Since the beginning of 2026, Lesy Ukrainy has harvested 244,000 cubic meters more timber products than in the same period in 2025, the state-owned enterprise’s press service reported on its Telegram channel.
According to the report, the pace of harvesting has increased by 44%. The work is being carried out ahead of schedule, despite unfavorable weather conditions – snowfalls and severe frosts.
At the same time, Lesy Ukrainy noted that businesses are choosing contracted products with a certain delay. The main reasons are the lack of electricity and logistics problems, in particular due to enemy attacks on the railway in some northern regions.
“We are in constant contact with our customers. In general, businesses are not refusing products, but are proposing to revise shipment schedules,” the state-owned enterprise noted.
Currently, there is an increase in the stock of certain types of timber in warehouses, but this is not critical for the winter period. The company has decided not to slow down the pace of harvesting, strictly adhering to its commitments for 2026. Lesy Ukrainy added that further developments will depend on the buyers of timber products.
State Enterprise “Forests of Ukraine” has proposed increasing its investment plan for 2026 to UAH 4.1 billion, of which more than UAH 2.1 billion is planned to be spent on Ukrainian-made goods and services. The updated investment program will be focused on supporting the state policy “Made in Ukraine,” according to a Facebook post by the state-owned enterprise’s CEO, Yuriy Bolokhovets.
He noted that UAH 380 million has been allocated for the purchase of firefighting equipment in the investment program of the State Forestry Agency of Ukraine. He emphasized that 95% of these funds can be received by Ukrainian enterprises that manufacture fire trucks, modules, video surveillance masts, special clothing, and equipment.
UAH 80 million has been allocated for forest restoration equipment (disc harrows, mulchers, seeders). The company is ready to allocate another UAH 100 million for the purchase of Ukrainian-made trailers, semi-trailers, and trawls.
At the same time, the CEO of Lisiv Ukrainy noted that modern logging equipment (harvesters, forwarders) is not yet produced in Ukraine, so they plan to purchase it directly from European manufacturers.
Among other investment areas, Bolokhovets mentioned the construction of forest roads, for which UAH 621 million has been allocated. The work will be carried out by the company itself or by Ukrainian contractors using local materials. In addition, the development of forest seed centers will continue, for which the state-owned enterprise has allocated UAH 270 million, 90% of which will be spent on Ukrainian goods and services.
Bolochovets added that next month, the procurement department of the state-owned enterprise “Forests of Ukraine” plans to hold a “Supplier Day.” Businesses will be presented with investment programs and procurement plans for 2026-2027 to obtain feedback on technical specifications and the level of competition.
The CEO of “Forests of Ukraine” recalled that in 2025, 72,000 enterprises took advantage of the “Made in Ukraine” state support programs.
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.
According to the results of 2025, the state-owned enterprise “Forests of Ukraine” achieved significant growth in key financial and economic indicators, said the head of the enterprise, Yuriy Bolokhovets.
The enterprise’s revenue reached UAH 29.9 billion, pre-tax profit — UAH 8.4 billion, and profitability — 23%. UAH 15.8 billion in taxes were paid. Forty-four percent of revenues are transferred to the budget, which is the highest percentage in the forestry and woodworking industry.
“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. Figures 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,” says Yuriy Bolokhovets.
The growth in indicators is largely due to de-shadowing, as the product sales system is now as open as possible. The State 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 2026, the company plans to increase harvesting volumes, which will contribute to further growth in economic indicators.
The process of purchasing an unprecedented amount of specialized equipment has begun: harvesters, forwarders, skidders, tractors, trailers, and equipment for transporting timber. Currently, the State Enterprise “Forests of Ukraine” is working to increase this year’s investment plan by at least half in order to maximize the pace of harvesting.
Last year, the company transferred 100% of its procurement of harvesting services to Prozorro. However, due to a shortage of personnel, contractors often fail to complete the work on time. Therefore, additional teams are being formed throughout Ukraine and hundreds of new vacancies for loggers are being opened.
“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, no decision has been made yet,” said Yuriy Bolokhovets.
According to him, the year started very actively. Despite snowfalls and frosts, the dynamics of harvesting are higher than last year. The equipment is working, forest roads are cleared, and warehouses are shipping products.
“We feel a huge responsibility, because when other businesses stop, we continue to work and grow, compensating for budget losses. We are only waiting for long-planned decisions on legislative and regulatory changes aimed at unlocking the potential of forestry…,” said Yuriy Bolokhovets.
This year, the State Enterprise “Forests of Ukraine” will direct equally significant investments toward the conservation, protection, and restoration of forests.
All forest fire stations of the State Enterprise “Forests of Ukraine” are 100% equipped with modern tools and equipment: from protective clothing, backpack fire extinguishers, and communication devices to mobile firefighting modules. Now it is time to upgrade large-scale firefighting equipment. The first nine vehicles have already been delivered, with another nine planned in the near future.
The recreation development program, which has already saved thousands of hectares of forest for the state, will also continue. The company will pay even more attention to the care of forest crops, as it is thanks to them that the market will be supplied with high-quality timber in the future.
Plans for this year include restarting the implementation of ERP — it is impossible to imagine a modern company without an automated management system. The corporatization process will continue, which involves revaluation of property, inventory, and preparation of transfer deeds. The registration of property rights to land will be completed.
Last year, the de-occupied forestries of Kharkiv, Donetsk, and Kherson regions joined the State Enterprise “Forests of Ukraine.” The restoration, harvesting, and protection of forests has begun. The area affected by fires has decreased significantly. However, it is not only the frontline forestry enterprises that need help. The company is working to bring in other forest users who are unable to perform their functions fully.
Given the energy situation in Ukraine, the warehouses of the state-owned enterprise ‘Forests of Ukraine’ have accumulated over 220,000 cubic metres of firewood, which is enough to provide for the social sector, the population and the military, the press service of the state-owned enterprise reported on Telegram.
‘The situation in the energy sector is extremely difficult. We have high hopes that Ukrainian cities will withstand it. But we are preparing for any scenario. (…) Procurement continues uninterrupted, and despite the extremely complicated logistics, the warehouses are constantly being replenished,’ the state-owned enterprise emphasised.
According to information from ‘Forests of Ukraine,’ despite prolonged power outages, there has been no significant increase in demand for firewood. Since the beginning of 2026, forestry enterprises across the country have sold only 15,000 cubic metres.
The state-owned enterprise emphasised that it considers fuel supplies to the Armed Forces of Ukraine to be no less of a priority, which are also being fulfilled in full in accordance with the terms of the contracts. If necessary, foresters are ready to increase supplies.
‘Forests of Ukraine’ assured that it would leave prices for social firewood unchanged until the end of the heating season and advised households to start thinking about the next season and replenish their stocks in advance.
The state-owned enterprise “Forests of Ukraine” has completed auctions for the first quarter of 2026, during which almost all forest products were contracted, prices for hardwood species continued to rise, and prices for coniferous species stabilized, the press service of the state-owned enterprise reported.
“Forests of Ukraine” noted that the auctions were held for the first time under the zero quota for firewood exports introduced by the Cabinet of Ministers. However, in the process of competitive struggle for resources, market participants once again reached higher price levels.
Thus, 381,000 cubic meters were put up for quarterly auctions for the sale of industrial wood (PV), and almost 100% was contracted. Compared to the fourth quarter, the average price of firewood rose from UAH 2,300/cubic meter to UAH 2,600/cubic meter. The main reason was the rise in the price of hardwood from UAH 2,300/cubic meter to UAH 3,000/cubic meter. At the same time, the market value of softwood did not change significantly and amounted to UAH 2,400/cubic meter.
It is noted that the supply of firewood for sale by the State Enterprise “Forests of Ukraine” was distributed almost equally between quarterly and semi-annual (forward) auctions. The forward contracts for the first half of the year took place earlier: 100% of the resource (741 thousand cubic meters) was sold, with an average sale price of UAH 2.4 thousand/cubic meter.
“The tool for hedging price risks by concluding long-term contracts has once again proven its effectiveness. At least in the first quarter, products under semi-annual contracts for firewood will be slightly cheaper,” the state-owned enterprise stated.
Of the 775,000 cubic meters of round timber put up for sale at quarterly auctions, more than 99.5% was sold. The average selling price increased from UAH 6,800/cubic meter in the fourth quarter to UAH 7,300/cubic meter.
At the same time, “Forests of Ukraine” considers it incorrect to talk about a general increase in prices for commercial timber, since birch rose in price from UAH 5,700/cubic meter to UAH 7,600/cubic meter, oak from UAH 22,000/cubic meter to UAH 28,000/cubic meter, and ash from 8,000 UAH/cubic meter to 11,000 UAH/cubic meter. At the same time, alder has become cheaper, falling from 6,700 UAH/cubic meter to 5,900 UAH/cubic meter, and pine from 5,900 UAH/cubic meter to 5,600 UAH/cubic meter.
About 25% of the resource (654 thousand cubic meters) was put up for forward trading in commercial timber for the first half of the year. The average selling price at forward trading was slightly lower than the quarterly price and amounted to UAH 7.2 thousand/cubic meter. At the same time, while oak and ash were indeed contracted at prices lower than those at quarterly auctions, the situation was reversed for coniferous species, the state-owned enterprise noted.
