Nova Poshta sees net profit fall by 47.4% in nine months of 2024

Nova Poshta, the leader in express mail in Ukraine, reduced its net profit by 47.4% in January-September 2024 compared to the same period in 2023 – to UAH 1.65 billion.

As the company reported in the interim financial statements of the enterprise for January-September, published in the information disclosure system of the National Securities and Stock Market Commission, net income increased by 16.4% – to UAH 30.81 billion.

At the same time, the company's gross profit increased by 6.4% – to UAH 5.86 billion, while operating profit decreased by 10.5% – to UAH 2.44 billion.

According to the results of the first nine months of 2024, the number of delivered parcels and cargo amounted to 336 million, which is 16% more than for the same period in 2023.

Nova Poshta opened 5,518 new branches and parcel terminals in January-September. The network grew throughout Ukraine, including in the frontline territories, where 126 new branches and parcel terminals were opened.

During this period, the company paid UAH 6.7 billion in taxes in Ukraine, which is 4% more than for the same period in 2023.

Since the beginning of the year, Nova Poshta has invested UAH 4.1 billion in its development in Ukraine, which is 1.7 times more than for the same period last year (UAH 2.4 billion).

As part of the Humanitarian Post of Ukraine program, the company carries out shipments for the military from charitable foundations and volunteers at its own expense. In the first nine months of this year, 1.2 million such packages were delivered, while since the start of the full-scale invasion, almost 2.5 million.

Nova Poshta provides a range of logistics services, delivering both small parcels and large cargo. The company carries out express delivery of documents, parcels and large-sized cargo, postal and courier services to enterprises, organizations and individuals, loading and unloading services, warehousing and storage, operates in the field of transport – the postal and cargo company Nova Poshta provides delivery to each client – to a branch, parcel terminal, to an address. The company provides logistics and distribution services.

Nova Poshta has about 10,000 branches throughout Ukraine and more than 15,000 parcel terminals. The average number of employees is 27,364.