In January–September 2025, the state-owned enterprise “Forests of Ukraine” increased its revenue from product sales by 25.4% compared to the same period in 2024, to UAH 21.7 billion, according to the press service of the state-owned enterprise.
According to the report, half of the funds received by Forests of Ukraine were directed to budgets at all levels. The enterprise also increased its tax payments in the current year by almost 70% to UAH 10.7 billion.
“Thanks to the growth in sales revenue, significant savings on purchases, and optimization of expenses, profitability increased from 14.8% to 28.6% compared to last year,” Lisy Ukrainy specified.
In September, the state-owned enterprise harvested the largest volume of timber in the last five months. Harvesting volumes reached 1.07-1.1 million cubic meters per month.
The fulfillment of auction contracts for the supply of timber currently stands at over 90%, and taking into account buyer refusals, 97%. A significant proportion of refusals occur in the frontline, eastern, and northern regions, where the risks of harvesting or delivering products have increased. Forward six-month contracts are almost 100% fulfilled.
The balance of products in the company’s warehouses at the end of the quarter is the lowest since the beginning of the year – 550 thousand cubic meters.
Lesy Ukrainy drew attention to the seasonal increase in demand for firewood for the population, which corresponds to last year’s level. In September, the company harvested over 300,000 cubic meters of firewood. By the end of 2025, it plans to harvest over 900,000 cubic meters more to build up a strategic reserve for the winter period.
“Exchange prices for firewood have risen significantly since last year. For the population and the social sphere, the state-owned enterprise “Forests of Ukraine” maintains social prices at a stable level. The average cost of firewood in Ukraine, as in the previous year, is approximately 1-1.1 thousand hryvnia per cubic meter,” the state-owned enterprise summarized.
