Energy, water & waste companies in Montenegro ranked by revenue 2024. This 2024 ranking uses public financial statements and the published BizStats.me methodology and eligibility criteria.
Archived list for 2024, on the same criteria as the latest one. Latest list (2025)
Public financial statements processed by BizStats.me.
| # | Company | PIB | Share | |||
|---|---|---|---|---|---|---|
| 12023: rank 1 | Elektroprivreda Crne Gore Energy, water & waste · Nikšić | 02002230Income statement (PDF) | 435,774,529€ | -12.7% | 1,216 | 48.0% |
| 22023: rank 2 | Crnogorski Elektrodistributivni Sistem Energy, water & waste · Podgorica | 03099873Income statement (PDF) | 132,064,254€ | +12.9% | 1,772 | 14.6% |
| 32023: rank 3 | Crnogorski Elektroprenosni Sistem Energy, water & waste · Podgorica | 02751372Income statement (PDF) | 100,726,695€ | -9.7% | 341 | 11.1% |
| 42023: rank 4 | Krnovo Green Energy Energy, water & waste · Nikšić | 02713527Income statement (PDF) | 21,918,102€ | +2.2% | 1 | 2.4% |
| 52023: rank 5 | Terna Crna Gora Energy, water & waste · Podgorica | 02845237Income statement (PDF) | 18,347,131€ | +15.8% | 13 | 2.0% |
| 62023: rank 6 | Vodovod i Kanalizacija Energy, water & waste · Podgorica | 02015641Income statement (PDF) | 13,139,914€ | +9.5% | 552 | 1.4% |
| 72023: rank 9 | Centar za Reciklažu Energy, water & waste · Nikšić | 02635879Income statement (PDF) | 13,004,477€ | +30.8% | 39 | 1.4% |
| 82023: rank 7 | Mozura Wind Park Energy, water & waste · Podgorica | 02724391Income statement (PDF) | 11,406,073€ | -3.1% | 3 | 1.3% |
| 92023: rank 12 | Regionalni Vodovod Crnogorsko Primorje Energy, water & waste · Budva | 02090198Income statement (PDF) | 9,027,580€ | +12.0% | 80 | 1.0% |
| 102023: rank 10 | Čistoća Energy, water & waste · Podgorica | 02407493Income statement (PDF) | 8,726,275€ | +4.4% | 644 | 1.0% |
| 112023: rank 14 | Komunalne Djelatnosti Energy, water & waste · Bar | 02002752Income statement (PDF) | 8,629,882€ | +29.7% | 327 | 1.0% |
| 122023: rank 11 | Vodovod i Kanalizacija Energy, water & waste · Budva | 02005573Income statement (PDF) | 8,196,366€ | -1.2% | 242 | 0.9% |
| 132023: rank 15 | Deponija Energy, water & waste · Podgorica | 02653907Income statement (PDF) | 7,921,680€ | +26.7% | 210 | 0.9% |
| 142023: rank 17 | Vodovod i Kanalizacija Energy, water & waste · Bar | 02054779Income statement (PDF) | 6,215,164€ | +19.0% | 175 | 0.7% |
| 152023: rank 16 | Vodovod i Kanalizacija Energy, water & waste · Herceg Novi | 02293196Income statement (PDF) | 6,168,165€ | +5.0% | 168 | 0.7% |
| 162023: rank 20 | Komunalno Kotor Energy, water & waste · Kotor | 02013274Income statement (PDF) | 5,990,771€ | +23.2% | 205 | 0.7% |
| 172023: rank 33 | Sam Water Engineering Energy, water & waste · Herceg Novi | 03480712Income statement (PDF) | 5,629,679€ | +145.4% | 4 | 0.6% |
| 182023: rank 22 | Čistoća Energy, water & waste · Herceg Novi | 02293200Income statement (PDF) | 5,233,847€ | +33.8% | 179 | 0.6% |
| 192023: rank 8 | Simes Inženjering Energy, water & waste · Podgorica | 02319977Income statement (PDF) | 5,029,466€ | -49.5% | 41 | 0.6% |
| 202023: rank 18 | Vodovod i Kanalizacija Energy, water & waste · Nikšić | 02033143Income statement (PDF) | 4,850,631€ | -4.7% | 191 | 0.5% |
| 212023: rank 23 | Komunalno Energy, water & waste · Nikšić | 02000857Income statement (PDF) | 4,206,480€ | +14.2% | 158 | 0.5% |
| 222023: rank 24 | Komunalno Energy, water & waste · Tivat | 02295440Income statement (PDF) | 4,105,574€ | +18.2% | 179 | 0.5% |
| 232023: rank 28 | Čistoća Energy, water & waste · Pljevlja | 02731657Income statement (PDF) | 3,956,355€ | +27.5% | 199 | 0.4% |
| 242023: rank 21 | Vodovod i Kanalizacija Kotor Energy, water & waste · Kotor | 02013312Income statement (PDF) | 3,907,063€ | -3.6% | 102 | 0.4% |
| 252023: rank 25 | Komunalne Djelatnosti Energy, water & waste · Ulcinj | 02877538Income statement (PDF) | 3,798,437€ | +14.4% | 175 | 0.4% |
| 262023: rank 27 | Vodovod i Kanalizacija Energy, water & waste · Tivat | 02295407Income statement (PDF) | 3,225,871€ | -2.3% | 61 | 0.4% |
| 272023: rank 35 | Komunalno - Lim Energy, water & waste · Bijelo Polje | 02004003Income statement (PDF) | 2,722,050€ | +20.8% | 149 | 0.3% |
| 282023: rank 19 | Ve-Ro Recycling Energy, water & waste · Podgorica | 03022404Income statement (PDF) | 2,635,558€ | -47.5% | 1 | 0.3% |
| 292023: rank 32 | PM Power Energy, water & waste · Tivat | 02790203Income statement (PDF) | 2,628,677€ | +9.6% | 4 | 0.3% |
| 302023: rank 13 | Hidroenergija Montenegro Energy, water & waste · Berane | 02665956Income statement (PDF) | 2,605,341€ | -62.8% | 8 | 0.3% |
| 312023: rank 36 | Vodovod i Kanalizacija Energy, water & waste · Ulcinj | 02877449Income statement (PDF) | 2,603,053€ | +18.1% | 118 | 0.3% |
| 322023: rank 44 | Vodovod Energy, water & waste · Pljevlja | 02343762Income statement (PDF) | 2,450,056€ | +44.0% | 117 | 0.3% |
| 332023: rank 31 | Zeta Energy Energy, water & waste · Danilovgrad | 02794624Income statement (PDF) | 2,349,586€ | -6.6% | 14 | 0.3% |
| 342023: rank 51 | Vodovod i Kanalizacija-Cetinje Energy, water & waste · Cetinje | 02029928Income statement (PDF) | 2,187,687€ | +75.2% | 64 | 0.2% |
| 352023: rank 30 | Small Hydro Power Plant Mojanska Energy, water & waste · Andrijevica | 02999153Income statement (PDF) | 2,129,259€ | -16.3% | 9 | 0.2% |
| 362023: rank 29 | Kronor Energy, water & waste · Podgorica | 02737752Income statement (PDF) | 2,035,607€ | -23.2% | 17 | 0.2% |
| 372023: rank 38 | Hemosan Energy, water & waste · Bar | 02160102Income statement (PDF) | 1,995,144€ | -1.6% | 32 | 0.2% |
| 382023: rank 61 | Portonovi Electricity Distribution Company Energy, water & waste · Herceg Novi | 03121585Income statement (PDF) | 1,926,497€ | +101.6% | 4 | 0.2% |
| 392023: rank 43 | Možura Energy, water & waste · Bar | 02736381Income statement (PDF) | 1,921,901€ | +11.0% | 37 | 0.2% |
| 402023: rank 46 | Komunalno Energy, water & waste · Cetinje | 02004887Income statement (PDF) | 1,700,795€ | +20.3% | 77 | 0.2% |
| 412023: rank 37 | Energogas Energy, water & waste · Podgorica | 02364735Income statement (PDF) | 1,632,498€ | -25.0% | 34 | 0.2% |
| 422023: rank 62 | Komunalno i Vodovod Energy, water & waste · Žabljak | 02048221Income statement (PDF) | 1,616,615€ | +82.5% | 41 | 0.2% |
| 432023: rank 52 | Bistrica Energy, water & waste · Bijelo Polje | 02004011Income statement (PDF) | 1,609,739€ | +37.8% | 69 | 0.2% |
| 442023: rank 50 | Otpadne Vode Energy, water & waste · Budva | 03304388Income statement (PDF) | 1,582,855€ | +20.5% | 28 | 0.2% |
| 452023: rank 47 | Vodovod i Kanalizacija Energy, water & waste · Danilovgrad | 02877864Income statement (PDF) | 1,526,820€ | +8.1% | 67 | 0.2% |
| 46Not in the top 200 in 2023. | Moneti SS Energy, water & waste · Zeta | 03609758Income statement (PDF) | 1,489,137€ | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 3 | 0.2% |
| 472023: rank 49 | Komunalno Energy, water & waste · Berane | 02361825Income statement (PDF) | 1,441,067€ | +9.3% | 145 | 0.2% |
| 48Not in the top 200 in 2023. | Marex Technology Energy, water & waste · Podgorica | 03586324Income statement (PDF) | 1,421,950€ | No meaningful percentage: the 2023 or current value is zero, negative, unknown or unreliable. | 1 | 0.2% |
| 492023: rank 40 | Mhe Vrbnica Energy, water & waste · Podgorica | 03004856Income statement (PDF) | 1,293,214€ | -33.9% | 3 | 0.1% |
| 502023: rank 56 | Komunalno Energy, water & waste · Danilovgrad | 02875985Income statement (PDF) | 1,256,558€ | +21.9% | 38 | 0.1% |
Showing 1–50 · top 50 of 266 companies
This ranking contains 50 records for 2024, 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