Naftogaz Group reported a net consolidated profit of UAH 24.4 billion in the first half of 2024. In the same period last year, the Group reported a net profit of UAH 6.6 billion.
The financial statements for the first six months of 2024 were reviewed by PricewaterhouseCoopers (PwC), an independent international auditing company.
Despite the challenges of martial law and state-imposed obligations, Naftogaz Group continues to strengthen its position, demonstrating growth in financial results. In the first six months of 2024, we increased our consolidated net profit by nearly four times compared to the same period last year. This achievement is due to strong teamwork – I thank all Naftogaz employees for this result,” said Oleksiy Chernyshov, CEO of Naftogaz Group.
Consolidated operating profit for the first half of 2024 reached UAH 28.9 billion, compared to UAH 14 billion in the same period last year.
Naftogaz Group's significant improvements in financial results were driven primarily by increased revenues from the sale of gas, oil, petroleum products, and natural gas distribution services.
The key companies contributing to the profit in the first half of 2024 include NJSC Naftogaz of Ukraine, JSC Ukrgasvydobuvannya, JSC Ukrtransgaz, PJSC Ukrnafta, LLC Gas Supply Company Naftogaz of Ukraine, and JSC Ukrtransnafta.
Additionally, from January to June 2024, the Group's companies paid UAH 44 billion in taxes to the state budget, accounting for 7.5% of all payments controlled by the State Tax Service of Ukraine.
In early April 2024, the Group successfully completed one of the most challenging heating seasons of 2023/2024 under the imposed public service obligations.
