Centrenergo PJSC, 78.3% of whose shares are owned by the state, reported a net profit of UAH 4.6 billion for 2025, following years of losses, the company announced.
“23 billion UAH in revenue, 4.64 billion UAH in net profit, 22% profitability, 2.7 billion UAH in taxes and fees paid, 2 billion UAH in debts from previous periods repaid, 2 billion UAH of own funds spent on recovery after shelling,” the company stated in a Facebook post on Thursday.
The company also noted that its equity increased from a deficit of 6 billion UAH to a surplus of 2 billion UAH, calling this an exit from default.
“This is more than just a financial result. We have proven that a state-owned company can be effective and become a pillar of support for the country. Even under shelling, we bring benefit to the country and light to Ukrainians,” emphasized Centrenergo CEO Yevhen Harkavyi.
The company noted that over the course of the year, it sustained over 100 hits during shelling by the Russian Federation.
As reported, the State Property Fund, as the owner of 78.289% of the shares in PJSC “Centrenergo,” proposes to allocate between 1.2 billion UAH and 3 billion UAH for dividends based on the company’s 2025 performance, representing 30% and 75% of its net profit, respectively. The meeting is scheduled for April 24.
In December 2025, in an interview with Interfax-Ukraine, Andriy Hota, then-chairman of Centrenergo’s supervisory board, noted that the company was expected to end 2025 with a financial result that, in his words, had been achieved for the first time in decades—approximately 4.5 billion UAH in net profit. He added that starting in July 2024, when Yevhen Harkavyi was appointed CEO, Centrenergo had not posted a loss in a single month. In addition, the company has repaid nearly 2.5 billion UAH in debts from previous periods, including those owed to state-owned mines and Naftogaz, and has stopped accumulating new debt. At the same time, he noted that Ukrenergo owes the power company 2.2 billion UAH for work on the balancing market.
On April 2, at a meeting of Centrenergo shareholders, the State Property Fund proposed former Economy Minister Bohdan Danylyshyn and former Environment Minister Ruslan Strilets as candidates for members of its supervisory board—as its representatives. In addition, the State Property Fund proposed three independent members for the supervisory board: Farid Safarov, former deputy head of the Ministry of Energy from 2021 to 2024, who has also served as chairman of the supervisory board of JSC “UkrTatNafta” for the past four years and, since 2025, an advisor to the chairman of PJSC “Ukrnaftovoronburinnya,” Yelyzaveta Pushko-Tsybulyak, who served as head of the Finance Department from 2020 to 2023 and as a member of the Accounting Chamber of Ukraine from 2024 to 2025, as well as Benoît Plesca, who has headed the supervisory board of PJSC “Ukrainian Danube Shipping Company” from 2025 to the present, and served as chairman of the supervisory board of JSC “Ukrposhta” from 2018 to 2023.
