Forbes Ukraine’s publication on the Company financial results is manipulative, based on distorted facts and incompetent conclusions.
The article ignores the specifics of the activities of the national energy-generating operator during the war.
Profit improvement in 2024 is the result of systematic work to increase efficiency and reduce debt in the energy market, but not “hiding” income or “optimizing” taxes, as the article erroneously states.
A significant part of the profit (over UAH 153 bln) has been allocated to fulfil social obligations (PSO) to ensure the availability of electricity to the residents.
In 2024, Energoatom fully compensated residential tariffs and repaid debts for PSO for previous years. PSO expenses are a key factor affecting profitability and net income.
The Company remains one of the largest taxpayers, having paid almost UAH 29 bln to the budgets in 2024. The increase in depreciation allocation is due to the revaluation of assets in the process of corporatization in accordance with legislation and international standards, but not to “tax evasion”.
Energoatom operates transparently, ensuring Ukraine’s energy independence. We urge the media to verify the information and contact the Company Press Centre for official comments.
