Energy plans rapid growth and modernisation
The year 2025 was exceptionally successful for our division from both a financial and operational perspective. We achieved significant growth in production, revenue and profitability, and our overall results significantly exceeded the original plan. EBITDA reached CZK 1.7 billion, with our operations in Ukraine being the main driver of this outstanding performance.
In the E&P sector, we continued to develop our existing operations in the Czech Republic and Austria, whilst also securing two new exploration and production licences in Ukraine, where we drilled and brought into production a total of ten new wells and completed the production infrastructure on the Tynivská licence. Total oil and gas production reached 310,000 COE (crude oil equivalent), and we succeeded in discovering new 2P reserves amounting to 240,000. In the Czech Republic, we also successfully continued our programme to decommission redundant wells.
Another important milestone was the preparation and successful auditing of the first ESG report for the entire MND Group. At the same time, we opened new offices in Lviv and commenced extensive modernisation of the Úprkov site in Hodonín.
In 2026, we will focus primarily on the further development and stabilisation of key activities in the E&P sector, particularly in Ukraine. We plan to produce approximately 377,000 COE of oil and natural gas, of which 244,000 COE will be in this region. In Ukraine, we intend to drill a further ten new exploration and production wells and carry out 3D seismic surveys on newly acquired licences.
The strategic objective remains the development of existing licences, and we will also focus intensively on building a portfolio for growth in the coming years. Our ambition in Ukraine is to build, in the medium term, a production portfolio targeting an annual production volume of one billion cubic metres of gas.
In the Czech Republic, 2026 will be marked by the optimisation of E&P activities, the utilisation of all economically viable resources, the improvement of operational efficiency, and the continuation of the campaign to decommission individual wells. We will continue to develop new business activities in the energy sector, particularly in the areas of battery storage, electricity generation and Gas-to-Power projects. We intend to focus more on opportunities in Ukraine and, newly, in Poland as well.
We will once again prioritise the quality of our working environment, complete the new operational building in Dambořice and revitalise the Úprkov site.
We will also continue our CSR activities in both the Czech Republic and Ukraine. In Ukraine, this will include continued cooperation with the Olena Zelenska Foundation and the Partnership Foundation. We will also continue our support for war veterans and our cooperation with the University of Ivano-Frankivsk. In the Czech Republic, we will continue with projects focused on supporting local communities, education and cooperation with local partners. We are now getting involved in projects focused on public discussions on current issues affecting society as a whole.
Jana Hamršmídová
Director of the Energy Division
Other articles
An IT guy who goes to the vineyard to clear his head
The road above Moravský Žižkov comes to an end, and from there on, the only way forward is a path winding through the rows of vines. It is here that Milan Svoboda ‘clears his head’ after work. During the day, he maintains servers and manages cloud systems and their security; in the afternoons, he picks up his secateurs and tends to the vineyard.
The new look of the Úprkov site
The refurbishment of the MND site and building on Úprkova Street is gradually transforming the working environment to better meet the current needs of both the company and its staff. This is not merely a technical upgrade – the project specifically combines functionality, aesthetics and the community aspect of the space. The transformation of the site is not taking place in a single phase. The refurbishment of the interior spaces has been underway since 2024 and also includes technical aspects such as the modernisation of the heating system. The modifications to the outdoor area are based on an architectural study prepared by Jung architekti at the end of 2025.
Poddvorov 27 – A reclamation project with a future
Perhaps no other MND site better illustrates the successful reclamation of land following the end of mining operations. The site of the former Poddvorov 27 borehole now serves as an example of how an area left behind by mining operations can be given a new purpose and actively utilised once more – in the form of a modern agrovoltaic concept.