Ukraine's Naftogaz Group cuts net profit 6-fold in 2025

Naftogaz Group reported consolidated profit of UAH 5.83 billion for 2025, approximately six times lower than in 2024, according to government resolution No. 400-r dated April 29, 2026, published on the Government Portal.

"To approve consolidated profit in the amount of UAH 5.83 billion in accordance with the company’s consolidated financial statements for 2025, of which profit attributable to the company’s shareholder amounts to UAH 3.233 billion," the resolution states.

According to the document, 30% of the profit, or UAH 969.9 million, will be paid as dividends to the state budget, while 70%, or UAH 2.26 billion, will be allocated to statutory purposes.

In addition, net profit of UAH 1.65 billion has been approved under the company’s separate financial statements for 2025, of which 5%, or UAH 82.3 million, is to be allocated to the reserve capital.

The government has taken into account the report of independent auditor PrJSC KPMG Audit.

As reported, Naftogaz Group posted nearly UAH 38 billion in net consolidated profit in 2024, which is UAH 15 billion, or 64%, more than in 2023.

According to the company, all key business segments showed growth: gas production, transportation and storage, sales and distribution, and electricity and heat supply.

At the same time, the group’s gross profit for 2024 increased to UAH 89.1 billion from UAH 48.5 billion in 2023. Operating profit for 2024 amounted to UAH 51.1 billion, nearly UAH 13.3 billion, or 32%, higher than in the previous period.

Naftogaz’s performance results were confirmed by an independent international audit conducted by KPMG.