Business news from Ukraine

Business news from Ukraine

Varus.ua increased its turnover by 1.6 times thanks to delivery by Nova Poshta

Varus.ua’s turnover through Nova Poshta delivery in the first half of 2025 increased by 1.61 times compared to the same period in 2024, and the supermarket chain’s revenue increased by 18.1%, according to the chain’s press service.

“The online segment showed strong results in the first half of 2025. The market share and turnover of the Varus.ua conscious shopping service doubled compared to the same period last year,” said Oleg Spirin, e-commerce director at Varus.ua.

The frequency of purchases on Varus.ua grew by 10%, and the average check by 15%.
It is noted that in the first half of the year, the number of website users increased by 20%, and app users by 90%.

According to the company, the turnover of the Varus supermarket chain grew by 18.1% compared to the first half of 2024. Three new stores were opened: one in Odesa and two in Kyiv. One of the capital’s supermarkets was implemented in the Varus Home “near home” format, which became the second facility of this format in the chain.

The total number of Varus supermarkets is 115.
In 2025, Varus will launch four new brands. Currently, the chain has 14 private labels, according to a press release. Private labels account for 10.5% of the chain’s total turnover.

In the first half of the year, Varus hired 2,009 new employees. According to the press service, in July, young people aged 17 and older accounted for 7% of the total number of new employees.

According to a press release, in July, Varus received the first tranche of a loan from the European Bank for Reconstruction and Development—almost UAH 630 million out of a total loan amount of over UAH 1 billion. The remaining funds will be received by the end of the year as part of a UAH 2.2 billion food security project.

“The funds received will be used to expand the network, increase business resilience, and implement energy-efficient solutions as part of the Green Economy Transition (GET) approach. Varus plans to install solar panels, modernize lighting, introduce reversible split air conditioning systems, and develop stable logistics,” the company said, noting that solar power systems have already been installed at 21 supermarkets in the chain.

Varus is a national supermarket chain represented on the Ukrainian grocery retail market by Omega. The first store in the chain was opened in 2003 in Dnipro, and there are now 115 supermarkets in various cities across Ukraine and a DarkStore in Kyiv. The chain operates in several formats: classic supermarkets, To Go stores, and the Varus.ua online store.

According to Opendatabot, the owner of Omega LLC is the Cypriot company Veigant Enterprises Limited. The ultimate beneficiaries are listed as Valery Kiptik and Ruslan Shostak.
According to the company’s financial results for 2024, its revenue increased by 14.3% compared to the previous year, to UAH 20 billion. Net profit decreased by 80.9% to UAH 38.2 million.

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Nova Poshta increased its net profit by 2.6%

Nova Poshta, Ukraine’s leading express delivery company, increased its unconsolidated net profit by 2.6% in the second quarter of 2025 compared to the same period in 2024, to UAH 905.45 million.
According to the company’s reports on its website and in the NSSMC’s information disclosure system, revenue in the second quarter grew by 22.9% to UAH 12 billion 712.14 million.

In total, in the first half of this year, Nova Poshta’s net profit decreased by 19.6% to UAH 1 billion 195.74 million, while revenue increased by 22.1% to UAH 24 billion 571.27 million.
It is noted that gross profit for the first half of the year increased by 30.8% to UAH 5 billion 55.3 million, while operating profit increased by 45.6% to UAH 2 billion 443.82 million.

The lower net profit is due to the fact that in January-June last year, Nova Poshta received UAH 1 billion 340.82 million in other financial income, while in the same period this year, it received UAH 341.15 million, but at the same time increased its income tax payments to UAH 227.01 million from UAH 83.43 million.

The report also states that at the end of May, the company decided to issue a new four-year series H bond issue for UAH 1 billion with a nominal yield of 16% in the first year and UIRD+3 percentage points in the following three years.

As of mid-2019, Nova Poshta had obligations under three bond issues of series “E,” “F” and “G” for UAH 995.82 million maturing on July 30 this year, UAH 998.45 million maturing on June 1 next year, and UAH 999.38 million maturing on May 2, 2027.

The company’s bank liabilities as of the middle of this year decreased to UAH 6 billion 388.72 million from UAH 6 billion 635.01 million a quarter earlier.
The main activity of Nova Poshta is 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.

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Nova Poshta’s revenue reached UAH 24.6 bln, with 238 mln shipments delivered

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.

 

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Nova Poshta placed G series bonds worth UAH 1 bln

Nova Poshta, the leader in express delivery in Ukraine and part of the Nova Group, has fully placed G series bonds with a total nominal value of UAH 1 billion.

The National Securities and Stock Market Commission (NSSMC) approved the corresponding bond issue report on July 22, 2025.

The nominal value of the bonds is UAH 1,000, and other parameters of this closed issue have not been announced.

As reported, in April 2024, Nova Poshta registered issues of Series E and F bonds worth UAH 1 billion, with maturities on July 29 of this year and May 31, 2026, respectively. The nominal yield on these bonds is set at 17% and 16% per annum, respectively.

In January this year, Nova Poshta already redeemed Series D bonds issued in April 2023 in the amount of UAH 800 million.

In May this year, the NSSMC approved the placement of two new issues of Nova Poshta bonds – series G and H with a nominal value of UAH 1 billion each. The placement will be carried out without a public offering. The company has declared that the funds raised will be used to develop its terminal network (35%), invest in IT (15%), BDF containers and motor vehicles (30%), and packaging for parcels (20%).

According to Nova Poshta’s financial report for the first quarter of 2025, its net consolidated revenue increased by 20.7% compared to the first quarter of last year, to UAH 14.3332 billion, while net profit decreased by 21.4%, to UAH 567.7 million.

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.

 

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“Nova Poshta” will change head after 10 years of leadership

In 2025, the 10-year period of cooperation between Nova Poshta and CEO Oleksandr Bulba ends, the company’s press service reports.
It is noted that under Bulba’s leadership, the company has achieved the most ambitious results.

“Between 2015 and 2025, Nova Poshta increased its annual delivery volume from 93 million to 500 million (as planned for the end of 2025). By the end of this year, the company’s network will cover 50 thousand service points across the country, 25 times more than at the beginning of cooperation with Bulba. Parcels in Ukraine are consistently delivered in less than 24 hours, and the international business is showing steady growth.

The press release emphasizes that the period of full-scale war deserves special attention. Despite the mobilization of the team, constant attacks on infrastructure and destroyed logistics routes, the company not only maintained its stability but also continued to develop, introduce new services and support the country’s economy.

“The success of Nova Poshta is the result of the consistent work of the CEO and the large team he led. For many years in a row, Oleksandr Bulba has been recognized as one of the most effective leaders in Ukraine. At the same time, any success comes at a price, and even the most successful projects need a fresh look. That’s why the company’s co-owners, together with Oleksandr, made a joint decision: 2025 will be his final year as CEO of

Nova Poshta. Until the end of the year, Bulba will continue to lead the company, focusing on the implementation of the approved development strategy,” the release said.

Thus, on December 31, 2025, Nova Poshta will have a new CEO. The co-owners and the Supervisory Board express their deep gratitude to Bulba for the years of fruitful cooperation and his invaluable contribution to the company’s development.

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Nova Poshta to receive EBRD loan and grant for infrastructure development

The European Bank for Reconstruction and Development (EBRD) has granted a loan of up to EUR50 million to Nova Poshta LLC, part of the Nova Group, to finance part of its capital investment program for 2025-2026.

According to the bank’s press release on Friday, the loan will be multi-currency with the option of drawing funds in hryvnia and euros and will consist of two tranches: the first tranche of EUR35 million will be provided upon signing, and the second tranche of EUR15 million will be reserved by the bank at its sole discretion.

According to the release, Nova Poshta’s development strategy supported by the loan includes improving physical infrastructure, optimizing and expanding the network, modernizing IT systems, improving energy management and restoring human capital, as well as decarbonization and wider access for women.

The total cost of the project is EUR69.1 million, according to the announcement.

The EBRD financing is guaranteed by a first loss guarantee covering 15% of the EBRD loan amount provided by the European Union (EU) under the Ukraine Investment Framework for Municipal Infrastructure and Industrial Resilience (UIF MIIR).

An investment grant of up to EUR1.5 million is also expected to be provided to support decarbonization and human capital restoration programs supported by the TaiwanBusiness-EBRD Technical Cooperation Fund and the Crisis Response Special Fund (CRSF).

According to the release, in 2024, Nova Poshta set a new record by delivering 429 million shipments, 16% more than in 2023, and the significant growth in demand, in turn, created a need for further expansion.

Nova Poshta is the main operating subsidiary of the Nova Group, which is owned by two Ukrainian businessmen, Vyacheslav Klimov and Volodymyr Poperechnyuk. It operates a network of over 39,000 service points and has around 33,000 employees in Ukraine, serving over 11 million customers every month.

The EBRD has been successfully cooperating with Nova Poshta since 2018, financing four of its projects during this time.

According to Nova Poshta’s financial report for the first quarter of 2025, its consolidated net income increased by 20.7% compared to the first quarter of last year, to UAH 14.3332 billion, while net profit decreased by 21.4%, to UAH 567.7 million. The ultimate beneficial owners of the company are Volodymyr Poperechnyuk and Vyacheslav Klimov.

 

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