In 2019, JSC Ukrgasvydobuvannya, a member of the Naftogaz Group, received UAH 104.4 billion from the sale of gas and liquid hydrocarbons. The company's contributions to state and local budgets in the form of taxes and dividends to the shareholder accounted for 60% of this amount (UAH 62.7 billion).

The company assigned 22% of cash proceeds (or UAH 22.9 billion) as investments in the production of gas and liquid hydrocarbons. In 2019, this allowed the company to maintain previously achieved production performance. It should be remembered that in the period of interest, the company produced 13.62 billion cubic meters of marketable gas which was supplied to the population and district heating providers for households.

“Naftogaz continues to accomplish the strategic tasks of the government to increase contributions to the budget and provide Ukraine with its own gas. In the context of the current crisis, the company's successful efforts in these directions are of paramount importance,” commented Oleksandr Romanyuk, First Deputy General Director of Ukrgasvydobuvannya. “The overall economic situation limits the capacity of the Naftogaz production division to increase investments, or even keep them at the same level. This, of course, cannot but affect Ukrgasvydobuvannya's performance indicators. At the same time, we are currently doing our best to come up with anti-crisis solutions that can minimize the impact of adverse factors. These include recently announced partnerships with international companies to stimulate production at depleted fields and start developing new fields.”

According to Ukrgasvydobuvannya's financial statements, the company's net revenue for 2019 was UAH 79.0 billion, which is at the same level as the previous year. The company's net profit for 2019 amounted to UAH 19.0 billion. The decrease in profits was mainly due to the impairment loss on fixed assets, intangible assets, and uncompleted capital investments, as well as an increase in the cost of pipeline transport services in connection with mandatory fees for entering the GTS imposed at the legislative level.

As reported earlier, The Naftogaz of Ukraine Group has published its consolidated financial statements for the year ended 31 December 2019. The consolidated net profit of the Naftogaz Group for the period amounted of UAH 63.3 billion.