“Ukrnafta” paid 8.86 billion UAH in taxes, fees, and customs duties to the state budget in the first quarter of 2026.
“In total, since the company came under state management, the amount of taxes, fees, and customs duties paid for 2023–2026 has exceeded UAH 106 billion,” noted Bohdan Kukura, Chairman of the Board of JSC Ukrnafta. “This is the company’s systematic contribution to supporting the economy and financing the state’s needs, particularly those of the Armed Forces. I thank the team for their consistent work and results.”
As of the end of 2025, Ukrnafta, as part of the Naftogaz Group, paid 28.8 billion UAH in taxes and fees to the state budget.
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.
The Naftogaz Group paid 21.739 billion UAH in taxes to budgets at all levels in January–March 2026, the company reported on Wednesday.
Of this amount, 19.7 billion UAH went to the state budget, and over 2 billion UAH to local budgets.
“Despite widespread destruction and constant Russian attacks on oil, gas, and energy infrastructure, Naftogaz remains a reliable taxpayer to the state budget,” said Serhiy Koretskyi, Chairman of the Board of NJSC Naftogaz of Ukraine.
The company added that the Naftogaz Group remains one of the largest taxpayers in Ukraine.
As reported, Naftogaz Group companies paid 44.4 billion hryvnias in taxes during the first six months of 2025, of which 40.7 billion hryvnias went to the state budget.
The distribution system operators (DSOs) of DTEK Networks paid over UAH 1 billion in taxes to the state budget and the local budgets of Kyiv, Donetsk, Dnipropetrovsk, and Odesa regions, as well as the city of Kyiv, during the first three months of 2026, the operating holding announced on Friday.
“Even amid constant attacks on the power grid and challenging operations in frontline regions, DTEK Networks’ distribution system operators continue to systematically support the country’s economy,” the company noted.
UAH 872 million was transferred to the state budget, with another UAH 243 million going to local budgets.
“We are working under extremely difficult conditions, restoring networks after shelling while simultaneously supporting the economy. In the first quarter of this year, DTEK Networks’ distribution system operators have already transferred over one billion hryvnias to budgets at various levels,” said Alina Bondarenko, CEO of DTEK Networks.
In 2025, DTEK Networks paid over 5.8 billion UAH in taxes. Of this amount, nearly 4.9 billion UAH went to the state budget, and over 0.9 billion UAH to local budgets.
“DTEK Networks” operates in the electricity distribution and power grid operation sectors in Kyiv, Kyiv, Dnipropetrovsk, Donetsk, and Odesa regions. The holding’s distribution system operators serve 5.1 million households and 150,000 businesses.
Kernel, one of Ukraine’s largest agricultural holdings and a major taxpayer in the country’s agribusiness sector, paid 5.7 billion UAH in taxes and fees to budgets at all levels in 2025, the company’s press service reported on Thursday.
According to the company’s statement, nearly 2.4 billion UAH went to local budgets, approximately 2.1 billion UAH to the state budget, and 1.2 billion UAH constituted the unified social contribution (USC). In total, since the start of the full-scale invasion, the company has contributed over 19.5 billion UAH to Ukraine’s budgets.
At the same time, according to the company’s financial report, in the first half of fiscal year 2026 (FY, July–December 2025), Kernel reduced its net profit by 33% compared to the same period last year—to $119 million. Consolidated revenue amounted to $1.924 billion, which is 1% less than in the first half of FY 2025, while EBITDA fell by 14% to $247 million.
“The agricultural sector operates under constant pressure from military risks. However, it is important for Kernel to maintain stable payments. Even with declining margins, we continue to provide significant revenue to the budget,” said the company’s CFO, Serhiy Volkov.
The company added that the total losses incurred by enterprises due to Russia’s military aggression over the past year alone are estimated at nearly UAH 135 million. At the same time, since 2022, Kernel has allocated over UAH 4.5 billion to support the Ukrainian Armed Forces and local communities.
Kernel Agricultural Holding is the world’s largest producer and exporter of sunflower oil, Ukraine’s largest grain exporter, an operator of an extensive network of logistics assets, and a leading producer of grain and oilseeds in Ukraine. It is one of the largest producers and sellers of bottled oil in Ukraine. It is engaged in the cultivation and sale of agricultural products.
Kyivstar, Ukraine’s largest telecommunications operator, paid over 13.67 billion UAH in taxes and fees to the state budget in 2025, a 12% increase from the previous year, according to a press release issued by the company on Wednesday.
According to the release, over the four years of full-scale war, the company’s total tax contributions exceeded 46.5 billion UAH, cementing Kyivstar’s status as the largest taxpayer in Ukraine’s telecom industry.
Previously, the company reported paying 12.3 billion UAH in taxes and fees for 2024 and 10.8 billion UAH for 2023.
According to data from the YouControl system, Kyivstar increased its revenue by 19.6% last year—to 43.81 billion UAH—while its net profit rose by 8.6%—to 12.31 billion UAH.
The Kyivstar Group’s annual consolidated financial statements, published recently, also noted that in 2025, income taxes increased by $10 million, or 15.6%, to $74 million.
“This increase was driven by higher taxable income for the year ended December 31, 2025, including approximately $18 million in taxable income related to the acquisition of Uklon,” the report stated.
“It is important for us to remain a reliable partner of the state: significant tax revenues, investments in the network, and strengthening its energy independence are our contribution to economic stability and uninterrupted connectivity for millions of people,” Kyivstar President Oleksandr Komarov is quoted as saying in the release.
The company also noted that since 2022, it has invested over 4.6 billion UAH in the procurement and maintenance of backup power equipment, and has allocated a total of 40.1 billion UAH in capital investments during this period toward infrastructure restoration, modernization, and the development of digital capabilities.
In addition, Kyivstar reported that last year it allocated 1.7 billion UAH to support the Armed Forces, subscribers, and the implementation of social projects, bringing the total amount allocated for these purposes since the start of the war to over 4.4 billion UAH.
It is noted that in 2025, the company launched a new charitable initiative—supporting pediatric intensive care units at the UNBROKEN Center based at the First Medical Association of Lviv, to which it allocated 15 million UAH.
As reported, as of the end of 2025, Kyivstar served approximately 22.4 million mobile subscribers and over 1.2 million fixed-line subscribers. The company is wholly owned by Kyivstar Group Ltd, whose shares are traded on the U.S. Nasdaq stock exchange and whose majority owner, in turn, is the telecommunications holding company VEON with an 83.6% stake.
In 2025, the Kyivstar Group increased its EBITDA by 30% to UAH 27 billion, with revenue growing by 30.3% to UAH 48.2 billion; including in the fourth quarter of last year, when EBITDA increased by 23.1% to UAH 7.2 billion, with revenue growing by 30.1% to UAH 13.5 billion.
In 2025, companies belonging to the Smart Holding investment group paid UAH 860 million to the state budget, which is 28.3% less than in 2024 and 4.3 times less than in 2022, according to a press release from the holding company.
“(This) became an anti-record since 2016 in terms of filling the state budget of Ukraine. Such a significant reduction was the result of forced downtime of Smart Energy gas production enterprises due to the systematic blocking of licenses since 2023,” the company explained.
The group recalled that in 2023, Smart Energy’s gas production enterprises in the Kharkiv region were initially blocked for 1.5 years due to sanctions imposed on the group’s owners, and now gas production in the Poltava region has been suspended for a year.
The release does not contain data on the volume of consolidated revenue for 2025 and its dynamics, but it is stated that “due to the reduction in operating activities, UAH 3.2 billion in planned investments in Ukrainian subsoil resources were suspended, and the mark of UAH 3.1 billion in aid to protect Ukraine in 2025 has not changed.”
Smart Holding specified that in 2022, its enterprises paid UAH 3.7 billion to the state budget, in 2023 – UAH 1.6 billion, and in 2024 – UAH 1.2 billion.
The group for the restoration of gas production once again proposes to specify the type of sanctions imposed by the NSDC decision of October 8, 2024, and recalls that a similar instrument, without lifting the sanctions against the ultimate beneficiaries, has already been used in Ukraine.
Smart Energy, part of the Smart Holding investment group, implements projects for the exploration and industrial development of hydrocarbon deposits and was one of the five largest private gas producers in Ukraine, producing a total of over 1 million cubic meters of gas per day at the start of full-scale Russian military aggression.
Before the war, the hydrocarbon reserves at Smart Energy’s gas production assets were estimated at C1+C2 categories in the amount of 22.633 billion cubic meters of gas and 3.722 million tons of condensate.
