Once a symbol of Macedonian construction, Granit AD Skopje is posting a serious drop in business activity over the past two years. The financial figures show a company working with an ever smaller volume year after year, while its headcount shrinks at the same time.

Granit's total revenue in 2023 stood at 5.26 billion denars. In 2024 it fell to 3.84 billion, and in 2025 it dropped further, to 3.16 billion. That means in just two years the company lost more than 2.1 billion denars in revenue - nearly 40 percent of its business volume.

The headcount is falling alongside the revenue. Where Granit had around 990 employees in 2023, by 2025 the figure hovers around 780. That is a cut of more than 200 jobs in a relatively short stretch.

The company does report a 2025 profit of around 148 million denars, but it is several times smaller than the profit booked in 2024. Results like these raise questions about how competitive the company still is and whether it can land new large infrastructure and construction projects.

For decades Granit was one of the largest and most recognisable construction firms in Macedonia, building roads, bridges, hydro-engineering structures and a long list of infrastructure projects. Today the numbers paint a different picture - less work, less revenue and fewer people on the payroll.

What's particularly worrying is that the revenue decline is now in its third straight year. If the trend holds into the coming period, the company could lose even more of the position it held for decades on the domestic construction market.

The data shows Macedonian construction is in a period of serious change, and the Granit case is one of the clearest signs that not even the biggest companies are immune to falling investment, sharper competition and shifting market conditions. For a firm that once carried the country's largest state projects, a near-40-percent revenue drop and the loss of more than 200 jobs are a serious signal that a new strategy for survival and growth is needed.