Ukrnafta transferred UAH 5 billion in dividends to the state budget based on its 2024 performance, the company said on Wednesday.
According to the company, the dividend payments to Naftogaz of Ukraine and the Ministry of Defense of Ukraine for 2024 were made on time and in full.
“The company continues to develop actively, increasing oil and gas production and sales of petroleum products for two years in a row, as well as increasing its market share in the fuel and lubricants segment,” said Serhiy Koretsky, chairman of the board of Naftogaz of Ukraine.
As reported, PJSC Ukrnafta’s net profit for 2024 amounted to UAH 16.38 billion.
Ukrnafta is Ukraine’s largest oil producer and operator of the national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 544 gas stations, 461 of which are owned by the company and 83 are under management.
The company holds 92 special permits for industrial development of deposits. It has 1,832 oil and 154 gas production wells on its balance sheet.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company, which were owned by private owners and are currently managed by the Ministry of Defense, to the state.
Ukrnafta is Ukraine’s largest oil producer and operates a national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 545 gas stations, 461 of which it owns and 84 of which it manages.
The company is implementing a comprehensive program to restore operations and upgrade the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the privately owned corporate rights of the company to the state, which are now managed by the Ministry of Defense.
In accordance with the decision of the Cabinet of Ministers, Naftogaz of Ukraine transferred UAH 10.4 billion in dividends for 2024 and income tax to the state budget.
As the company reported on Tuesday, the rest of the profit, in accordance with the government’s order, will be used to prepare the country for winter, in particular to purchase imported gas.
“I would like to thank all employees for the result. Thanks to your conscientious work, Naftogaz remains a reliable partner of the state, fulfilling all obligations imposed by the Ukrainian government in a timely and complete manner,” said Serhiy Koretsky, chairman of the board of Naftogaz Ukraine, whose words are quoted in the statement.
As reported, the Cabinet of Ministers of Ukraine, by order No. 410-r of April 29, 2025, ordered to allocate 30% of the profits of Naftogaz of Ukraine to dividends in the state budget.
“To approve (…) consolidated profits in the amount of 37 billion 906 million 640.18 thousand hryvnias, according to the consolidated financial statements of Naftogaz of Ukraine for 2024, of which the profit attributable to the shareholder of Naftogaz of Ukraine amounts to 29 billion 421 million 763.674 thousand hryvnias (…)”, the document said, in particular.
According to the government decision, 30% of the specified profit of Naftogaz, amounting to UAH 8.826 billion, is subject to payment of dividends to the state budget. Another 70% (UAH 20.595 billion) was allocated by the Cabinet of Ministers for statutory purposes, in particular 45% of the profit belonging to the shareholder of Naftogaz of Ukraine, amounting to UAH 13.239 billion, for the purchase of imported natural gas and financing measures to prepare for the autumn-winter period of 2025/26.
Heating boiler manufacturer Mayak Plant JSC (Mayak JSC, Zmiiv, Kharkiv region) intends to pay dividends to shareholders for 2024 in the amount of UAH 214,800 between July 25 and October 25 of this year.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), dividends will be paid at a rate of 1.023 thousand UAH per share (par value of 1 thousand UAH).
As reported, the relevant decision was made by the general meeting of shareholders on April 25.
According to the company, in 2024, its net profit amounted to UAH 0.215 million (a year earlier – UAH 4.61 million), undistributed profit – UAH 16.37 million.
The company’s authorized capital is UAH 210,000, divided into 210 shares.
As reported, at the end of 2023, Mayak paid dividends at a rate of UAH 2.195 per share.
According to the National Securities and Stock Market Commission, as of the first quarter of 2024, 52.38% of the shares of Mayak Plant JSC are owned by CEO Oleksiy Mushtay, with 14.2857% each owned by Tetiana Samusenko and Zoya Garagata.
Mayak Plant was established in 1991 and manufactures household heating equipment under the Mayak trademark.
According to Clarity Project, the company’s net income in 2024 decreased by 6% compared to 2023, to UAH 65.7 million.
JSC Ukrenergomashiny (Kharkiv), more than 75.22% of which is owned by the state, will pay dividends to shareholders for 2024 in the amount of UAH 660.66 thousand (75% of the net profit) from 1 to 28 October this year at the rate of UAH 0.00156 per share with a par value of UAH 0.25.
According to the information in the NSSMC’s information disclosure system, the relevant decision was made by the general meeting of shareholders on April 28, and on June 27, the supervisory board approved the procedure and term for their payment.
As reported, in 2024, the company more than doubled its net sales revenue compared to 2023 to almost UAH 799 million and received UAH 0.88 million in net profit compared to UAH 0.2 million in 2023.
At the end of 2023, Ukrenergomashiny allocated UAH 162.23 thousand (80% of the net profit in accordance with the government-approved standard) for dividends at the rate of UAH 0.00038 per share.
In addition to the state, the company’s shareholders (according to the NSSMC as of the first quarter of 2025) include the Seventh Investment Fund, which is affiliated with entrepreneur Kostyantyn Hryhoryshyn and managed by AMC Svarog Asset Management, with 15.3416% of shares, and non-resident Valeriy Valandin with 5.598% of shares.
JSC Ukrenergomashiny (formerly JSC Turboatom and Electrotyazhmash) is the only Ukrainian manufacturer of turbine equipment for hydro, thermal and nuclear power plants. The company also produces electric motors for railway and municipal transport (Electrotyazhmash’s nomenclature).
Rush LLC, the owner of the EVA network in Ukraine, will allocate UAH 162.4 million from its retained net profit for 2024 to pay dividends.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the sole member of the LLC made the decision on June 26.
Thus, the distribution of 20.5% of the balance of net retained earnings for 2024 – UAH 162.4 million out of the total amount of UAH 792.5 million – was approved for the payment of dividends. Dividends will be accrued no later than six months from the date of the resolution.
Rusch LLC, which manages the EVA network, was founded in 2002. As of the beginning of 2025, the chain had 1109 operating stores.
According to Opendatabot, the owner of Rush LLC is Cyprus-based Incetera Holdings Limited (100%), with Ruslan Shostak and Valeriy Kiptyk as the ultimate beneficiaries.
In 2024, Rush’s revenue increased by 28.2% year-on-year to UAH 27 billion. Net profit decreased by 36.7% to UAH 1.4 billion.
PrJSC “Production Association ‘Stalkanat’ (Odesa) will allocate UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.29 per share from the profit for 2024.
The relevant decision was made by the extraordinary general meeting of shareholders on June 11 this year in remote mode.
According to the minutes of the meeting dated June 16, 2025, a copy of which is available to Interfax-Ukraine, the dividend payment period is from July 4 to December 11 this year.
Earlier, Stalkanat’s shareholders made a similar decision at their meeting on March 10, 2025, to pay UAH 60 million 511,837 thousand from the 2024 profit with a dividend payment period from April 4 to September 7 this year.
At the meeting held on November 13, 2024, the shareholders decided to allocate UAH 170 million 59,127 thousand, or UAH 1.63 per share, for dividends, with the dividend payment period from December 2, 2024, to May 13, 2025.
The shareholders’ meetings held on February 22, April 18, July 11 and October 16, 2024 decided to allocate UAH 60 million 511,837 thousand for dividends each time.
At the meeting held on November 6, 2024, the shareholders voted to conduct an additional issue of shares with a doubling of the company’s authorized capital to UAH 35 million 472 thousand 456.02 from UAH 17 million 736 thousand 228.01. Additionally, 104 million 330,753 thousand shares were placed among the shareholders in one stage from December 23, 2024 to January 22, 2025. All the funds raised from the additional issue will be used to repay the principal amount of the debt under the loan agreement with FUIB dated September 29, 2012.
As reported, in 2024, Stalkanat reduced its net profit by 34% year-on-year to UAH 184.808 million from UAH 280.060 million, but increased its net income by 33.3% to UAH 4 billion 436.786 million. Retained earnings at the end of 2024 amounted to UAH 437.815 million.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.
As of the first quarter of 2025, David Nemyrovsky holds a 50% stake, Anton Mikhalenko (non-resident) – 23.7%, and Maria Kondratyuk – 23.1%. Earlier, the company reported that an individual, Vitaliy Dubovich, owned 3.199998% of its shares.
The authorized capital of Stalkanat currently amounts to UAH 35.472 million, with a share price of UAH 0.17.
