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.
In January-March 2025, PJSC Insurance Company PZU Ukraine (Kyiv) increased its gross premiums by 10.89% to UAH 541.961 million, and net insurance premiums by 17.82% to UAH 555.2 million.
According to Standard-Rating, which updated the company’s credit rating/financial stability (reliability) rating on the national scale to “uaААА” based on the results of the period, revenues from individuals increased by 15.56% to UAH 378.1 million. Thus, the share of individuals in the insurer’s gross premiums amounted to 69.77%, and the share of reinsurers – 0.06%.
The volume of insurance payments and reimbursements made by the insurer in the first quarter of 2025 was 20.13% higher than in the same period of 2024, and the level of payments increased by 3.97 percentage points (pp) to 51.60%.
In January-March, the company’s operating profit amounted to UAH 40.570 million, compared with a loss in the first quarter of 2024, while net profit rose to UAH 58.395 million.
As of April 1, the insurer’s assets increased by 1.97% to UAH 2.547 billion, equity by 6.15% to UAH 1.028 billion, while liabilities decreased by 0.67% to UAH 1.519 billion, and cash and cash equivalents decreased by 18.02% to UAH 341.567 million.
The RA reports that as of the reporting date, the insurer had made financial investments in the amount of UAH 650.594 million, consisting of government bonds (UAH 298.355 million) and bank deposits (UAH 352.239 million), which had a positive impact on its liquidity. Thus, liquid assets covered 65.33% of the liabilities of IC “PZU Ukraine.”
The RA emphasizes that PrJSC IC ‘PZU Ukraine’ is supported by one of the largest insurance groups in Central and Eastern Europe, the PZU Group (which includes the parent company of PrJSC IC ‘PZU Ukraine,’ PZU S.A.).
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.
