Business news from Ukraine

Business news from Ukraine

Ukrnafta received UAH 5.2 bln in net profit

5 September , 2025  

Ukrnafta JSC received a net profit of UAH 5.2 billion in January-June 2025, the company reported on Thursday.

“The company’s results are included in the condensed consolidated interim financial statements of Naftogaz of Ukraine JSC for the six months ended June 30, 2025,” the company said.

KPMG is conducting a review of these financial statements. As part of the audit, KPMG Audit carried out procedures to review Ukrnafta’s financial information.

“During the same period, Ukrnafta paid UAH 14.8 billion in taxes, fees, and customs duties to the state budget and transferred UAH 5 billion in dividends,” the company added.

As reported, Ukrnafta’s net profit for 2024 amounted to UAH 16.38 billion. At the same time, the company transferred UAH 5 billion in dividends to the state budget based on its performance in 2024.

Ukrnafta is Ukraine’s largest oil producer and operator of the national network of gas stations. In March 2024, it took over the management of Glusco’s assets and currently operates 545 gas stations.

The company holds 92 special permits for industrial development of deposits. It has 1,832 oil and 154 gas production wells on its balance sheet.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the company’s corporate rights, which belonged to private owners, to the state, and they are currently managed by the Ministry of Defense.

Ukrnafta’s net profit for 2024 was UAH 16.38 billion.

 

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