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Neto dobit otkriva novu snagu softvera

Profitabilnost hrvatskog ICT tržišta u 2025. godini najbolje se vidi kroz poredak TOP 100 tvrtki prema neto dobiti ili gubitku razdoblja, jer taj pokazatelj otkriva tko je iz snažnog prihoda, skalabilnog modela, izvozne pozicije ili stabilne baze korisnika uspio stvoriti stvarnu zaradu. Analiza je napravljena prema podacima Financijske agencije za 2025. godinu, odnosno servisa Fina Info.BIZ, za ICTbusiness Media – ICTbusiness.info. U ovom tekstu radi se predstavljanje najboljih TOP 100 tvrtki iz tablica prema analizi tvrtki, s naglaskom na dobit razdoblja u 2025. i dinamiku rasta ili pada dobiti u razdoblju od 2021. do 2025. godine.

Na prvom mjestu nalazi se Nexi Croatia s 35,01 milijun eura dobiti razdoblja u 2025., čime potvrđuje iznimno snažnu poziciju među kompanijama vezanima uz platnu infrastrukturu i digitalne transakcije. Iako je dobit u odnosu na 2024. smanjena za 8,6 posto, dugoročna slika ostaje impresivna: u odnosu na 2021. dobit je veća 885,31 posto, uz CAGR od 77,17 posto. To pokazuje da Nexi Croatia nije samo jednokratni dobitnik aktualnog ciklusa, nego kompanija koja je u pet godina višestruko povećala profitabilnost. Na drugom mjestu je Ericsson Nikola Tesla sa 17,31 milijun eura dobiti, što je i dalje jedna od najvećih pojedinačnih dobiti u domaćem ICT sektoru, premda je rezultat 22,99 posto niži nego u 2024. Treći je Aircash sa 16,77 milijuna eura, uz rast dobiti od 44,4 posto u odnosu na prethodnu godinu i ukupni rast od 330,81 posto u odnosu na 2021., što potvrđuje širenje fintech poslovnih modela u Hrvatskoj.

U vrhu poretka posebno su važni KING ICT i IN2. KING ICT je u 2025. ostvario 14,28 milijuna eura dobiti, uz rast od 123,11 posto u odnosu na 2024., čime se ističe kao jedan od najvećih pozitivnih pomaka među vodećim tvrtkama. IN2 je peti s 11,97 milijuna eura dobiti i dodatnim rastom od 9,77 posto, nakon već vrlo snažne 2024. godine. U prvoj desetorici nalaze se još Sofa IT, SPAN, COMBIS, CompING i Alma Career Croatia. Ta skupina pokazuje raznolikost domaćeg softverskog i ICT tržišta: od sistem integratora i razvojnih kuća do specijaliziranih digitalnih platformi i kompanija koje posluju na tržištu zapošljavanja, infrastrukture ili poslovnih aplikacija. Važno je da dio tih tvrtki rast ostvaruje kontinuirano, dok se kod drugih vide veće oscilacije, što je tipično za projektno orijentirane ICT modele.

Drugi sloj analize otkriva koliko se profitabilnost promijenila u srednjem dijelu poretka. INFOBIP je u 2025. ostvario 4,41 milijun eura dobiti, nakon vrlo snažne 2024., pa je pad od 52,3 posto važan pokazatelj prilagodbe troškova, ulaganja ili poslovnog miksa. Global Payments Software & Services ostvaruje 4,40 milijuna eura i rast od 56,57 posto, dok LIBUSOFT CICOM s 4,32 milijuna eura nastavlja višegodišnji rast. PINE STUDIO, Elektronički računi i PHOBS također su iznad 3,7 milijuna eura dobiti, pri čemu se Elektronički računi izdvajaju rastom od 160,59 posto u odnosu na 2024. Kod APIS IT-a dobit je pala na 3,39 milijuna eura, odnosno 72,14 posto manje nego godinu ranije, što pokazuje da i vrlo velike ICT organizacije mogu imati snažne godišnje promjene kada se promijeni dinamika projekata ili troškova.

Najbrže relativne promjene vide se kod kompanija koje su krenule s niže osnovice ili su u 2025. imale snažan zaokret. DICE Digital Innovation Center povećao je dobit u odnosu na 2024. za 1577,83 posto, Calisto za 627,51 posto, SAP za 502,39 posto, DEVOT SOLUTIONS za 370,73 posto, Amazon Development Center Zagreb za 346,54 posto, a niz drugih tvrtki bilježi troznamenkaste stope rasta. Kod takvih primjera treba razlikovati apsolutnu snagu od relativne dinamike: veliki postotni skok ne mora značiti i ulazak u sam vrh po apsolutnoj dobiti, ali ukazuje na promjenu tržišne pozicije, efikasnosti ili sposobnosti monetizacije poslovnog modela. S druge strane, dio tvrtki iz vrha ima pad dobiti, ali i dalje zadržava vrlo visoke apsolutne rezultate, što ih čini ključnima za ukupnu profitabilnost sektora.

Posebno je zanimljiv odnos između zrelih integratora i digitalno skalabilnih kompanija. Tradicionalni veliki ICT igrači poput Ericsson Nikola Tesle, KING ICT-a, IN2-a, COMBIS-a, APIS IT-a, CROZ-a i SPAN-a ostaju među najvažnijim nositeljima dobiti, ali među prvih 100 sve je više tvrtki koje dolaze iz fintech područja, kartičnog procesiranja, cloud i razvojnih centara, digitalnih proizvoda, kibernetičke sigurnosti, poslovnih aplikacija, gaming segmenta i specijaliziranih softverskih niša. To potvrđuje da hrvatsko ICT tržište u 2025. više nije samo tržište velikih projekata i integracije, nego i tržište proizvoda, platformi i razvojnih kompetencija koje se mogu širiti izvan domaćih granica.

Donji dio TOP 100 poretka također je važan jer pokazuje širinu profitabilnog sloja tržišta. Tvrtke od 80. do 100. mjesta i dalje ostvaruju dobit od približno 772 tisuće do 954 tisuće eura, što znači da je prag ulaska među sto najprofitabilnijih u ovoj analizi relativno visok. To pokazuje da se profitabilnost ne iscrpljuje samo u prvih deset ili dvadeset tvrtki, nego postoji znatan broj srednjih i manjih kompanija koje su uspjele stvoriti održivu zaradu. Među njima su razvojni centri, specijalizirane softverske kuće, digitalne agencije, tvrtke za računalnu sigurnost, kartično procesiranje, poslovna rješenja i vertikalne aplikacije.

Ukupno gledano, TOP 100 prema dobiti razdoblja u 2025. pokazuje tržište u kojem se profit sve više veže uz digitalne transakcije, softverske proizvode, platforme, razvojne centre i specijalizirane usluge visoke dodane vrijednosti. Istodobno, oscilacije dobiti od godine do godine potvrđuju da hrvatski ICT sektor i dalje snažno ovisi o strukturi projekata, izvozu, kadrovskim troškovima, investicijama i fazi razvoja pojedine tvrtke. Najveći dobitnici nisu nužno samo najveći po prihodu, nego oni koji su uspjeli spojiti volumen, maržu i skalabilnost. Zato ova ljestvica nije samo poredak zarade, nego i presjek modela koji trenutačno najbolje pretvaraju ICT znanje u poslovni rezultat.

Analiza je rađena prema raspodjeli tvrtki prema pretežitom NKD-u odnosno prema grupiranju djelatnosti u kojem se softver odnosi na NKD 5829, 6201, 6202, 6203, 6209 i 6311, računala na NKD 2620, 4651, 4652, 9511 i 9512, a telekomi/komunikacija na NKD 6110, 6120, 6130, 6190 i povezane komunikacijske djelatnosti.

TOP 100 TVRTKI PREMA METRICI DOBIT ILI GUBITAK RAZDOBLJA 2025.

Rang

Naziv

DOBIT ILI GUBITAK RAZDOBLJA 2021

DOBIT ILI GUBITAK RAZDOBLJA 2022

DOBIT ILI GUBITAK RAZDOBLJA 2023

DOBIT ILI GUBITAK RAZDOBLJA 2024

DOBIT ILI GUBITAK RAZDOBLJA 2025

1

Nexi Croatia

3.552.749,62 €

5.192.985,33 €

20.904.490,00 €

38.300.999,00 €

35.005.681,00 €

2

ERICSSON NIKOLA TESLA

15.290.595,93 €

19.579.104,25 €

18.840.714,00 €

22.469.997,00 €

17.305.044,00 €

3

AIRCASH

3.892.758,51 €

7.037.910,81 €

9.536.752,00 €

11.613.658,00 €

16.770.353,00 €

4

KING ICT

5.220.515,76 €

5.970.692,41 €

6.542.269,00 €

6.400.572,00 €

14.280.213,00 €

5

IN2

5.082.004,38 €

5.046.062,11 €

6.314.347,00 €

10.908.315,00 €

11.973.760,00 €

6

Sofa IT

4.282.912,87 €

4.471.741,72 €

4.629.673,00 €

4.236.959,00 €

7.130.568,00 €

7

SPAN

2.569.446,55 €

5.566.982,28 €

461.445,00 €

2.756.029,00 €

6.261.669,00 €

8

COMBIS

3.142.245,27 €

4.473.592,67 €

3.330.303,00 €

6.284.222,00 €

5.862.605,00 €

9

CompING

1.533.613,25 €

3.123.200,35 €

3.209.234,00 €

3.697.420,00 €

5.434.029,00 €

10

Alma Career Croatia

3.224.852,48 €

4.800.930,65 €

5.964.169,00 €

5.816.255,00 €

5.427.325,00 €

11

INFOBIP

1.792.534,21 €

1.459.733,76 €

1.595.458,00 €

9.249.103,00 €

4.411.432,00 €

12

Global Payments Software & Services

877.312,10 €

1.265.734,55 €

1.615.983,00 €

2.807.210,00 €

4.395.216,00 €

13

LIBUSOFT CICOM

1.005.621,34 €

1.463.801,05 €

1.813.767,00 €

3.207.468,00 €

4.323.368,00 €

14

PINE STUDIO

658.776,56 €

5.866.869,47 €

2.817.793,00 €

2.293.148,00 €

3.903.020,00 €

15

ELEKTRONIČKI RAČUNI

1.304.127,28 €

1.215.630,63 €

1.269.812,00 €

1.491.959,00 €

3.887.886,00 €

16

PHOBS

1.888.519,61 €

2.763.879,89 €

3.276.106,00 €

3.425.067,00 €

3.766.643,00 €

17

MONO

2.772.823,94 €

3.046.793,55 €

3.354.529,00 €

4.030.023,00 €

3.527.802,00 €

18

APIS IT

6.555.814,45 €

5.394.389,41 €

9.246.846,00 €

12.151.572,00 €

3.385.236,00 €

19

DICE Digital Innovation Center

371.468,98 €

431.438,72 €

520.231,00 €

194.243,00 €

3.259.077,00 €

20

MICROSOFT HRVATSKA

1.675.078,77 €

2.851.711,73 €

2.231.198,00 €

2.392.335,00 €

3.154.204,00 €

21

Super Technologies

2.307.857,59 €

2.859.367,97 €

948.454,00 €

1.541.643,00 €

3.034.882,00 €

22

ASEE SOLUTIONS

3.168.233,99 €

676.681,66 €

2.138.501,00 €

2.670.533,00 €

2.986.467,00 €

23

FLABBERGAST

504.528,10 €

1.234.881,41 €

1.381.622,00 €

1.953.474,00 €

2.768.785,00 €

24

Microblink

-512.613,18 €

-7.590.240,89 €

-4.190.884,00 €

5.500.558,00 €

2.698.051,00 €

25

INTRALOT Adriatic

56.976,71 €

1.727.799,85 €

2.481.103,00 €

2.519.665,00 €

2.504.928,00 €

26

VIP-DATA

511.408,85 €

1.904.127,94 €

5.503.611,00 €

5.786.026,00 €

2.419.794,00 €

27

CROZ

3.477.737,74 €

3.727.253,97 €

3.357.802,00 €

4.158.928,00 €

2.372.530,00 €

28

ENDAVA

3.217.041,48 €

6.613.187,47 €

4.233.745,00 €

2.760.517,00 €

2.303.410,00 €

29

INGEMARK

1.029.954,87 €

777.014,53 €

753.300,00 €

1.956.818,00 €

2.220.614,00 €

30

Abysalto

1.981,55 €

-480.883,27 €

-753.599,00 €

6.441,00 €

2.197.230,00 €

31

MM Games

646.575,49 €

1.392.532,22 €

4.489.645,00 €

17.509.428,00 €

2.026.968,00 €

32

ERSTE GROUP CARD PROCESSOR

1.368.687,50 €

1.776.527,57 €

1.756.201,00 €

2.041.222,00 €

2.024.795,00 €

33

EFT-Usluge

10.362.730,24 €

16.436.770,32 €

1.754.794,00 €

1.916.170,00 €

1.969.045,00 €

34

IGEA

1.149.972,00 €

1.227.994,69 €

1.450.567,00 €

1.765.354,00 €

1.945.203,00 €

35

GDi Technology Platforms

686.908,35 €

694.703,17 €

1.367.133,00 €

907.902,00 €

1.915.764,00 €

36

Barrage

892.313,36 €

874.710,47 €

109.326,00 €

871.440,00 €

1.903.342,00 €

37

INFIGO IS

918.286,55 €

1.488.695,07 €

2.169.435,00 €

1.636.895,00 €

1.876.953,00 €

38

Notch Software Solutions

413.603,56 €

1.309.514,50 €

1.618.861,00 €

2.252.465,00 €

1.854.272,00 €

39

Ignit Group

0,00 €

429.796,27 €

1.007.375,00 €

1.635.071,00 €

1.840.388,00 €

40

Google Hrvatska

181.307,19 €

213.582,45 €

1.775.362,00 €

1.934.369,00 €

1.823.359,00 €

41

zero digital

1.998.963,17 €

1.408.851,95 €

2.686.448,00 €

2.495.621,00 €

1.779.984,00 €

42

DABAR INFORMATIKA, ,

411.524,72 €

694.856,46 €

968.887,00 €

1.532.151,00 €

1.705.333,00 €

43

Amazon Development Center Zagreb

0,00 €

222.221,51 €

322.176,00 €

378.013,00 €

1.687.989,00 €

44

Visage Technologies

611.903,64 €

886.648,62 €

1.174.103,00 €

1.178.330,00 €

1.568.811,00 €

45

DECODE HQ

461.856,53 €

760.178,51 €

493.098,00 €

1.148.309,00 €

1.558.238,00 €

46

iStyle

812.201,87 €

947.156,55 €

1.092.219,00 €

1.485.487,00 €

1.556.712,00 €

47

MIREO

679.765,08 €

1.404.283,36 €

1.181.836,00 €

961.405,00 €

1.542.484,00 €

48

DEVOT SOLUTIONS

892.415,02 €

3.515.723,94 €

1.732.611,00 €

308.226,00 €

1.450.922,00 €

49

SMARTIS

230.591,01 €

262.604,55 €

393.072,00 €

640.523,00 €

1.407.417,00 €

50

PUPILLA

291.925,68 €

878.154,09 €

793.188,00 €

524.194,00 €

1.404.601,00 €

51

AVOLA SOLUTIONS

647.883,47 €

823.334,79 €

915.944,00 €

1.395.402,00 €

1.393.928,00 €

52

CALISTO

203.898,47 €

59.541,71 €

223.004,00 €

191.113,00 €

1.390.362,00 €

53

mStart plus

-1.578.499,44 €

575.508,79 €

1.917.732,00 €

940.579,00 €

1.339.574,00 €

54

KONČAR - Digital

1.607,41 €

190.431,48 €

902.934,00 €

-1.644.114,00 €

1.310.137,00 €

55

PROTOTYP

364.427,23 €

466.624,46 €

564.895,00 €

537.987,00 €

1.302.878,00 €

56

dSPACE engineering

223.479,99 €

365.916,52 €

488.383,00 €

1.339.321,00 €

1.214.454,00 €

57

INFINUM

2.806.932,25 €

2.545.500,83 €

3.423.777,00 €

2.975.735,00 €

1.203.501,00 €

58

MULTICOM

1.372.636,01 €

959.600,11 €

574.575,00 €

948.770,00 €

1.198.546,00 €

59

KROBEL PROMET

622.705,42 €

968.370,03 €

884.281,00 €

1.083.219,00 €

1.184.576,00 €

60

C.M.G.C.

1.118.815,85 €

-302.954,01 €

-537.856,00 €

953.264,00 €

1.184.048,00 €

61

BIND TECHNOLOGIES

0,00 €

0,00 €

200.604,00 €

63.586,00 €

1.178.794,00 €

62

PRO4SEC

407.872,59 €

480.506,20 €

967.076,00 €

1.071.491,00 €

1.149.606,00 €

63

ARBONA

520.111,22 €

858.723,60 €

744.976,00 €

1.016.019,00 €

1.079.628,00 €

64

DUPLICO

691.942,27 €

742.811,60 €

1.029.089,00 €

1.470.785,00 €

1.079.439,00 €

65

Data Target

450.972,06 €

556.163,38 €

719.638,00 €

1.062.121,00 €

1.047.889,00 €

66

SAP

1.431.061,92 €

175.987,26 €

337.065,00 €

173.653,00 €

1.046.074,00 €

67

RIS

441.137,83 €

673.470,57 €

459.781,00 €

721.938,00 €

1.038.366,00 €

68

Marlink Cyber

1.385.313,82 €

2.244.663,48 €

1.485.789,00 €

1.385.949,00 €

1.036.909,00 €

69

The Productive Company

-2.857,65 €

385.365,32 €

228.358,00 €

312.917,00 €

1.023.433,00 €

70

404

949.990,97 €

775.898,60 €

1.084.225,00 €

960.504,00 €

1.019.957,00 €

71

SMART NET

832.723,74 €

955.372,88 €

790.279,00 €

1.370.102,00 €

993.112,00 €

72

EPAM Systems

-27.257,15 €

425.778,09 €

923.864,00 €

850.175,00 €

988.198,00 €

73

BULB

384.042,07 €

159.302,54 €

337.293,00 €

1.393.585,00 €

979.135,00 €

74

M. A. I. SOLUTIONS

266.784,66 €

337.692,61 €

447.520,00 €

755.417,00 €

970.944,00 €

75

Porsche Digital Croatia

428.867,61 €

895.497,78 €

2.225.489,00 €

2.626.116,00 €

970.117,00 €

76

SENSO PROFI

290.850,22 €

178.102,33 €

469.178,00 €

335.565,00 €

965.512,00 €

77

Telelink Business Services

843.134,51 €

387.080,36 €

-264.493,00 €

804.685,00 €

960.719,00 €

78

BEVEL EDGE

0,00 €

0,00 €

204.285,00 €

346.050,00 €

957.718,00 €

79

JS Mastery

0,00 €

336.928,40 €

801.106,00 €

802.098,00 €

956.900,00 €

80

INTESA SANPAOLO INTERNATIONAL VALUE SERVICES

-1.654.753,33 €

1.195.336,39 €

2.315.292,00 €

996.056,00 €

953.977,00 €

81

INTELLEXI

604.086,54 €

899.314,09 €

452.151,00 €

734.880,00 €

938.425,00 €

82

Axion Solutions

26.619,42 €

409.268,30 €

579.326,00 €

982.756,00 €

935.551,00 €

83

INVENTIX, obrt za računalne djelatnosti, trgovinu i knjigovodstvo, vl. Boris Antonić, Kerestinec, Radnička ulica 7

122.737,01 €

350.212,62 €

341.106,00 €

610.845,00 €

930.169,00 €

84

BRAIN INFORMATION TECHNOLOGIES

219.497,91 €

203.410,71 €

465.145,00 €

800.759,00 €

909.221,00 €

85

SVAM PLUS

268.027,47 €

440.138,30 €

592.543,00 €

743.203,00 €

905.962,00 €

86

SETCOR

1.339.240,16 €

539.141,81 €

713.564,00 €

885.635,00 €

887.028,00 €

87

Eviden Global Delivery Center

591.757,78 €

1.101.951,42 €

1.330.936,00 €

1.182.172,00 €

876.594,00 €

88

Kod Biro

4.590,75 €

228.997,54 €

135.997,00 €

33.998,00 €

871.879,00 €

89

VALCON CROATIA

481.933,37 €

1.133.517,15 €

826.906,00 €

547.208,00 €

865.552,00 €

90

ZG INFORMATIKA

249.667,26 €

477.832,37 €

302.458,00 €

246.059,00 €

856.919,00 €

91

JOHN HARMANDER

249.292,85 €

248.380,38 €

297.218,00 €

62.430,00 €

854.493,00 €

92

PLAVI TIM

609.023,82 €

705.331,74 €

795.177,00 €

878.777,00 €

825.848,00 €

93

INNOVATIO PROFICIT

257.236,45 €

453.691,15 €

726.260,00 €

712.765,00 €

822.362,00 €

94

Cambridge Mobile Telematics

-118.549,34 €

-486.958,13 €

-2.416.522,00 €

-4.271.871,00 €

822.240,00 €

95

LEMAX

92.406,66 €

341.939,35 €

1.495.565,00 €

1.146.054,00 €

815.652,00 €

96

COMPARO MEDIA

196.499,30 €

168.081,36 €

266.670,00 €

388.960,00 €

786.855,00 €

97

SHAPE 404

496.571,90 €

659.276,79 €

791.873,00 €

831.878,00 €

784.836,00 €

98

MEDIA-SOFT

500.352,78 €

499.484,50 €

524.075,00 €

532.128,00 €

783.354,00 €

99

NEXGEN

987.902,05 €

1.236.372,02 €

983.565,00 €

919.538,00 €

780.092,00 €

100

ButterflyMX Croatia

0,00 €

-18.038,22 €

326.784,00 €

744.022,00 €

771.910,00 €

Izvor: Fina Info.BIZ 

TOP 100 TVRTKI — RAST / PAD DOBITI / GUBITKA RAZDOBLJA I CAGR 2021.–2025.

Rang

Naziv

2022./2021.

2023./2022.

2024./2023.

2025./2024.

Ukupno 2025./2021.

CAGR 2021.–2025.

1

Nexi Croatia

46,17%

302,55%

83,22%

-8,60%

885,31%

77,17%

2

ERICSSON NIKOLA TESLA

28,05%

-3,77%

19,26%

-22,99%

13,17%

3,14%

3

AIRCASH

80,79%

35,51%

21,78%

44,40%

330,81%

44,07%

4

KING ICT

14,37%

9,57%

-2,17%

123,11%

173,54%

28,60%

5

IN2

-0,71%

25,13%

72,75%

9,77%

135,61%

23,89%

6

Sofa IT

4,41%

3,53%

-8,48%

68,29%

66,49%

13,59%

7

SPAN

116,66%

-91,71%

497,26%

127,20%

143,70%

24,94%

8

COMBIS

42,37%

-25,56%

88,70%

-6,71%

86,57%

16,87%

9

CompING

103,65%

2,75%

15,21%

46,97%

254,33%

37,20%

10

Alma Career Croatia

48,87%

24,23%

-2,48%

-6,69%

68,30%

13,90%

11

INFOBIP

-18,57%

9,30%

479,71%

-52,30%

146,10%

25,25%

12

Global Payments Software & Services

44,27%

27,67%

73,72%

56,57%

400,99%

49,61%

13

LIBUSOFT CICOM

45,56%

23,91%

76,84%

34,79%

329,92%

43,99%

14

PINE STUDIO

790,57%

-51,97%

-18,62%

70,20%

492,46%

56,01%

15

ELEKTRONIČKI RAČUNI

-6,79%

4,46%

17,49%

160,59%

198,12%

31,40%

16

PHOBS

46,35%

18,53%

4,55%

9,97%

99,45%

18,84%

17

MONO

9,88%

10,10%

20,14%

-12,46%

27,23%

6,21%

18

APIS IT

-17,72%

71,42%

31,41%

-72,14%

-48,36%

-15,23%

19

DICE Digital Innovation Center

16,14%

20,58%

-62,66%

1577,83%

777,35%

72,10%

20

MICROSOFT HRVATSKA

70,24%

-21,76%

7,22%

31,85%

88,30%

17,14%

21

Super Technologies

23,90%

-66,83%

62,54%

96,86%

31,50%

7,09%

22

ASEE SOLUTIONS

-78,64%

216,03%

24,88%

11,83%

-5,74%

-1,47%

23

FLABBERGAST

144,76%

11,88%

41,39%

41,74%

448,79%

53,06%

24

Microblink

1380,70%

-44,79%

-231,25%

-50,95%

-626,33%

 

25

INTRALOT Adriatic

2932,47%

43,60%

1,55%

-0,58%

4296,41%

157,50%

26

VIP-DATA

272,33%

189,04%

5,13%

-58,18%

373,16%

47,49%

27

CROZ

7,17%

-9,91%

23,86%

-42,95%

-31,78%

-9,12%

28

ENDAVA

105,57%

-35,98%

-34,80%

-16,56%

-28,40%

-8,01%

29

INGEMARK

-24,56%

-3,05%

159,77%

13,48%

115,60%

21,18%

30

Abysalto

-24368,02%

56,71%

-100,85%

34013,18%

110784,32%

477,06%

31

MM Games

115,37%

222,41%

290,00%

-88,42%

213,49%

33,06%

32

ERSTE GROUP CARD PROCESSOR

29,80%

-1,14%

16,23%

-0,80%

47,94%

10,29%

33

EFT-Usluge

58,61%

-89,32%

9,20%

2,76%

-81,00%

-33,98%

34

IGEA

6,78%

18,12%

21,70%

10,19%

69,15%

14,04%

35

GDi Technology Platforms

1,13%

96,79%

-33,59%

111,01%

178,90%

29,23%

36

Barrage

-1,97%

-87,50%

697,10%

118,41%

113,30%

20,85%

37

INFIGO IS

62,12%

45,73%

-24,55%

14,67%

104,40%

19,57%

38

Notch Software Solutions

216,61%

23,62%

39,14%

-17,68%

348,32%

45,51%

39

Ignit Group

 

134,38%

62,31%

12,56%

 

 

40

Google Hrvatska

17,80%

731,23%

8,96%

-5,74%

905,67%

78,08%

41

zero digital

-29,52%

90,68%

-7,10%

-28,68%

-10,95%

-2,86%

42

DABAR INFORMATIKA, ,

68,85%

39,44%

58,14%

11,30%

314,39%

42,68%

43

Amazon Development Center Zagreb

 

44,98%

17,33%

346,54%

 

 

44

Visage Technologies

44,90%

32,42%

0,36%

33,14%

156,38%

26,54%

45

DECODE HQ

64,59%

-35,13%

132,88%

35,70%

237,39%

35,53%

46

iStyle

16,62%

15,32%

36,01%

4,79%

91,67%

17,66%

47

MIREO

106,58%

-15,84%

-18,65%

60,44%

126,91%

22,73%

48

DEVOT SOLUTIONS

293,96%

-50,72%

-82,21%

370,73%

62,58%

12,92%

49

SMARTIS

13,88%

49,68%

62,95%

119,73%

510,35%

57,18%

50

PUPILLA

200,81%

-9,68%

-33,91%

167,95%

381,15%

48,11%

51

AVOLA SOLUTIONS

27,08%

11,25%

52,35%

-0,11%

115,15%

21,11%

52

CALISTO

-70,80%

274,53%

-14,30%

627,51%

581,89%

61,60%

53

mStart plus

-136,46%

233,22%

-50,95%

42,42%

-184,86%

 

54

KONČAR - Digital

11747,13%

374,15%

-282,09%

-179,69%

81406,29%

434,32%

55

PROTOTYP

28,04%

21,06%

-4,76%

142,18%

257,51%

37,51%

56

dSPACE engineering

63,74%

33,47%

174,24%

-9,32%

443,43%

52,68%

57

INFINUM

-9,31%

34,50%

-13,09%

-59,56%

-57,12%

-19,08%

58

MULTICOM

-30,09%

-40,12%

65,13%

26,33%

-12,68%

-3,33%

59

KROBEL PROMET

55,51%

-8,68%

22,50%

9,36%

90,23%

17,44%

60

C.M.G.C.

-127,08%

77,54%

-277,23%

24,21%

5,83%

1,43%

61

BIND TECHNOLOGIES

 

 

-68,30%

1753,86%

 

 

62

PRO4SEC

17,81%

101,26%

10,80%

7,29%

181,85%

29,57%

63

ARBONA

65,10%

-13,25%

36,38%

6,26%

107,58%

20,03%

64

DUPLICO

7,35%

38,54%

42,92%

-26,61%

56,00%

11,76%

65

Data Target

23,33%

29,39%

47,59%

-1,34%

132,36%

23,46%

66

SAP

-87,70%

91,53%

-48,48%

502,39%

-26,90%

-7,54%

67

RIS

52,67%

-31,73%

57,02%

43,83%

135,38%

23,86%

68

Marlink Cyber

62,03%

-33,81%

-6,72%

-25,18%

-25,15%

-6,99%

69

The Productive Company

-13585,37%

-40,74%

37,03%

227,06%

-35913,74%

 

70

404

-18,33%

39,74%

-11,41%

6,19%

7,36%

1,79%

71

SMART NET

14,73%

-17,28%

73,37%

-27,52%

19,26%

4,50%

72

EPAM Systems

-1662,08%

116,98%

-7,98%

16,23%

-3725,46%

 

73

BULB

-58,52%

111,73%

313,17%

-29,74%

154,96%

26,36%

74

M. A. I. SOLUTIONS

26,58%

32,52%

68,80%

28,53%

263,94%

38,12%

75

Porsche Digital Croatia

108,81%

148,52%

18,00%

-63,06%

126,20%

22,64%

76

SENSO PROFI

-38,76%

163,43%

-28,48%

187,73%

231,96%

34,98%

77

Telelink Business Services

-54,09%

-168,33%

-404,24%

19,39%

13,95%

3,32%

78

BEVEL EDGE

 

 

69,40%

176,76%

 

 

79

JS Mastery

 

137,77%

0,12%

19,30%

 

 

80

INTESA SANPAOLO INTERNATIONAL VALUE SERVICES

-172,24%

93,69%

-56,98%

-4,22%

-157,65%

 

81

INTELLEXI

48,87%

-49,72%

62,53%

27,70%

55,35%

11,64%

82

Axion Solutions

1437,48%

41,55%

69,64%

-4,80%

3414,54%

143,48%

83

INVENTIX, obrt za računalne djelatnosti, trgovinu i knjigovodstvo, vl. Boris Antonić, Kerestinec, Radnička ulica 7

185,34%

-2,60%

79,08%

52,28%

657,86%

65,92%

84

BRAIN INFORMATION TECHNOLOGIES

-7,33%

128,67%

72,15%

13,54%

314,23%

42,66%

85

SVAM PLUS

64,21%

34,63%

25,43%

21,90%

238,01%

35,59%

86

SETCOR

-59,74%

32,35%

24,11%

0,16%

-33,77%

-9,79%

87

Eviden Global Delivery Center

86,22%

20,78%

-11,18%

-25,85%

48,13%

10,32%

88

Kod Biro

4888,24%

-40,61%

-75,00%

2464,50%

18892,09%

271,23%

89

VALCON CROATIA

135,20%

-27,05%

-33,82%

58,18%

79,60%

15,76%

90

ZG INFORMATIKA

91,39%

-36,70%

-18,65%

248,26%

243,22%

36,11%

91

JOHN HARMANDER

-0,37%

19,66%

-79,00%

1268,72%

242,77%

36,07%

92

PLAVI TIM

15,81%

12,74%

10,51%

-6,02%

35,60%

7,91%

93

INNOVATIO PROFICIT

76,37%

60,08%

-1,86%

15,38%

219,69%

33,72%

94

Cambridge Mobile Telematics

310,76%

396,25%

76,78%

-119,25%

-793,58%

 

95

LEMAX

270,04%

337,38%

-23,37%

-28,83%

782,68%

72,37%

96

COMPARO MEDIA

-14,46%

58,66%

45,86%

102,30%

300,44%

41,46%

97

SHAPE 404

32,77%

20,11%

5,05%

-5,65%

58,05%

12,12%

98

MEDIA-SOFT

-0,17%

4,92%

1,54%

47,21%

56,56%

11,86%

99

NEXGEN

25,15%

-20,45%

-6,51%

-15,16%

-21,04%

-5,73%

100

ButterflyMX Croatia

 

-1911,62%

127,68%

3,75%

 

 

Izvor: Fina Info.BIZ

TOP 100 TVRTKI — MARŽA DOBITI 2021.–2025.

Rang Naziv Marža 2021 Marža 2022 Marža 2023 Marža 2024 Marža 2025
1 Nexi Croatia 7,62% 9,79% 18,70% 29,52% 23,03%
2 ERICSSON NIKOLA TESLA 7,41% 8,35% 7,87% 8,70% 7,24%
3 AIRCASH 32,12% 35,06% 26,80% 22,27% 20,48%
4 KING ICT 5,44% 5,68% 5,65% 5,80% 9,92%
5 IN2 23,45% 22,01% 25,73% 35,35% 34,80%
6 Sofa IT 38,84% 29,08% 24,33% 18,10% 24,66%
7 SPAN 3,53% 6,02% 0,46% 2,45% 4,11%
8 COMBIS 4,18% 6,54% 5,02% 8,06% 7,53%
9 CompING 6,29% 9,38% 11,60% 12,92% 12,94%
10 Alma Career Croatia 44,65% 46,94% 49,38% 45,49% 39,93%
11 INFOBIP 2,96% 1,65% 1,57% 7,19% 3,35%
12 Global Payments Software & Services 35,78% 42,20% 37,96% 49,99% 55,50%
13 LIBUSOFT CICOM 15,40% 17,40% 19,43% 27,54% 30,40%
14 PINE STUDIO 55,82% 74,95% 68,14% 60,61% 62,49%
15 ELEKTRONIČKI RAČUNI 27,92% 22,45% 21,03% 21,74% 32,19%
16 PHOBS 52,53% 54,13% 53,96% 51,93% 50,19%
17 MONO 47,33% 38,87% 34,83% 37,21% 30,95%
18 APIS IT 14,17% 10,24% 15,48% 15,65% 4,70%
19 DICE Digital Innovation Center 37,87% 29,56% 19,95% 4,87% 33,38%
20 MICROSOFT HRVATSKA 13,13% 18,64% 13,51% 15,68% 18,75%
21 Super Technologies 15,15% 12,62% 3,66% 3,94% 5,21%
22 ASEE SOLUTIONS 14,21% 2,48% 7,22% 7,79% 7,36%
23 FLABBERGAST 64,32% 63,93% 52,44% 54,62% 52,33%
24 Microblink -5,59% -53,98% -25,10% 29,12% 17,99%
25 INTRALOT Adriatic 0,80% 14,76% 16,10% 16,01% 14,05%
26 VIP-DATA 14,79% 42,87% 61,78% 60,25% 48,01%
27 CROZ 16,06% 14,27% 12,35% 11,09% 8,41%
28 ENDAVA 21,08% 26,58% 17,90% 13,31% 13,58%
29 INGEMARK 32,48% 18,88% 17,91% 30,87% 27,50%
30 Abysalto 0,27% -42,81% -72,54% 0,40% 14,13%
31 MM Games 88,88% 81,48% 77,69% 79,73% 31,08%
32 ERSTE GROUP CARD PROCESSOR 10,74% 13,05% 12,01% 12,95% 12,16%
33 EFT-Usluge 38,91% 44,80% 14,00% 15,08% 15,32%
34 IGEA 24,79% 25,16% 27,03% 32,65% 32,68%
35 GDi Technology Platforms 15,83% 16,94% 22,33% 17,57% 31,04%
36 Barrage 15,95% 13,41% 2,18% 14,24% 23,19%
37 INFIGO IS 17,16% 19,99% 23,07% 13,85% 12,68%
38 Notch Software Solutions 9,21% 16,71% 17,65% 25,38% 19,13%
39 Ignit Group   49,40% 24,28% 23,96% 22,43%
40 Google Hrvatska 6,03% 6,00% 6,81% 7,40% 7,13%
41 zero digital 77,69% 74,63% 61,51% 73,72% 74,34%
42 DABAR INFORMATIKA, , 29,94% 37,72% 38,98% 47,70% 47,34%
43 Amazon Development Center Zagreb   7,35% 7,07% 7,01% 25,09%
44 Visage Technologies 11,27% 11,26% 11,26% 9,27% 10,46%
45 DECODE HQ 19,20% 20,00% 11,90% 22,05% 22,46%
46 iStyle 3,45% 3,10% 2,60% 3,40% 3,25%
47 MIREO 15,55% 25,40% 19,45% 13,67% 12,65%
48 DEVOT SOLUTIONS 34,26% 39,09% 25,07% 7,98% 31,43%
49 SMARTIS 10,29% 5,90% 7,88% 10,05% 16,82%
50 PUPILLA 38,63% 46,64% 44,88% 39,94% 48,27%
51 AVOLA SOLUTIONS 16,02% 16,35% 15,95% 20,08% 15,70%
52 CALISTO 21,08% 7,82% 18,61% 19,42% 63,14%
53 mStart plus -5,80% 1,59% 4,91% 2,31% 3,47%
54 KONČAR - Digital 0,33% 3,72% 7,38% -11,65% 4,74%
55 PROTOTYP 29,79% 27,88% 29,04% 24,99% 37,58%
56 dSPACE engineering 5,23% 6,15% 5,84% 11,61% 8,51%
57 INFINUM 20,47% 13,36% 15,41% 13,42% 5,39%
58 MULTICOM 20,05% 17,41% 11,01% 15,93% 19,19%
59 KROBEL PROMET 14,30% 18,47% 15,03% 16,98% 16,44%
60 C.M.G.C. 13,08% -4,41% -9,53% 12,05% 15,99%
61 BIND TECHNOLOGIES     8,65% 1,73% 6,71%
62 PRO4SEC 41,00% 48,50% 47,78% 50,60% 52,89%
63 ARBONA d. o. o. 19,11% 20,88% 14,25% 17,86% 18,33%
64 DUPLICO 8,15% 6,90% 6,66% 8,51% 6,89%
65 Data Target 9,93% 11,90% 15,72% 15,77% 14,47%
66 SAP 10,52% 1,34% 2,20% 0,99% 6,39%
67 RIS d. o. o. 25,44% 30,32% 18,90% 25,33% 31,74%
68 Marlink Cyber 32,36% 34,17% 22,92% 18,87% 11,37%
69 The Productive Company   20,91% 6,91% 6,94% 15,47%
70 404 10,94% 7,18% 9,39% 7,15% 6,82%
71 SMART NET 12,20% 16,59% 11,43% 17,07% 12,21%
72 EPAM Systems -148,82% 6,24% 6,45% 5,49% 4,86%
73 BULB 12,71% 4,84% 8,69% 25,12% 18,33%
74 M. A. I. SOLUTIONS d. o. o. 8,29% 8,23% 9,00% 10,64% 13,61%
75 Porsche Digital Croatia 13,74% 12,46% 17,23% 16,21% 5,37%
76 SENSO PROFI 7,96% 4,30% 7,49% 6,00% 6,90%
77 Telelink Business Services 6,31% 3,07% -1,84% 5,30% 5,44%
78 BEVEL EDGE     89,94% 93,24% 99,25%
79 JS Mastery   72,29% 64,08% 61,94% 61,53%
80 INTESA SANPAOLO INTERNATIONAL VALUE SERVICES -11,20% 2,51% 4,06% 1,46% 1,36%
81 INTELLEXI 35,40% 40,48% 21,37% 30,97% 31,46%
82 Axion Solutions 52,25% 41,36% 36,14% 40,53% 37,71%
83 INVENTIX, obrt za računalne djelatnosti, trgovinu i knjigovodstvo, vl. Boris Antonić, Kerestinec, Radnička ulica 7 73,62% 78,19% 75,76% 79,74% 72,80%
84 BRAIN INFORMATION TECHNOLOGIES 31,80% 22,30% 28,88% 28,63% 29,34%
85 SVAM PLUS 12,60% 18,29% 21,72% 26,59% 29,06%
86 SETCOR 12,02% 4,67% 4,76% 6,73% 5,98%
87 Eviden Global Delivery Center 8,08% 12,47% 12,00% 10,12% 7,66%
88 Kod Biro 1,97% 44,12% 55,43% 26,65% 75,55%
89 VALCON CROATIA 6,75% 9,24% 6,46% 6,34% 8,55%
90 ZG INFORMATIKA 17,58% 26,95% 16,79% 15,33% 37,15%
91 JOHN HARMANDER 71,01% 69,85% 65,63% 34,09% 69,88%
92 PLAVI TIM 4,00% 4,34% 4,46% 4,44% 4,00%
93 INNOVATIO PROFICIT 19,68% 23,13% 25,22% 20,85% 21,13%
94 Cambridge Mobile Telematics -8,61% -26,82% -128,71% -298,25% 14,20%
95 LEMAX 3,07% 8,71% 26,25% 19,24% 13,77%
96 COMPARO MEDIA 47,46% 37,22% 46,86% 40,32% 42,91%
97 SHAPE 404 22,79% 19,69% 17,75% 15,25% 12,83%
98 MEDIA-SOFT 24,47% 30,35% 31,28% 29,69% 42,65%
99 NEXGEN 27,69% 27,83% 22,90% 22,89% 24,05%
100 ButterflyMX Croatia     19,09% 19,06% 19,04%

Izvor: Fina Info.BIZ

 

SAŽETAK

Analiza dobiti pokazuje da je vrh hrvatskog ICT tržišta u 2025. izrazito koncentriran, pri čemu prvih pet tvrtki ostvaruje vrlo snažne apsolutne rezultate i jasno određuje ukupnu sliku profitabilnosti sektora. Nexi Croatia predvodi poredak s 35,01 milijun eura dobiti, ispred Ericsson Nikola Tesle s 17,31 milijun eura i Aircasha sa 16,77 milijuna eura, dok KING ICT i IN2 potvrđuju važnost velikih integratora i softverskih kuća. Ključni nalaz je da dobit više ne dolazi samo iz tradicionalnih ICT projekata, nego sve snažnije iz platnih sustava, fintech modela, digitalnih platformi, razvojnih centara, poslovnog softvera i specijaliziranih usluga visoke dodane vrijednosti. Istodobno, veliki rasponi rasta i pada dobiti pokazuju da je tržište profitabilno, ali i osjetljivo na projektne cikluse, ulaganja, troškove rada i promjene poslovnog modela.

 

ZAKLJUČAK

Dobit u 2025. potvrđuje da se hrvatsko ICT tržište sve jasnije dijeli na tvrtke koje ostvaruju visoku profitabilnost zahvaljujući skalabilnim digitalnim modelima, platnim sustavima, softverskim platformama i specijaliziranim uslugama te na one čiji rezultati snažnije ovise o projektnim ciklusima i jednokratnim poslovima. Vrh poretka pokazuje veliku koncentraciju zarade, ali širina TOP 100 liste potvrđuje da postoji i snažan sloj srednjih i manjih poduzeća koja uspijevaju stvarati održivu dobit. Najvažniji zaključak jest da profitabilnost više nije vezana samo uz veličinu tvrtke ili prihod, nego sve više uz sposobnost stvaranja proizvoda, ponovljivih usluga, izvozne vrijednosti i poslovnih modela koji ICT znanje pretvaraju u stabilan financijski rezultat.