Which energy companies were included in the Opendatabot Index?
According to the Opendatabot Index, the total revenue of the top 10 energy companies in Ukraine amounted to almost UAH 750 billion. Half of the top companies are state-owned, and 4 more belong to Rinat Akhmetov’s SCM Group. For the second year in a row, D.Trading, which is part of SCM Group, remains the leader.
According to the Opendatabot Index, the leaders of Ukraine’s energy sector earned UAH 745.87 billion last year. This is 8% more than the total revenue of these companies in 2022, which is UAH 688.45 billion.
This year’s ranking includes 5 state-owned companies and 4 companies belonging to Rinat Akhmetov’s SCM Group. Another company, Kyiv Oblast Energy Company LLC, is owned by Nelia Kostenko.
8 of the top companies are engaged in electricity generation and trading, and two more are engaged in gas trading.
D.Trading, which is part of SCM Group, has been the leader of the group for two years in a row. Last year, the company’s revenue increased by 15% compared to 2022: from UAH 144.18 billion to UAH 165.65 billion. At the same time, net profit increased by 30% in 2023.
Two other companies of Rinat Akhmetov managed to get the biggest increase in revenue. Thus, Kyiv Energy Services increased its revenue by 1.5 times, and Dnipro Energy Services by one third compared to 2022.
It is worth noting that Dnipro Energy Services received the largest increase in profits – 2.5 times – among all the companies included in this year’s Energy Index.
On the contrary, DTEK Zakhidenergo, the fourth company of SCM Group, decreased its revenue by 16% over the year. Last year, the company suffered a loss of UAH 164 million.
Overall, the total revenue of 4 companies owned by Rinat Akhmetov amounted to UAH 262.48 billion in 2023. This is 35% of the total revenue of the top 10 energy companies in the Opendatabot Energy Index.
The ranking of the best companies in the energy sector includes 5 state-owned companies, but only two managed to increase their revenue last year. Thus, Ukrhydroenergo increased its earnings by 30%, and NNEGC Energoatom – by 15%.
It is worth noting that Ukrhydroenergo received the largest net profit among the 10 companies in the Index in 2023 – UAH 17.3 billion. This is almost half as much as in the first year of the full-scale invasion. The revenue of state-owned Ukrenergo remained almost unchanged over the year, at over UAH 82 billion.
Two other state-owned companies involved in gas trading reduced their revenues in 2023 compared to 2022: Naftogaz of Ukraine by 4% and Naftogaz Trading by 9%. Both companies suffered losses in 2023, totaling UAH 10.29 billion.
The last place in the top is taken by Kyiv Regional Energy Company LLC, owned by Nelia Kostenko. The company increased its revenue by 29%, while its profit decreased by a quarter compared to the first year of the full-scale invasion.
https://opendatabot.ua/analytics/index-electricity-2024
