Business news from Ukraine

Business news from Ukraine

Ukrnafta paid state UAH 22.5 bln in taxes and UAH 5 bln in dividends in January-September 2025

20 October , 2025  

Ukrnafta JSC paid UAH 22.5 billion in taxes and UAH 5 billion in dividends to the state in January-September 2025, the company said on Monday, citing acting chairman of the board Yuriy Tkachuk.

“Thank you to the entire 20,000-strong team at Ukrnafta – the people who ensure stable production, network development, scientific research, and innovation even in the most difficult conditions,” he said.

Ukrnafta JSC is Ukraine’s largest oil producer and operator of the largest national network of gas stations, UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it completed a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.

The company is implementing a comprehensive program to restore operations and update the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTA cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

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 to the state the corporate rights of the company that belonged to private owners and is now managed by the Ministry of Defense.

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