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Srbijagas Reports Decline in Revenue but Increased Profitability and Rising Debt

Serbia's state-owned gas company, Srbijagas, has revealed a decrease in revenue for the year 2025, albeit with a notable increase in profitability. This financial shift indicates a change in the company's financial structure rather than an enhancement in operational performance. In its latest financial disclosures, Srbijagas reported a net profit of RSD 9.78 billion (€83 million) for 2025, which marks an improvement compared to the previous year despite a significant decline in overall revenue. Total operating revenues fell to RSD…

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