The latest test marks the Croatian Navy’s second firing of an RBS15 anti-ship missile this year.
In May, the navy conducted an RBS15 test firing from one of its land-based launchers.
During the recent test, the missile was fired from the Kralj-class missile boat Dmitar Zvonimir, which was the country’s first firing of an RBS15 from a warship since 1994.
Saab business unit missile systems head Stefan Öberg said: "The target was completely destroyed by the missile, in a testament to the maintainability and reliability of the RBS15, and the Croatian customer’s expertise and technical know-how.
"This level of expertise will surely mean that these missiles will remain in service with the Croatian Navy well into the future.
RBS15 Mk3 surface-to-surface missiles (SSM), the latest variant of the RBS15 anti-ship missile family, is a fire-and-forget, subsonic cruise type missile designed for launch from ships and trucks.
The missile can be used for both anti-ship missions and land strikes, and it is available in three versions, namely ship-launched, truck-launched, and air-launched varieties.
Croatian Army general staff chief general Drago Lovric said: "The RBS15 missile is the primary armament of our missile gunboats and the firing of this missile indicates the purpose of the existence and the ability of these gunboats.
"Furthermore, we showed that the Croatian Navy is ready to defend every part of the territorial sea and target any enemy ship that jeopardises our national territory."
According to Saab, the latest was part of the wider Exercise Joint Force 15, which was held in the Eugen Kvaternik military training area, Slunj, and on the naval ranges at Dugi otok.