Risk in business represents the potential possibility that some unfavorable or unforeseen event may occur that may have a negative impact on the company's operations. In the context of financial markets, risk is inseparable from investment decisions and portfolio management. The Zagreb Stock Exchange, as the central place of securities trading in Croatia, represents a platform where supply and demand for capital meet, and the transparency and quality of risk information are key to its efficiency and integrity. This paper investigates the risk reporting practices of companies listed on the Zagreb Stock Exchange, with a special emphasis on how characteristics such as company size, activity and leverage affect risk reporting. The most important research results indicate that there is a significant difference in the reporting of different types of risks. Credit risk is the most frequently reported risk, while currency and price risks are less consistently reported. Also, the introduction of the euro as the official currency in Croatia reduced the currency risk for many companies. The research hypotheses were not accepted and financial risks are more often the topic of reporting than business risks.