Ukrainian oil company Ukrnafta reports UAH 16.38 bln in net profit for 2024 – CEO
PJSC Ukrnafta reported a net profit of UAH 16.38 billion for 2024, CEO Serhiy Koretsky announced on his Facebook page on Tuesday.
"Now it's official... Crowe Erfolg has completed an independent international audit of Ukrnafta. Every figure has been confirmed by official financial statements," Koretsky wrote.
According to the CEO, the company achieved a second consecutive year of increased oil and gas production, higher petroleum product sales, and an expanded market share in the retail fueling segment.
Ukrnafta is Ukraine's largest oil extraction company and operates a national network of filling stations. In March 2024, the company took over the management of Glusco assets, and now operates 544 filling stations – 461 of its own and 83 under management.
Ukrnafta holds 92 licenses for industrial development of fields. It has 1,832 oil and 154 gas production wells on its balance.
The largest shareholder in Ukrnafta is Naftogaz Ukrainy, which holds a 50% plus one share.
In November 2022, the General Staff of the Armed Forces of Ukraine decided to transfer the corporate rights of the company, previously owned by private shareholders, to the state. The Ministry of Defense now oversees these shares.
