In Croatia, oil pipeline operator JANAF recorded a 5.7% year-on-year increase in net profit to €35.2 million in the first nine months of 2026, as crude transportation revenue from international customers grew.
Total revenue climbed 6.2% to €102.4 million. The company’s core oil transportation and storage activities brought in €96.6 million, around 4.8% above plan.
International customers contributed €68.3 million, or 70.7% of core revenue. Revenue from foreign markets was up 10.2% from the same period in 2025 and exceeded the company’s plan by 5.2%.
Higher costs offset by international transport growth
Domestic revenue amounted to €28.3 million. Operating expenses rose 6.1% to €59.2 million, driven by higher staff, material and electricity costs.
Growth in JANAF’s international transport business offset the higher cost base and increased profitability.
