Naftna Industrija Srbije a.d. (BELEX:NIIS)

BELEX:NIIS Revenue

Naftna Industrija Srbije a.d. had revenue of 125.85B RSD in the quarter ending September 30, 2026, with 50.06% growth. This brings the company's total for the last twelve months to 358.01B, up 7.47% year-over-year. In the year 2025, Naftna Industrija Srbije a.d. had annual revenue of 290.12B, down -28.90%. That makes Naftna Industrija Srbije a.d. the 3,516th largest company in the world by revenue and the largest by revenue in Serbia.

• Revenue (ttm): 358.01B RSD
• Revenue Growth: +7.47%
• P/S Ratio: 0.33
• Revenue / Employee: 26.51M RSD
• Employees: 13,504
• Market Cap: 999.55M EUR

Revenue Chart

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* This company reports financials in RSD.

Revenue by Segment

By Segment

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• DWS - Downstream 382.50B 82.2%
• Upstream 60.42B 13.0%
• DWS - Petrochemical 22.53B 4.8%

By Geography

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• Serbia 317.88B 77.9%
• Bosnia and Herzegovina 32.74B 8.0%
• Other Export and International Sales 24.58B 6.0%
• Other Markets 19.52B 4.8%
• Bulgaria 8.02B 2.0%
• Romania 5.33B 1.3%

Fiscal year ended Dec 31, 2024 See the full BELEX:NIIS breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	290.12B	-117.94B	-28.90%
Dec 31, 2024	408.07B	-4.08B	-0.99%
Dec 31, 2023	412.15B	-101.54B	-19.77%
Dec 31, 2022	513.69B	218.52B	74.04%
Dec 31, 2021	295.16B	111.67B	60.86%

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Revenue data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 5, 2026

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