As of January–September 2025, the Group’s companies paid 543 million UAH in taxes, which is 41% less than in the same period last year (915 million UAH). This reduction occurred, among other reasons, due to increased government pressure and the blocking of gas production assets of the publicly listed British company Enwell Energy.

Among the largest taxpayers within Smart Holding Group:

• Smart Energy Group (gas production sector) – almost 347 million UAH
• Veres (agri-food group) – almost 98 million UAH
• Smart Urban Solutions (real estate) – over 53 million UAH

The largest contributions were rental payments – 143 million UAH and personal income taxes – 142 million UAH.

It should be noted that since the beginning of 2025, the gas production assets of Smart Energy have been forced to idle due to the blocking of special permits for extraction. As a result, Ukraine is losing not only taxes and domestic gas production but also jobs in the frontline regions of Kharkiv and Poltava.

Smart Maritime Group and Naval, whose operations have been suspended for the fourth year due to the war, paid almost 23 million UAH in mandatory payments during the first nine months of this year.

“The current situation is extremely difficult for business. Some of our assets are not operating due to sanctions, others due to the war, and gas production enterprises remain blocked because of suspended special permits. Despite this, we continue to fulfill our obligations to state and local budgets, pay rental fees, taxes, and maintain teams at blocked assets. We do this because we feel responsible for our employees and communities. At the same time, it is important to understand: prolonged blocking of production harms not only the company but also the state – these are losses of tax revenues, domestic gas, and jobs. We are open to dialogue and propose constructive solutions to change the situation for the benefit of the country,” said Ivan Herasymovych, CEO of Smart Holding.

Before the full-scale invasion, Smart Holding Group employed about 4,500 people and generated over 4 billion UAH in profit. Now, the number of employees has decreased threefold, and instead of profits – losses. EBITDA in 2021 was $140 million. The forecast for the end of this year is a sharp drop to $2–5 million.

Overall, since the beginning of the full-scale war, the Group’s companies have paid almost 8 billion UAH to state and local budgets. In addition, more than 3 billion UAH has been allocated for humanitarian aid to the population.

Smart Holding has proposed to the authorities a step-by-step mechanism to unblock gas production enterprises, which does not involve lifting sanctions against ultimate beneficiaries but will allow Ukrainian businesses to operate. To do this, it is only necessary to amend points 73–78 of Annex 1 of the NSDC Decision dated 08.10.2024.