Bosnia’s Igman Returns to Recovery and Profitability Under Prevljak
Bosnian ammunition producer Igman recorded a profit of approximately EUR 1.23 mil in the first half of 2026, reversing a EUR 7.82 mil loss from the previous year. The result provides an early measure of the stabilization program led by director Adnan Prevljak and the company’s management team.
Igman Konjic reported a positive financial result of approximately EUR 1.23 million for the first six months of 2026, marking a significant improvement after the Bosnian ammunition manufacturer ended 2025 with a loss of around EUR 7.82 million.
The turnaround gives the management team led by director Adnan Prevljak a measurable result following a period marked by raw material shortages, interruptions to production, and pressure on the company’s finances.
According to Igman, management introduced measures intended to improve internal processes, raise operational efficiency, and strengthen the company’s financial sustainability. The manufacturer maintained production and continued fulfilling obligations to international customers despite supply chain disruptions and higher raw material costs.
Prevljak credited the company’s employees for the first-half result, emphasizing the role of their technical knowledge, responsibility, and commitment. His focus on the workforce highlights the importance of retaining experienced personnel in an ammunition sector where production continuity and quality control depend heavily on specialized skills.
Igman employs around 1,300 people and produces small-caliber ammunition for domestic and international markets. The company has also pursued production modernization and measures to improve the reliability of its industrial infrastructure under Prevljak’s leadership.
The first-half profit does not remove the operational risks facing the company, particularly its exposure to imported raw materials and changing international supply conditions. However, the shift from a substantial annual loss to positive earnings indicates that the stabilization measures introduced by the new management are beginning to produce financial results.
For Bosnia and Herzegovina, Igman’s recovery is relevant beyond the company itself. Its production capacity, workforce, and export position make it an important part of the country’s defense-industrial base and a potential supplier within the wider European ammunition market.
