State-owned Ukreximbank (Kyiv) increased its net profit in the first quarter of 2025 by 26%, or UAH 508.6 million, to UAH 2.4 billion compared to the first quarter of last year, becoming one of the three most profitable banks during this period.
According to the bank’s report on its website, its net interest income increased by 42.5%, or UAH 686.5 million, to UAH 2.3 billion, while net commission income increased by 4.4%, or UAH 12.6 million, to UAH 301.4 million.
The bank’s total assets for January-March 2025 increased by 0.3%, or UAH 945.5 million, to UAH 292 billion, while total liabilities decreased by 0.4%, or UAH 1 billion, to UAH 278.8 billion.
At the same time, the amount of customer funds in Ukreximbank increased by 1.3%, or UAH 3.26 billion, to UAH 247.3 billion, while bank funds decreased by 17%, or UAH 393 million, to UAH 1.92 billion.
In the first quarter of this year, Ukreximbank increased its equity capital by 17.6%, or UAH 1.9 billion, to UAH 13.3 billion.
“During the first three months of 2025, the bank exceeded the expected capital adequacy ratios set by the updated Capitalization Program and complied with the minimum prudential requirements in accordance with the NBU’s requirements,” the report said.
As reported, Ukreximbank ended 2024 with a record pre-tax profit of UAH 5.9 billion, which is 20.1% more than in 2023.
The state-owned enterprise Ukrainian Sea Ports Authority (USPA) increased its revenue by 55.56% to UAH 6.3 billion in 2024.
According to the annual report available to Interfax-Ukraine, the company’s net profit increased 3.4 times to UAH 2.77 billion.
According to the results of 2024, the cargo turnover of six seaports in Chornomorsk, Odesa, Pivdennyi, Reni, Izmail, and Ust-Dunaysk increased by 57.1% compared to the same period in 2023, reaching 97.3 million tons.
The USPA manages state-owned ports and a number of state-owned enterprises, pursuing the goal of ensuring the functioning and development of seaports through the efficient use of state property, the reconstruction and construction of port infrastructure facilities, and the provision of maritime navigation.
The company’s activities are financed by port fees collected in accordance with the law, fees for services subject to state regulation, rent, and other sources not prohibited by law.
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.
Ukrzaliznytsia in 2024 reduced its operating profit from freight transportation by 2.3% compared to 2023 – to UAH 20.39 billion, while its operating loss from intercity, international, and suburban passenger transportation increased by 15.4% – to UAH 15.70 billion. According to the annual report available to Interfax-Ukraine, revenue from freight transportation last year increased by 10.3% to UAH 81.8 billion, while revenue from passenger transportation increased by 14.8% to UAH 10.67 billion.
As stated in the document, the largest operating profit in freight transportation was generated by the infrastructure component, which amounted to UAH 13.3 billion, up 8.3% from the previous year.
At the same time, the operating result of the rolling stock component decreased by 11.7% to UAH 6.93 billion, while that of the locomotive component fell almost fivefold to UAH 0.15 billion.
As for passenger transportation, the operating loss from intercity and international passenger transportation last year amounted to UAH 8.81 billion with revenue of UAH 10.67 billion, while suburban transportation lost UAH 9.31 billion with revenue of UAH 0.52 billion. In 2023, intercity and international passenger transportation brought an operating loss of UAH 7.46 billion with revenue of UAH 9.30 billion, while suburban transportation brought an operating loss of UAH 8.24 billion with revenue of UAH 0.56 billion.
Ukrzaliznytsia added that the operating result from auxiliary activities in 2024 amounted to UAH 2.99 billion, which is 3.7% less than the previous year, with revenue from these activities growing by 15.3% to UAH 9.78 billion.
In the report, the company noted that it is continuing its operational transformation and believes that further division into infrastructure, locomotive, and car components in the freight transportation segment, as well as disclosure of the infrastructure, locomotive, and car components in the intercity and international passenger transportation segment, is necessary for analyzing the company’s performance and further reorganization.
As reported, in 2024, the company increased its revenue by 11.1% to UAH 102.87 billion, but incurred a net loss of UAH 2.71 billion against a net profit of UAH 5.04 billion in 2023.
According to the Ministry of Economy, Ukrzaliznytsia provides more than 80% of freight and about 36% of passenger transportation within the country. The company is the largest employer in Ukraine with more than 190,000 employees and operates one of the largest railway networks in Europe, stretching over 19,000 km, of which more than 9,300 km are electrified. Ukrzaliznytsia has more than 1,400 stations and a significant fleet of locomotives, freight and passenger cars.
According to the results of 2024, the pharmaceutical company PJSC Kyiv Vitamin Plant (KVZ) increased its net profit by 8.74% compared to 2023, to UAH 156.84 million.
According to the company’s disclosure to the National Securities and Stock Market Commission, its revenue from sales last year increased by 14.71% to UAH 4.944 billion.
As reported, at the end of 2022, Kyiv Vitamin Plant (KVZ) increased its net profit by 30.5% compared to 2022, to UAH 219.571 million.
KVZ is one of the ten largest pharmaceutical companies in Ukraine. The company’s product portfolio includes over 100 medicines and 20 dietary supplements.
According to the Opendatabot system, the ultimate beneficiary of KVZ is Canadian citizen Maxim Martin.
According to the results of the first quarter of 2025, JSC “NAEK ‘Energoatom’ received UAH 12.15 billion in net profit, said the head of the Temporary Investigation Commission (TIC) of the Verkhovna Rada on violations in the tariff policy in the energy sector, People’s Deputy Oleksiy Kucherenko, referring to the company’s financial statements on Facebook.
“In addition, the amount of depreciation accrued for the first quarter of 2025 amounted to UAH 5.7 billion. Thus, a total of almost UAH 18 billion was allocated for distribution in the first quarter,” he wrote.
According to Kucherenko, of the UAH 18 billion, about UAH 3-4 billion was allocated for capital investments, and the remaining UAH 14 billion requires separate justification for its distribution.
“That is, for the first quarter of 2025 alone, UAH 14 billion already requires justification for its further distribution,” he said.
As the head of the TSC recalled, at the end of 2024, Energoatom recorded a net profit of 1.3 billion hryvnia.
“The result of the TSC’s work (requests sent, working hearings held, meetings) was that, already during the commission’s work, the management of energy companies began to realize the risks of manipulating financial reporting indicators,” Kucherenko said.
As reported with reference to the report of the Temporary Investigation Commission headed by him, the current electricity tariff for the population of 4.32 UAH/kWh provides Energoatom with additional undistributed profit and depreciation in the amount of 0.99 UAH/kWh, which is about 49 billion UAH per year.
Members of the Temporary Investigation Commission believe that the price of electricity for the population set by the Cabinet of Ministers as of May 2024 is fully in line with economically justified levels.
On May 14, the Verkhovna Rada took note of the TSC’s report on the investigation of possible violations of Ukrainian legislation in the formation and implementation of pricing and tariff policy in the energy and utilities sectors during its six months of operation.
By a corresponding resolution, the Rada extended the work of the Temporary Commission for the period specified by parliament (one year from the date of its establishment) and decided to hear its report on the work done at a plenary session by October 30, 2025. This Temporary Commission was established by a resolution of the Verkhovna Rada on October 30, 2024.
In 2024, Energoatom paid UAH 145.35 billion for PSO services (provisions on the imposition of special obligations – IF-U), allocating 58% of its net income to this purpose. The company’s net profit for the past year amounted to UAH 1.3 billion.
