Lakušić: Board of Directors dismissed at a time when Regional Waterworks is achieving the best results in history

The dismissed chairman of the Board of Directors of the Regional Water Supply Company of the Montenegrin Coast, Zoran Lakušić, asked why the Government decided to dismiss the board at a time when the company was achieving "the best financial and business results in its history."

He said that the Regional Water Supply Company "continues to confirm its stability, responsibility and development strength through the exceptional results achieved in 2025."

Lakušić is an official of the Democratic People's Party, which recently left the executive branch.

"At the 76th meeting of the Board of Directors in the previous convocation, financial statements were discussed that unequivocally confirm the strong progress of the Company. The 2025 business year ended with an impressive net profit of 1.512.676 euros, which is almost twice as good a result as in 2024, when the net profit amounted to 807.594 euros. This continuous growth clearly demonstrates responsible management, strategic planning and efficient use of resources. The Company's total revenues reached 9.581.872 euros, with stable revenues from water supply and a significant contribution from the special fee for investments. On the other hand, total expenses were controlled and amounted to 8.069.196 euros, which confirms a high level of financial discipline," Lakušić announced.

Particularly encouraging, he said, is the fact that the company's total fixed assets amount to more than 95 million euros, "which indicates a strong infrastructure base and long-term sustainability of the system."

"At the same time, the Company's liquidity has been preserved, the current liquidity ratio is 1,01, which means that all short-term liabilities are covered by available assets. The Company's capital amounts to over 70 million euros, with continuous growth in retained earnings, which further confirms the stability and security of operations. Despite existing liabilities, the level of indebtedness is under control, and the achieved results clearly demonstrate the Company's ability to properly service its liabilities and continue with the investment cycle," he adds.

The efficiency indicators, as he said, particularly highlight 2025 as a record year, and the efficiency coefficient of 1,34 indicates that the Regional Water Supply Company is generating "significantly more revenue per unit of expenditure than in previous years." This, says Lakušić, is clear evidence of rational and efficient management.

He says that the achieved results are not accidental, but are the result of dedicated work, responsible management, and a clear vision for the development of the Regional Water Supply Company.

"With the historic level of financial indicators and record results in water delivery, the Company is confirming itself as one of the key pillars of infrastructural stability and development of the Montenegrin Coast. The Regional Water Supply Company Montenegrin Coast continues to be an example of a successful and sustainable public enterprise, ready to respond to all challenges and provide safe water supply for citizens and the economy, with further development and improvement of the system in the years to come. Despite these impressive and historic results, which clearly confirm stability, growth and responsible management, the question remains open, why the Government decided to replace the Board of Directors at the very moment when the Company is achieving the best financial and business results in its history," the statement reads.