Business news from Ukraine

Business news from Ukraine

KSG Agro increased revenue by 20.2% and operating profit by 37.5%

In January-June 2025, the KSG Agro agricultural holding increased its revenue to $9.4 million, which is 20.2% more than in the same period of 2024, and operating profit by 37.5% to $765,000, the press service of the agricultural holding reported.

“The increase in sales revenue and operating profit during this difficult period of war is a remarkable result and further confirmation of the correctness of our vertically integrated holding strategy, which we began to implement long before the start of the war. In addition, our pig herd renewal program, which we intensified in 2024-2025, played an important role,” said Sergey Kasyanov, Chairman of the Board of Directors of KSG Agro.

As reported, during 2025, the KSG Agro agricultural holding actively rejuvenated its herd at its own pig farm. In June-July, the pig herd was replenished with 500 purebred breeding sows from Danish Pig Genetics, supplied by Breeders of Denmark A/S (Denmark). The agricultural holding claims that this will allow KSG Agro to renew its pig herd with 4,000 highly productive F-1 hybrid sows already this year.

KSG Agro is a vertically integrated holding company engaged in pig breeding, as well as the production, storage, processing, and sale of grain and oilseeds. Its land bank in the Dnipropetrovsk and Kherson regions is about 21,000 hectares.

According to KSG Agro, it is one of the five best pork producers in Ukraine.

In 2023, the agricultural holding began implementing a “network-centric” strategy, under which it will move from developing a large location to a number of smaller pig farms located in different regions of Ukraine.

 

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Ukrposhta’s revenue grew to UAH 6.5 bln in 2025

In the first half of 2025, the state-owned joint-stock company Ukrposhta increased its revenue by 5.4% compared to the same period last year, to UAH 6 billion 505.0 million, reducing its net loss by 27.2% to UAH 311.8 million.

“In the first half of 2025, the volatility of external markets was exacerbated by the uncertainty of the tariff policy of the world’s largest economies and a significant decline in the hryvnia exchange rate against foreign currencies,” the report says.

According to the report, Ukrposhta ended the first half of the year with a negative capital of UAH 101.6 million, compared to UAH 210.2 million at the beginning of the year.

However, the company noted that in the first half of 2025, it managed to improve its financial performance compared to the same period last year.

According to the reporting in the NSSMC disclosure system, the company’s gross profit in the first half of 2025 increased by 9.9% to UAH 605.2 million, while operating losses increased by 12.8% to UAH 474.8 million due to an increase in administrative and other operating expenses.

National postal services accounted for the largest share of total revenue in the first half of the year, at UAH 3 billion 859.6 million, which is 7.6% more than in the same period last year. The delivery of parcels and small packages increased by 9.7% to UAH 2 billion 078.3 million, written correspondence by 9.8% to UAH 814.2 million, subscription processing and delivery of periodicals by 1% to UAH 142.9 million, while international postal exchange remained at UAH 613.9 million.

The company’s financial and related services grew by 0.4% to UAH 2.212 billion, in particular, pension payments and delivery decreased by 6.5% to UAH 1.3416 billion, postal transfers decreased by 5.8% to UAH 147.4 million, while payment acceptance increased by 20.1% to UAH 674.7 million.

Ukrposhta’s income from trade in own and commission goods increased by 14.3% in the first half of the year to UAH 431.6 million.

It is noted that investments in non-current assets in the reporting period decreased to UAH 195.1 million from UAH 312.1 million in the same period last year.

According to the report, the company’s long-term liabilities in the first half of the year increased from UAH 1.38 billion to UAH 2.59 billion, while short-term liabilities decreased from UAH 9.95 billion to UAH 8.57 billion.

It is noted that as of June 30, 2025, financing under the loan agreement with the EBRD was received in the amount of EUR 42.5 million, and EUR 14.81 million was repaid.

According to the report, as of June 30, 2025, the company violated financial covenants under the loan agreement with the EBRD, but at the company’s request, the bank waived the covenant requirement for 2025.

Ukrposhta emphasized that significant uncertainty in its activities remains in 2025. Thus, the management’s plans to bring the company to profitability in 2025 were affected by large-scale shelling of infrastructure facilities by the aggressor, which led to disruptions in operations, loss of facilities involved in revenue generation due to their destruction by the aggressor, and loss of territory.

Separately, Ukrposhta indicated that it plans to actively invest in the second half of the year and implement measures that will ensure positive financial results and sufficient cash flow to ensure uninterrupted operations even if risks materialize.

In particular, this includes the introduction of IT solutions with 3-in-1 devices to enable offline operation in rural areas, further integration with OLX, marketplaces, and typical customer CRM systems to ensure the availability of Ukrposhta services for small business customers; delivery quality is ensured at a level of at least 95% of the stated deadlines.

“A corresponding liquidity stress test shows that even if all risks materialize, the Company will be able to continue to meet its obligations to creditors and complete key investment projects in the foreseeable future,” the report says.

In addition, the Escher front-office system is being updated, which will speed up service delivery and enable payment by bank card.

The company also noted that it is in the final stages of transitioning to a new automated parcel sorting system, purchasing and delivering new vehicles to renew its fleet and reduce dependence on third-party transport, and deploying a new front-end system for mobile branches, while continuing to improve and refine its desktop solution.

According to the report, Ukrposhta is additionally focusing on preparing for work in conditions of prolonged blackouts in winter.

 

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EVA chain increased its revenue to UAH 14.8 bln in first half of year and opened 29 stores

Rush LLC, owner of the EVA chain in Ukraine, received UAH 14.8 billion in net income in January-June 2025, which is almost 19% more than in the same period of 2024, according to the company’s press service.

The release specifies that net profit for the period amounted to UAH 548 million, while tax payments reached almost UAH 2.5 billion.

In the first half of the year, the company invested UAH 800 million. Significant areas of investment include network development, modernization, and rebranding (almost UAH 150 million), the acquisition of a logistics complex in Brovary from Dragon Capital, as well as the expansion of the self-service checkout network and the introduction of a new store format.

During the first half of the year, the company opened 29 new stores, 16 of which feature the “Women’s Energy” design. The chain now has 1,127 stores in operation, 143 of which feature the “Women’s Energy” design and three in the EVA BEAUTY format.

Thanks to the expansion of its network, EVA has created 225 new jobs. As of June 30, the company had a total of 13,949 employees.

EVA’s private label department continues to develop its portfolio, which currently includes 66 brands. In particular, the division has entered a new category: car fragrances.

In the decorative cosmetics category, the trendy Jelly collection from GlamBee was presented, and the Fabien Marche perfume brand was expanded with two new lines: Hermetic Collection and Kaleidoscop Collection. A new line of skincare products for problem skin, MAY face, was also launched.

The share of private label products in the company’s sales in real terms amounted to 37.88% in the first half of the year. In the second half of the year, specialists plan to focus on developing exclusive private label projects for EVA.UA (beauty gadgets, fitness accessories, etc.), as well as introducing new hair coloring, toning, and styling products to customers.

The company’s logistics department has completed a number of large-scale projects. At the beginning of the year, an agreement was signed with Dragon Capital to acquire a logistics complex in Brovary.

The modernization of the online store’s distribution centers in Lviv and Brovary has increased the maximum order processing capacity from 12-15 thousand to 20 thousand per day at each warehouse. Significant software improvements have been implemented to optimize the selection and control of online orders. All this has made it possible to increase employee productivity in the control and packaging department by 75%, reduce the number of errors in order packaging to 0.013%, cut operating costs for control and packaging by 40%, and reduce the average order picking time by almost 2.5 hours.

Another important area of work for the logistics department is the development of its own courier service. In Dnipro, Lviv, and Kyiv, according to the results of the first half of the year, 68% of courier deliveries are already carried out using the company’s own resources. In the near future, it is planned to expand the service to Odesa and Kharkiv. The share of in-house deliveries to pick-up points in stores has also increased from 54% at the end of 2024 to 64% at the end of the first half of 2025.

The EVA.UA marketplace already offers over 350,000 products from EVA itself and over 130 partner sellers. The growth rate of the company’s online store traffic in the first half of 2025 compared to the same period in 2024 was 26%, the growth rate of orders was 35%, and the growth rate of turnover was 56%.

More than a third of orders on EVA.UA continue to be placed via the company’s mobile app. At the end of the first half of the year, it had over 5.6 million installations and over 800,000 active users per month. In the first half of the year, the company integrated the VISUAL by EVA functionality into the app. In addition, EVA launched a personalized consultation service with a cosmetologist expert in Viber and Telegram chatbots. Currently, EVA chatbots have over 2 million subscribers.

Rush LLC, which manages the EVA chain, was founded in 2002. As of early 2025, the chain had 1,109 stores in operation.

According to Opendatabot, the owner of Rush LLC is listed as Incetera Holdings Limited (100%), a Cypriot company, with Ruslana Shostak and Valeria Kiptika as the ultimate beneficiaries.

At the end of 2024, Rush’s revenue increased by 28.2% compared to the previous year, to UAH 27 billion. Net profit decreased by 36.7%, to UAH 1.4 billion.

 

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Ukrtelecom increased its revenue by 7.4% in first half of 2025

Ukrtelecom, Ukraine’s largest fixed-line operator, reported total revenue of nearly UAH 2.47 billion for January-June 2025, up approximately 7.4% from the same period in 2024 (nearly UAH 2.3 billion), the company said on Friday.

According to its release, EBITDA for the first six months of this year amounted to over UAH 540 million, compared to approximately UAH 620 million for the first six months of last year, i.e., a decrease of approximately 12.9%, while EBITDA margin fell to 22.1% from 27%.

It is noted that in January-June this year, over UAH 785 million in taxes and fees were paid to budgets of all levels, compared to over UAH 660 million for the same period last year.

According to the release, Ukrtelecom increased its revenue from optical Internet services by 10.5% in the first half of this year.

This was achieved due to a 17.6% increase in the number of new fiber-optic subscribers in the mass B2C segment and a 10% increase in the business segment (large enterprises and SMEs) compared to the same period last year.

It is also noted that since the beginning of the year, more than 2,000 km of fiber-optic lines have been laid, and more than 60 medical and nearly 100 educational institutions have been connected to fiber-optic internet, while in the first half of 2024, these figures were approximately 50 and more than 70, respectively. As of the end of the first half of 2025, the company’s optical network covers more than 1,350 medical and over 1,800 educational institutions.

According to the company, the loyalty level of new optical subscribers of Ukrtelecom (NPS – Net Promoter Score) in January-June was 67%.

In addition, Ukrtelecom emphasized that revenues from commercial leases in the first half of 2025 exceeded UAH 260 million, which is 23.8% more than in the first half of 2024.

Ukrtelecom CEO Yuriy Kurmaz also noted among the achievements of the first half of the year the company’s entry into the Connect Europe association, which brings together leaders in the telecom industry in Europe.

As reported, in January-March 2025, the company increased its revenue by 3.5% compared to the same period in 2024, to UAH 1.17 billion, while EBITDA in the first quarter of this year fell by 41.1%, to UAH 162 million. Thus, in the second quarter, the company increased its revenue by approximately 11.1% to UAH 1.3 billion, and EBITDA by 9.6% to UAH 378 million.

 

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Domino’s Pizza increased revenue by 4%, but profit decreased by 8%

The pizza chain Domino’s Pizza Inc. increased its revenue by 4% in the second quarter of fiscal year 2025, while its net profit decreased by 8%.

According to the company’s press release, quarterly revenue amounted to $1.15 billion compared to $1.1 billion in the same quarter last year.

Domino’s Pizza’s net profit for the quarter ended June 15 fell to $131.1 million from $142 million a year earlier. Earnings per share decreased to $3.81 from $4.03, which was worse than the consensus forecast of $3.95 of analysts polled by LSEG.

The decline in net income was due, in particular, to a change in the company’s investment in DPC Dash Ltd.

Comparable sales of Domino’s in the United States grew by 3.4% last quarter, which was better than the average analyst forecast (+2.2%). Comparable sales abroad increased by 2.4%.

Last quarter, 178 Domino’s restaurants were opened, including 30 in the United States.

The company’s shares jumped 5.3% in pre-market trading on Monday. Since the beginning of this year, their value has increased by 11%.

 

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“Metinvest” increased its revenue by 22% to $4.319 bln in first half of year

Metinvest Mining and Metallurgical Group’s consolidated revenue in the first half of 2024 amounted to $4.319 billion, up 22% to the first half of 2023, this result is mainly due to a 63% increase in sales to $1.847 billion of the mining segment due to the easing of logistical restrictions for Ukrainian exports and increased demand for pellets.
“The Black Sea corridor has enabled the sale of iron ore products to China… External revenues of the steel and mining segments grew by 2% and 63% year-on-year respectively, with the steel segment accounting for 57% and the mining segment 43% of total revenues,” the company said in a report Friday evening.
According to it, adjusted EBITDA increased to $650 million, up 33% due to improved performance in both segments, with the metals segment contributing 25% and the mining segment 75%.
Total debt and net debt decreased by 12% and 4%, respectively, to $1.740 billion and $1.284 billion. It is noted that the group managed to repay more than $500 million of debt from the start of full-scale invasion until the end of June 2024.

 

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