The Parallel gas station chain (AZK) Parallel reported a net profit of UAH 165,875,000 in 2025, which is 7.14 times higher than the corresponding figure for 2024 (UAH 23,212,000), according to a company statement provided to the Energoreformi online portal by the press service.
According to the report, net profit in 2023 was a loss of 978,000 UAH.
Meanwhile, the company’s revenue in 2025 was 11,179,677 thousand UAH, in 2024 – 8,750,387 thousand UAH, and in 2023 – 4,830,609 thousand UAH. The company forecasts revenue of nearly UAH 13,917,547 thousand for 2026.
Profitability increased from minus 0.02% in 2023 to 0.27% in 2024 and 1.48% in 2025.
At the same time, the company’s assets, as well as its liabilities, decreased. In 2024, assets amounted to nearly 6.8 billion UAH, and in 2025—4.08 billion UAH; liabilities, respectively, were 6.3 billion UAH and 3.5 billion UAH.
For 2025, the company reports more than double the growth in pre-tax wages compared to 2024—21,600 UAH versus 10,100 UAH. The lowest salary in the network was in 2022—approximately 5,000 UAH, which is nearly 2.5 times less than the previous year—11,680 UAH in 2021.
According to the company’s data, 454 people were employed in the network in 2025, and 432 in 2024. Revenue per employee amounted to 24.6 million UAH and 20.25 million UAH, respectively.
As reported, the Parallel gas station chain plans to expand its fuel business by 350 gas stations in 2026 and become one of the top five largest retailers of light petroleum products in Ukraine. According to the network’s owner, Oleksandr Dubinin, Parallel plans to invest approximately 2 billion UAH in the network’s development in 2026, time and market conditions permitting. Prior to this, starting in 2022, approximately 350 million UAH was invested in the network’s reconstruction and development.
In an interview with Forbes Ukraine, Dubinin noted that building new stations from scratch during wartime is impossible due to lengthy bureaucratic procedures, obtaining permits, and land allocation, so the company is considering the acquisition of regional networks.
Before the war, the Parallel network comprised 132 gas stations. As a result of the full-scale invasion, Parallel lost or suspended operations at a significant portion of its facilities. As of July 2025, 76 gas stations were reported to be operational across 8 regions.
Parallel is among the top 10 largest Ukrainian fuel importers.
Alexander Dubinin is listed as the sole owner of the network.
The Parallel fuel station network (TM Parallel) has grown to 76 fuel stations in eight regions, according to a press release issued by the company on Thursday.
“And we are not stopping there,” the release said, while in an interview with Delo at the end of April, the number of stations was 63.
The company noted that in the first half of 2025, it paid more than 724 million to budgets at all levels: 414 million UAH in excise tax, 278 million UAH in VAT, 13 million UAH in income tax, and 2.4 million UAH in military tax.
According to Alexander Dubinin, CEO and owner of Parallel, the company is continuing to implement a comprehensive program to upgrade its gas stations, which includes modernizing facilities, improving service quality, and making things more convenient for customers.
According to the release, Parallel gas stations operate in Dnipropetrovsk, Odesa, Kyiv, Cherkasy, Chernihiv, Poltava, and in the Donetsk and Zaporizhzhia regions controlled by Ukraine.
As reported, before the war, the Parallel network had 132 gas stations. As a result of the full-scale invasion, Parallel lost or suspended operations at most of its facilities.
In 2024, the company increased its tax payments by more than 2.5 times, to over UAH 1.7 billion,
and in early 2025, it resumed its partnership with FC Shakhtar, which lasted from 2008 to 2014, when the network, like the club, was owned by Rinat Akhmetov’s SCM. The partnership is set to last for 2.5 years and includes putting the Parallel logo on the team’s jerseys, advertising during home games, loyalty programs, and social media activity.
Parallel is a member of the Ukrainian Oil and Gas Association and one of the 10 largest fuel importers in Ukraine.
Parallel has expanded its network with a new filling station on Obukhivske highway near Kyiv.
“The filling station offers all types of high-quality fuel from European manufacturers that meet the highest quality standards. All modern services are available for the convenience of drivers,” the company said in a press release.
According to the network, despite the challenges posed by the full-scale war, temporary occupation of some territories and infrastructure damage caused by shelling, Parallel continues to rebuild and develop its network as part of the company’s long-term strategy.
In particular, the company plans to expand its network both by opening new filling stations and by increasing the number of partner complexes operating under the Parallel brand.
“Due to the Russian aggression, we lost about 80% of our filling stations, but we are rebuilding and developing the network, because a working business means paid taxes and support for the country’s economy,” said Parallel owner and CEO Alexander Dubinin.Before the war, the Parallel branded network included 132 filling stations. As a result of the full-scale invasion, the company lost or suspended most of its facilities.
Currently, the company operates 32 filling stations in Dnipropetrovs’k, Odesa, Chernihiv, Kyiv and the government-controlled areas of Donetsk and Zaporizhzhya regions.
“Parallel is regularly ranked among Ukraine’s top 10 fuel importers
Parallel has opened its first filling station in Kyiv (Kiltseva Road, 6B), the company’s website reports.
It has five fuel dispensers and offers the necessary modern services. In total, this is the 11th Parallel filling station in the capital region and the 31st in the network.
According to the report, the company plans to further develop the network both by opening new filling stations and expanding the number of partner complexes operating under the Parallel brand.
“The new complex has become a symbol of renewal for us – we have lost about 80% of all filling stations in eastern Ukraine, but this does not stop us. Ukrainians never give up, no matter what difficulties they face,” said Parallel owner and CEO Alexander Dubinin.
As reported earlier, in the fall of 2020, Rinat Akhmetov’s SCM financial and industrial holding sold the Parallel filling station chain to Naftainvest 2020 LLC. At that time, the company sold its fuel at 60 filling stations in Dnipropetrovska and Zaporizka oblasts and the government-controlled areas of Donetsk and Luhanska oblasts.
According to opendatabot, Parallel-M LTD, whose ultimate beneficiary is Oleksandr Dubinin, increased its revenue by 1.9 times to UAH 4.831 billion in 2023 and posted a net loss of UAH 0.978 million, compared to UAH 1.624 million in net profit in 2022.
In 2023, the company’s liabilities increased to UAH 4.018 billion compared to UAH 1.913 billion in 2022, and its assets increased to UAH 4.532 billion compared to UAH 2.369 billion in 2022.
Rinat Akhmetov’s SCM Financial and Industrial Holding has sold its Parallel fuel filling station network, according to Encorr, an online industry publication citing sources.
According to the publication, the buyer was not an active player in the retail market, but either a wholesale trader or the owner of a small network wishing to develop this direction.
At the same time, the press service of SCM did not comment on the reliability of the report about the sale of their filling stations to the Interfax-Ukraine agency.
“We do not comment on rumors and assumptions about any deals,” SCM spokesman Yevhen Buzykin said.
Parallel sells its fuel at 60 fuel filling stations and gas stations in Dnipropetrovsk, Zaporizhia regions and the territory of Donetsk and Luhansk regions controlled by Ukraine.
Parallel-M LTD is controlled by Parallel Nafta Ltd., a subsidiary of Rinat Akhmetov’s SCM Group.
