Business news from Ukraine

Business news from Ukraine

Ukrposhta Halved Its Net Loss in 2025

In 2025, the national postal operator Ukrposhta reduced its net loss by 50% compared to 2024—to 206.55 million UAH, while its revenue grew by 1.1% to UAH 13.11842 billion, which is 13% below the plan, according to the company’s annual report.

According to the report, Ukrposhta’s gross profit for 2025 increased by 8.6% to UAH 1.56 billion, while the loss from operating activities rose by 2.9% to UAH 414.50 million.

The company also reported that last year’s revenue from domestic and international parcels rose by 9% compared to the year before last—to 2.79 billion UAH. The distribution of periodical print media brought Ukrposhta 1% more—UAH 274.4 million—due to a revision of rates.

At the same time, revenue from international postal exchange (imports) fell by 9% to 1.22 billion UAH due to stagnation in the parcel market and the consolidation of orders into a single shipment at a lower rate.

Revenue from the delivery of international “EMS” mail in 2025 also fell by 13%, or UAH 43.7 million, to UAH 287.9 million.

Revenue from the “pensions and financial assistance” sector decreased by 8% to UAH 2.58 billion. Ukrposhta cited the transition of pensioners to banking services as the main factor, a trend that is gradually intensifying, including due to additional government programs that pay social benefits exclusively through bank cards.

Revenue from other financial services decreased by 2% to UAH 47.5 million, driven by a decline in cash withdrawal and payment card top-up services via the company’s terminals.

The report also notes that revenue from written correspondence decreased by 2% to UAH 1.73 billion, although small packages accounted for UAH 1.12 billion, which is 4% higher than the 2024 figures due to the recovery of business activity in the market.

The company emphasized that the main factors contributing to the loss in 2025 were the accelerated outflow of retirees and the corresponding decline in traditional services, failure to meet parcel growth targets, and delays in real estate sales due to late approval from the shareholder. However, the company partially offset these factors by optimizing its payroll and other expenses.

It is noted that Ukrposhta continues to generate operating profit at the EBITDA level: in 2025, it amounted to UAH 503 million, compared to UAH 472 million in 2024.

According to the report, the national operator paid UAH 3.62 billion in taxes, fees, and mandatory payments in 2025, which is UAH 495.7 million more than in 2024; of this amount, UAH 961.7 million was paid to the state budget, an increase of UAH 395.8 million compared to the previous year.

As for Ukrposhta’s capital investments, their volume last year amounted to 1.21 billion UAH.

It is noted that capital investments of 991.6 million UAH, including VAT, are planned for 2026, of which 89.5 million UAH will come from the European Bank for Reconstruction and Development (EBRD) and 736.7 million UAH from own funds.

It is anticipated that capital investments will be directed toward launching a network of parcel lockers, purchasing technological and sorting equipment for new logistics terminals, logistics centers, and depots, and acquiring IT equipment, including network equipment and computer hardware.

Among other areas, the company plans to invest in the purchase of low-speed electric vehicles (tricycles, electric scooters), upgrading branch formats to ensure their autonomy—specifically, purchasing generators and inverters, disconnecting from shared power grids—as well as expanding the network of cargo branches and implementing the “Pharmacy” project.

In addition, the plan includes the purchase of IT equipment to implement automated processes and the further development of mobile applications for customers and employees, as well as the digitization of processes and other components.

The report notes that as of the end of 2025, no funds had been drawn down under the loan agreement with the European Investment Bank (EIB). The company submitted a formal request to the bank to cancel the loan financing, as it had not actually been utilized.

As of the end of last year, EUR 53.11 million had been received under the loan agreement with the EBRD, EUR 18.66 million had been repaid, and the total debt as of December 31 stood at EUR 34.45 million.

As reported, the national operator posted a net loss of UAH 204.8 million for January–March 2026, which is UAH 1.1 million, or 0.5%, higher than in the same period of 2025, but 40% lower than projected in the plan. The company’s revenue in the first quarter decreased by 0.1%, or UAH 5 million, to UAH 3.34 billion, which is 2% below the plan.

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Ukrposhta’s loss in first quarter amounted to 204.8 mln hryvnias

The national postal operator Ukrposhta reported a net loss of UAH 204.8 million for January–March 2026, which is UAH 1.1 million, or 0.5%, higher than in the same period of 2025, but 40% lower than projected in the plan, according to the company’s financial report.

According to the report, in the first quarter of 2026, Ukrposhta reduced its revenue by 0.1% or 5 million UAH to 3.34 billion UAH, which is 2% less than planned.

It is noted that in the first quarter of 2026, Ukrposhta handled 15.8 million domestic and international items of written correspondence (compared to 20.9 million in the first quarter of last year), 9.8 million parcels (11.1 million), and 18.3 million payments (22.4 million).

“Compared to the same period last year, there has been revenue growth in the segments of letter mail, money transfers, and payments, while revenue from other services has declined,” the report notes.

EBITDA for the reporting period decreased by 38.6% compared to the same period last year—to 25.4 million UAH.

The company emphasized that these figures were influenced by the loss of markets and company assets due to Russia’s aggression and stagnation in domestic demand for services.

Other reasons cited for the deterioration in financial results include delays in the rollout of additional services for customers, the shift of pensioners to banking services, the ongoing digitization of payments, and population decline.

The company has 7,193 customer service locations (7,235 a year ago), including 2,026 mobile postal branches (2,058), serving 21,300 settlements.

According to the report, Ukrposhta currently has 25,950 employees (28,860), and the average salary is 20,300 UAH (18,200 UAH). It is noted that the review of salaries for operational staff has also been postponed due to failure to meet financial targets.

Ukrposhta stated that a plan of measures to improve its financial condition was developed at a meeting of the supervisory board. This involves maintaining a delivery quality rate of at least 95%, improving the customer experience, and further integration with key clients and marketplaces to increase shipment volumes. According to the report, integration with OLX has already taken place.

The report also highlights the launch of the first parcel pickup points and parcel lockers to improve walkability. A separate component is the topic of payments: an update to the front-end system and a transition to a new payment system are to be implemented, and payment rates have been revised to increase revenue.

Other issues include the sale of real estate not used in operational activities. Last week, CEO Ihor Smelyansky announced that since the beginning of 2026, Ukrposhta has received 517 million UAH from the sale of unused real estate following the results of eight auctions on the Prozorro.Prozazhi platform, including UAH 461.5 million for its former sorting center building near the railway station in Lviv, which was purchased by the Eurotek Invest fund from Mykhailo Veselskyi, owner of the Arsen supermarket chain.

It is expected that in the second quarter of 2026, Ukrposhta will direct investments toward energy independence of infrastructure and the digitization of services as part of a national strategy. Specifically, this involves improving the mobile app, the CRM system, and self-service customer service channels.

Other plans include scaling logistics solutions, including the deployment of new parcel lockers in the regions and the optimization of delivery routes, improving operational efficiency, strengthening the energy independence of the postal infrastructure ahead of the coming winter, as well as strengthening the risk management and cybersecurity program.

As reported, Ukrposhta posted a net profit of 257.9 million UAH in the fourth quarter of 2025, which is 69.2% higher than in the same period of 2024. The company increased its revenue by 10.7 million UAH to 3.6016 billion UAH.

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“Ukrposhta” Announces Stamp Design Contest for Independence Day

JSC “Ukrposhta,” in collaboration with the Coordination Headquarters for the Treatment of Prisoners of War, has announced a nationwide contest for designs of the “We Are Waiting!” postage stamp, which is scheduled to be issued in time for Independence Day, according to a company statement.

According to Ukrposhta’s press release, the contest is open to anyone interested—artists, illustrators, and designers. To participate, fill out the form at this link. Submissions will be accepted from April 17 through May 8.

It is noted that the sketch must be uploaded in accordance with the requirements: specifically, the format must be JPEG, the resolution must be 300 dpi, the maximum file size is 10 MB, the work must not infringe on the copyrights of third parties, and the use of artificial intelligence is not permitted.

The contest will take place in several stages. First, all interested participants submit their sketches via the form; then, Ukrposhta specialists will review the entries for compliance with the requirements. Subsequently, a jury comprising representatives of Ukrposhta, the Coordination Headquarters, and the Public Council—including families of prisoners of war and those missing in action—will select sketches for the final vote, and the best entries will be featured in the “Diya” mobile app, where Ukrainians will determine the winner through a vote. “The sketch that receives the most votes will become the ‘We Are Waiting’ postage stamp—a symbol of Ukraine’s Independence Day,” emphasized the national postal operator.

As clarified by “Ukrposhta,” contest participants agree that, in the event of a win, they will develop additional designs for the “First Day” envelope and postcard, as well as sign a copyright agreement transferring exclusive property rights.

At the same time, the national postal operator reserves the right to offer authors of other works further collaboration on the creation of postal products.

“Sometimes a small postage stamp can say more than a thousand words. We are waiting for everyone, waiting for victory and peace in our hearts. And we invite Ukrainians to join the contest so that the whole world hears: ‘We are waiting!’” the company emphasizes.

JSC “Ukrposhta” is the national postal operator that provides postal, logistics, financial, and commercial services to private and corporate clients. The company has over 6,000 branches and 26,000 service points throughout Ukraine.

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Ukrposhta Launches Parcel Lockers and New Parcel Tracking Features

Ukrposhta JSC is launching its first 70 parcel lockers in Kyiv and a parcel tracking feature in the “Ukrposhta 2.0” mobile app; in a few weeks, the company plans to open another 30 parcel lockers in Odesa.

“Now you can redirect your parcels within Ukraine and from AliExpress or Temu for free (if the parcel hasn’t reached the branch yet): to a parcel locker (yes, without any extra fees), to another branch, extend the storage period, or change the recipient,” wrote Ukrposhta CEO Ihor Smiliansky on Telegram on Tuesday.

According to him, if a package is already at a branch and the customer needs a different branch or a parcel locker, it is possible to redirect the package at the standard rate.

It is noted that the package will be stored in a parcel locker free of charge for up to seven days; thereafter, if the customer does not pick it up, it will be sent to the nearest branch.

The CEO of Ukrposhta clarified that for the first few weeks, prepaid parcels will be available for delivery to parcel lockers, while in a few weeks the company plans to launch in-app payment.

“Ukrposhta plans to launch about 1,000 parcel lockers by the end of this year (and maybe even more, if you like it),” added Smiliansky.

“We have many exciting changes planned for the near future, which we’ve been working on for a long time (sometimes too long—I admit), but now we’re happy to make these changes available to you at the best rates on the market! Use the service and provide feedback,” noted the CEO of Ukrposhta.

In turn, Ukrposhta clarified that starting today, corporate clients who work with the company via API also have the ability to manage their shipments.

The national postal operator also announced that for those who submit requests at branches, Ukrposhta will maintain this option for a few weeks. However, after the transition period, all requests submitted at branches will be discontinued and moved to the app to reduce lines.

JSC “Ukrposhta” is the national postal operator that provides postal, logistics, financial, and commercial services to private and corporate clients. The company has over 6,000 branches and 26,000 service points throughout Ukraine.

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Gennady Butkevich’s company will purchase former Ukrposhta sorting center in Lviv for UAH 2.85 billion

Power Place LLC, co-founded by Gennady Butkevich, co-founder of ATB Corporation and BGV Group Management, won the auction for the sale of the former sorting center of Ukrposhta JSC near the Lviv railway station with a bid of UAH 2.85 billion, which is 50 times higher than the starting price.

According to data on the Prozorro.Prozori platform, Power Place’s closest competitors in the auction were Intech Energo LLC and Kyivpasservice JSC with bids of UAH 1.1 billion, as well as ITek Systems LLC, which offered UAH 1 billion.

The area of the sold building is 5,600 square meters. The starting price was UAH 56.8 million.

According to the YouControl analytical system, the owner of Power Place LLC (Kyiv) is listed as City Estate Management LLC (100%), with Gennady Butkevich as the ultimate beneficiary.

In the summer of 2025, Power Place gained control of Zhytomyr Investments LLC. Earlier in April, Butkevych’s BGV Development opened its first shopping center, Zhito, in Zhytomyr.

As reported, in February 2026, Ukrposhta JSC put up for sale 20 unused real estate properties with a total area of 32,800 square meters.

 

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“Ukrposhta” has started auctions for sale of unused real estate objects with total area of more than 30 thousand square meters

National postal operator Ukrposhta has started auctions for the sale of 20 unused real estate objects with a total area of 32.8 thousand square meters with a starting price of more than UAH 200 million, the company’s CEO Igor Smilyansky said on Thursday.

According to his message in Telegram, the objects offered on the site Prozorro.Sale range from a small room in a village in Transcarpathia to a sorting center in Lviv with an area of 5.6 thousand square meters.

The head of the company expects profits from the sale in the tens of millions of hryvnias, which will be used for investments, as well as savings on the maintenance of these facilities and payment of taxes of more than 3 million hryvnias.

“The funds to be received from the sale, according to the decision of the shareholder ”Ukrposhta” Ministry of Development of Communities and Territories, will be immediately directed to investments in fixed assets,” Smilyansky said.

General Director of “Ukrposhta” specified that the starting price for investors, put up for auction sorting center, which was built in the 1920s in the heart of Lviv near the railway station, 56.9 million UAH.

The day before, Ukrposhta also completed the second auction of 716 units of decommissioned vehicles on Prozorro.Sales, receiving UAH 9 million, and is preparing to start the final sale of about 250 more cars.

In the fourth quarter of 2025, Ukrposhta made a net profit of UAH 257.9 million, which was 69.2% higher than in the same period of 2024 due to additional income from the sale of the company’s property, which amounted to UAH 168 million.

The national postal operator increased its revenue by UAH 10.7m in the fourth quarter compared to the corresponding period of 2024 – up to UAH 3bn 601.6m.