Energy, water & waste companies in Montenegro ranked by revenue 2022. This 2022 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2022, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12021: rank 1 | Elektroprivreda Crne Gore Energy, water & waste · Nikšić | 02002230Income statement (PDF) | 526,775,643€ | +34.4% | 1,109 | 53.4% |
| 22021: rank 2 | Crnogorski Elektrodistributivni Sistem Energy, water & waste · Podgorica | 03099873Income statement (PDF) | 121,248,188€ | +14.6% | 1,623 | 12.3% |
| 32021: rank 3 | Crnogorski Elektroprenosni Sistem Energy, water & waste · Podgorica | 02751372Income statement (PDF) | 120,813,660€ | +56.9% | 316 | 12.3% |
| 42021: rank 4 | Krnovo Green Energy Energy, water & waste · Nikšić | 02713527Income statement (PDF) | 20,538,546€ | +8.1% | 1 | 2.1% |
| 52021: rank 5 | Terna Crna Gora Energy, water & waste · Podgorica | 02845237Income statement (PDF) | 15,090,410€ | -5.5% | 15 | 1.5% |
| 62021: rank 6 | Vodovod i Kanalizacija Energy, water & waste · Podgorica | 02015641Income statement (PDF) | 13,949,786€ | -4.0% | 578 | 1.4% |
| 72021: rank 7 | Mozura Wind Park Energy, water & waste · Podgorica | 02724391Income statement (PDF) | 12,703,515€ | +2.2% | 3 | 1.3% |
| 82021: rank 10 | Simes Inženjering Energy, water & waste · Podgorica | 02319977Income statement (PDF) | 11,679,624€ | +34.1% | 44 | 1.2% |
| 92021: rank 9 | Čistoća Energy, water & waste · Podgorica | 02407493Income statement (PDF) | 8,323,602€ | -5.2% | 568 | 0.8% |
| 102021: rank 12 | Vodovod i Kanalizacija Energy, water & waste · Budva | 02005573Income statement (PDF) | 7,840,025€ | +13.0% | 236 | 0.8% |
| 112021: rank 13 | Regionalni Vodovod Crnogorsko Primorje Energy, water & waste · Budva | 02090198Income statement (PDF) | 7,734,426€ | +24.7% | 79 | 0.8% |
| 122021: rank 8 | Centar za Reciklažu Energy, water & waste · Nikšić | 02635879Income statement (PDF) | 7,552,704€ | -33.3% | 39 | 0.8% |
| 132021: rank 19 | Komunalno Energy, water & waste · Budva | 02005719Income statement (PDF) | 6,274,173€ | +28.7% | 171 | 0.6% |
| 142021: rank 15 | Deponija Energy, water & waste · Podgorica | 02653907Income statement (PDF) | 6,163,395€ | +4.6% | 173 | 0.6% |
| 152021: rank 17 | Komunalne Djelatnosti Energy, water & waste · Bar | 02002752Income statement (PDF) | 5,426,071€ | +7.3% | 316 | 0.6% |
| 162021: rank 18 | Vodovod i Kanalizacija Energy, water & waste · Herceg Novi | 02293196Income statement (PDF) | 5,339,576€ | +6.9% | 164 | 0.5% |
| 172021: rank 14 | Vodovod i Kanalizacija Energy, water & waste · Bar | 02054779Income statement (PDF) | 5,264,991€ | -12.3% | 173 | 0.5% |
| 182021: rank 11 | Hemosan Energy, water & waste · Bar | 02160102Income statement (PDF) | 4,532,978€ | -39.9% | 37 | 0.5% |
| 192021: rank 21 | Ve-Ro Recycling Energy, water & waste · Podgorica | 03022404Income statement (PDF) | 4,355,170€ | +0.5% | 1 | 0.4% |
| 202021: rank 25 | Vodovod i Kanalizacija Kotor Energy, water & waste · Kotor | 02013312Income statement (PDF) | 4,228,792€ | +25.7% | 97 | 0.4% |
| 212021: rank 20 | Hidroenergija Montenegro Energy, water & waste · Berane | 02665956Income statement (PDF) | 4,205,903€ | -4.3% | 7 | 0.4% |
| 222021: rank 23 | Komunalno Kotor Energy, water & waste · Kotor | 02013274Income statement (PDF) | 4,115,029€ | +12.9% | 160 | 0.4% |
| 232021: rank 22 | Vodovod i Kanalizacija Energy, water & waste · Nikšić | 02033143Income statement (PDF) | 3,952,796€ | -3.4% | 195 | 0.4% |
| 242021: rank 24 | Vodovod i Kanalizacija Energy, water & waste · Tivat | 02295407Income statement (PDF) | 3,619,585€ | +4.0% | 62 | 0.4% |
| 252021: rank 27 | Čistoća Energy, water & waste · Herceg Novi | 02293200Income statement (PDF) | 3,439,747€ | +5.5% | 166 | 0.3% |
| 262021: rank 26 | Komunalno Energy, water & waste · Nikšić | 02000857Income statement (PDF) | 3,185,868€ | -4.2% | 167 | 0.3% |
| 272021: rank 28 | Komunalno Energy, water & waste · Tivat | 02295440Income statement (PDF) | 3,075,230€ | +15.3% | 165 | 0.3% |
| 282021: rank 29 | Komunalne Djelatnosti Energy, water & waste · Ulcinj | 02877538Income statement (PDF) | 3,039,342€ | +16.3% | 158 | 0.3% |
| 292021: rank 31 | Čistoća Energy, water & waste · Pljevlja | 02731657Income statement (PDF) | 2,814,896€ | +19.0% | 172 | 0.3% |
| 302021: rank 30 | PD-33 Energy, water & waste · Podgorica | 03078884Income statement (PDF) | 2,759,185€ | +12.3% | 5 | 0.3% |
| 312021: rank 62 | Energogas Energy, water & waste · Podgorica | 02364735Income statement (PDF) | 2,397,941€ | +301.3% | 41 | 0.2% |
| 322021: rank 34 | Komunalno - Lim Energy, water & waste · Bijelo Polje | 02004003Income statement (PDF) | 2,361,166€ | +12.0% | 138 | 0.2% |
| 332021: rank 32 | Vodovod i Kanalizacija Energy, water & waste · Ulcinj | 02877449Income statement (PDF) | 2,286,946€ | -3.0% | 119 | 0.2% |
| 342021: rank 33 | PM Power Energy, water & waste · Tivat | 02790203Income statement (PDF) | 2,232,569€ | -4.6% | 4 | 0.2% |
| 352021: rank 35 | Kronor Energy, water & waste · Podgorica | 02737752Income statement (PDF) | 2,154,459€ | +12.4% | 19 | 0.2% |
| 362021: rank 64 | Zeta Energy Energy, water & waste · Danilovgrad | 02794624Income statement (PDF) | 2,146,988€ | +300.0% | 18 | 0.2% |
| 372021: rank 36 | Vodovod Energy, water & waste · Pljevlja | 02343762Income statement (PDF) | 1,946,764€ | +4.1% | 115 | 0.2% |
| 382021: rank 37 | Small Hydro Power Plant Mojanska Energy, water & waste · Andrijevica | 02999153Income statement (PDF) | 1,770,447€ | +5.7% | 6 | 0.2% |
| 392021: rank 39 | Možura Energy, water & waste · Bar | 02736381Income statement (PDF) | 1,599,047€ | +1.9% | 27 | 0.2% |
| 402021: rank 38 | Komunalno Energy, water & waste · Cetinje | 02004887Income statement (PDF) | 1,591,909€ | -0.7% | 67 | 0.2% |
| 412021: rank 41 | Vodovod i Kanalizacija Energy, water & waste · Danilovgrad | 02877864Income statement (PDF) | 1,502,816€ | +1.2% | 69 | 0.2% |
| 422021: rank 51 | Kappa Star Recycling Montenegro Energy, water & waste · Nikšić | 03102882Income statement (PDF) | 1,380,170€ | +69.8% | 4 | 0.1% |
| 432021: rank 42 | Mhe Vrbnica Energy, water & waste · Podgorica | 03004856Income statement (PDF) | 1,280,432€ | -5.4% | 1 | 0.1% |
| 442021: rank 44 | Komunalno Energy, water & waste · Berane | 02361825Income statement (PDF) | 1,278,799€ | +0.7% | 140 | 0.1% |
| 452021: rank 40 | Vodovod i Kanalizacija-Cetinje Energy, water & waste · Cetinje | 02029928Income statement (PDF) | 1,187,759€ | -23.6% | 65 | 0.1% |
| 462021: rank 45 | Bistrica Energy, water & waste · Bijelo Polje | 02004011Income statement (PDF) | 1,178,460€ | -6.2% | 69 | 0.1% |
| 472021: rank 46 | Hydro Bistrica Energy, water & waste · Podgorica | 02998513Income statement (PDF) | 1,170,781€ | +6.7% | 8 | 0.1% |
| 482021: rank 81 | Dekar Energy Energy, water & waste · Podgorica | 02868679Income statement (PDF) | 1,150,308€ | +280.2% | 1 | 0.1% |
| 492021: rank 77 | WSSW Group Energy, water & waste · Bar | 03341933Income statement (PDF) | 1,086,895€ | +211.6% | 1 | 0.1% |
| 502021: rank 16 | Valgo Energy, water & waste · Podgorica | 03139263Income statement (PDF) | 1,010,417€ | -81.8% | 1 | 0.1% |
Showing 1–50 · top 50 of 229 companies
This ranking contains 50 records for 2022, ordered by revenue after applying data-quality eligibility rules.
The leading record is ELEKTROPRIVREDA CRNE GORE AD-NIKŠIĆ; placement is determined by revenue, never by payment.
The source, coverage, minimum thresholds and ranking rules are documented in the public methodology. Methodology