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Ukrposhta's Revenue Growth in 2024

Analysis of Ukrposhta's financial performance in 2024, revenue growth, and key success drivers.

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In 2024, Ukrposhta demonstrated substantial revenue growth, reaching 12.9 billion UAH, an increase of 1.3 billion UAH compared to 2023.

This information was released by the company's press service.

Compared to 2022, the company's revenue also increased by 12%, amounting to 11.6 billion UAH.

The earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 659.3 million UAH, contrasting with -22.9 million UAH in 2023 and -462.8 million UAH in 2022.

Key drivers of growth in 2024 include:

  • revenue from international mail exchange — +45%;
  • payment acceptance — +28.3%;
  • accelerated EMS international delivery — +26.6%;
  • international shipments (small packages) — +25.5%;
  • parcel services — +10.8%.

However, Ukrposhta reported a net loss, which nearly halved to 413.2 million UAH compared to 2023, down by 383.2 million UAH. The main factors contributing to the loss were currency fluctuations (246.9 million UAH) and costs for maintaining property, which was legally blocked from sale (43.2 million UAH).

Additionally, Ukrposhta emphasized that it currently has no outstanding debts to budgets or state targeted funds.

Overall, during 2024, the company paid 3.1 billion UAH in taxes, fees, and mandatory payments, which is 124 million UAH more than in 2023.