Croatian bakery industry sees rising revenues amid falling profits

The Croatian bakery industry reported total revenues of 1.08 billion euros in 2025, a 12.1 percent increase from the previous year. However, total sector net profit fell by 12.8 percent to 51.5 million euros, as expenses grew by 14.1 percent.

Major players showed varying results. Mlinar reported a significant drop in profit despite increased revenue, while Pekar Tomo in Vinkovci saw revenue rise from 58 million to 73.9 million euros. Other companies, such as Pan-pek, recorded losses, while Dubravica maintained high profitability.

Mlinar is planning expansions, including a 12 million euro investment for burek production and considering a pizza factory worth over 20 million euros, as current production capacities are nearly fully utilized.