A mining company linked to Viktor Orbán’s nephew has suffered a major financial collapse and appears to have shut down operations following years of rapid growth and a fatal accident at its quarry site.

According to Hungarian media reports based on the firm’s latest financial filings, the company Murobán Ltd., co-owned by Dávid Orbán and Győr-based lawyer Máté Mürkl, recorded a steep reversal in fortunes in 2025 after previously posting significant profits, reports 444.

From stellar expansion to heavy losses

Murobán Ltd. was established in 2017 and operated a gravel, sand and clay mine in Vámosszabadi, near Győr. For several years, the business appeared to be thriving. Revenue climbed sharply from only HUF 65,000 (EUR 183) in 2021 to HUF 46 million (EUR 129,900) a year later, before reaching HUF 212 million (EUR 598,500).

The company’s strongest year came in 2024, when turnover reportedly reached HUF 627 million (EUR 1,770,000) and the business generated a profit of around HUF 165 million (EUR 465,800). However, the latest accounts show a dramatic collapse.

Revenue effectively disappeared in 2025, while other income fell from more than HUF 1 billion (EUR 2,823,000) to just HUF 11 million (EUR 31,000). The company also reduced its workforce to zero employees. As a result, the former profit turned into a HUF 55 million (EUR 155,000) loss within a single year.

Rivals previously disadvantaged

The mining operation had earlier benefited from controversial traffic restrictions in the Győr area. Back in August 2023, investigative outlet Átlátszó reported that Hungarian Public Roads placed a 20-tonne weight restriction between Győrzámoly and Győrújfalu, on a road section that takes approximately 40 seconds, making it difficult for competing mines to transport material to a nearby mixing plant.

While rival operators reportedly failed to obtain exemptions, Dávid Orbán’s mine was unaffected by the restriction, helping the company strengthen its market position at the time.

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Fatal accident followed by closure

The company’s prospects appear to have deteriorated rapidly after a fatal workplace accident in the summer of 2024. According to RTL, a worker at the Vámosszabadi mine was struck and killed by a reversing loader vehicle on the site.

Roughly half a year later, signs emerged that the quarry had ceased operations permanently. In February 2025, the Vámosszabadi site was removed from the company register as a branch location, while online listings now describe the mine as “permanently closed”.

Although the firm managed to reduce its debts significantly, its equity reportedly fell into negative territory, raising questions about its future. Under Hungarian accounting rules, the owners may eventually be required to inject additional capital into the company to keep it afloat.

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Featured image: Orbán Viktor/Facebook