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.
According to statistics from the State Customs Service, imports of trucks to Ukraine in July 2025 amounted to $85.07 million, which is 6% less than in June of this year.
According to the published data, most trucks were imported last month from Poland – $20.1 million (26.4% more), France – $14.4 million (5.4% less), and the US – $5.7 million (16.4% less).
In total, over the first seven months of this year, trucks worth $563.6 million were imported into Ukraine, including $117.5 million from Poland, $89.5 million from France, and $87 million from the US.
Imports of trucks from all other countries in January-July amounted to $269.5 million.
At the same time, according to statistics, Ukraine exported only $3.7 million worth of trucks in seven months, mainly to Turkey (53% of exports of such vehicles), Romania (42.6%), and Moldova (22%).
As reported, in 2024, imports of trucks to Ukraine increased by 30% compared to 2023, to $947.84 million, with the largest share coming from Poland (almost 20%).
China increased oil production by 1.3% in January-July compared to the same period last year, to 126.6 million tons, according to the State Statistical Office.
In July alone, production rose by 1.2% to 18.12 million tons.
Oil refining for the seven months totaled 424.68 million tons, up 2.6% from the same period in 2024. In July alone, it rose 8.9% to 63.06 million tons.
Natural gas production in the country in January-July increased by 6% and reached 152.5 billion cubic meters, according to the GSU report. Last month, production rose by 7.4% to 21.6 billion cubic meters.
As of August 15, farmers harvested 24.81 million tons of early grain and leguminous crops from 6 million 186.6 thousand hectares, which is 55% of the area sown with these crops, according to the Ministry of Economy.
Last year, as of August 16, 28.46 million tons of grain were harvested from 6 million 717.6 thousand hectares, which means that the current figures are 12.8% and 7.9% lower, respectively, and the average yield, which is 4.0 tons/ha, is 5.4% lower.
According to the Ministry of Economy, 18.99 million tons of wheat were harvested from 3 million 396.2 thousand hectares (last year – 21.68 million tons from 4 million 846.1 thousand hectares), barley – 4.73 million tons from 1 million 247.2 thousand hectares (5.48 million tons from 1 million 397.4 thousand hectares).
The average yield of these crops this year is 4.3 tons/ha and 3.8 tons/ha, respectively, which is 3.5% and 3.3% less than last year’s figures.
At the same time, this year’s pea harvest is already higher than last year’s – 0.57 million tons from 230,300 hectares compared to 0.46 million tons from 207,600 hectares, and the yield is 12.8% higher at 2.5 tons/hectare.
Other grains and legumes were threshed on an area of 310,800 hectares, with a harvest of 0.51 million tons (0.83 million tons).
It is noted that among the leaders are, in particular, the Odessa region, which harvested 3.43 million tons from an area of 1 million 70,400 hectares, the Kirovohrad region harvested 2.20 million tons from an area of 533,400 hectares, and the Vinnytsia region harvested 2.08 million tons from an area of 337,600 hectares.
In the Kirovograd and Dnipropetrovsk regions, buckwheat harvesting has begun (0.1 thousand tons, compared to 2.4 thousand tons on the same date last year), and 1.5 thousand tons of millet (9.5 thousand tons) have also been harvested, the Ministry of Economy added.
According to its data, the rapeseed harvest as of August 15 amounted to 3.01 million tons from an area of 1 million 184.8 thousand hectares, while last year on August 16, it was 3.36 million tons from 1 million 227.6 thousand hectares, and the average yield is 7% lower than last year’s on the same date and amounts to 2.5 tons/ha.
As reported, the National Bank of Ukraine, in its Inflation Report published at the end of July, lowered its forecast for this year’s grain harvest from 61.7 million tons to 57.9 million tons, and for oilseeds from 22 million tons to 21 million tons.
The NBU recalled that last year, the grain harvest in Ukraine fell to 56.2 million tons from 59.8 million tons in 2023, while oilseeds fell from 21.7 million tons to 20 million tons.
According to forecasts by Deputy Minister of Economy Taras Vysotsky, this year’s grain harvest will be about 56 million tons, the same as last year.
Ukrainian President Volodymyr Zelensky plans to discuss all details regarding the end of the war with US President Donald Trump in Washington on Monday, August 18.
“I intend to discuss all details regarding the end of the killings and the end of the war with President Trump in Washington on Monday.
I am grateful for the invitation,” Zelensky wrote on Telegram on Saturday after a telephone conversation with Trump.
The president said that the long and substantive conversation with the American leader was first one-on-one and then also with the participation of European leaders. In total, the leaders spoke for more than an hour and a half, about an hour with Trump.
“Ukraine once again confirms that it is ready to work as productively as possible for peace. President Trump informed me about his meeting with the Russian leader and the main points of the conversation. It is important that America’s strength influences the development of the situation,” Zelensky said.
He noted that Ukraine supports Trump’s proposal for a trilateral meeting between Ukraine, the US, and Russia.
“Ukraine emphasizes that key issues can be discussed at the leadership level, and the trilateral format is suitable for this,” the Ukrainian president added.
He also stressed the importance of involving Europe at all stages to ensure reliable security together with the US.
The leaders discussed positive signals from the US side regarding participation in ensuring Ukraine’s security.
“We continue to coordinate our positions with all partners. Thank you to everyone who is helping,” the president concluded.
The International Finance Corporation (IFC) and OTP Leasing, the largest company in the Ukrainian market, have announced the launch of a EUR50 million risk sharing facility (RSF) to increase financing for small and medium-sized enterprises (SMEs) as well as mid-cap companies in Ukraine for energy and energy efficiency needs.
“This initiative aims to finance sectors such as agriculture, manufacturing, trade, energy, and logistics, focusing primarily on sustainable energy solutions that enhance Ukraine’s energy resilience,” the IFC said in a press release on Friday.
Under the RSF, the IFC will assume up to 50% of the credit risk for a maximum amount of EUR 25 million. The project’s 10% capital cost compensation mechanism (up to a total of EUR 6 million) will encourage lessees to choose sustainable solutions over more polluting alternatives.
It is noted that against the backdrop of Russia’s invasion and high risk, private sector lending has declined, with corporate lending falling from 12.8% of GDP in 2021 to 9.2% of GDP in 2024, while the leasing sector, as a critical alternative to lending, contracted by 59.4% in 2022 and has only partially recovered thanks to support from the state and assistance from international development finance institutions.
In addition, since the start of the Russian invasion, Ukraine has lost almost two-thirds of its power generation capacity, highlighting the need for decentralized and sustainable energy systems.
“Thanks to the current RSF, OTP Leasing will be able to offer more leasing deals to traditionally underfinanced SMEs and mid-caps in Ukraine that prioritize small-scale renewable energy generation and energy-efficient sustainable projects, particularly climate-smart agriculture and green transport,” the IFC noted.
IFC’s participation in the RSF and the capital cost compensation mechanism are supported by the IFC’s Economic Resilience Action Program (ERA) for Ukraine, funded by the UK Department for International Development with EUR10 million.
Andrew Okenden, the UK’s Chargé d’Affaires in Kyiv, noted that the UK strongly supports Ukraine’s green and sustainable economic recovery, and that this approach reflects the key priorities of the 100-year Partnership Agreement signed by Prime Minister Keir Starmer and President Volodymyr Zelenskyy earlier this year.
According to IFC Regional Manager for Ukraine Lisa Kestner, the new agreement will increase access to finance for Ukrainian businesses, particularly in critical sectors such as agribusiness, manufacturing, and logistics. “Our initiative will help businesses invest in sustainable energy solutions such as climate-smart agriculture, small-scale renewable energy generation, and energy efficiency projects,” she emphasized.
Since February 2022, IFC, as part of its Economic Resilience Action Program (ERA) for Ukraine, has provided $2.5 billion in support to Ukraine’s private sector, including $940 million in mobilized financing.
According to IFC, as of March 31, 2025, OTP Leasing had approximately 33.6% of the Ukrainian market share in terms of leasing portfolio ($330.5 million in outstanding lease transactions). The company provides financial leasing and fleet management services to SMEs and mid-caps throughout the country. The company is wholly owned by Hungary’s OTP Bank Plc.
