Boksit, a Bosnian bauxite mining company, suggested an outstanding surge in its net profit at BAM 13.1 million or USD 7.7 million in the first nine months of 2025. During the same period last year, this surge marked a leap from BAM 603 thousand.
In the first 9 months of 2025, the firm achieved a 14 per cent year-on-year decline in total revenue to BAM 28.5 million (USD 16.8 million), as reflected in its financial report rolled out on Tuesday. Irrespective of this dip, the firm secured a strong profit balance by making a 52.9 per cent reduction in the total expenditures, bringing them down to BAM 15.3 million (USD 9.02 million) for the review period.
H1 performance at a glance
The company represented a robust performance in H1 2025, where the net profit reached BAM 4.7 million (USD 2.8 million) from just BAM 791 thousand (USD 466.5 thousand) the previous year. Achieving this turnaround was possible because of effective cost management and heightened demand for bauxite. However, the company still faced a 43.5 per cent year-on-year drop in total revenue to BAM 15 million (USD 8.85 million).
Boksit witnessed a total expenditure plummet by 59.8 per cent to BAM 10.4 million (USD 6.13 million), which is further reflected in its profit margins. The credits for this success by the firm are owed to more forward operations, enhanced production procedures and optimistic market situation.
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Loss in 2024?
In 2024, the organisation faced a net loss of BAM 6.8 million (USD 4.01 million), propelling a noticeable shift from its net profit of BAM 1.4 million (USD 826 thousand) in 2023. Baksit is majority-owned by the Bosnian real estate group Pavgord, a company that owns alumina and is the largest aluminium exporter in the country, playing a vital role in Bosnia’s industrial scene.
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