In 2025, 78% of Ukrainian Companies Reported Profits

2025 Financial Performance Review of Ukrainian Enterprises

According to Главком: An analysis of financial statements from Ukrainian companies for 2025, based on data from Opendatabot, reveals encouraging results. Specifically, 78% of firms ended the year in the black, amounting to 173,510 businesses. In contrast, 21% of enterprises-45,752 companies-recorded losses. A total of 429,800 companies submitted financial reports. For this study, 222,300 firms were selected that were not classified as non-profit, had revenue greater than zero, reported net profit figures, and met specific legal structure criteria.

Key Findings from the Analysis

Among the companies that filed financial statements, the highest proportion of profitable firms was found in medium-sized businesses, where 89% turned a profit. Large enterprises followed with 86% profitability, while small businesses saw 77% of companies in the black. Notably, half of all small businesses achieved a sales profitability margin exceeding 5%. For half of the large profitable firms, profitability did not surpass 2.6%, and for medium-sized businesses, this figure remained below 3.85%.

The highest net profit among Ukrainian companies in 2025 was recorded by Ukrhydroenergo, which earned UAH 20.91 billion. Second place went to Ukrnafta with a net profit of UAH 16.05 billion, followed by Energoatom with UAH 11.85 billion. Other companies in the top ten for net profit include:

• Operator GTS of Ukraine
• Centrenergo
• Roshen
• UMZ
• SKM Finance
• Ukrfinzhytlo
• D. Trading

It is also worth noting that three-quarters of Ukrainian enterprises are grappling with staff shortages. Over 200,000 open positions are listed on the country’s main job portal. This data underscores the need to attract new talent to sustain business operations amid economic uncertainty.

Overall, the financial statement analysis points to positive development trends among Ukrainian companies, despite the challenges they face.

Source: Opendatabot

Importantly, the majority of firms demonstrate stability and profitability, which may signal an economic recovery. However, the persistent staffing shortage remains a pressing issue that could hinder further business growth in Ukraine.

The financial landscape for Ukrainian businesses is evolving, as evidenced by the significant revenue figures reported in various sectors. For instance, wholesale companies in Ukraine nearly achieved 700 billion UAH in annual revenue, highlighting the robust performance of the market. This growth complements the positive profit trends observed among enterprises, indicating a broader recovery and potential for future expansion in the Ukrainian economy.