NovaPay Credit, a subsidiary of the international financial service NovaPay (TM NovaPay) from the Nova group, which is the issuer of NovaPay bonds, increased its net profit by 1.8 times in January-September 2025 compared to the same period last year, to UAH 101.56 million.
According to the company’s report on its website, revenue increased 2.8 times to UAH 488.07 million, gross profit increased 2.2 times to UAH 164.70 million, and operating profit increased 2.3 times to UAH 134.85 million.
It is noted that the company’s current accounts receivable for the first nine months of 2025 increased from UAH 784.77 million to UAH 1 billion 260.75 million, while proceeds from the sale of bonds increased to UAH 659.02 million from UAH 376.89 million for the first nine months of 2024, while the cost of their redemption increased to UAH 446.42 million from UAH 332.52 million.
In September 2025, NovaPay redeemed two-year Series C bonds worth UAH 100 million, which it had placed with institutional investors. The issuer’s portfolio still contains another series of bonds of this type, Series I, worth UAH 90 million.
Proceeds from repo agreements with bonds, which the company offers as an alternative to bank deposits, increased to UAH 971.30 million from UAH 615.922 million, while expenses under such agreements increased to UAH 682.26 million from UAH 505.35 million, and interest expenses increased to UAH 69.22 million from UAH 31.84 million.
As reported, NovaPay issued 12 bond issues with a total nominal value of UAH 1.19 billion during 2023-2025. However, securities of all series, except for three, are used for the REPO program as an alternative to bank deposits, they are available for purchase in the NovaPay mobile application, and interest payments on them are scheduled to be made once upon redemption. Interest on bonds for institutional investors is paid quarterly. They also have an annual offer, and the nominal yield for the first year of circulation is 18% per annum. The “K” series became the third for institutional investors.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first among non-banks to launch its own financial application with a wide range of financial services at the end of last year.
According to the prospectus, NovaPay Credit plans to increase its interest income to UAH 802.1 million this year and to UAH 1 billion 515.1 million next year, and to earn UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue growing to UAH 285.6 million from UAH 95.6 million.
