Bosnian bauxite miner Boksit reported a net profit of 4.7 million marka (USD 2.8 million / EUR 2.4 million) for the first half of 2025, a sharp turnaround from 791,013 marka in the same period last year, the company announced last week.
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The strong profit performance came despite a 43.5 per cent year-on-year fall in total revenue to 15 million marka, highlighting the impact of aggressive cost-cutting measures. Total expenses dropped by 59.8 per cent, reaching 10.4 million marka, enabling the company to operate more efficiently amid challenging market conditions.
The first-half rebound follows a tough 2024, when Boksit recorded a net loss of 6.8 million marka (USD 3.8 million/EUR 3.5 million), reversing a profit of 1.4 million marka in 2023. Last year’s revenue fell by 45 per cent to 27.7 million marka, while operating costs dropped to 34.5 million marka from 48.9 million marka a year earlier.
Bosnia and Herzegovina’s total bauxite production was approximately 700,000 metric tons in 2022, slightly down from 725,000 metric tons in 2021, according to the latest available government data.
Boksit is majority-owned by Bosnian real estate group Pavgord, which also controls Alumina, the country’s largest aluminium exporter. The company is benefiting from increased global demand for bauxite, spurred by tightening aluminium supplies, while strategically streamlining operations.
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