Naftogaz Group on Thursday reported UAH 38 billion ($913.28 million) in internet revenue for final 12 months, up 64 % from 2023 as pure fuel manufacturing grew.
Its fuel manufacturing unit, Ukrgasvydobuvannya, raised industrial fuel output to 13.9 billion cubic meters (490.87 billion cubic ft) in 2024, up from 13.2 Bcm in 2023. The common day by day manufacturing fee hit a three-year excessive, state-owned Naftogaz mentioned in an internet assertion.
Gross revenue elevated to UAH 89.1 billion, up from UAH 48.5 billion for 2023. Working revenue climbed 32 % to UAH 51.1 billion.
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“All key enterprise segments of the Group delivered development”, performing chief government Roman Chumak mentioned.
Ukrgasvydobuvannya was Naftogaz’s greatest earnings contributor in 2024, with the subsidiary’s revenue practically doubling to UAH 20.9 billion.
Ukrnafta, Naftogaz’s oil manufacturing arm, generated UAH 17.3 billion in revenue. Naftogaz’s transport unit, Ukrtransnafta, logged UAH 3.7 billion in revenue.
“Firms within the fuel provide sector additionally demonstrated constructive efficiency”, Naftogaz mentioned. “Gasoline Provide Firm Naftogaz of Ukraine returned to profitability after a UAH 2 bn loss in 2023. The settlement fee rose by 10 share factors to 98 %.
“Gasoline provide firm Naftogaz Buying and selling diminished its loss by greater than UAH 3 bn year-on-year. For the primary time in years, the fuel buying and selling phase ended 2024 with a revenue. The phase posted a internet working results of UAH 2.3 bn, in comparison with UAH 22.3 bn loss in 2023.
“Gasoline Distribution Networks of Ukraine additionally demonstrated development, with distribution volumes reaching 12.3 bcm, up from simply 3.8 bcm in 2023. Settlements for pure fuel consumed reached 97 %, a rise of 14 share factors in comparison with the earlier 12 months”.
On April 23 Naftogaz mentioned it is going to proceed delivering pure fuel to households on the present regulated fee underneath its fastened tariff plan. The worth will stay at UAH 7.96 per cubic meter till April 2026 to mirror the present moratorium on elevating fuel tariffs, it mentioned.
In the meantime Naftogaz’s fuel storage arm, Ukrtransgaz, recorded UAH 277 million in revenue for 2024.
Its energy and warmth companies additionally registered development with gross sales rising 24 % and 4 % respectively final 12 months. Naftogaz expects 177 megawatts in extra technology capability from new tasks.
Naftogaz paid the state UAH 104.3 billion in 2024, accounting for 7 % of presidency income, it mentioned.
On Wednesday Naftogaz introduced the appointment of Sergii Koretskyi as group chief government. Koretskyi, chief government of Ukrnafta and Ukrtatnafta since 2022, will tackle the brand new function Could 14. Chumak will revert to being Naftogaz chief monetary officer.
“The Supervisory Board carried out a worldwide seek for our new CEO on an entirely impartial foundation, following the very best requirements of company governance”, Naftogaz mentioned. “We evaluated and interviewed a variety of certified candidates from each inside and outdoors Ukraine earlier than making our choice.
“Along with his mixture of profitable expertise in each the SOE and personal sectors, we’re assured that Mr. Koretskyi will lead Naftogaz with nice effectiveness via each the present wartime challenges and the approaching post-war financial growth”.
In different developments the corporate has secured a EUR 270 million ($306.46 million) mortgage from the European Financial institution for Reconstruction and Improvement (EBRD) and a EUR 140 million grant from the Norwegian authorities.
This help, to be disbursed by way of the EBRD, can be used to purchase practically 1 Bcm of fuel, Naftogaz mentioned.
“Cooperation with worldwide monetary establishments is central to Naftogaz’s long-term technique to diversify provide and safe Ukraine’s power stability”, it mentioned.
To contact the creator, e mail jov.onsat@rigzone.com
