Tivat Utility Company recorded pre-tax profit of 128,158 euros in 2025, eleven times the 11,597 euros it earned in 2024. Total revenue rose 23% to 5,169,106 euros, according to the income statement in the municipal service provider’s 2025 Work Report and Financial Statements.
Revenue from services sold to customers reached 2,750,879 euros, mainly from fees for collecting and removing waste. Other operating income was 1,614,851 euros, largely comprising grants from the municipal budget. The grants were primarily intended to fund the cleaning of public areas and maintenance of public lighting, green spaces, local roads and flash-flood channels in Tivat.
Operating expenses totalled 4,367,589 euros, almost 6% more than in 2024. Salaries, salary compensation and other employee costs were the largest expense, at 2.74 million euros. The company had 179 employees at the end of 2025 and engaged another 15 people during the year through the Employee Leasing Agency.
At 31 December 2025, undistributed profit stood at 399,146 euros, including profit from earlier years. The company had no account freezes during 2025 and settled due obligations on time. It reported that its actions maintained financial stability, liquidity and solvency.
Equipment and waste collection
The value of the company’s equipment increased by 852,439 euros in 2025, almost three times its investment in new equipment in 2024. It spent 88,849 euros of its own funds on new equipment and technical assets. Equipment purchases funded by the Municipality of Tivat cost 722,830 euros, almost seven times the amount spent a year earlier, while purchases funded by the Eco Fund cost 40,760 euros.
The company began gradually introducing a new waste collection and removal system in 2025 by installing its first semi-underground containers. It invested 450,000 euros in buying and installing the first ten containers and purchasing a specialist vehicle to empty them. The rollout continued in 2026 and is planned to last several more years.
During the summer tourist season, the increased volume and pace of work were planned and organised in advance. The company reported that the work was carried out despite problems identified in its report.
