In the first half of 2025, the state-owned joint-stock company Ukrposhta increased its revenue by 5.4% compared to the same period last year, to UAH 6 billion 505.0 million, reducing its net loss by 27.2% to UAH 311.8 million.
“In the first half of 2025, the volatility of external markets was exacerbated by the uncertainty of the tariff policy of the world’s largest economies and a significant decline in the hryvnia exchange rate against foreign currencies,” the report says.
According to the report, Ukrposhta ended the first half of the year with a negative capital of UAH 101.6 million, compared to UAH 210.2 million at the beginning of the year.
However, the company noted that in the first half of 2025, it managed to improve its financial performance compared to the same period last year.
According to the reporting in the NSSMC disclosure system, the company’s gross profit in the first half of 2025 increased by 9.9% to UAH 605.2 million, while operating losses increased by 12.8% to UAH 474.8 million due to an increase in administrative and other operating expenses.
National postal services accounted for the largest share of total revenue in the first half of the year, at UAH 3 billion 859.6 million, which is 7.6% more than in the same period last year. The delivery of parcels and small packages increased by 9.7% to UAH 2 billion 078.3 million, written correspondence by 9.8% to UAH 814.2 million, subscription processing and delivery of periodicals by 1% to UAH 142.9 million, while international postal exchange remained at UAH 613.9 million.
The company’s financial and related services grew by 0.4% to UAH 2.212 billion, in particular, pension payments and delivery decreased by 6.5% to UAH 1.3416 billion, postal transfers decreased by 5.8% to UAH 147.4 million, while payment acceptance increased by 20.1% to UAH 674.7 million.
Ukrposhta’s income from trade in own and commission goods increased by 14.3% in the first half of the year to UAH 431.6 million.
It is noted that investments in non-current assets in the reporting period decreased to UAH 195.1 million from UAH 312.1 million in the same period last year.
According to the report, the company’s long-term liabilities in the first half of the year increased from UAH 1.38 billion to UAH 2.59 billion, while short-term liabilities decreased from UAH 9.95 billion to UAH 8.57 billion.
It is noted that as of June 30, 2025, financing under the loan agreement with the EBRD was received in the amount of EUR 42.5 million, and EUR 14.81 million was repaid.
According to the report, as of June 30, 2025, the company violated financial covenants under the loan agreement with the EBRD, but at the company’s request, the bank waived the covenant requirement for 2025.
Ukrposhta emphasized that significant uncertainty in its activities remains in 2025. Thus, the management’s plans to bring the company to profitability in 2025 were affected by large-scale shelling of infrastructure facilities by the aggressor, which led to disruptions in operations, loss of facilities involved in revenue generation due to their destruction by the aggressor, and loss of territory.
Separately, Ukrposhta indicated that it plans to actively invest in the second half of the year and implement measures that will ensure positive financial results and sufficient cash flow to ensure uninterrupted operations even if risks materialize.
In particular, this includes the introduction of IT solutions with 3-in-1 devices to enable offline operation in rural areas, further integration with OLX, marketplaces, and typical customer CRM systems to ensure the availability of Ukrposhta services for small business customers; delivery quality is ensured at a level of at least 95% of the stated deadlines.
“A corresponding liquidity stress test shows that even if all risks materialize, the Company will be able to continue to meet its obligations to creditors and complete key investment projects in the foreseeable future,” the report says.
In addition, the Escher front-office system is being updated, which will speed up service delivery and enable payment by bank card.
The company also noted that it is in the final stages of transitioning to a new automated parcel sorting system, purchasing and delivering new vehicles to renew its fleet and reduce dependence on third-party transport, and deploying a new front-end system for mobile branches, while continuing to improve and refine its desktop solution.
According to the report, Ukrposhta is additionally focusing on preparing for work in conditions of prolonged blackouts in winter.
