Last year, the HEP group recorded a significant drop in revenue, which amounted to 3.65 billion euros, 21 percent less compared to the previous year.

Despite the drop in revenue, the company's net profit reached 255 million euros, which is twice as much as the previous year, writes the portal Danica.hr. However, this result is not exclusively the result of business activities, but is largely conditioned by direct state interventions that subsidized the prices of electricity, gas, and thermal energy. The total value of this support exceeds 423 million euros.

Without these state subsidies, HEP would be facing serious financial difficulties and losses. Specifically, 281.6 million euros were approved for electricity, 15.5 million for gas, and 126.3 million euros in aid for thermal energy, HEP announced. In addition, the company also has significant long-term financial obligations. The loan principal amounts to 1.5 billion euros, with the largest portion due in the next two years, with 932 million euros maturing in 2025 and 400 million euros in 2027, excluding interest.

As of December 31 last year, within the HEP group, which includes the sectors of generation, district heating, electricity distribution offices, supply, distribution, and LNG Hrvatska, a total of 11,700 workers were employed, a number similar to that of the previous year. The average net salary amounted to around 1,440 euros, which is an increase of approximately one hundred euros compared to the year before last.

HEP, as the largest energy company in Croatia, has a key role in the supply of electricity, gas, and thermal energy. Its stability and financial health have a direct impact on the country's energy security. Given global energy challenges, such as rising raw material prices and import dependence, state subsidies remain an important instrument for protecting end consumers and maintaining affordable energy prices.

The increase in annual expenses for interest and loan repayments additionally burdens HEP's operations, which may affect future investments and the modernization of energy infrastructure. Managing long-term financial obligations will be crucial for the company's stability in the coming period.

Salaries within HEP reflect the specifics of the energy sector, which requires highly qualified experts, but the company strives to maintain a balance between labor costs and competitiveness in the market. Employees play an important role in the daily functioning and delivery of services to millions of users.

The energy sector in Croatia is marked by a gradual transition to renewable energy sources, which requires additional investments and adaptation of business models. HEP is actively involved in the development of green technology projects, as part of a strategy to reduce its environmental footprint and meet European climate goals.

In the future, HEP's business results will likely be influenced by changes in the regulatory framework, market conditions, and EU energy policy, which requires the company's flexibility and adaptation to new challenges.