Naftogaz Reports UAH 5.83 Billion Profit for 2025

What Happened

In 2025, NJSC Naftogaz of Ukraine recorded a consolidated profit of UAH 5.83 billion. The figure was disclosed in the company's audited consolidated financial statements, according to Ukrinform. This marks a substantial decrease compared to UAH 37.9 billion in profit for the year 2024.

Key Details

The company reported total revenue for 2025 of UAH 270.915 billion, up from UAH 256.359 billion in 2024. The drop in consolidated profit, despite an increase in revenue, suggests significant operational challenges faced by the company.

Since the beginning of 2025, Naftogaz Group has also restructured loans and credit lines from Ukrainian banks amounting to UAH 2.9 billion, with repayment terms extended until 2026-2029. According to a recent Cabinet of Ministers resolution dated April 29, UAH 3.233 billion of Naftogaz's net profit is earmarked for distribution to shareholders.

Of this amount, UAH 969.889 million is designated for dividends, while the remainder will be allocated to support the Group's operations. Based on separate financial statements, Naftogaz Group’s parent company reported a net profit of UAH 1.646 billion for 2025.

Furthermore, the government has approved new dividend norms for state-owned enterprises, anticipating nearly UAH 50 billion in total transfers to the national budget from these companies for the results of 2025.

Why It Matters

The reduction in Naftogaz's profit highlights the financial pressures impacting state-owned enterprises in Ukraine. The restructuring of loans suggests ongoing liquidity issues, raising questions about the operational sustainability within the energy sector during challenging economic conditions.

Background

Naftogaz is a major player in Ukraine's energy landscape, involved in the transportation and distribution of natural gas. The company had previously benefitted from robust profits but now faces headwinds due to various internal and external factors, including market volatility and ongoing conflict affecting operations.

The government’s support through dividend allocations and loan restructuring indicates attempts to stabilize not just Naftogaz but other state-owned enterprises as well.