The drastic decline in revenue for the Port of Ploče surprised the business community, prompting us to seek an explanation from the company’s management regarding the reasons behind it. Last year, the Group generated 30.4 million euros in revenue, which is less than a third compared to 2024. On a non-consolidated basis, the Port of Ploče earned 27.2 million euros last year, which also represents a significant decline as this revenue is also less than a third of that from 2024.
In response to our inquiries, the management emphasizes that several factors influenced the movement of traffic and revenue. Among them is the interruption of railway traffic in Bosnia and Herzegovina in the Jablanica and Konjic areas at the beginning of the fourth quarter of 2024.
During that period, the port lost one of its largest users at the time, whose transit cargo has since been redirected to other ports. Unfavorable market changes primarily relate to increased market volatility and the macroeconomic context associated with the war in Ukraine and the introduction of new trade tariffs.
– For years, the Port of Ploče has engaged in trading goods, most often coal, in addition to its core activities. However, due to the war in Ukraine, the company decided that it would not engage in trading goods until further notice, which also affected the decline in traffic. Investors were informed of this decision in March of last year. This has further focused the business on its core port activities and reduced exposure to market risks.
The overall traffic was also impacted by the bankruptcy proceedings against the company Koksara Lukavac, given the significant volumes of cargo that were transshipped for it and the revenue that this business generated. From 2023 to the first eleven months of 2025, over 1.7 million tons of bulk cargo were transshipped through the port for Koksara, generating multi-million annual revenues. All these factors contributed to the decline in traffic at the Port of Ploče, explains the company led by Hrvoje Livaja.
