Revenue
7.0% of sector revenue
37 companies earned 532.72m€ in 2025, 7.0% of Trade sector revenue. Revenue has grown 1.9× since 2015.
7.0% of sector revenue
12 with at most one employee
Largest employer: Petrol Crna Gora Mne (152)
Not shown: one company carries more than half of the profit or loss
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 1–37 of 37
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Not shown: one company carries more than half of the profit or loss. The aggregate margin is not shown when fewer than 5 companies have one, or when one company carries more than half of the summed profit and loss; use the median margin and the profitable share instead. Profits that cannot be reconciled with revenue and payroll are left out.
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 280,631,904€ | 30 |
| 2016 | 238,223,959€ | 30 |
| 2017 | 281,597,375€ | 38 |
| 2018 | 358,435,845€ | 42 |
| 2019 | 388,439,758€ | 46 |
| 2020 | 249,183,270€ | 44 |
| 2021 | 348,403,014€ | 46 |
| 2022 | 257,718,800€ | 43 |
| 2023 | 526,037,013€ | 41 |
| 2024 | 515,937,666€ | 39 |
| 2025 (Preliminary) | 532,721,646€ | 37 |
Employees and payroll cost per employee per month*
21.3% |
| 113,646,187€ |
| +18.2% |
| 1,003,995€ |
| 0.9% |
| 142 |
| 1,904€ |
| 3 | Hifa Oil CG03136981 · Zeta | 10.8% | 57,428,372€ | +17.7% | 1,317,780€ | 2.3% | 105 | 1,256€ |
| 4 | Petrol Crna Gora Mne02675889 · Podgorica | 10.1% | 53,977,345€ | -8.5% | 1,635,483€ | 3.0% | 152 | 1,136€ |
| 5 | Čelebić Petrol Trade03077268 · Zeta | 1.7% | 9,209,955€ | -7.3% | 223,381€ | 2.4% | 23 | 898€ |
| 6 | Ik Real02760509 · Podgorica | 1.7% | 9,143,826€ | +17.4% | 140,866€ | 1.5% | 15 | 752€ |
| 7 | Montenegro Bonus02384337 · Cetinje | 1.4% | 7,688,658€ | -13.3% | 30,055€ | 0.4% | 28 | 2,001€ |
| 8 | Jera Plus03208206 · Podgorica | 0.9% | 4,569,504€ | -21.5% | 69,357€ | 1.5% | 1 | 1,625€ |
| 9 | Asmira&Co03229696 · Herceg Novi | 0.9% | 4,553,218€ | +102.1% | 196,269€ | 4.3% | 5 | 1,644€ |
| 10 | Nikoz03437752 · Tuzi | 0.7% | 3,543,602€ | +227.0% | 268,583€ | 7.6% | 2 | 873€ |
| 11 | S & M02217376 · Herceg Novi | 0.6% | 3,310,873€ | +1.6% | 116,833€ | 3.5% | 7 | 3,108€ |
| 12 | Humci BS03164446 · Cetinje | 0.6% | 3,238,560€ | -15.5% | 275,084€ | 8.5% | 10 | 828€ |
| 13 | Veritas02111268 · Bijelo Polje | 0.5% | 2,622,788€ | -11.0% | 49,988€ | 1.9% | 17 | 1,370€ |
| 14 | M02290294 · Podgorica | 0.3% | 1,419,345€ | -15.0% | 89,325€ | 6.3% | 3 | 1,481€ |
| 15 | Mivis02828626 · Kotor | 0.2% | 1,327,955€ | -8.6% | 18,193€ | 1.4% | 4 | 358€ |
| 16 | TCG02376334 · Podgorica | 0.2% | 947,155€ | +10.8% | 39,570€ | 4.2% | 2 | 780€ |
| 17 | Rapax02870711 · Nikšić | 0.2% | 933,861€ | +0.1% | 128,395€ | 13.7% | 5 | 1,201€ |
| 18 | Petrol - Gas02801477 · Podgorica | 0.2% | 899,954€ | +2.4% | 10,897€ | 1.2% | 6 | 991€ |
| 19 | Novi Gas02979314 · Tuzi | 0.1% | 594,884€ | +50.9% | 7,018€ | 1.2% | 6 | 636€ |
| 20 | Montelada S & B02324369 · Nikšić | <0.1% | 470,913€ | +148.2% | 6,129€ | 1.3% | 6 | 686€ |
| 21 | Agro-Oil03158543 · Podgorica | <0.1% | 380,974€ | -35.2% | 4,305€ | 1.1% | 2 | 1,055€ |
| 22 | Inb Trade03168468 · Podgorica | <0.1% | 325,759€ | -72.7% | 7,348€ | 2.3% | 1 | 926€ |
| 23 | Montenegro-Gas02389355 · Berane | <0.1% | 228,358€ | +11.9% | -6,799€ | -3.0% | 5 | 863€ |
| 24 | Trio Trade02077078 · Nikšić | <0.1% | 189,608€ | -10.2% | 142€ | 0.1% | 2 | 1,060€ |
| 25 | M - Progres02650240 · Podgorica | <0.1% | 167,260€ | -15.3% | 6,459€ | 3.9% | 1 | 865€ |
| 26 | Ka-Oil03686639 · Podgorica | <0.1% | 147,844€ | +567.6% | -20,081€ | -13.6% | 1 | 723€ |
| 27 | M-Investing Company03633241 · Podgorica | <0.1% | 132,657€ | +214.3% | 16,700€ | 12.6% | 1 | 1,603€ |
| 28 | Trigema MN02923939 · Podgorica | <0.1% | 103,939€ | +0.3% | 1,033€ | 1.0% | 1 | 726€ |
| 29 | Ikon - Gas02366363 · Bijelo Polje | <0.1% | 44,759€ | -1.5% | 608€ | 1.4% | 2 | 797€ |
| 30 | Smart Power03275027 · Podgorica | <0.1% | 3,000€ | -66.7% | 502€ | 16.7% | 1 | — |
| 31 | Coral Montenegro03164217 · Podgorica | <0.1% | 45€ | -31.8% | -24,200€ | Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio. | 1 | 391€ |
| 32 | Avemaris Trade and Shipping03565955 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -15,715€ | — | 2 | 651€ |
| 33 | Aek Investment03135519 · Budva | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,988€ | — | 1 | 686€ |
| 34 | N&N Energy03723933 · Podgorica | 0.0% | 0€ | No filing for 2024. | -10,405€ | — | 1 | 867€ |
| 35 | Gas Mont Group03688747 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -8,816€ | — | 1 | 678€ |
| 36 | Petrol Tank02922533 · Berane | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 0€ | — | — | — |
| 37 | Temple's Glory 2.902189925 · Podgorica | 0.0% | 0€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -12,967€ | — | 1 | 675€ |