Serbian State Firms Paid 600 Million Dinars Profit to State in 2025, Down from Previous Year

State-owned enterprises in Serbia collectively paid 600 million dinars in profit to the state coffers in 2025. This figure represents a substantial drop from the 1.6 billion dinars transferred in the preceding year. Despite the overall decrease, consistent top contributors to the state budget include Jugoimport SDPR, Dipos, Srbijašume, and Državna lutrija Srbije.

According to the Fiscal Strategy for 2027, out of 36 strategic enterprises majority-owned by the Republic of Serbia, which employ approximately 64,000 people, 23 concluded the year with profits and 13 with losses. The strategy highlights that some profitable companies achieved significantly higher profits than Jugoimport SDPR, which, based on Ministry of Finance records, made the largest single contribution to the budget in 2025. This suggests that not all state-owned companies distributed their profits to the state, or at least not at the mandated minimum rate of 50%.

The payment of profits and dividends by state-owned enterprises is categorized as non-tax revenue. The Fiscal Strategy explains that the budget's income from these sources depends on the companies' business performance. While regular profit and dividend payments are standard non-tax revenues, distributions from undistributed profits are considered one-off income and not a sustainable revenue stream.

Companies founded by or with state ownership are obligated to pay at least 50% of their proportional profit share to the state budget by November 30th each year. Exceptions can be made with government approval if a company decides to cover losses, increase capital, or use profits for investments. In 2025, these payments constituted only 0.2% of the Republic's non-tax budget revenue, a decrease from 0.6% in 2024. Jugoimport and Srbijašume were the dominant contributors, accounting for 0.2 billion and 0.1 billion dinars respectively.