According to the results of 2025, the state-owned enterprise “Forests of Ukraine” achieved significant growth in key financial and economic indicators, said the head of the enterprise, Yuriy Bolokhovets.
The enterprise’s revenue reached UAH 29.9 billion, pre-tax profit — UAH 8.4 billion, and profitability — 23%. UAH 15.8 billion in taxes were paid. Forty-four percent of revenues are transferred to the budget, which is the highest percentage in the forestry and woodworking industry.
“For the first time since independence, billions in profits from timber sales have not been diluted by shadow schemes and divided between officials and intermediaries, but have been directed entirely to the budget. This is an indisputable fact. Figures are stubborn things, and they make it possible to evaluate the work of an enterprise on the basis of objective figures rather than subjective judgments,” says Yuriy Bolokhovets.
The growth in indicators is largely due to de-shadowing, as the product sales system is now as open as possible. The State Enterprise “Forests of Ukraine” publishes information on each exchange transaction: who contracted what volume of timber and at what price. A list of product refusals is also published.
In 2026, the company plans to increase harvesting volumes, which will contribute to further growth in economic indicators.
The process of purchasing an unprecedented amount of specialized equipment has begun: harvesters, forwarders, skidders, tractors, trailers, and equipment for transporting timber. Currently, the State Enterprise “Forests of Ukraine” is working to increase this year’s investment plan by at least half in order to maximize the pace of harvesting.
Last year, the company transferred 100% of its procurement of harvesting services to Prozorro. However, due to a shortage of personnel, contractors often fail to complete the work on time. Therefore, additional teams are being formed throughout Ukraine and hundreds of new vacancies for loggers are being opened.
“We are determined to offer the market the largest volume of forest products since the start of the full-scale war. We expect an additional million cubic meters thanks to the acceleration of the approval of forest management materials. We expect another million cubic meters from the deregulation of licensing procedures. Changes to the regulatory framework are being developed, but unfortunately, no decision has been made yet,” said Yuriy Bolokhovets.
According to him, the year started very actively. Despite snowfalls and frosts, the dynamics of harvesting are higher than last year. The equipment is working, forest roads are cleared, and warehouses are shipping products.
“We feel a huge responsibility, because when other businesses stop, we continue to work and grow, compensating for budget losses. We are only waiting for long-planned decisions on legislative and regulatory changes aimed at unlocking the potential of forestry…,” said Yuriy Bolokhovets.
This year, the State Enterprise “Forests of Ukraine” will direct equally significant investments toward the conservation, protection, and restoration of forests.
All forest fire stations of the State Enterprise “Forests of Ukraine” are 100% equipped with modern tools and equipment: from protective clothing, backpack fire extinguishers, and communication devices to mobile firefighting modules. Now it is time to upgrade large-scale firefighting equipment. The first nine vehicles have already been delivered, with another nine planned in the near future.
The recreation development program, which has already saved thousands of hectares of forest for the state, will also continue. The company will pay even more attention to the care of forest crops, as it is thanks to them that the market will be supplied with high-quality timber in the future.
Plans for this year include restarting the implementation of ERP — it is impossible to imagine a modern company without an automated management system. The corporatization process will continue, which involves revaluation of property, inventory, and preparation of transfer deeds. The registration of property rights to land will be completed.
Last year, the de-occupied forestries of Kharkiv, Donetsk, and Kherson regions joined the State Enterprise “Forests of Ukraine.” The restoration, harvesting, and protection of forests has begun. The area affected by fires has decreased significantly. However, it is not only the frontline forestry enterprises that need help. The company is working to bring in other forest users who are unable to perform their functions fully.
