According to the company’s financial statements, the net profit of the Ukrainian GTS Operator LLC (GTSOU) for 2024 amounted to UAH 2.8 billion.
As the company reported on Wednesday, the Supervisory Board of GTSOU at its regular meeting on April 4 recommended that the general meeting (Ministry of Energy of Ukraine) approve the annual financial statements for 2024.
“Despite the end of natural gas transit, which had a significant impact on the impairment of the company’s assets at the end of the reporting year, the company made a profit of almost UAH 3 billion last year and is ready to pay significant dividends to the state budget,” said Dmytro Lypa, CEO of GTSOU.
The company, in particular, appealed to the Ministry of Energy with a proposal to approve the allocation of 75% of net income, namely UAH 2.1 billion, to pay dividends to the state budget.
The statutory audit of GTSOU was conducted by the independent auditing firm Crowe Erfolg Ukraine, which issued an unqualified audit opinion.
“The company’s financial statements for 2024 present fairly, in all material respects, the financial position of GTSOU as of December 31, 2024, and its financial results and cash flows for the year in accordance with international financial reporting standards,” the auditor’s report cited by the company states.
Gas TSO of Ukraine LLC is a natural monopoly that provides natural gas transportation to consumers in Ukraine and the EU. Since January 1, 2020, GTSOU has been a certified operator of the Ukrainian gas transportation system, completely independent of vertically integrated enterprises. In 2024, GTSOU generated over UAH 38.5 billion in revenue.
On October 27, 2023, as part of the corporate reform, 100% of the GTSOU’s authorized capital was transferred to the Ministry of Energy of Ukraine.
