JSC Concern Galnaftogaz may allocate most of its net profit for 2024 in the amount of UAH 1.424 billion, namely UAH 1.26 billion, for dividends, so that UAH 165.67 million is left undistributed at the disposal of the company, according to the information disclosure system of the National Securities and Stock Market Commission.
It is reported that the initiative to distribute net profit at the shareholders’ meeting scheduled for April 30, 2025 belongs to the Cyprus-registered shareholder of GNG RETAIL LIMITED (Vitaly Antonov’s GNG RETAIL LIMITED), which owns 99.22619% of the company’s shares.
Another draft resolution on the distribution of net profit provides for leaving it undistributed at the disposal of the company.
As reported, Galnaftogaz operates one of the largest networks of OKKO filling stations, which includes more than 400 complexes with a network of catering facilities. The concern also includes other businesses.
Last June, the EBRD and OKKO signed a EUR60 million loan agreement at the Ukraine Recovery Conference in Berlin to build a new bioethanol plant in Ternopil region with a capacity of 83,000 tons per year. It is planned to be built in two years, and the products will be sold on foreign and domestic markets.
Recently, OKKO Group CEO Vasyl Danyliak said that its 20 MW energy storage facility, which was completed at the end of 2024, could start providing power system balancing services to NPC Ukrenergo next month.
He also noted that the group is diversifying its business, and as part of this diversification, it is developing a number of renewable energy projects.
According to him, active preparations are underway for the construction of a 147 MW wind farm in Volyn region, for which a number of IFIs have provided loans: the company plans to complete the first phase of the wind farm by the end of this year, and it will be fully operational at the end of the first quarter of next year. In addition, Danyliak noted that further plans include the implementation of a larger project in the Volyn region – a 190 MW wind farm, which the company has been working on for the past two years. He estimated its cost at EUR300 million, while the 147 MW wind farm is worth EUR240 million. According to him, the company is working with various financial institutions to raise funds for this project.
