Nova Poshta, the leader in express delivery in Ukraine and part of the Nova Group, increased its revenue by 23% in the first half of 2025 compared to the same period in 2024, to UAH 24.6 billion, the company reported on Thursday.
According to the release, the volume of parcels and cargo delivered amounted to 238 million, which is 7% more than in the same period of 2024.
Earlier it was reported that in the first quarter of this year, Nova Poshta increased its revenue by 21.3% to UAH 11.85 billion and delivered 106.6 million parcels and cargoes.
According to the release, 5.9 million international parcels were delivered in the first half of 2025, compared to 10.2 million for the whole of 2024.
In addition, the Nova Poshta branch network grew by 708 locations in the first six months of this year, to 13,985, and the number of parcel terminals increased by more than 4,000 to 28,326, while in mid-2024 there were 12,180 and 18,370, respectively.
It is noted that in six months, NOVA Group companies paid UAH 7.9 billion in taxes and fees in Ukraine, which is 36% more than in the first half of 2024: Nova Poshta – UAH 6.1 billion, NovaPay – UAH 765 million, Nova Digital – UAH 211 million, Nova Global – UAH 94 million.
The company noted that in the first half of 2025, capital investments amounted to UAH 1.9 billion. The funds were allocated to network expansion, modernization of sorting hubs, renewal of the logistics fleet, development of energy independence, and digital solutions, while in the first six months of last year, the company reported UAH 3.6 billion in capital investments.
According to the release, in January-June this year, UAH 983 million was allocated to charity, 1.4 million humanitarian shipments, or 35,700 tons, were delivered, and a total of more than 4.6 million have been delivered since the start of the full-scale invasion.
The main activity of Nova Poshta remains the express delivery of documents, parcels, and palletized large-size cargo.
The company is the leader in express delivery in Ukraine. Its ultimate beneficial owners are Volodymyr Poperechnyuk and Vyacheslav Klimov.
The volume of export traffic of JSC Ukrzaliznytsia in January-June 2025 decreased by 13.5% to 38.7 million tons, domestic traffic by 11.7% to 35.5 million tons, while the volume of imports increased by 5.4% to 5.3 million tons, the company’s CEO Oleksandr Pertsovsky reported on Facebook.
“In the first half of 2025, Ukrzaliznytsia transported 79.6 million tons of cargo, which is 11.8% less than last year. With this trend continuing throughout the year, the annual figure will be approximately 50-52% of the freight volume in the period before the full-scale invasion (2021). We are currently experiencing the lowest load in the history of the railway, which is extremely painful for the company’s ability to function, as freight traffic has always been the main source of income for the railway,” he said.
Percovsky clarified that the largest decline was in the transportation of coal, which fell by 27.5% due to the loss of mines and the deterioration of the security situation, and grain and milled products, which fell by 32.5%.
“Farmers point to the late start of the season, so we are counting on some levelling off later in the year (more shipments went out in July). Fair rules of the game are also important: we are working closely with the State Railway Transport Inspectorate on stricter checks of weight limits so that grain is not transported to ports in violation of weight limits, ‘killing the roads’ with trucks,” said the CEO.
According to him, the company managed to work with customers in the construction industry, and against the backdrop of some market revival, construction transportation of building materials increased by 4% and cement by 10%. However, as Pertsovsky emphasized, the current ultra-low tariffs for this group of goods do not add to UZ’s profits.
The CEO explained the growth in imports by the work of colleagues from the commercial team, who were able to convince important players in the fuel market to try rail services and use our logistics with our subsidiary UZ Cargo Poland.
As for transit, it is almost non-existent in the context of the war with Russia, although the company is taking its first steps towards building multimodal routes, Pertsovsky said. He recalled that in the first half of this year, the first transit container ferries were sent to Georgia, opening up opportunities for transit to Azerbaijan, Kazakhstan, and, in the future, increasing transit volumes from China through the “Middle Corridor.”
He also said that UZ had launched a systematic survey of freight customers. “The customer loyalty index (NPS) was -27%. It’s an honest start, but it was important to record it. We have taken specific steps (in particular, in terms of digital services and work on cargo delays) and will continue to measure progress,” Pertsovsky emphasized.
Among the issues that the company was unable to resolve in the first half of the year, he mentioned the indexation of freight tariffs, which “froze at the level of mid-2022.”
“We are working to prove that there must be a balance and a fair approach to those who make it possible to sell these cargoes – our Ukrainian railway workers,” said the CEO of UZ, pointing to wage growth and investments in the company’s customers.
As reported, in 2024, Ukrzaliznytsia increased freight traffic by 17.9% compared to the previous year, to 174.9 million tons.
Last year, UZ increased export transportation by 51.2% to 84.67 million tons, imports by 40.9% to 9.63 million tons, while domestic transportation decreased by 5.5% to 80.2 million tons.
In January-March of this year, Interpipe, an international vertically integrated pipe and wheel company (TKC), reduced its capital investments by 46.2% compared to the same period last year, from $13 million to $7 million.
According to the company’s interim report, capital investments in the pipe segment amounted to $3 million during this period, compared to $9 million in Q1 2024.
In addition, investments in the railway products segment during the reporting period also amounted to $3 million ($3 million), and in the steel and other segments – $1 million ($1 million).
It is also noted that as of March 31, 2025, consolidated total debt amounted to $268 million and consisted of $258 million in 2026 bonds and two bank credit lines (denominated in euros) totaling $10 million.
Cash and cash equivalents amounted to $312 million thanks to stable financial results and the gradual redemption of 2026 bonds. Consolidated total net debt was negative at $45 million at the end of March 2025.
The consolidated net leverage ratio (total net debt to EBITDA) as of March 31, 2025, was also negative at -0.2x.
It should be noted that since 2025, the company has reduced the amount of outstanding 2026 bonds to approximately $236 million through a public offering and a series of market buybacks.
Interpipe is a Ukrainian industrial company that manufactures steel pipes and railway products. The company’s products are supplied to more than 50 countries worldwide through a network of sales offices located in key markets in the Middle East, North America, and Europe. In 2024, the company transferred UAH 5.5 billion to budgets of all levels.
The company’s structure includes five industrial assets: Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ), Interpipe Novomoskovsky Pipe Plant (NMTZ), Interpipe Niko-Tube, Dnipropetrovsk Vtormet, and the Dniprostal electric steel rolling complex under the Interpipe Steel brand.
The company employs approximately 9,500 people.
The ultimate owner of Interpipe Limited is Ukrainian businessman and philanthropist Viktor Pinchuk and members of his family.
On August 1, Feofaniya Clinical Hospital of the State Administration announced a tender for the purchase of motor vehicle insurance services.
According to a notice in the Prozorro electronic public procurement system, the expected cost of the services is UAH 219,574. The deadline for submitting bids is August 10.
The state-owned enterprise Ukravtogaz, part of the Naftogaz group, has reduced the price of compressed natural gas (CNG) from 42 to 37.80 UAH/m3, or by 10%, effective August 1.
“We would like to inform you that the price of compressed natural gas sold through the AGNC network of Ukravtogaz will be 37.80 UAH per cubic meter, including VAT, starting August 1, 2025,” the company said on its website.
As reported, Ukravtogaz raised the price of CNG from 34.80 to 42 UAH/cubic meter, or by 20.7%, effective August 1, explaining this forced decision by the increase in the purchase cost of natural gas and market changes.
Ukravtogaz is the largest national retailer of environmentally friendly motor fuel in Ukraine. The company produces CNG (compressed natural gas) and sells it through its own network of automobile gas filling stations (AGFS). By the end of 2025, Ukravtogaz plans to expand its network to 38 CNG stations in various regions of Ukraine.
Natural gas is supplied to CNG stations via gas pipelines, where the gas pressure is increased to 20 MPa (200 atm) and then pumped into vehicle cylinders.
Net outflow from Ukraine in 2026 will remain at the 2025 level of 0.2 million people. This worsened migration forecast was included by the National Bank of Ukraine (NBU) in its updated macro forecast, which was also worsened due to expectations of a longer war.
“Given the slow normalization of economic conditions, estimates of migration flows in the coming years have been worsened. It is expected that in 2026, the outflow of migrants will continue at a similar pace to the current one (about 0.2 million people), while the April forecast predicted the return of 0.2 million people,” the National Bank’s inflation report published on its website says.
“Net returns will only begin in 2027 (about 0.1 million people, compared to 0.5 million in the previous forecast),” the NBU added.
At the same time, it left its assumptions for 2025 unchanged: a net outflow of about 0.2 million people is expected.
The NBU report notes that the risks of increased combat activity and shelling of rear regions, occupation of new territories, or a significantly longer war remain significant. If these risks materialize, migration outflows will intensify.
“The active policy of recipient countries’ governments to retain Ukrainians, especially those involved in the labor market, is also a negative risk for the migration forecast,” the National Bank adds.
According to the updated forecast, 5.8 million Ukrainians will remain abroad this year, 6 million next year, and 5.9 million in 2027.
At the same time, an alternative forecast, which assumes a faster end to the war, predicts that next year the number of Ukrainians abroad will fall to 5.6 million, and in 2027 to 5.1 million, which is in line with the April forecast.
As reported, the National Bank of Ukraine worsened its macroeconomic forecast in July: in 2025, economic growth will be 2.1% instead of the previously expected 3.1%, and in 2026-2027, it will be 2-3% instead of 3.7-3.9%.
