According to the results of 2025, the state-owned enterprise “Forests of Ukraine” received UAH 29.9 billion in revenue, UAH 8.4 billion in pre-tax profit, and 23% profitability, said the general director of the state-owned enterprise, Yuriy Bolokhovets, on Facebook.
He specified that “Forests of Ukraine” paid UAH 15.8 billion in taxes in 2025, which is 44% of its revenue and is the highest percentage in the forestry and woodworking industries.
“For the first time since independence, billions in profits from timber sales have not been diluted by shadow schemes and divided between officials and intermediaries, but have been directed entirely to the budget. This is an indisputable fact. Numbers are stubborn things, and they make it possible to evaluate the work of an enterprise on the basis of objective figures rather than subjective judgments,” Bolokhovets wrote.
The CEO expressed confidence that the growth in indicators is largely due to de-shadowing, as the product sales system is now as open as possible. The state-owned enterprise “Forests of Ukraine” publishes information on each exchange transaction: who contracted what volume of timber and at what price. A list of product refusals is also published.
In 2025, the state-owned enterprise transferred 100% of its procurement of harvesting services to Prozorro. However, due to a shortage of personnel, contractors often do not have time to complete the work. Therefore, additional teams are being formed throughout Ukraine and new vacancies for loggers are being opened.
According to his information, “Forests of Ukraine” plans to increase harvesting volumes in 2026. To this end, the procurement of special equipment has already been launched: harvesters, forwarders, skidders, tractors, trailers, and equipment for transporting timber. Currently, the state-owned enterprise “Forests of Ukraine” is working to double its investment plan for 2026 in order to increase the pace of harvesting.
“We are determined to offer the market the largest volume of forest products since the start of the full-scale war. We expect an additional million cubic meters thanks to the acceleration of the approval of forest management materials. We expect another million cubic meters from the deregulation of licensing procedures. Changes to the regulatory framework are being developed, but unfortunately, the decision has not yet been made,” Bolokhovets said.
In 2026, the state-owned enterprise “Forests of Ukraine” also plans to increase investments in forest protection, conservation, and reforestation, focusing on the care of forest crops to ensure a high-quality timber market in the future. The recreation development program will continue.
Bolochovets added that the state-owned enterprise’s plans for 2026 include restarting the implementation of an automated ERP management system and continuing the corporatization process, which involves revaluation of property, inventory, and preparation of transfer deeds. The registration of property rights to land will be completed. The enterprise will also work on incorporating forest users who are unable to fully perform their functions into its structure.
