Link: https://www.ictbusiness.info / poslovanje / ebit-otkriva-najprofitabilnije-softverase
EBIT otkriva najprofitabilnije softveraše
Analiza top 100 najboljih tvrtki prema metrici EBIT za 2025. godinu pokazuje kako se u hrvatskom ICT sektoru formira sve jasnija skupina operativno najuspješnijih kompanija. Riječ je o tvrtkama koje ne ostvaruju samo visoke prihode, nego nakon troškova osnovnog poslovanja uspijevaju zadržati značajnu operativnu dobit. Analiza je napravljena prema podacima Financijske agencije za 2025. godinu, odnosno Fina Info.BIZ za ICTbusiness Media – ICTbusiness.info, a u fokusu je predstavljanje najboljih TOP 100 tvrtki iz tablica prema analizi tvrtki.
Na samom vrhu nalazi se Nexi Croatia s EBIT-om od 42,38 milijuna eura, što je i nakon pada u odnosu na 2024. godinu zadržava daleko ispred ostatka tržišta. U petogodišnjem razdoblju ta je kompanija povećala EBIT za više od devet puta, uz CAGR od 78,13 posto, što pokazuje iznimno snažnu profitabilnu ekspanziju. Drugo mjesto drži Ericsson Nikola Tesla s 20,62 milijuna eura EBIT-a, ali uz pad od 29,51 posto u odnosu na prethodnu godinu. Treći je Aircash s 19,80 milijuna eura i nastavkom rasta, što ga potvrđuje kao jednog od najvažnijih fintech igrača u domaćem ICT okruženju.
Posebno se ističe KING ICT, koji je EBIT povećao na 18,42 milijuna eura, uz godišnji rast od 134,29 posto. Time se pozicionirao odmah iza financijsko-tehnoloških i infrastrukturnih lidera te potvrdio važnost velikih integratorskih projekata, javnog sektora, sigurnosti i poslovnih informacijskih sustava. IN2 je peti s 12,95 milijuna eura, uz stabilan rast i petogodišnje povećanje EBIT-a od 128,48 posto. Forma vodeće petorke pokazuje da se najveća operativna dobit u 2025. koncentrira u kombinaciji platnih usluga, telekomunikacijsko-tehnoloških rješenja, sistemske integracije i poslovnog softvera.
Sredina ljestvice otkriva drugu važnu sliku tržišta: profitabilnost više nije rezervirana samo za najveće sustave. Sofa IT, Alma Career Croatia, COMBIS, Intesa Sanpaolo International Value Services i SPAN nalaze se među prvih deset, ali s vrlo različitim putanjama. SPAN je u 2025. skočio za 253,61 posto u odnosu na 2024., dok Alma Career bilježi blagi pad, ali ostaje među kompanijama s visokim EBIT-om. COMBIS raste stabilnije, dok Intesa Sanpaolo International Value Services pokazuje oporavak i nastavak jačanja nakon negativne baze iz 2021. godine.
U skupini od 11. do 30. mjesta vidi se snaga specijaliziranih softverskih, platnih, gaming i infrastrukturnih tvrtki. Global Payments Software & Services, Libusoft Cicom, Infobip, Elektronički računi, Pine Studio, Mono, PHOBS, Microsoft Hrvatska i MM Games pokazuju koliko je širok raspon poslovnih modela koji stvaraju visoku operativnu dobit. U toj skupini osobito su zanimljivi Pine Studio i MM Games, koji dolaze iz segmenta digitalnih proizvoda i igara, ali s volatilnijim kretanjima EBIT-a. MM Games je nakon iznimno visokog EBIT-a u 2024. pao 78,49 posto u 2025., no i dalje ostaje među prvih dvadeset.
Rast i pad EBIT-a u drugoj tablici dodatno pokazuju da nominalni poredak nije jedina mjera dinamike tržišta. DICE Digital Innovation Center, Abysalto, Flabbergast, Axion Solutions, LEMAX i NOTUS IT ostvaruju vrlo visoke stope rasta, dijelom i zbog niže početne baze. Takvi skokovi treba čitati oprezno, ali oni upućuju na pojavu novih profitnih niša, posebno u razvoju softvera, digitalnim uslugama, automatizaciji, podatkovnim rješenjima i specijaliziranim B2B platformama. Istodobno, padovi kod dijela velikih tvrtki ne znače nužno slabljenje poslovanja, nego mogu odražavati projektne cikluse, investicije, promjene ugovora ili ranije iznimno visoku bazu.
Među tvrtkama koje su važan indikator zrelosti tržišta nalaze se APIS IT, ASEE Solutions, Endava, Croz, Infinum, Serengeti, Neos, ReversingLabs, Eviden Global Delivery Center i mnoge druge. One pokazuju da hrvatsko ICT tržište nije jednodimenzionalno: dio tvrtki radi za domaće velike korisnike, dio za javni sektor, dio za financijsku industriju, a dio je izravno vezan uz globalne razvojne i sigurnosne lance vrijednosti. Upravo zato TOP 100 prema EBIT-u treba promatrati kao presjek operativne učinkovitosti, tržišne pozicije, projektne strukture i sposobnosti monetizacije znanja.
Važno je i da je donji dio ljestvice iznad praga od 900 tisuća eura EBIT-a, što znači da se među sto najboljih nalazi velik broj tvrtki koje su već dosegnule ozbiljnu operativnu profitabilnost. To pokazuje širenje baze uspješnih ICT kompanija, a ne samo dominaciju nekoliko najvećih imena. Kad se promatra razdoblje od 2021. do 2025., najjači signal nije samo rast pojedinih lidera, nego činjenica da se profitabilnost pojavljuje u sve većem broju nišnih tvrtki, od cyber sigurnosti i poslovnog softvera do platnih servisa, razvoja mobilnih aplikacija i digitalnih platformi.
Analiza je rađena prema raspodjeli tvrtki prema pretežitom NKD-u odnosno grupiranju u kojem softver obuhvaća NKD 58.21, 58.29, 62.01, 62.02, 62.03, 62.09 i 63.11; računala obuhvaćaju NKD 26.20, 46.51, 47.41, 95.11 i povezane djelatnosti trgovine, proizvodnje i servisa računalne opreme; telekomi i komunikacija obuhvaćaju NKD 61.10, 61.20, 61.30, 61.90 i povezane komunikacijske djelatnosti.
TOP 100 TVRTKI PREMA METRICI EBIT 2025.
|
Rang |
Naziv |
EBIT 2021 |
EBIT 2022 |
EBIT 2023 |
EBIT 2024 |
EBIT 2025 |
|
1 |
Nexi Croatia |
4.209.672,17 € |
7.485.337,45 € |
26.338.377,00 € |
46.906.472,00 € |
42.381.899,00 € |
|
2 |
ERICSSON NIKOLA TESLA |
14.671.716,90 € |
19.232.065,57 € |
20.574.868,00 € |
29.260.272,00 € |
20.624.373,00 € |
|
3 |
AIRCASH |
4.744.869,60 € |
8.550.441,70 € |
11.488.397,00 € |
13.604.415,00 € |
19.799.657,00 € |
|
4 |
KING ICT |
6.917.336,25 € |
7.438.450,86 € |
8.389.501,00 € |
7.863.526,00 € |
18.423.330,00 € |
|
5 |
IN2 |
5.669.439,78 € |
5.728.408,52 € |
7.163.583,00 € |
11.837.943,00 € |
12.953.791,00 € |
|
6 |
Sofa IT |
4.657.230,74 € |
4.832.484,57 € |
4.978.218,00 € |
4.030.067,00 € |
6.955.766,00 € |
|
7 |
Alma Career Croatia |
3.900.124,49 € |
5.854.949,23 € |
7.237.652,00 € |
6.973.340,00 € |
6.475.507,00 € |
|
8 |
COMBIS |
3.961.764,42 € |
4.026.223,11 € |
4.359.722,00 € |
5.577.381,00 € |
6.318.054,00 € |
|
9 |
INTESA SANPAOLO INTERNATIONAL VALUE SERVICES |
-1.666.859,51 € |
1.674.630,70 € |
4.114.345,00 € |
5.182.490,00 € |
5.772.971,00 € |
|
10 |
SPAN |
2.988.034,77 € |
5.800.522,13 € |
1.036.045,00 € |
1.568.959,00 € |
5.548.025,00 € |
|
11 |
CompING |
1.752.845,44 € |
3.115.232,60 € |
3.335.609,00 € |
3.325.187,00 € |
5.510.150,00 € |
|
12 |
Global Payments Software & Services |
1.068.737,28 € |
1.543.587,23 € |
1.980.554,00 € |
3.429.692,00 € |
5.288.500,00 € |
|
13 |
LIBUSOFT CICOM |
1.232.618,75 € |
1.787.234,59 € |
2.195.805,00 € |
3.872.635,00 € |
5.207.734,00 € |
|
14 |
INFOBIP |
1.714.814,52 € |
661.702,83 € |
-481.285,00 € |
7.205.810,00 € |
5.147.285,00 € |
|
15 |
ELEKTRONIČKI RAČUNI |
1.597.578,87 € |
1.499.072,53 € |
1.559.963,00 € |
1.819.307,00 € |
4.747.972,00 € |
|
16 |
PINE STUDIO |
805.090,98 € |
6.899.997,35 € |
3.326.083,00 € |
2.610.763,00 € |
4.648.691,00 € |
|
17 |
MONO |
2.729.600,77 € |
3.504.190,19 € |
4.292.738,00 € |
4.437.898,00 € |
4.634.540,00 € |
|
18 |
PHOBS |
2.312.647,29 € |
3.370.483,11 € |
4.004.638,00 € |
4.185.030,00 € |
4.609.227,00 € |
|
19 |
MICROSOFT HRVATSKA |
2.602.402,95 € |
2.483.972,00 € |
3.410.680,00 € |
3.153.288,00 € |
4.471.737,00 € |
|
20 |
MM Games |
718.247,13 € |
1.590.034,91 € |
5.732.822,00 € |
20.569.959,00 € |
4.425.075,00 € |
|
21 |
DICE Digital Innovation Center |
410.655,39 € |
526.915,65 € |
644.046,00 € |
241.774,00 € |
3.986.329,00 € |
|
22 |
APIS IT |
8.190.930,52 € |
7.093.745,30 € |
11.223.723,00 € |
14.331.467,00 € |
3.972.493,00 € |
|
23 |
Super Technologies |
2.805.245,07 € |
3.692.112,95 € |
1.711.590,00 € |
2.259.290,00 € |
3.640.328,00 € |
|
24 |
FLABBERGAST |
529.866,75 € |
1.326.452,58 € |
1.547.843,00 € |
2.124.337,00 € |
3.384.719,00 € |
|
25 |
ASEE SOLUTIONS |
3.371.543,43 € |
2.156.413,70 € |
2.347.813,00 € |
3.228.342,00 € |
3.368.191,00 € |
|
26 |
INTRALOT Adriatic |
474.434,27 € |
2.602.105,12 € |
3.424.842,00 € |
3.145.452,00 € |
3.075.241,00 € |
|
27 |
VIP-DATA |
633.610,86 € |
2.325.589,75 € |
6.714.082,00 € |
6.875.345,00 € |
2.866.072,00 € |
|
28 |
ENDAVA |
3.439.423,72 € |
6.880.428,69 € |
4.754.965,00 € |
3.033.723,00 € |
2.674.183,00 € |
|
29 |
INGEMARK |
1.258.216,60 € |
905.697,26 € |
939.241,00 € |
2.139.370,00 € |
2.631.931,00 € |
|
30 |
Abysalto |
3.043,60 € |
-462.711,26 € |
-723.947,00 € |
70.204,00 € |
2.533.687,00 € |
|
31 |
EFT-Usluge |
12.559.691,55 € |
20.068.377,99 € |
2.225.576,00 € |
2.508.432,00 € |
2.482.309,00 € |
|
32 |
Barrage |
1.121.219,59 € |
1.060.912,73 € |
91.609,00 € |
1.059.143,00 € |
2.377.446,00 € |
|
33 |
Microblink |
-1.299.799,99 € |
-9.322.789,30 € |
-5.502.298,00 € |
7.328.866,00 € |
2.313.520,00 € |
|
34 |
Ignit Group |
0,00 € |
477.487,56 € |
1.231.985,00 € |
1.989.712,00 € |
2.270.712,00 € |
|
35 |
IGEA |
1.351.878,03 € |
1.455.677,48 € |
1.709.637,00 € |
2.045.830,00 € |
2.238.277,00 € |
|
36 |
ERSTE GROUP CARD PROCESSOR |
1.711.161,99 € |
2.156.325,70 € |
1.975.499,00 € |
2.101.072,00 € |
2.237.790,00 € |
|
37 |
GDi Technology Platforms |
909.820,96 € |
920.165,24 € |
1.628.745,00 € |
1.192.886,00 € |
2.200.076,00 € |
|
38 |
INFIGO IS |
1.125.477,07 € |
1.631.205,26 € |
2.431.007,00 € |
1.773.448,00 € |
2.115.888,00 € |
|
39 |
zero digital |
2.435.979,16 € |
1.715.575,55 € |
3.258.366,00 € |
3.012.021,00 € |
2.112.646,00 € |
|
40 |
Amazon Development Center Zagreb |
0,00 € |
273.895,81 € |
413.562,00 € |
490.381,00 € |
2.096.662,00 € |
|
41 |
DABAR INFORMATIKA, , |
487.739,60 € |
845.812,73 € |
1.176.430,00 € |
1.815.310,00 € |
2.043.102,00 € |
|
42 |
Google Hrvatska |
220.036,76 € |
264.833,76 € |
2.164.615,00 € |
2.478.100,00 € |
1.977.514,00 € |
|
43 |
iStyle |
1.013.623,07 € |
1.249.688,50 € |
1.375.222,00 € |
1.809.606,00 € |
1.932.839,00 € |
|
44 |
Notch Software Solutions |
411.730,71 € |
1.322.110,96 € |
1.620.115,00 € |
2.267.119,00 € |
1.858.566,00 € |
|
45 |
KONČAR - Digital |
1.979,03 € |
234.069,02 € |
192.059,00 € |
-2.693.636,00 € |
1.858.439,00 € |
|
46 |
mStart plus |
-877.972,00 € |
1.305.927,67 € |
2.730.003,00 € |
1.670.311,00 € |
1.790.814,00 € |
|
47 |
CROZ |
4.229.240,69 € |
4.551.158,40 € |
4.068.883,00 € |
5.032.511,00 € |
1.725.245,00 € |
|
48 |
DEVOT SOLUTIONS |
1.091.553,92 € |
4.190.502,62 € |
1.911.497,00 € |
406.975,00 € |
1.725.008,00 € |
|
49 |
PUPILLA |
324.393,66 € |
1.072.983,08 € |
967.305,00 € |
640.496,00 € |
1.712.937,00 € |
|
50 |
Visage Technologies |
671.996,15 € |
967.532,55 € |
1.279.652,00 € |
1.285.882,00 € |
1.708.527,00 € |
|
51 |
SMARTIS |
-3.656,38 € |
41.375,67 € |
492.550,00 € |
784.736,00 € |
1.706.907,00 € |
|
52 |
AVOLA SOLUTIONS |
868.169,89 € |
1.007.814,59 € |
1.119.919,00 € |
1.697.025,00 € |
1.686.588,00 € |
|
53 |
MIREO |
789.531,22 € |
1.478.131,66 € |
1.216.575,00 € |
852.056,00 € |
1.672.431,00 € |
|
54 |
DECODE HQ |
507.244,54 € |
754.262,53 € |
537.025,00 € |
1.113.198,00 € |
1.665.546,00 € |
|
55 |
PROTOTYP |
446.767,67 € |
575.573,16 € |
696.580,00 € |
667.238,00 € |
1.609.351,00 € |
|
56 |
C.M.G.C. |
992.493,60 € |
-283.538,79 € |
-560.820,00 € |
825.831,00 € |
1.571.008,00 € |
|
57 |
BIND TECHNOLOGIES |
0,00 € |
0,00 € |
246.077,00 € |
98.629,00 € |
1.497.522,00 € |
|
58 |
KROBEL PROMET |
755.869,67 € |
1.186.120,38 € |
1.086.195,00 € |
1.355.294,00 € |
1.483.045,00 € |
|
59 |
PRO4SEC |
452.586,63 € |
538.034,11 € |
1.182.249,00 € |
1.310.503,00 € |
1.403.399,00 € |
|
60 |
INFINUM |
3.002.486,30 € |
2.776.553,06 € |
3.672.024,00 € |
2.641.306,00 € |
1.340.773,00 € |
|
61 |
EPAM Systems |
-26.059,86 € |
677.525,78 € |
1.375.527,00 € |
1.069.083,00 € |
1.308.576,00 € |
|
62 |
ARBONA |
632.603,89 € |
1.048.834,69 € |
909.971,00 € |
1.216.296,00 € |
1.307.177,00 € |
|
63 |
Marlink Cyber |
1.694.404,54 € |
2.764.134,98 € |
1.790.371,00 € |
1.872.132,00 € |
1.295.877,00 € |
|
64 |
RIS |
516.943,92 € |
828.261,46 € |
585.120,00 € |
902.977,00 € |
1.281.448,00 € |
|
65 |
404 |
1.175.649,08 € |
955.784,59 € |
1.345.170,00 € |
1.190.220,00 € |
1.270.091,00 € |
|
66 |
MULTICOM |
1.640.497,05 € |
1.172.740,33 € |
708.215,00 € |
834.784,00 € |
1.250.057,00 € |
|
67 |
Data Target |
550.207,58 € |
616.110,03 € |
800.226,00 € |
1.083.380,00 € |
1.224.801,00 € |
|
68 |
DUPLICO |
819.072,80 € |
878.007,17 € |
1.129.338,00 € |
1.623.684,00 € |
1.221.324,00 € |
|
69 |
dSPACE engineering |
264.237,18 € |
424.802,71 € |
552.932,00 € |
1.352.736,00 € |
1.216.677,00 € |
|
70 |
LEMAX |
81.423,85 € |
453.930,59 € |
1.712.709,00 € |
1.263.599,00 € |
1.208.805,00 € |
|
71 |
JS Mastery |
0,00 € |
372.763,95 € |
988.121,00 € |
962.269,00 € |
1.204.798,00 € |
|
72 |
BULB |
475.623,07 € |
198.266,11 € |
420.292,00 € |
1.706.126,00 € |
1.196.161,00 € |
|
73 |
SENSO PROFI |
376.480,19 € |
254.903,05 € |
590.876,00 € |
427.208,00 € |
1.195.232,00 € |
|
74 |
SAP |
1.817.259,01 € |
285.914,66 € |
433.282,00 € |
317.128,00 € |
1.174.795,00 € |
|
75 |
Porsche Digital Croatia |
541.279,05 € |
1.141.138,36 € |
2.718.670,00 € |
3.197.965,00 € |
1.172.549,00 € |
|
76 |
INVENTIX, obrt za računalne djelatnosti, trgovinu i knjigovodstvo, vl. Boris Antonić, Kerestinec, Radnička ulica 7 |
137.732,03 € |
389.860,91 € |
377.310,00 € |
675.679,00 € |
1.171.657,00 € |
|
77 |
TERMINALNI POSLOVI |
2.366.417,15 € |
2.395.494,46 € |
2.129.957,00 € |
2.036.330,00 € |
1.160.562,00 € |
|
78 |
BRAIN INFORMATION TECHNOLOGIES |
249.864,62 € |
222.420,60 € |
601.532,00 € |
967.370,00 € |
1.158.051,00 € |
|
79 |
Axion Solutions |
29.626,78 € |
456.758,64 € |
707.958,00 € |
1.201.705,00 € |
1.140.895,00 € |
|
80 |
SMART NET |
1.010.871,99 € |
941.551,66 € |
990.453,00 € |
1.666.979,00 € |
1.121.867,00 € |
|
81 |
M. A. I. SOLUTIONS |
335.367,71 € |
387.938,02 € |
563.640,00 € |
926.130,00 € |
1.092.669,00 € |
|
82 |
INTELLEXI |
738.467,98 € |
971.715,18 € |
510.975,00 € |
760.775,00 € |
1.076.050,00 € |
|
83 |
VALCON CROATIA |
540.564,47 € |
1.414.324,37 € |
1.019.719,00 € |
673.032,00 € |
1.063.081,00 € |
|
84 |
The Productive Company |
-2.857,65 € |
423.877,76 € |
252.340,00 € |
366.066,00 € |
1.054.691,00 € |
|
85 |
SETCOR |
1.491.440,18 € |
621.676,55 € |
832.021,00 € |
1.004.880,00 € |
1.041.924,00 € |
|
86 |
SERENGETI |
1.168.947,91 € |
1.893.121,51 € |
1.275.253,00 € |
1.181.977,00 € |
1.019.639,00 € |
|
87 |
PLAVI TIM |
734.014,07 € |
821.257,81 € |
871.376,00 € |
968.908,00 € |
1.013.060,00 € |
|
88 |
ReversingLabs |
527.242,42 € |
620.821,02 € |
794.149,00 € |
940.178,00 € |
970.600,00 € |
|
89 |
SHAPE 404 |
607.690,89 € |
807.808,75 € |
975.769,00 € |
1.015.206,00 € |
967.872,00 € |
|
90 |
COMPARO MEDIA |
218.955,47 € |
186.104,45 € |
297.158,00 € |
434.760,00 € |
961.835,00 € |
|
91 |
NEOS |
1.116.659,37 € |
1.185.392,00 € |
2.080.132,00 € |
2.006.519,00 € |
960.603,00 € |
|
92 |
UniqCast |
224.279,91 € |
143.837,02 € |
350.348,00 € |
776.133,00 € |
949.750,00 € |
|
93 |
ButterflyMX Croatia |
0,00 € |
-18.038,22 € |
394.390,00 € |
907.143,00 € |
941.153,00 € |
|
94 |
NEXGEN |
1.214.763,42 € |
1.510.351,05 € |
1.199.205,00 € |
1.098.839,00 € |
939.024,00 € |
|
95 |
Eviden Global Delivery Center |
737.289,67 € |
1.341.191,85 € |
1.492.811,00 € |
1.202.806,00 € |
933.358,00 € |
|
96 |
Telelink Business Services |
996.170,02 € |
-946.202,00 € |
-123.963,00 € |
468.360,00 € |
925.436,00 € |
|
97 |
PROGRAM SOLUTION |
-750,95 € |
-421,39 € |
163.284,00 € |
174.456,00 € |
925.419,00 € |
|
98 |
INNOVATIO PROFICIT |
313.710,53 € |
563.214,81 € |
799.979,00 € |
793.159,00 € |
921.989,00 € |
|
99 |
NOTUS IT |
37.702,83 € |
216.545,36 € |
794.167,00 € |
861.260,00 € |
911.651,00 € |
|
100 |
MEDIA-SOFT |
605.134,91 € |
618.487,62 € |
637.270,00 € |
626.147,00 € |
911.300,00 € |
Izvor: Fina Info.BIZ
TOP 100 TVRTKI — RAST / PAD EBIT I CAGR 2021.–2025.
|
Rang |
Naziv |
2022./2021. |
2023./2022. |
2024./2023. |
2025./2024. |
Ukupno 2025./2021. |
CAGR 2021.–2025. |
|
1 |
Nexi Croatia |
77,81% |
251,87% |
78,09% |
-9,65% |
906,77% |
78,13% |
|
2 |
ERICSSON NIKOLA TESLA |
31,08% |
6,98% |
42,21% |
-29,51% |
40,57% |
8,89% |
|
3 |
AIRCASH |
80,20% |
34,36% |
18,42% |
45,54% |
317,29% |
42,93% |
|
4 |
KING ICT |
7,53% |
12,79% |
-6,27% |
134,29% |
166,34% |
27,75% |
|
5 |
IN2 |
1,04% |
25,05% |
65,25% |
9,43% |
128,48% |
22,95% |
|
6 |
Sofa IT |
3,76% |
3,02% |
-19,05% |
72,60% |
49,35% |
10,55% |
|
7 |
Alma Career Croatia |
50,12% |
23,62% |
-3,65% |
-7,14% |
66,03% |
13,51% |
|
8 |
COMBIS |
1,63% |
8,28% |
27,93% |
13,28% |
59,48% |
12,38% |
|
9 |
INTESA SANPAOLO INTERNATIONAL VALUE SERVICES |
-200,47% |
145,69% |
25,96% |
11,39% |
-446,34% |
|
|
10 |
SPAN |
94,12% |
-82,14% |
51,44% |
253,61% |
85,67% |
16,73% |
|
11 |
CompING |
77,72% |
7,07% |
-0,31% |
65,71% |
214,35% |
33,15% |
|
12 |
Global Payments Software & Services |
44,43% |
28,31% |
73,17% |
54,20% |
394,84% |
49,15% |
|
13 |
LIBUSOFT CICOM |
44,99% |
22,86% |
76,37% |
34,48% |
322,49% |
43,37% |
|
14 |
INFOBIP |
-61,41% |
-172,73% |
-1597,20% |
-28,57% |
200,17% |
31,63% |
|
15 |
ELEKTRONIČKI RAČUNI |
-6,17% |
4,06% |
16,63% |
160,98% |
197,20% |
31,30% |
|
16 |
PINE STUDIO |
757,05% |
-51,80% |
-21,51% |
78,06% |
477,41% |
55,01% |
|
17 |
MONO |
28,38% |
22,50% |
3,38% |
4,43% |
69,79% |
14,15% |
|
18 |
PHOBS |
45,74% |
18,81% |
4,50% |
10,14% |
99,31% |
18,82% |
|
19 |
MICROSOFT HRVATSKA |
-4,55% |
37,31% |
-7,55% |
41,81% |
71,83% |
14,49% |
|
20 |
MM Games |
121,38% |
260,55% |
258,81% |
-78,49% |
516,09% |
57,55% |
|
21 |
DICE Digital Innovation Center |
28,31% |
22,23% |
-62,46% |
1548,78% |
870,72% |
76,51% |
|
22 |
APIS IT |
-13,40% |
58,22% |
27,69% |
-72,28% |
-51,50% |
-16,55% |
|
23 |
Super Technologies |
31,61% |
-53,64% |
32,00% |
61,13% |
29,77% |
6,73% |
|
24 |
FLABBERGAST |
150,34% |
16,69% |
37,24% |
59,33% |
538,79% |
58,98% |
|
25 |
ASEE SOLUTIONS |
-36,04% |
8,88% |
37,50% |
4,33% |
-0,10% |
-0,02% |
|
26 |
INTRALOT Adriatic |
448,46% |
31,62% |
-8,16% |
-2,23% |
548,19% |
59,56% |
|
27 |
VIP-DATA |
267,04% |
188,70% |
2,40% |
-58,31% |
352,34% |
45,84% |
|
28 |
ENDAVA |
100,05% |
-30,89% |
-36,20% |
-11,85% |
-22,25% |
-6,10% |
|
29 |
INGEMARK |
-28,02% |
3,70% |
127,78% |
23,02% |
109,18% |
20,26% |
|
30 |
Abysalto |
-15302,76% |
56,46% |
-109,70% |
3509,04% |
83146,40% |
437,14% |
|
31 |
EFT-Usluge |
59,78% |
-88,91% |
12,71% |
-1,04% |
-80,24% |
-33,32% |
|
32 |
Barrage |
-5,38% |
-91,37% |
1056,16% |
124,47% |
112,04% |
20,67% |
|
33 |
Microblink |
617,25% |
-40,98% |
-233,20% |
-68,43% |
-277,99% |
|
|
34 |
Ignit Group |
|
158,01% |
61,50% |
14,12% |
|
|
|
35 |
IGEA |
7,68% |
17,45% |
19,66% |
9,41% |
65,57% |
13,43% |
|
36 |
ERSTE GROUP CARD PROCESSOR |
26,02% |
-8,39% |
6,36% |
6,51% |
30,78% |
6,94% |
|
37 |
GDi Technology Platforms |
1,14% |
77,01% |
-26,76% |
84,43% |
141,81% |
24,70% |
|
38 |
INFIGO IS |
44,93% |
49,03% |
-27,05% |
19,31% |
88,00% |
17,10% |
|
39 |
zero digital |
-29,57% |
89,93% |
-7,56% |
-29,86% |
-13,27% |
-3,50% |
|
40 |
Amazon Development Center Zagreb |
|
50,99% |
18,57% |
327,56% |
|
|
|
41 |
DABAR INFORMATIKA, , |
73,41% |
39,09% |
54,31% |
12,55% |
318,89% |
43,06% |
|
42 |
Google Hrvatska |
20,36% |
717,35% |
14,48% |
-20,20% |
798,72% |
73,14% |
|
43 |
iStyle |
23,29% |
10,05% |
31,59% |
6,81% |
90,69% |
17,51% |
|
44 |
Notch Software Solutions |
221,11% |
22,54% |
39,94% |
-18,02% |
351,40% |
45,76% |
|
45 |
KONČAR - Digital |
11727,46% |
-17,95% |
-1502,50% |
-168,99% |
93806,57% |
453,57% |
|
46 |
mStart plus |
-248,74% |
109,05% |
-38,82% |
7,21% |
-303,97% |
|
|
47 |
CROZ |
7,61% |
-10,60% |
23,68% |
-65,72% |
-59,21% |
-20,08% |
|
48 |
DEVOT SOLUTIONS |
283,90% |
-54,39% |
-78,71% |
323,86% |
58,03% |
12,12% |
|
49 |
PUPILLA |
230,77% |
-9,85% |
-33,79% |
167,44% |
428,04% |
51,59% |
|
50 |
Visage Technologies |
43,98% |
32,26% |
0,49% |
32,87% |
154,25% |
26,27% |
|
51 |
SMARTIS |
-1231,60% |
1090,43% |
59,32% |
117,51% |
-46782,97% |
|
|
52 |
AVOLA SOLUTIONS |
16,08% |
11,12% |
51,53% |
-0,62% |
94,27% |
18,06% |
|
53 |
MIREO |
87,22% |
-17,70% |
-29,96% |
96,28% |
111,83% |
20,64% |
|
54 |
DECODE HQ |
48,70% |
-28,80% |
107,29% |
49,62% |
228,35% |
34,61% |
|
55 |
PROTOTYP |
28,83% |
21,02% |
-4,21% |
141,20% |
260,22% |
37,77% |
|
56 |
C.M.G.C. |
-128,57% |
97,79% |
-247,25% |
90,23% |
58,29% |
12,17% |
|
57 |
BIND TECHNOLOGIES |
|
|
-59,92% |
1418,34% |
|
|
|
58 |
KROBEL PROMET |
56,92% |
-8,42% |
24,77% |
9,43% |
96,20% |
18,35% |
|
59 |
PRO4SEC |
18,88% |
119,73% |
10,85% |
7,09% |
210,08% |
32,70% |
|
60 |
INFINUM |
-7,52% |
32,25% |
-28,07% |
-49,24% |
-55,34% |
-18,25% |
|
61 |
EPAM Systems |
-2699,88% |
103,02% |
-22,28% |
22,40% |
-5121,42% |
|
|
62 |
ARBONA |
65,80% |
-13,24% |
33,66% |
7,47% |
106,63% |
19,89% |
|
63 |
Marlink Cyber |
63,13% |
-35,23% |
4,57% |
-30,78% |
-23,52% |
-6,48% |
|
64 |
RIS |
60,22% |
-29,36% |
54,32% |
41,91% |
147,89% |
25,48% |
|
65 |
404 |
-18,70% |
40,74% |
-11,52% |
6,71% |
8,03% |
1,95% |
|
66 |
MULTICOM |
-28,51% |
-39,61% |
17,87% |
49,75% |
-23,80% |
-6,57% |
|
67 |
Data Target |
11,98% |
29,88% |
35,38% |
13,05% |
122,61% |
22,15% |
|
68 |
DUPLICO |
7,20% |
28,63% |
43,77% |
-24,78% |
49,11% |
10,50% |
|
69 |
dSPACE engineering |
60,77% |
30,16% |
144,65% |
-10,06% |
360,45% |
46,49% |
|
70 |
LEMAX |
457,49% |
277,31% |
-26,22% |
-4,34% |
1384,58% |
96,29% |
|
71 |
JS Mastery |
|
165,08% |
-2,62% |
25,20% |
|
|
|
72 |
BULB |
-58,31% |
111,98% |
305,94% |
-29,89% |
151,49% |
25,93% |
|
73 |
SENSO PROFI |
-32,29% |
131,80% |
-27,70% |
179,78% |
217,48% |
33,48% |
|
74 |
SAP |
-84,27% |
51,54% |
-26,81% |
270,45% |
-35,35% |
-10,33% |
|
75 |
Porsche Digital Croatia |
110,82% |
138,24% |
17,63% |
-63,33% |
116,63% |
21,32% |
|
76 |
INVENTIX, obrt za računalne djelatnosti, trgovinu i knjigovodstvo, vl. Boris Antonić, Kerestinec, Radnička ulica 7 |
183,06% |
-3,22% |
79,08% |
73,40% |
750,68% |
70,78% |
|
77 |
TERMINALNI POSLOVI |
1,23% |
-11,08% |
-4,40% |
-43,01% |
-50,96% |
-16,32% |
|
78 |
BRAIN INFORMATION TECHNOLOGIES |
-10,98% |
170,45% |
60,82% |
19,71% |
363,47% |
46,73% |
|
79 |
Axion Solutions |
1441,71% |
55,00% |
69,74% |
-5,06% |
3750,89% |
149,11% |
|
80 |
SMART NET |
-6,86% |
5,19% |
68,30% |
-32,70% |
10,98% |
2,64% |
|
81 |
M. A. I. SOLUTIONS |
15,68% |
45,29% |
64,31% |
17,98% |
225,81% |
34,35% |
|
82 |
INTELLEXI |
31,59% |
-47,42% |
48,89% |
41,44% |
45,71% |
9,87% |
|
83 |
VALCON CROATIA |
161,64% |
-27,90% |
-34,00% |
57,95% |
96,66% |
18,42% |
|
84 |
The Productive Company |
-14933,06% |
-40,47% |
45,07% |
188,11% |
-37007,57% |
|
|
85 |
SETCOR |
-58,32% |
33,84% |
20,78% |
3,69% |
-30,14% |
-8,58% |
|
86 |
SERENGETI |
61,95% |
-32,64% |
-7,31% |
-13,73% |
-12,77% |
-3,36% |
|
87 |
PLAVI TIM |
11,89% |
6,10% |
11,19% |
4,56% |
38,02% |
8,39% |
|
88 |
ReversingLabs |
17,75% |
27,92% |
18,39% |
3,24% |
84,09% |
16,48% |
|
89 |
SHAPE 404 |
32,93% |
20,79% |
4,04% |
-4,66% |
59,27% |
12,34% |
|
90 |
COMPARO MEDIA |
-15,00% |
59,67% |
46,31% |
121,23% |
339,28% |
44,77% |
|
91 |
NEOS |
6,16% |
75,48% |
-3,54% |
-52,13% |
-13,98% |
-3,69% |
|
92 |
UniqCast |
-35,87% |
143,57% |
121,53% |
22,37% |
323,47% |
43,45% |
|
93 |
ButterflyMX Croatia |
|
-2286,41% |
130,01% |
3,75% |
|
|
|
94 |
NEXGEN |
24,33% |
-20,60% |
-8,37% |
-14,54% |
-22,70% |
-6,23% |
|
95 |
Eviden Global Delivery Center |
81,91% |
11,30% |
-19,43% |
-22,40% |
26,59% |
6,07% |
|
96 |
Telelink Business Services |
-194,98% |
-86,90% |
-477,82% |
97,59% |
-7,10% |
-1,82% |
|
97 |
PROGRAM SOLUTION |
-43,88% |
-38848,45% |
6,84% |
430,46% |
-123333,82% |
|
|
98 |
INNOVATIO PROFICIT |
79,53% |
42,04% |
-0,85% |
16,24% |
193,90% |
30,93% |
|
99 |
NOTUS IT |
474,35% |
266,74% |
8,45% |
5,85% |
2317,99% |
121,75% |
|
100 |
MEDIA-SOFT |
2,21% |
3,04% |
-1,75% |
45,54% |
50,59% |
10,78% |
Izvor: Fina Info.BIZ
TOP 100 TVRTKI — EBIT MARŽA 2021.–2025.
| Rang | Naziv | Marža 2021 | Marža 2022 | Marža 2023 | Marža 2024 | Marža 2025 |
| 1 | Nexi Croatia | 9,03% | 14,11% | 23,56% | 36,15% | 27,88% |
| 2 | ERICSSON NIKOLA TESLA | 7,11% | 8,20% | 8,60% | 11,33% | 8,62% |
| 3 | AIRCASH | 39,15% | 42,59% | 32,28% | 26,09% | 24,18% |
| 4 | KING ICT | 7,21% | 7,08% | 7,24% | 7,13% | 12,79% |
| 5 | IN2 | 26,16% | 24,99% | 29,19% | 38,36% | 37,65% |
| 6 | Sofa IT | 42,24% | 31,42% | 26,16% | 17,21% | 24,05% |
| 7 | Alma Career Croatia | 53,99% | 57,24% | 59,92% | 54,54% | 47,64% |
| 8 | COMBIS | 5,28% | 5,89% | 6,57% | 7,16% | 8,12% |
| 9 | INTESA SANPAOLO INTERNATIONAL VALUE SERVICES | -11,28% | 3,52% | 7,21% | 7,62% | 8,22% |
| 10 | SPAN | 4,10% | 6,27% | 1,03% | 1,39% | 3,64% |
| 11 | CompING | 7,18% | 9,36% | 12,06% | 11,62% | 13,12% |
| 12 | Global Payments Software & Services | 43,59% | 51,47% | 46,53% | 61,08% | 66,78% |
| 13 | LIBUSOFT CICOM | 18,88% | 21,24% | 23,52% | 33,25% | 36,62% |
| 14 | INFOBIP | 2,83% | 0,75% | -0,47% | 5,60% | 3,91% |
| 15 | ELEKTRONIČKI RAČUNI | 34,20% | 27,68% | 25,84% | 26,51% | 39,31% |
| 16 | PINE STUDIO | 68,22% | 88,14% | 80,43% | 69,01% | 74,43% |
| 17 | MONO | 46,59% | 44,70% | 44,57% | 40,98% | 40,65% |
| 18 | PHOBS | 64,33% | 66,02% | 65,95% | 63,46% | 61,42% |
| 19 | MICROSOFT HRVATSKA | 20,40% | 16,24% | 20,65% | 20,66% | 26,58% |
| 20 | MM Games | 98,73% | 93,04% | 99,20% | 93,67% | 67,84% |
| 21 | DICE Digital Innovation Center | 41,86% | 36,10% | 24,69% | 6,07% | 40,83% |
| 22 | APIS IT | 17,70% | 13,47% | 18,78% | 18,46% | 5,51% |
| 23 | Super Technologies | 18,41% | 16,29% | 6,60% | 5,77% | 6,25% |
| 24 | FLABBERGAST | 67,55% | 68,67% | 58,75% | 59,40% | 63,97% |
| 25 | ASEE SOLUTIONS | 15,12% | 7,91% | 7,93% | 9,41% | 8,30% |
| 26 | INTRALOT Adriatic | 6,70% | 22,24% | 22,22% | 19,98% | 17,25% |
| 27 | VIP-DATA | 18,32% | 52,36% | 75,37% | 71,59% | 56,87% |
| 28 | ENDAVA | 22,54% | 27,65% | 20,10% | 14,63% | 15,76% |
| 29 | INGEMARK | 39,68% | 22,01% | 22,33% | 33,75% | 32,60% |
| 30 | Abysalto | 0,42% | -41,19% | -69,68% | 4,33% | 16,29% |
| 31 | EFT-Usluge | 47,16% | 54,70% | 17,76% | 19,74% | 19,31% |
| 32 | Barrage | 20,04% | 16,26% | 1,83% | 17,31% | 28,96% |
| 33 | Microblink | -14,17% | -66,31% | -32,96% | 38,80% | 15,43% |
| 34 | Ignit Group | 54,88% | 29,70% | 29,16% | 27,67% | |
| 35 | IGEA | 29,15% | 29,82% | 31,86% | 37,83% | 37,60% |
| 36 | ERSTE GROUP CARD PROCESSOR | 13,42% | 15,84% | 13,51% | 13,33% | 13,44% |
| 37 | GDi Technology Platforms | 20,97% | 22,44% | 26,60% | 23,09% | 35,64% |
| 38 | INFIGO IS | 21,03% | 21,91% | 25,85% | 15,01% | 14,29% |
| 39 | zero digital | 94,68% | 90,88% | 74,61% | 88,98% | 88,24% |
| 40 | Amazon Development Center Zagreb | 9,06% | 9,07% | 9,09% | 31,16% | |
| 41 | DABAR INFORMATIKA, , | 35,48% | 45,92% | 47,33% | 56,51% | 56,71% |
| 42 | Google Hrvatska | 7,31% | 7,44% | 8,31% | 9,48% | 7,73% |
| 43 | iStyle | 4,30% | 4,09% | 3,28% | 4,15% | 4,03% |
| 44 | Notch Software Solutions | 9,17% | 16,87% | 17,67% | 25,55% | 19,17% |
| 45 | KONČAR - Digital | 0,41% | 4,57% | 1,57% | -19,09% | 6,72% |
| 46 | mStart plus | -3,23% | 3,60% | 6,98% | 4,11% | 4,64% |
| 47 | CROZ | 19,53% | 17,42% | 14,97% | 13,42% | 6,12% |
| 48 | DEVOT SOLUTIONS | 41,90% | 46,59% | 27,66% | 10,54% | 37,37% |
| 49 | PUPILLA | 42,93% | 56,99% | 54,73% | 48,81% | 58,87% |
| 50 | Visage Technologies | 12,38% | 12,29% | 12,27% | 10,12% | 11,39% |
| 51 | SMARTIS | -0,16% | 0,93% | 9,87% | 12,32% | 20,40% |
| 52 | AVOLA SOLUTIONS | 21,46% | 20,01% | 19,50% | 24,42% | 19,00% |
| 53 | MIREO | 18,07% | 26,74% | 20,02% | 12,12% | 13,72% |
| 54 | DECODE HQ | 21,09% | 19,84% | 12,96% | 21,38% | 24,01% |
| 55 | PROTOTYP | 36,52% | 34,39% | 35,80% | 31,00% | 46,41% |
| 56 | C.M.G.C. | 11,61% | -4,13% | -9,94% | 10,44% | 21,21% |
| 57 | BIND TECHNOLOGIES | 10,61% | 2,68% | 8,53% | ||
| 58 | KROBEL PROMET | 17,36% | 22,63% | 18,47% | 21,24% | 20,58% |
| 59 | PRO4SEC | 45,49% | 54,30% | 58,41% | 61,89% | 64,57% |
| 60 | INFINUM | 21,90% | 14,57% | 16,53% | 11,91% | 6,01% |
| 61 | EPAM Systems | -142,29% | 9,94% | 9,61% | 6,90% | 6,44% |
| 62 | ARBONA d. o. o. | 23,24% | 25,50% | 17,40% | 21,38% | 22,20% |
| 63 | Marlink Cyber | 39,58% | 42,07% | 27,62% | 25,49% | 14,21% |
| 64 | RIS d. o. o. | 29,81% | 37,29% | 24,05% | 31,68% | 39,17% |
| 65 | 404 | 13,54% | 8,85% | 11,65% | 8,86% | 8,49% |
| 66 | MULTICOM | 23,96% | 21,28% | 13,57% | 14,01% | 20,02% |
| 67 | Data Target | 12,11% | 13,18% | 17,49% | 16,09% | 16,92% |
| 68 | DUPLICO | 9,64% | 8,16% | 7,31% | 9,39% | 7,79% |
| 69 | dSPACE engineering | 6,19% | 7,14% | 6,61% | 11,72% | 8,52% |
| 70 | LEMAX | 2,71% | 11,56% | 30,06% | 21,21% | 20,41% |
| 71 | JS Mastery | 79,98% | 79,03% | 74,31% | 77,47% | |
| 72 | BULB | 15,74% | 6,02% | 10,83% | 30,76% | 22,39% |
| 73 | SENSO PROFI | 10,30% | 6,15% | 9,44% | 7,63% | 8,54% |
| 74 | SAP | 13,36% | 2,18% | 2,83% | 1,81% | 7,18% |
| 75 | Porsche Digital Croatia | 17,34% | 15,88% | 21,05% | 19,74% | 6,50% |
| 76 | INVENTIX, obrt za računalne djelatnosti, trgovinu i knjigovodstvo, vl. Boris Antonić, Kerestinec, Radnička ulica 7 | 82,61% | 87,04% | 83,80% | 88,20% | 91,70% |
| 77 | TERMINALNI POSLOVI d. o. o. | 64,68% | 63,03% | 68,27% | 57,93% | 52,93% |
| 78 | BRAIN INFORMATION TECHNOLOGIES | 36,20% | 24,38% | 37,34% | 34,58% | 37,37% |
| 79 | Axion Solutions | 58,16% | 46,15% | 44,16% | 49,56% | 45,99% |
| 80 | SMART NET | 14,81% | 16,35% | 14,33% | 20,77% | 13,80% |
| 81 | M. A. I. SOLUTIONS d. o. o. | 10,43% | 9,46% | 11,33% | 13,05% | 15,31% |
| 82 | INTELLEXI | 43,27% | 43,74% | 24,15% | 32,06% | 36,08% |
| 83 | VALCON CROATIA | 7,58% | 11,53% | 7,96% | 7,80% | 10,50% |
| 84 | The Productive Company | 22,99% | 7,64% | 8,12% | 15,94% | |
| 85 | SETCOR | 13,38% | 5,38% | 5,55% | 7,64% | 7,02% |
| 86 | SERENGETI | 15,81% | 20,78% | 15,71% | 15,73% | 14,18% |
| 87 | PLAVI TIM | 4,83% | 5,05% | 4,89% | 4,90% | 4,91% |
| 88 | ReversingLabs | 6,09% | 5,53% | 5,90% | 5,93% | 5,79% |
| 89 | SHAPE 404 | 27,90% | 24,12% | 21,87% | 18,61% | 15,83% |
| 90 | COMPARO MEDIA | 52,88% | 41,21% | 52,22% | 45,07% | 52,45% |
| 91 | NEOS | 12,02% | 11,58% | 11,72% | 10,22% | 3,99% |
| 92 | UniqCast | 8,99% | 3,41% | 11,09% | 13,50% | 14,37% |
| 93 | ButterflyMX Croatia | 23,04% | 23,23% | 23,22% | ||
| 94 | NEXGEN | 34,05% | 33,99% | 27,92% | 27,35% | 28,95% |
| 95 | Eviden Global Delivery Center | 10,07% | 15,18% | 13,46% | 10,29% | 8,15% |
| 96 | Telelink Business Services | 7,46% | -7,51% | -0,86% | 3,09% | 5,24% |
| 97 | PROGRAM SOLUTION | 42,50% | 25,13% | 68,44% | ||
| 98 | INNOVATIO PROFICIT | 24,00% | 28,72% | 27,78% | 23,20% | 23,69% |
| 99 | NOTUS IT | 5,40% | 21,96% | 37,91% | 35,86% | 32,38% |
| 100 | MEDIA-SOFT | 29,60% | 37,58% | 38,04% | 34,94% | 49,61% |
Izvor: Fina Info.BIZ
SAŽETAK KLJUČNIH NALAZA:
Operativna dobit u 2025. snažno je koncentrirana na vrhu ljestvice: Nexi Croatia s 42,38 milijuna eura EBIT-a ostaje uvjerljivo prvi, dok Ericsson Nikola Tesla, Aircash, KING ICT i IN2 čine skupinu vodećih tvrtki s dvoznamenkastim milijunskim EBIT-om.
Fintech, platni sustavi, sistemska integracija i poslovni softver pokazuju se kao najjači generatori operativne profitabilnosti, dok se među najbrže rastućima izdvajaju i specijalizirane softverske, digitalne i platformne tvrtke.
Druga tablica potvrđuje veliku dinamiku tržišta: dio kompanija bilježi vrlo visoke stope rasta zbog širenja poslovanja ili niže početne baze, dok padovi kod pojedinih velikih igrača upućuju na projektne cikluse, promjene baze i volatilnost profitabilnosti.
Važan nalaz je širenje profitabilne baze ICT sektora jer i donji dio TOP 100 ljestvice prelazi približno 900 tisuća eura EBIT-a, što pokazuje da se operativna učinkovitost više ne zadržava samo kod nekoliko najvećih kompanija.
Ukupna slika pokazuje zrelije, segmentiranije i konkurentnije ICT tržište u kojem se uspjeh sve više temelji na skalabilnim rješenjima, specijaliziranom znanju, digitalnim platformama, izvoznim modelima i sposobnosti monetizacije tehnologije.