Business news from Ukraine

Business news from Ukraine

“Nova Poshta” Increased Its Consolidated Net Income by 24% in First Half of Year

“Nova Poshta,” Ukraine’s leading express delivery service and part of the Nova Group, increased its consolidated net profit by 24.3% in the first half of 2026 compared to the same period in 2025—to 2.195 billion UAH, while revenue rose by 31.8% to 39.127 billion UAH.

According to the company’s consolidated financial report, its gross profit rose by 19.9% compared to the same period last year—to 8.474 billion UAH—and operating profit increased by 29.5%, to 4.633 billion UAH.
Consolidated revenue in the second quarter of this year increased by 35.5% compared to the same period a year ago, reaching 20.909 billion UAH, while consolidated net income rose by 8.5% to 1.299 billion UAH.

Consolidated gross profit in the second quarter rose by 15.7% compared to April–June 2025, reaching 4.520 billion UAH, while operating profit increased by 18.5%, to 2.590 billion UAH.
As of June 30, 2026, Nova Poshta had UAH 14.2 billion in equity against total assets of UAH 40.452 billion, which is lower than the figures as of December 31, 2025—UAH 16.803 billion and UAH 44.219 billion, respectively.

The amount of cash and cash equivalents also decreased—to 10.829 billion UAH from 12.360 billion UAH. The company paid 4.380 billion UAH in dividends over the first half of the year, compared to 726 million UAH in January–June 2025.
The consolidated report notes that expenditures on the acquisition of fixed assets and intangible assets in the first half of this year amounted to 1 billion 322 million UAH, compared to 1 billion 973 million UAH a year ago.

As reported in the interim financial statements, “Nova Poshta” increased its net profit 2.3-fold in the first half of 2026 compared to the same period last year—to 2 billion 708 million hryvnias—and its revenue by 31.7%, to 32.5 billion hryvnias.
It was previously noted that in the first six months of 2026, the company increased the volume of processed shipments by 11.5% compared to the same period last year: the volume of delivered packages and cargo reached 254.4 million, including 17.9 million international shipments.

As of July 13, 2026, the “Nova Poshta” network comprised 54,700 service points: 16,800 branches and 37,900 parcel lockers throughout Ukraine.
In 2025, “Nova Poshta” increased its revenue by 21.6% compared to 2024—to 54.2 billion UAH—and its net profit rose by 4.4%—to 2.6 billion UAH. The number of parcels and shipments delivered increased by 7.4%—from 486 million to 522 million—with international shipments rising by 52.6%, from 19 million to 29 million.

Nova Poshta’s core business remains the express delivery of documents, parcels, and palletized large-sized cargo. The company is the leader in express delivery in Ukraine. Its ultimate beneficial owners are Volodymyr Poperešniuk and Vyacheslav Klimov.

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EVA’s owner’s revenue for first half of year rose by 21% to 18 bln hryvnia

Rush LLC, the owner of the EVA chain in Ukraine, reported a 21.4% increase in net revenue for January–June 2026 compared to the same period in 2025—to 18 billion UAH—while net profit rose by a quarter to 674.5 million UAH.

According to the company’s filing in the disclosure system of the National Securities and Stock Market Commission, its gross profit in the first half of 2026 grew by 26.8% to 6.5 billion UAH.
Rush’s retained earnings increased by 0.7% to 5.9 billion UAH, long-term liabilities rose by 19.6% to 5.3 billion UAH, and short-term liabilities increased by 1% to 8.1 billion UAH. Rush’s assets increased by 5.2% to UAH 20.2 billion.

As of June 30, 2026, Rush LLC had issued long-term unsecured Series “H” and “G” series unsecured bonds with a face value of 500 million UAH maturing in 2027, as well as “I” series bonds with a face value of 500 million UAH maturing in May 2030, with potential call options in May 2026 and 2028.
As noted in the report, as of June 30, 2026, the EVA chain had 1,185 stores in various regions of Ukraine. Since the beginning of the year, the company has opened 27 new retail locations.

As previously reported, the EVA chain’s distribution center in Brovary (Kyiv Oblast) was damaged as a result of a Russian attack on August 18.
Rush LLC was founded in 2002. According to the YouControl analytics system, the company’s owner is listed as the Cypriot firm Incetera Holdings Limited (100%), with Ruslan Shostak (through the Cypriot company Mitali Holdings Ltd) and Valeriy Kiptyk (through the Cypriot company Kingsbarns Holdings Limited) as the ultimate beneficiaries.

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“Monomakh” Increased Revenue by 21.9% to 1.51 Bln UAH in First Half of Year

Tea and coffee producer Monomakh PJSC (Kyiv Oblast) increased its revenue by 21.9% to 1.51104 billion UAH in January–June 2026, but saw its net profit decline by a factor of 3.4 to 24.43 million UAH.

According to the company’s semi-annual report filed with the National Securities and Stock Market Commission (NSSMC)’s disclosure system, gross profit rose by 29.2% to 484.75 million UAH, while operating profit fell by 41.6% to 84.4 million UAH.
The company’s assets for the first half of the year decreased by 6% to 1.7752 billion UAH, equity by 5.7% to 609.87 million UAH, and total liabilities by 6.1% to 1.16534 billion UAH.

According to the report, revenue in the second quarter rose by 18.0% to 685.42 million UAH, while net profit fell 2.8-fold to 9.52 million UAH.
The company specified that in the second quarter it produced and sold 1.39 thousand metric tons of products, with export revenue accounting for 11% of total sales.

PJSC “Monomakh” was founded in 2000. It produces packaged tea and coffee products under the LOVARE, “Monomakh,” “Three Elephants,” “Tea Masterpieces,” “KAIF,” Ferrara, and “Coffee Masterpieces” brands. The average number of employees is 567. The ultimate beneficial owner is Taras Barabash.
In 2025, the company increased its revenue by 22%—to 2.77 billion UAH—but saw its net profit decline by 40%—to 181.84 million UAH.

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Cash inflows to Ukrainian banks’ teller windows rose by 8.9% over first half of year

The volume of cash inflows to banks’ teller windows in the first half of 2026 increased by 8.9% compared to the same period in 2025—to 1 trillion 554.8 billion UAH, while the volume of cash disbursements rose by 8.7% to 1 trillion 602.4 billion hryvnias, according to statistics from the National Bank of Ukraine (NBU).

“The increase in cash inflows to bank teller windows was driven by a revival in economic activity starting in the second quarter of this year and sustained consumer demand amid rising household incomes, particularly wages and pensions,” the National Bank noted on its Telegram channel on Monday.
The regulator attributes the rise in hryvnia cash withdrawals from bank teller windows to heightened security risks caused by airstrikes and the destruction of industrial, energy, and residential infrastructure, which sustained public demand for cash.

In the first half of 2026, the largest share of cash withdrawals from bank teller windows, as before, came from customer transactions using payment cards—85.5%, or 1 trillion 369.7 billion hryvnias.
Banks’ purchases of foreign currency from customers accounted for 4.9%, or 78.9 billion UAH; cash replenishments for postal operators accounted for 3.4%, or 54.9 billion UAH; and payments of salaries and scholarships accounted for 2.2%, or 34.6 billion UAH.

The main sources of cash inflows to bank teller windows remained retail sales proceeds—31.4%, or 488 billion UAH—and customer transactions using payment cards—28.0%, or 435.7 billion UAH.
Foreign currency sales accounted for another 15.3%, or 238.1 billion UAH, while revenue from all types of services accounted for 12.2%, or 188.9 billion UAH.

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Experts Club has compiled ranking of Ukraine’s jewelry companies – data from Opendatabot

Zlata Estate became the largest among Ukrainian companies with jewelry-related KEVD codes that published financial statements for 2025, with revenue of 1.261 billion UAH, according to an Opendatabot study and its analysis by Experts Club dated August 17, 2026.

Resurs+ took second place with revenue of 1.019 billion UAH, while Weiss King came in third with 955.4 million UAH.

Amadeo, the official distributor of Pandora in Ukraine, generated 830.4 million UAH in revenue and ranked fourth. Rounding out the top five is “Opti Gold” with 620.4 million UAH.

Overall, the top 10 jewelry companies in Ukraine by revenue for 2025 are as follows:

“Zlata Estate” — 1.261 billion UAH

“Resurs+” — 1.019 billion UAH

“Weiss King” — 955.4 million UAH

“Amadeo” — 830.4 million UAH

“Opti Gold” — 620.4 million UAH

“Golden Hit” — 618.3 million UAH

“Parity+” — 608.5 million UAH

“Silver Tears” — 586.3 million UAH

“Silver Spectrum” — 471.1 million UAH

“Kipsayk” — 445.1 million UAH.

The combined revenue of the top five companies alone exceeded 4.68 billion UAH.

However, Opendatabot cautions that the ranking does not provide a complete picture of Ukraine’s jewelry market. Of the 1,282 active companies with the relevant KVED codes, only 358—less than one-third—submitted financial statements for 2025. Therefore, the ranking presented reflects the performance of companies for which financial data is available, rather than that of all industry participants.

In total, as of the end of July, there were 7,865 jewelry businesses in Ukraine, including 1,282 companies and 6,583 sole proprietorships.

 

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“Podillya Food Company” Increased Its Net Profit by 42% in the First Half of the Year

In the first half of 2026, PJSC “Podillya Food Company” increased its net profit by 42.4% compared to the first half of 2025, reaching 587.25 million UAH.

As the company reported in the National Securities and Stock Market Commission’s (NSSMC) disclosure system, it increased its revenue 2.4-fold to 2.48 billion UAH.
According to the report, gross profit rose 4.1-fold to 541.74 million UAH, while operating profit increased by 44% to 710.91 million UAH.

Since the beginning of the year, the company’s assets have increased by 0.8% to 9.46 billion UAH, while equity rose by 12.4% to 5.34 billion UAH, including retained earnings, which increased by 12.4% to 5.33 billion UAH.
The company’s current assets increased by 5.3% over the first half of the year to 6.36 billion UAH; specifically, trade and other current receivables rose by 2% to 3.36 billion UAH, while total liabilities decreased by 11% to 4.12 billion UAH.

According to the report, in the second quarter of 2026, “Podillya Food Company” continued to invest in the acquisition, modernization, and maintenance of fixed assets—including production equipment, vehicles, infrastructure facilities, and auxiliary equipment. Specifically, the company acquired new agricultural machinery—including mineral fertilizer spreaders, a generator, and seed cleaning equipment—as well as a disc harrow; for its dairy operations, it purchased a new cooling panel and a milk pasteurizer.

Going forward, “Podillya” plans to focus on increasing the yield of sugar beets and grain crops using precision farming technologies, specifically variable-rate fertilizer application and GPS-monitored machinery. The company is also considering expanding its portfolio of leased land and upgrading its fleet of agricultural machinery with energy-efficient models.
In addition, “Podillya” is analyzing the possibility of investing in a production line for granulated beet pulp and molasses, which will allow the company to diversify its revenue streams and ensure zero-waste production.

In the livestock sector, “Podillya” plans to gradually increase the size of its dairy herd and replace low-productive animals with breeding stock possessing high genetic potential. Plans also include the renovation of barns and the automation of feeding processes to increase average daily milk yields.

PJSC “Podillya Food Company” is part of the “Ukrprominvest-Agro” agricultural holding. It owns a land bank of 51,000 hectares. It specializes in growing sugar beets, wheat, corn, and barley, as well as in swine farming (21,000 head), and maintains a herd of 3,000 head of cattle. It has a grain storage facility with a capacity of approximately 60,000 metric tons. The company employs 5,500 people.

“Ukrprominvest-Agro” is engaged in crop cultivation, sugar and flour production, and meat and dairy livestock farming. The group’s land bank exceeds 116,500 hectares. The agricultural holding is located primarily in regions that have not been invaded by Russian occupiers.
The group’s sugar business consists of two sugar factories in the Vinnytsia region. Total grain storage capacity for agricultural crops is 120,000 metric tons.

“Ukrprominvest-Agro” comprises “Agroprodinvest Group” LLC, “PK Podillya” PJSC, PK Zorya Podillya LLC, Vinnytsia Bakery Products Plant No. 2 LLC, Dniproagrolan Agricultural Farm, Ivankivtsi Agricultural Farm, Mas-Agro LLC, Pravoberezhne LLC, and Progress-NT LLC.
Since December 2019, the agricultural holding has been owned by Oleksiy Poroshenko, the son of the former president of Ukraine.

In 2025, the “Podillya” Food Company saw its revenue decrease by 39.5%—to 3.18 billion UAH—and its net profit decrease by 36.1%—to 698.8 million UAH.

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