The State Public Joint Stock Company Centrenergo, which is one of the largest energy companies in the country, officially announced that it would emerge from default based on its performance in 2025.
Despite the extremely difficult operating conditions caused by large-scale attacks on energy infrastructure, the company demonstrated record financial performance. The company managed to radically change the state of its equity, moving from a negative value of six billion hryvnias to a positive figure of two billion hryvnias.
Centrenergo’s financial report for the past year indicates revenue of 23 billion hryvnias, with net profit of 4.06 billion hryvnias. Thanks to the high level of profitability, recorded at 22%, the state-owned company was able not only to maintain operational activities, but also to pay 2.7 billion hryvnias in taxes and fees to budgets of various levels.
Two billion hryvnias were also directed to repay debts accumulated during previous reporting periods.
“The key achievement was the exit from the default state: the company’s equity increased from negative 6 billion hryvnias to positive 2 billion hryvnias,” the Centerenergo press center summarized.
Last year was a period of unprecedented challenges for the company due to the constant threat from air attack. The company’s production facilities suffered more than 100 hits, including drone attacks and missile strikes, which led to significant damage to equipment. In response to these challenges, Centrenergo invested two billion hryvnias in measures to restore and protect critical infrastructure, which allowed it to ensure stable electricity generation for the needs of industry and the population.
“More than 100 hits, constant drone and missile attacks, significant destruction of infrastructure – 2025 has become one of the most difficult in the company’s history,” added PJSC Centrenergo.
Law enforcement agencies and the state pay special attention to the transparency of financial flows within the structure. Recently, over 114 million hryvnias, which were the subject of an investigation into fraud during the purchase of coal for the needs of the company’s thermal power plants, were returned to the state budget. This indicates increased control over the use of public funds in the strategically important energy sector.
The successful financial stabilization of Centerenergo against the backdrop of military operations is considered an important stage in strengthening the country’s energy security. The company continues to implement plans to modernize generating capacities and prepare for future heating seasons, focusing on international standards for state asset management. Positive profit dynamics create the prerequisites for further attracting investments in the reconstruction of the energy system.
