Business news from Ukraine

Business news from Ukraine

“Nova Poshta” Increased Its Net Profit 1.7-Fold in Nine Months – to 2.63 Bln UAH

“Nova Poshta,” Ukraine’s leading express delivery service and part of the Nova Group, increased its net profit 1.7-fold in January–September compared to the same period in 2025, reaching 2.6286 billion UAH.

According to its interim condensed financial report, its revenue for the first nine months of this year rose by 32.5% compared to the same period last year—to 50.2626 billion UAH.
At the same time, following the escalation of Russian shelling in the third quarter of this year, Nova Poshta recorded a net loss of 80.27 million UAH, compared to a profit of 348.45 million UAH for the same period last year.

Revenue for July–September 2026 increased by 33.8% compared to the same period in 2025, reaching 17.7735 billion UAH.
The company’s gross profit for the first nine months of this year rose by 13.6% to 8.8006 billion UAH, while operating profit fell by 10.6% to 3.0981 billion UAH.

A 6.3% increase in gross profit was also recorded in the third quarter of this year—to 2 billion 756.9 million UAH—while operating profit decreased by 37.7%—to 711.37 million UAH.
According to the report, Nova Poshta’s equity as of September 30 of this year stood at 11.7648 billion UAH, compared to 13.3624 billion UAH at the beginning of the year.

The company also reported that from January through September of this year, it delivered 379 million shipments, including 25 million international ones, compared to 522 million for the entire previous year, of which 29 million were international.
The report specifies that over the first nine months of this year, 2,300 new branches were opened and 6,800 parcel lockers were installed. As of the end of September, the network comprised 17,300 branches and 39,700 parcel lockers, compared to 15,400 and 34,100 at the beginning of the year.

It is noted that “Nova Poshta” branches and parcel lockers operate in more than 10,000 settlements across Ukraine.

As for the NOVA Group’s capital investments in Ukraine, they totaled over 2.9 billion UAH from January through September of this year, with 1.2 billion UAH allocated to expanding and maintaining logistics capabilities, 680 million UAH to developing the network of branches and parcel lockers, and 531 million UAH toward upgrading the vehicle fleet and BDF containers.

The company noted that last year, the NOVA Group’s capital investments in Ukraine totaled more than 4 billion UAH.
“Despite constant shelling and attacks on logistics infrastructure, the company continues to work to maintain fast delivery speeds and ensure uninterrupted service for customers throughout Ukraine,” Nova Poshta emphasized in its report.

It added that in the first nine months of 2026, it also transported over 37,000 metric tons of humanitarian cargo, and during this period allocated nearly 1.3 billion hryvnias to social and charitable initiatives, of which 28.12 million UAH went toward supporting the military and funding the “Humanitarian Nova Poshta” program, and another 469.31 million UAH went toward payments to mobilized employees.

The average number of “Nova Poshta” employees from January through September 2026 was 29,300, whereas in 2025 this figure stood at 27,600; the number of employees as of the end of September this year was 35,200, compared to 32,000 last year.
As previously reported, in the first half of 2026, “Nova Poshta” increased its consolidated net profit by 24.3% compared to the same period in 2025—to 2.195 billion UAH—and its revenue by 31.8%, to 39.127 billion UAH.

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.

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“Ukrgrafit” Increased Its Loss by 65.8% Over Nine Months

PJSC “Ukrainian Graphite” (“Ukrgrafit,” Zaporizhzhia) reported a 65.8% increase in its net loss for the January–September period of this year compared to the same period last year, reaching 306.771 million.

According to the company’s interim report, which is available to the Interfax-Ukraine news agency, the loss in the third quarter amounted to 126.309 million UAH.

Revenue for this period rose by 0.6% to 979.358 million UAH.

The company’s retained earnings as of the end of September totaled 3 billion 94.725 million UAH.

As previously reported, in the first half of 2026, “Ukrgrafit” saw its net loss increase by 53.7% compared to the same period in 2025—to 180.462 million; revenue for this period decreased by 5.1%—to 651.465 million UAH.

In 2025, the plant saw its net loss increase by 31.3% compared to 2024—to 265.776 million, while revenue decreased by 13.5%—to 1 billion 272.074 million UAH.

“Ukrgrafit” ended 2024 with a net loss of 202.447 million UAH, whereas in 2023 it increased its net profit by a factor of 2.34 compared to 2022—to 122.920 million UAH.

“Ukrgrafit” is Ukraine’s leading manufacturer of graphitized electrodes for electric steel-making, ore-thermal, and other types of electric furnaces; commercial carbon compounds for Soderberg electrodes; and carbon-based refractory materials for enterprises in the metallurgical, machine-building, chemical, and other industrial sectors.

According to data from the National Depository of Ukraine (NDU) as of August 2026, as of October 23, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, while C6 Safe Group Limited (Cyprus) owns 72.0394%.

The authorized capital of the private joint-stock company is 233.959 million UAH, and the par value of a share is 3.35 UAH.

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“Monomakh” Increased Revenue by 21.4% in First Nine Months of 2026 – to 2.25 Bln UAH

Tea and coffee producer Monomakh PJSC (Kyiv Oblast) increased its revenue by 21.4% in January–September 2026—to 2.25005 billion UAH—while its net profit rose by 4.6%—to 128.07 million UAH.

According to the company’s report filed on Thursday with the disclosure system of the National Securities and Stock Market Commission (NSSMC), gross profit increased by 41.0% to 798.17 million UAH, while operating profit rose by 10.5% to 238.31 million UAH.

According to the report, revenue in the third quarter rose by 20.4% to 739.01 million UAH, while net profit increased 2.7-fold to 103.64 million UAH.

This growth was driven by a 64.2% increase in gross profit—to 313.42 million UAH—while selling expenses rose by 32.1%—to 135.30 million UAH—and administrative expenses increased by 13.8%—to 25.62 million UAH.

“To minimize the risk of product loss due to possible rocket attacks, the company implemented organizational and logistical measures aimed at preserving inventory, optimizing their storage, and reducing the time products spent in warehouses. In particular, supply routes were adjusted, and there was a partial shift from deliveries via warehouse complexes to direct delivery of products to retail outlets,” the report states.

The company specified that in the second quarter, it produced 1.29 thousand metric tons of products compared to 1.39 thousand metric tons in the second quarter; export revenue rose to 13% of total sales from 11% in the previous quarter.

According to the report, Monomakh’s main customers (accounting for more than 5% of total revenue) are include ATB-Market LLC, METRO Cash & Carry Ukraine LLC, JAMP LLC, and Silpo-Food LLC.

The company identified “Trypilske Sonce” LLC, “Capsoul” LLC, and “TS Trade” LLC as its main competitors.

The largest creditor is Raiffeisen Bank—516.97 million UAH out of 661.81 million UAH in total bank loan debt, with an interest rate of 16% per annum.

PJSC “Monomakh” was founded in 2000. It produces packaged tea and coffee products under the brand names LOVARE, “Monomakh,” “Three Elephants,” “Tea Masterpieces,” “KAIF,” Ferrara, and “Coffee Masterpieces.” 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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“Khlibprom Concern” Ended Third Quarter with Net Loss

The net loss of PJSC “Khlibprom Concern” in the third quarter of this year amounted to 5.59 million UAH, compared to a net profit of 7.23 million UAH for the same period last year, according to the company’s report filed with the NSSMC’s disclosure system on Thursday.

According to the report, revenue in the third quarter increased by 12.3% to 645.63 million UAH, while gross profit rose by 25.7% to 243.64 million UAH.
The decline in financial performance is attributed to a 17.5% increase in selling expenses (to 123.59 million UAH), a 19.4% rise in administrative expenses (to 92.89 million UAH), and a 2.1-fold increase in financial expenses (to 20.48 million UAH).

At the same time, for the first nine months of this year, “Khlibprom Concern” increased its net profit 6.9-fold—to 21.82 million UAH—as revenue grew by 14.6%—to 1 billion 877.20 million UAH.
Gross profit rose by 19.1% to 685.16 million UAH, and operating profit increased by 30.7% to 40.06 million UAH.

According to the report, fresh bread accounted for 49.55% of sales volume for the first nine months of this year, semi-finished products for 30.98%, and baked goods for 3.75%; in terms of production volume, these figures were 49.29%, 30.23%, and 4.43%, respectively.
“Khlibprom Concern” is one of the largest companies in the Ukrainian bread market. According to the company, it produces up to 160 metric tons of products daily, including bread, baked goods, confectionery, and semi-finished dough products. Its structure includes five processing plants located in the Lviv and Vinnytsia regions.

Since 2014, the company has also been developing its coffee business, within which its production units are engaged in the supply, roasting, and branding of its own coffee, as well as providing rental and maintenance services for professional coffee equipment. The coffee business of PJSC “Khlibprom Concern” consists of the production of roasted coffee under the Harmony Sentivi brand.

The beneficiary of the company is Natalia Antonova.

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Ukrtelecom’s revenue for first nine months rose by nearly 13% to 4.3 bln hryvnia

Ukrtelecom, the country’s largest fixed-line operator, increased its revenue by nearly 13% in January–September 2026 compared to the same period in 2025, reaching 4.3 billion UAH, while EBITDA rose 46% year-over-year and exceeded 1.3 billion UAH, according to a company press release on Thursday.

“Throughout the third quarter of 2026, Ukrtelecom continued to ensure the stable operation of its telecommunications infrastructure and uninterrupted service for our subscribers across Ukraine,” emphasized Yuriy Kurmaz, CEO of Ukrtelecom, in the press release.
It is noted that revenue from fiber-optic internet services for the first nine months grew by 12% compared to the same period last year, while as of the end of September, 85% of subscribers in the B2C segment and 93% of subscribers in the B2B segment were using the company’s fiber-optic internet.

Among other things, the EBITDA margin for the reporting period was 30.5%, which is 7 percentage points higher than last year.
The company added that over the first nine months of this year, more than 3,400 km of fiber-optic lines were laid, while the total length of the fiber-optic network reached 96,300 km.

According to the press release, as of the end of the third quarter of this year, nearly 1,500 medical facilities and 2,038 educational institutions were connected to the fixed-line operator’s fiber-optic network.
In addition, since the beginning of this year, the company’s specialists have installed fiber-optic internet connections at 82 medical facilities and 143 educational institutions.

Separately, Ukrtelecom reported that from January through September 2026, revenue from commercial real estate leases totaled nearly 495 million UAH.
It is noted that over the first nine months of 2026, the company paid nearly 1.3 billion UAH in taxes and fees to budgets at all levels.

The company also noted that in September of this year, the virtual mobile operator U Mobile began operations in Ukraine; U Mobile is the brand name for mobile communication services provided by Trimob LLC, whose sole founder is Ukrtelecom.
The virtual mobile operator offers the “Simka” line of rate plans, which include the ability to use messaging apps, watch video content, and work.

As previously reported, in January–June 2026, “Ukrtelecom” increased its total revenue by 12.6% compared to the same period in 2025—to 2.78 billion UAH, while EBITDA grew by 50% and exceeded 810 million UAH.

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Asters tops ranking of Ukrainian law firms by revenue in the first half of 2026 — Experts Club

According to calculations by the Experts Club analytical center based on data from Opendatabot, the combined revenue of the ten largest companies in the first half of 2026 amounted to approximately UAH 1.83 billion. A year earlier, their total revenue stood at approximately UAH 1.28 billion. Thus, the revenue of the top 10 increased by approximately 43%.

Rank Company Revenue 2026, UAH million Year-on-year change
1 Asters 476.8 +18.7%
2 Aequo 234.9 +132.5%
3 Avellum Partners 192.4 +113.9%
4 Sayenko Kharenko 176.4 +18.6%
5 CMS Cameron McKenna LLC 172.5 +56.6%
6 Sayenko Kharenko Ukraine 134.4 +105.9%
7 Ader Haber 125.6 +32.9%
8 Vasil Kisil & Partners 112.5 +15.3%
9 Kinstellar Ukraine 101.6 -1.3%
10 Integrites 100.1 +56.1%

At the same time, nine of the ten largest law firms increased their revenue. The only exception was Kinstellar Ukraine, whose revenue declined by 1.3%, from UAH 102.9 million to UAH 101.6 million.

Aequo demonstrated the highest growth rate among the top 10 participants, at +132.5%. Avellum Partners increased its revenue by 113.9%, while Sayenko Kharenko Ukraine recorded growth of 105.9%.

Two other companies increased their revenue by more than half: CMS Cameron McKenna LLC by 56.6% and Integrites by 56.1%.

According to Experts Club, these trends indicate a recovery in demand for professional legal services and the strengthening of the positions of the largest market players. Revenue growth may be associated with increased activity in corporate transactions, business restructuring, international projects, sanctions and compliance support, litigation, and companies’ preparations for Ukraine’s future reconstruction.

At the same time, the market structure remains fairly concentrated. Asters alone accounted for approximately one-quarter of the combined revenue of the ten largest law firms.

Overall, as of early October 2026, Ukraine had 21,388 registered companies and 23,363 individual entrepreneurs operating under KVED 69.10, “Legal activities.” The total number of legal businesses and entrepreneurs in this segment reached 44,751.

Source: Opendatabot

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