The European Bank for Reconstruction and Development (EBRD) plans to provide a loan of up to EUR 50 million to Nova Poshta LLC of the Nova Group of Companies (GC) to finance part of its capital investment program for 2025-2026, with a focus on improving operational efficiency and supporting the company’s development strategy in Ukraine during the war.
“… includes improving physical infrastructure, optimizing and expanding the network, modernizing IT systems, improving energy management, and restoring human capital,” the bank lists the elements of Nova Poshta’s development strategy on its website.
It is noted that the loan will be multi-currency with the possibility of selecting funds in hryvnia and euros and will consist of two tranches: tranche 1 in the amount of EUR 35 million will be reserved from the moment of signing, tranche 2 in the amount of EUR 15 million will be reserved by the bank solely at its discretion.
The total cost of the project, according to the report, is EUR 69.1 million.
The EBRD reminds that Nova Poshta is the leading private postal and courier operator in Ukraine, with a network of more than 12,000 branches and 27,000 post offices and about 34,000 employees. Every month, the company provides services to more than 11 million customers in Ukraine.
This project, which has passed the final review stage and is awaiting approval, possibly in June, is the fifth in the history of relations between Nova Group and the EBRD.
It is noted that under the existing loan, in May 2025, the company informed the bank of a planned reduction of about 2,900 employees, which is less than 10% of the total number. The EBRD emphasizes that the analysis of this reduction process confirmed that the client complies with the terms of such collective dismissals stipulated in the loan agreement, provided a detailed description of the reduction process, has an effective grievance system and responds appropriately to them without any litigation, and has an effective process of interaction with the trade union, which is informed about the large-scale restructuring plan that will affect employees throughout 2025.
As reported, last August, the EBRD provided a EUR 70 million loan to Nova Group to finance its investment program for 2024.
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 billion 333.2 million, while net profit decreased by 21.4% to UAH 567.7 million. The ultimate beneficial owners of the company are Volodymyr Popereshnyuk and Viacheslav Klymov.
As noted by the Standard Rating agency, as of the beginning of April this year, with total accounts payable of UAH 13.51 billion, Nova Poshta used, in addition to long-term bank loans, resources raised from the issue of two series of bonds – E and F series of UAH 1 billion each.
At the end of May, the National Securities and Stock Market Commission (NSSMC) approved the decision to place two new bond issues of Nova Poshta, Ukraine’s leading express delivery company: series G and H with a nominal value of UAH 1 billion each.
According to the regulator’s decisions, the issuer plans to conduct a private placement of bonds.
The SMIDA disclosure system indicates that the nominal value of one bond is UAH 1,000.
It is noted that 35% of investments will be attracted to the development of the terminal network, 15% to IT, 30% to BDF containers and motor transport, and 20% to packaging for parcels.
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 billion 333.2 million, 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.
According to the rating agency Standard Rating, as of early April this year, Nova Poshta had total accounts payable of UAH 13.51 billion and, in addition to long-term bank loans, used resources raised from the issue of two series of bonds – E and F, each worth UAH 1 billion, which were registered by the National Securities and Stock Market Commission on April 26, 2024.
The nominal yield on Series E bonds is 17% per annum, Series F bonds is 16% per annum, and the interest period is 91 days. The maturity date of Series E bonds is May 31, 2026.
In January 2025, Nova Poshta redeemed Series D bonds issued in April 2023 in the amount of UAH 800 million, and prior to that, in 2020-2024, three more bond issues totaling UAH 1.8 billion.
Nova Poshta, Ukraine’s leading express delivery company, has opened a new sorting hub in Kaunas after two years of operating in Lithuania and opening more than 650 service points in the country, according to a press release on Monday.
“Kaunas is one of the key logistics hubs in the EU. The city’s convenient location at the intersection of major transport corridors allows us to build efficient routes for both domestic and international shipments,” said Svitlana Knyzhka, CEO of Nova Post in Lithuania, in the release.
It is noted that the hub handles over 1,000 shipments daily, operates 24/7, and provides delivery throughout Lithuania, as well as to Ukraine and other European Union countries. Its launch has made it possible to speed up delivery to Latvia by one day and to Estonia by two days.
The logistics hub also houses a Nova Poshta cargo department, where you can send and receive documents, parcels, and cargo weighing up to 1,000 kg.
“This year, we also plan to launch fulfillment based at the hub in Kaunas. This will open up new opportunities for our business customers: they will be able to store goods, process orders quickly, and deliver them fast both in Lithuania and across Europe, including Ukraine,” said Knyzhka.
She added that the company is also actively working on integration with platforms such as Kamenskaya Ink, Multiparcel, and Swotzy.
As reported, the consolidated revenue of the NOVA group of companies, which includes the parent company Nova Poshta LLC and its subsidiaries, in particular NovaPay, NovaPay PL, NP Digital, NOVA Digital Sp. z o.o. (Poland), Nova-Enerji, Novobox, Nova Place, Nova Post Europe, subsidiaries in Lithuania, Moldova, Poland, Slovakia, Hungary, Romania, Estonia, Latvia, the Czech Republic, Canada, Great Britain, France, Italy, Poland, Belgium, Spain, the Netherlands, in 2024 grew by 24% to UAH 54.2 billion. Consolidated profit decreased by 10.8% to UAH 3.81 billion.
Nova Poshta, the leader in express delivery in Ukraine, has launched the first of seven gas-fired cogeneration gas piston units planned for installation by 2025.
“A new stage in the implementation of the energy independence program has begun: the first gas piston cogeneration unit with an electrical capacity of 1 MW has started operating at the company’s hub (Nova Poshta – IF-U) in western Ukraine. Six more CCGs are currently being installed and are expected to be commissioned this year, including in Kyiv,” Nova Poshta’s press service reported on Tuesday on Telegram.
The company’s CHP units will generate electricity and heat from natural gas.
According to the report, Nova Poshta has invested a total of UAH 300 million in energy independence and plans to invest another UAH 150 million in 2025. More than half of the total investment of UAH 450 million will go toward gas generation.
Earlier it was reported that Nova Poshta’s energy company (NOVA group) – Nova Energy – became an electricity trader after receiving a license from the NEURC.
Nova Poshta founded the energy company Nova Energy in April 2023 to develop regular electricity generation and ensure the autonomy of the company’s facilities in connection with Russia’s attacks on the energy system. Since August, the company has been engaged in small-scale wholesale sales of diesel fuel on the open market.
Co-owner of Nova Poshta Volodymyr Poperechnyuk announced plans to install industrial uninterruptible power supply systems and energy storage equipment to increase the efficiency of energy capacities.
He also stated that after the end of the war and the improvement of the energy supply situation, Nova Energy will be sold as a non-core business.
It was reported that Nova Poshta had installed a second solar power plant (SPP) at its terminal in Kyiv and plans to increase its capacity to 1.4 MW. Nova Poshta’s first 1 MW SPP was commissioned in January at the Kyiv Innovation Terminal, located on its roof.
In 2024, Nova Poshta, the leader of express shipments in Ukraine, increased its revenue by 22% to UAH 44.77 billion, while its net profit decreased by 36.9% to UAH 2.5 billion, according to its financial results, which were confirmed by the audit company Baker Tilly Ukraine LLC and published in the SMIDA information disclosure system.
“Despite the challenges of wartime and the shelling of branches and terminals, Nova Poshta operated as usual in 2024. The number of shipments in 2024 exceeded 480 million parcels and cargoes, or +16% year-on-year. The NPS (Consumer Loyalty Index) level for 2024 for the company was 80.8%,” the report says.
It is noted that due to the strategy of increasing customer accessibility points, the number of branches, delivery points and post offices in Ukraine amounted to more than 37 thousand at the end of December 2024.
As of December 31, 2024, the ratio of own and agency branches was 1,891 and 11,317, respectively, compared to 1,847 and 9,614 as of December 31, 2023.
The average number of full-time employees of the company, including part-time employees and those on maternity leave, was 27,509 at the end of 2024 compared to 26,327 at the end of 2023.
In 2024, despite the military aggression, Nova Poshta resumed investments in innovation, launching and testing of new technologies and services, amounting to UAH 7.3 billion, the report says.
According to information on SMIDA, the consolidated income of the group of companies, which includes the parent company Nova Poshta LLC and its subsidiaries, including NovaPay, NovaPay PL, NP Digital, NOVA Digital Sp. z o.o. (Poland), Nova-Energy, Novobox, Nova Place, Nova Post Europe, subsidiaries in Lithuania, Moldova, Poland, Slovakia, Hungary, Romania, Estonia, Latvia, Czech Republic, Canada, the United Kingdom, France, Italy, Poland, Belgium, Spain, and the Netherlands, in 2024 increased by 24% to UAH 54.2 billion. Consolidated profit decreased by 10.8% to UAH 3.81 billion.
Nova Poshta’s core business remains the express delivery of documents, parcels and palletized bulky cargo. The company is the leader in express delivery in Ukraine. Its ultimate beneficial owners are Volodymyr Popereshnyuk and Viacheslav Klymov.
In January-March 2025, Nova Poshta, the leader of express shipments in Ukraine, increased its net income by 21.3% compared to the same period in 2024, to UAH 11.85 billion.
As the company reported in the SMIDA information disclosure system, its net profit for the first quarter of 2025 decreased by 1.7 times to UAH 290.29 million.
Long-term bank loans increased by UAH 26.98 million to UAH 5.074 billion compared to the first quarter of 2024. As of March 31, the total amount of outstanding loans to banks amounted to UAH 6.635 billion.
The amount of liabilities on securities as of the reporting date was UAH 1.99 billion, including UAH 995.82 million on E series bonds issued on April 26, 2024, and UAH 998.45 million on F series bonds (also dated April 26, 2024).
In January-March, the company delivered 106.6 million parcels worth UAH 11.85 billion.
