In the first half of 2025, JTI Ukraine, one of the key players in the tobacco market, transferred UAH 21.2 billion in taxes to the state budget, representing a 75% increase over the same period in 2024. The primary factors driving growth were legislative changes, particularly the increase in excise tax rates, as well as improvements in the company’s operational performance and fluctuations in the exchange rate.
The largest share of tax revenue traditionally came from excise duties (UAH 16.4 billion, +81% compared to the first half of 2024) and VAT (UAH 2.76 billion, +73%) – a result of stable demand, adaptation to regulatory changes, and balanced cash flow management. Significant growth was also recorded in other categories: corporate income tax (+45%), customs duties (+37%), unified social contribution (+24%), personal income tax, and military levy (+36%).
“In the first half of the year, we consistently met all the requirements of tax legislation. For us, this is not only an obligation but also part of our corporate responsibility – to be a reliable partner to the state, especially in times of martial law,” stated Olha Sulitska, Chief Financial Officer at JTI Ukraine.
Along with its tax obligations, JTI Ukraine continues to invest in social initiatives. Since the beginning of 2022, the company has directed over UAH 270 million to support employees and communities, with an additional USD 6.3 million raised through projects with JT Group. In 2025, the project’s focus will be on several key areas, aiming to increase the inclusivity of communities by improving accessibility, enhancing well-being, and implementing long-term impact programmes.
Since 1999, the total volume of investments has exceeded USD 433.7 million. In July of last year, the company announced additional investments of USD 60 million over the period of 2024–2026 in the category of heated tobacco products (HTP). In the second half of the year, JTI Ukraine plans to strengthen risk management while maintaining the stability of its tax and social obligations. This approach is key in a context where transparent and responsible business activity lies the foundation for the country’s economic recovery.
