In 2025, companies belonging to the Smart Holding investment group paid UAH 860 million to the state budget, which is 28.3% less than in 2024 and 4.3 times less than in 2022, according to a press release from the holding company.
“(This) became an anti-record since 2016 in terms of filling the state budget of Ukraine. Such a significant reduction was the result of forced downtime of Smart Energy gas production enterprises due to the systematic blocking of licenses since 2023,” the company explained.
The group recalled that in 2023, Smart Energy’s gas production enterprises in the Kharkiv region were initially blocked for 1.5 years due to sanctions imposed on the group’s owners, and now gas production in the Poltava region has been suspended for a year.
The release does not contain data on the volume of consolidated revenue for 2025 and its dynamics, but it is stated that “due to the reduction in operating activities, UAH 3.2 billion in planned investments in Ukrainian subsoil resources were suspended, and the mark of UAH 3.1 billion in aid to protect Ukraine in 2025 has not changed.”
Smart Holding specified that in 2022, its enterprises paid UAH 3.7 billion to the state budget, in 2023 – UAH 1.6 billion, and in 2024 – UAH 1.2 billion.
The group for the restoration of gas production once again proposes to specify the type of sanctions imposed by the NSDC decision of October 8, 2024, and recalls that a similar instrument, without lifting the sanctions against the ultimate beneficiaries, has already been used in Ukraine.
Smart Energy, part of the Smart Holding investment group, implements projects for the exploration and industrial development of hydrocarbon deposits and was one of the five largest private gas producers in Ukraine, producing a total of over 1 million cubic meters of gas per day at the start of full-scale Russian military aggression.
Before the war, the hydrocarbon reserves at Smart Energy’s gas production assets were estimated at C1+C2 categories in the amount of 22.633 billion cubic meters of gas and 3.722 million tons of condensate.
