The general meeting of shareholders of JSC Concern Galnaftogaz has decided to allocate most of its net profit for 2024 to dividend payments, according to the SMIDA information disclosure system.
According to the report, the total amount of dividends payable for last year is UAH 1.26 billion. The dividend per share is UAH 0.064. The payment period is from May 26 to October 30, 2025 (inclusive).
In accordance with this decision, on May 8, the board of directors of the concern decided to set May 23 as the date for compiling the list of persons entitled to receive dividends.
As reported, at the end of 2024, JSC Concern Galnaftogaz received UAH 1.424 billion in net profit. “Our company pays dividends from one business and reinvests the funds in the creation of new infrastructure and jobs in Ukraine in others. We are talking about our projects in renewable energy – we are building a 147 MW wind farm, with plans for a second phase with a larger capacity of 190 MW; a biofuel production plant is also under construction, and we are developing the agricultural sector. Investments in alternative energy alone amount to over €600 million. These projects are being implemented despite all the military risks, which demonstrates our company’s long-term business motivation within the country,” commented Vasyl Danylyak, CEO of the OKKO group of companies.
Vitaliy Antonov, a shareholder of GNG RETAIL LIMITED registered in Cyprus, who owns 99.22619% of its shares, initiated the distribution of profits at the shareholders’ meeting on April 30, 2025, as follows: UAH 1.26 billion for dividends and UAH 165.67 million to be left undistributed at the disposal of the joint-stock company.
Another draft resolution of the meeting on the distribution of profits provided for leaving it undistributed at the disposal of the joint-stock company.
Galnaftogaz manages one of the largest OKKO fuel station chains, which has over 400 complexes with a network of catering establishments. The concern also includes other businesses.
In June 2024, the EBRD and OKKO signed a EUR60 million loan agreement at the Ukraine Recovery Conference in Berlin for the construction of a new bioethanol plant in the Ternopil region with a capacity of 83,000 tons per year. It is planned to be built in two years. The products will be sold on foreign and domestic markets.
Recently, Vasyl Danylyak, CEO of the OKKO group of companies, announced that its 20 MW energy storage facility (ESF), which was completed at the end of 2024, could start providing energy balancing services to NEC Ukrenergo next month.
He also noted that the group is diversifying its business and, as part of this diversification, is developing a number of projects in renewable energy.
According to Danylyak, active preparations are underway for the construction of a 147 MW wind farm in the Volyn region, with financing provided by a number of international financial institutions. The company plans to complete the first phase of the wind farm by the end of this year, with full capacity expected to be reached by the end of the first quarter of next year.
Danylyak also announced further plans to implement a larger project in the Volyn region – a 190 MW wind farm, which has been under development for the past two years. Its cost is estimated at EUR 300 million, while the 147 MW wind farm is estimated at EUR 240 million.
According to him, the company is working with various financial institutions to raise funds for this project.
