PJSC Ukrnaftoburinnya, managed by PJSC Ukrnafta, received UAH 1.19 billion in net profit in 2024, of which UAH 1.074 billion was allocated to the state budget, according to a press release from Ukrnafta on Thursday.
“In August 2024, Ukrnaftoburinnya resumed work at the Sakhalin field in the Kharkiv region. The company’s net profit for 2024 is UAH 1.19 billion. Today, UAH 1.074 billion, or 90% of net profit, was paid to the state budget,” said Yuriy Tkachuk, acting director of Ukrnafta.
In turn, according to the head of the National Agency for Asset Tracing and Management (ARMA) Olena Duma, the Sakhalin field is an example of how effective management and a clear legal position can yield concrete results for the economy in wartime.
“We are showing that seized assets can work for the state today,” Duma is quoted as saying in a press release from Ukrnafta.
The company recalled that in July 2024, Ukrnafta transferred a tranche of UAH 747.7 million to the state budget of Ukraine, received from the management of Ukrnaftoburinnya.
In July 2023, the Cabinet of Ministers of Ukraine transferred the corporate rights of PJSC Ukrnaftoburinnya to PJSC Ukrnafta. In December 2023, the court suspended gas production at the Sakhalin field located in the Bohodukhiv district of the Kharkiv region. However, in August 2024, the company resumed its work and, according to Ukrnafta, has been working to increase production ever since.
Ukrnaftoburinnya is one of the largest private gas production companies in Ukraine. Since 2010, it has been developing the Sakhalin oil and gas condensate field with reserves of 15 billion cubic meters of gas.
Ukraine’s state budget revenues in April 2025 amounted to UAH 336.2 billion, including UAH 274.7 billion from the general fund, which is 65.2% and 77.7% more than in April 2024, according to preliminary data from the State Treasury published on the Ministry of Finance website on Monday.
The agency specified that value added tax (VAT) on goods produced in Ukraine in April this year brought in UAH 27.6 billion compared to UAH 23.2 billion last year, while VAT refunds increased to UAH 13.0 billion from UAH 12.0 billion.
Import VAT added another UAH 40.6 billion to the budget (UAH 39.3 billion in February 2024), corporate income tax – UAH 5.6 billion (UAH 3.2 billion), personal income tax and military tax – UAH 29.7 billion (UAH 16.8 billion), rent payments for subsoil use amounted to UAH 3.2 billion (UAH 5.3 billion). Excise tax brought in another UAH 24.2 billion (UAH 17.3 billion), import and export duties amounted to UAH 4 billion (UAH 4 billion).
Revenues from the Unified Social Tax to the Pension Fund and social insurance funds in April this year increased to UAH 54.9 billion from UAH 44.4 billion last year, the Ministry of Finance added.
It is noted that the State Tax Service exceeded the monthly revenue target by 14.3%, or UAH 10.4 billion, while the State Customs Service fell short by 8.0%, or UAH 4.6 billion.
In addition, in April 2025, the general fund of the state budget received UAH 63.9 billion from the National Bank of Ukraine, which transferred part of its profits to the state budget, and UAH 69.2 billion in international aid (grants), while in April last year these revenues amounted to UAH 38.6 billion and UAH 2.7 billion, respectively.
In total, over the first four months of this year, Ukraine’s state budget revenues amounted to UAH 1 trillion 262.4 billion, including UAH 856.3 billion in the general fund, which is 49.3% and 37.3% more than in 2024, respectively. Among other things, international assistance in the form of grants increased more than fourfold, from UAH 40.3 billion to UAH 167 billion.
The Ministry of Finance also indicates that actual government borrowing to the general fund of the state budget in January-April 2025 amounted to UAH 604.0 billion, or 104.0% of the planned amount for this period, while in the same period last year, it amounted to UAH 564.1 billion, or 96.5% of the plan.
At the same time, the placement of government bonds increased to UAH 154.0 billion from UAH 143.3 billion, while in foreign currency it even decreased to $642.0 million and EUR188.8 million from $749.5 million and EUR552.1 million last year. In addition, sales of military government bonds fell to UAH 77.3 billion from UAH 111.4 billion.
External sources provided UAH 450.0 billion (or about $10.8 billion) in the first four months of this year, compared with UAH 420.8 billion ($10 billion) in the first four months of last year.
Payments on state debt repayment for January-April 2025 increased to UAH 225.2 billion compared to UAH 146.7 billion for January-April 2024, and service payments increased to UAH 92.5 billion from UAH 64.5 billion.
As reported, the 2025 state budget was approved with revenues of UAH 2 trillion 327.1 billion, including the general fund of UAH 2 trillion 133.3 billion (excluding grants and international aid), and expenditures of UAH 3 trillion 929.1 billion, including the general fund – 3 trillion 591.6 billion UAH.
According to the Ministry of Finance, in 2024, the state budget received 3 trillion 120.5 billion UAH in revenues, which is 448 billion UAH, or 16.8%, more than the 2023 state budget. The general fund’s revenue grew by 513.9 billion UAH, or 30.9%, to 2 trillion 177 billion UAH, including international financial assistance in the form of grants amounting to 453.6 billion UAH compared to 433.9 billion UAH in 2023.
State budget expenditures in 2024 increased by UAH 464.5 billion, or 11.6%, compared to 2023, to UAH 4 trillion 479.3 billion, including the general fund increased by 15%, or UAH 454.5 billion, to UAH 3 trillion 488.8 billion.
On April 7, PJSC Ukrnafta opened a tender for health insurance for its employees, according to the Prozoro system. According to the report, TAS Insurance Group had the lowest price offer of UAH 142.9 million for the expected cost of UAH 182.980 million.
Other insurance companies participating in the tender are Transmagistral – UAH 147.126 million, Arsenal Insurance – UAH 159.180 million, Unika – UAH 159.190 million, and VUSO – UAH 159.676 million.
The companies are awaiting the final decision.
In 2024, Metinvest Mining and Metallurgical Group, including its associates and joint ventures, increased its payments to the budgets of all levels in Ukraine by 36% compared to 2023, to UAH 19.8 billion.
According to the company’s press release on Thursday, Metinvest has continued to support the country’s economy for almost three years of full-scale war.
The largest payment in terms of volume is the subsoil use fee, which has more than doubled year-on-year to UAH 5 billion. The second largest was the unified social tax of UAH 3.7 billion, up 13%. The top three largest payments include UAH 3.4 billion in personal income tax, which is 11% higher than in 2023.
In addition, Metinvest’s Ukrainian enterprises paid UAH 2.6 billion in corporate income tax last year, which is 20% less than in the previous year. Land payments increased by 6% year-on-year to UAH 1.3 billion, and environmental tax by 18% to UAH 717 million.
“The war increases the level of responsibility of business to the army, the economy and every Ukrainian. Despite all the challenges, we have not only maintained stability but also managed to reach the tax payment level of 2022, when we had a certain pre-war safety margin. This demonstrates our ability to adapt and find new opportunities. “Metinvest remains one of the largest taxpayers and private donors to the Armed Forces of Ukraine, and we continue to support the country in these difficult times,” said Yuriy Ryzhenkov, CEO of Metinvest.
As reported, Metinvest increased its tax payments by 38% to UAH 15.2 billion in the first nine months of 2024. In the first half of 2024, the Group increased its tax payments by one and a half times to UAH 10 billion. In total, in 2023, the company paid UAH 14.6 billion to the state budget.
“Metinvest is a vertically integrated group of steel and mining companies. The group’s enterprises are mainly located in Donetsk, Luhansk, Zaporizhzhia and Dnipro regions. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
In 2025, Agro-Region will increase its total budget for the purchase of inventory by 15%, the company’s press service reported on Facebook.
“The total budget for inventories in 2025 will increase by 15%, but this is due to a change in crop rotation: we are increasing the share of corn, which is a more expensive crop. If we consider the costs of each crop separately, the growth will be about 5%, but this is not due to prices, but to the use of more expensive technology (more fertilizers and more expensive plant protection products),” said Dmytro Tarasyuk, Chief Procurement Officer of the agricultural holding.
According to him, fertilizers always account for the largest share of costs in the procurement structure. In the 2025 season, they are about twice as expensive as seeds, fuel or pesticides. However, thanks to early purchases, Agro-Region was able to save significantly on fertilizers. The agroholding purchased most of the fertilizers in June 2024, at the “bottom of the price”. This helped to avoid a shortage of phosphate fertilizers that occurred in July and August, as well as additional costs, as nitrogen fertilizer prices rose by 25% by January. The agricultural holding also split the purchase of nitrogen fertilizers into two parts to avoid financial burden and spread risks.
Tarasiuk noted that Agro-Region also purchases seeds in advance. As early as November 2024, 90% of the need was contracted, taking advantage of the maximum discounts for early contracting. The remaining 10% are test hybrids that the agricultural division is testing.
“We also purchase plant protection products (PPPs) as early as possible, especially seed treatment products, soil herbicides and growth regulators. In addition, we create an “emergency” stock of herbicides and insecticides for possible force majeure, such as the unforeseen appearance of pests. This allows us to be flexible in our production processes,” said the head of the division.
He also said that after the outbreak of war, Agro-Region increased its own fuel storage capacity, which made it possible to ensure seasonal operations even in crisis conditions. Currently, the agricultural holding has about 20% of the fuel requirements for the spring sowing season.
“Unfortunately, oil prices remain at $80 per barrel, so we decided to postpone major purchases. We are watching the market and may switch to spot purchases in small batches this year, as it is likely that the later we buy, the cheaper it will be,” summarized the agricultural holding’s procurement director.
Agro-Region owns a land bank of 39 thousand hectares in Kyiv, Chernihiv, Zhytomyr and Khmelnytsky regions. It specializes in crop production. It consists of 11 companies organized into four crop production clusters. It has two elevators – Boryspil elevator with a capacity of 73 thousand tons and Miropil elevator with a capacity of 52 thousand tons.
Agro-Region’s annual harvest of grains and oilseeds is up to 200 thousand tons.
In April 2021, the Swedish company Lobiu Sala AB, owned by the former Minister of Economy of Ukraine Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to buy the Swedish Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.
On January 24, the State Specialized Economic Enterprise “Forests of Ukraine” announced a tender for compulsory motor vehicle liability insurance for owners of land vehicles (CMTPL). According to the electronic public procurement system Prozorro, the expected value of the insurance services is UAH 23.962 million.
The amount of the bid security: UAH 480 thousand. The deadline for submitting bids is February 1.
