Ukrnafta has transferred UAH 3.5 billion in dividends to Naftogaz of Ukraine based on its 2023 performance, the company’s press service said on Tuesday.
Taking into account the previously transferred dividends for the previous year, the company paid a total of about UAH 8 billion to another shareholder represented by the Ministry of Defense of Ukraine under this item.
“About UAH 8 billion has been transferred to the accounts and depositories of the company’s state shareholders – the Ministry of Defense of Ukraine and Naftogaz of Ukraine. The company is supporting the country’s economy and working for victory,” said Sergiy Koretsky, CEO of Ukrnafta.
As a reminder, in 2023, the company also paid UAH 25.7 billion in taxes and fees to the budgets of all levels.
As reported, in early February, the Cabinet of Ministers of Ukraine established that Naftogaz of Ukraine should allocate 95% of its net profit to dividends, and Ukrnafta – 30%, provided that 50% of the profit will be used for capital investments approved by the government in the company’s financial plan for 2024.
“Ukrnafta, in which Naftogaz owns 50%+1 share, announced that in 2023 it made a net profit of UAH 23.6 billion compared to a loss of UAH 1.1 billion in 2022.
Earlier, Naftogaz Group CEO Oleksiy Chernyshev said that in terms of dividend policy, Naftogaz would receive UAH 12.1 billion from Ukrgasvydobuvannya last year, UAH 6.6 billion from Ukrtransgaz, UAH 5.3 billion from Ukrtransnafta, and UAH 3.5 billion from Ukrnafta.
“Ukrnafta is the largest oil producer in Ukraine and operates a national network of 537 filling stations, of which 456 are in operation.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. On November 5, 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.
