Naftogaz 2024 Payments: 81M UAH to Top Staff, 33M UAH to Supervisors
Naftogaz Executive Pay Rises Amid Profit Surge in 2024
KYIV, Ukraine – Naftogaz of Ukraine increased compensation for its top management team in 2024, according to the company’s financial statements. The compensation totaled 81 million UAH, up from 77 million UAH in 2023.
The leading management personnel, comprised of an average of five board members and six directors, received the compensation, which included wages and bonuses, according to the company. In 2023, the leadership consisted of four board members and six directors.
Supervisory board Compensation Also Increased
Payments to ensure the activities of the company’s supervisory board also saw an increase, rising to 33 million UAH in 2024 from 18 million UAH the previous year. This figure includes 29 million UAH for services rendered by the supervisory board members and 4 million UAH for expense reimbursements.
According to Naftogaz, the supervisory board members receive fixed remuneration based on individual civil law contracts.
net Profit Soars
The rise in executive compensation coincides with a meaningful increase in net profit for Naftogaz. The company reported a net profit of 23.9 billion UAH in 2024, a substantial increase from the 0.8 billion UAH reported in 2023.
The Naftogaz group as a whole reported a net consolidated profit of nearly 38 billion UAH for 2024, a 64% increase of 15 billion UAH compared to 2023. Revenue from sales reached 298.7 billion UAH.
Ukrgazdobycha Drives Profit Growth
Ukrgazdobycha JSC, a subsidiary of Naftogaz, was a primary contributor to the company’s profit growth, nearly doubling its financial result to 20.9 billion UAH compared to 2023.
Naftogaz Executive Pay and Profits: A Deep Dive into 2024 Financials
What’s the Big News About Naftogaz in 2024?
The main headlines surrounding Naftogaz in 2024 involve a rise in executive compensation alongside a notable surge in profits. This details comes directly from the company’s financial statements, as reported from Kyiv, ukraine.
how Much did Naftogaz Executives Get Paid in 2024?
In 2024, the top management team at Naftogaz received a total of 81 million UAH in compensation. This includes wages and bonuses. This represents an increase from the 77 million UAH paid in 2023.
Who Received This Executive Compensation?
The compensation was distributed among the leading management personnel. This group comprises both board members and directors. On average, there where five board members and six directors receiving compensation.
Did the Supervisory Board’s Compensation Also Increase?
Yes,the supervisory board also saw an increase in compensation. Payments for their activities rose to 33 million UAH in 2024, compared to 18 million UAH the previous year. This figure consists of remuneration for services and expense reimbursements.
How is the Supervisory Board Compensated?
According to Naftogaz, the supervisory board members receive fixed remuneration based on individual civil law contracts.
How Did Naftogaz’s Profit Change in 2024?
Naftogaz experienced a substantial increase in net profit in 2024.The company reported a net profit of 23.9 billion UAH. This is a considerable jump from the 0.8 billion UAH reported in 2023.
What Was the Consolidated Profit of the Naftogaz Group?
The Naftogaz group reported a net consolidated profit of nearly 38 billion UAH for 2024. This represents a 64% increase compared to the previous year, with a 15 billion UAH increase. Revenue from sales reached 298.7 billion UAH.
Which Subsidiary Contributed most to Profit Growth?
Ukrgazdobycha JSC, a subsidiary of Naftogaz, was a primary driver of the company’s profit growth. The subsidiary nearly doubled its financial result in 2024.
Summarizing the Key Financial Data
Here’s a concise overview of the key financial figures:
| Category | 2023 (UAH) | 2024 (UAH) | Change |
|---|---|---|---|
| Executive Compensation | 77 million | 81 million | Increase |
| supervisory Board Compensation | 18 million | 33 million | Increase |
| Net Profit (Naftogaz) | 0.8 billion | 23.9 billion | Significant Increase |
| Net Consolidated Profit (Group) | – | 38 billion | 64% Increase |
| Revenue from Sales | – | 298.7 billion | – |
| Ukrgazdobycha Financial Result | – | 20.9 billion | Nearly Doubled |
Where Can I Find the Source Material for This Information?
The information presented is based on the company’s financial statements, sourced from www.mof.gov.ua.