earnings were around 49 million euros.
In April 2018, power utility EPCG launched a buyout bid for the entire capital of Pljevlja coalmine, offering 6.4 euros per share. The buyout period lasted from April 20 to May 4, 2018. According to an analysis by Deloitte, the fair price for the coalmine shares was 6.4 euros, even though their market value was 6.9 euros at the end of 2017. In early June 2018, following the approval from the Commission for the Capital Market, EPCG became the majority owner of Pljevlja coalmine.
