{
  "id": 17949948,
  "title": "NovaPay Credit increases net profit 2.8-fold in 9M 2026",
  "url": "https://urgent.news/2026/11/03/novapay-credit-increases-net-profit-2-8-fold-in-9m-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T10:08:49.000Z",
  "source": {
    "name": "Interfax-Ukraine",
    "slug": "interfax-ukraine",
    "url": "https://en.interfax.com.ua/news/telecom/1229953.html"
  },
  "original_language": "en",
  "account": "NovaPay Credit, a subsidiary of the international financial services provider NovaPay, reported a remarkable surge in net profit, increasing by a factor of 2.8 in the first nine months of 2026 compared to the same period last year. The company's revenue grew 1.9-fold to UAH 940.53 million, while its gross profit jumped 2.7-fold to UAH 452.03 million. Operating profit saw an even more impressive 2.9-fold increase, reaching UAH 388.17 million. This upward trend continued into the third quarter of 2026, with NovaPay Credit's net profit doubling again, to UAH 112.76 million, and revenue surging 1.8-fold to UAH 354.11 million. Gross profit and operating profit also expanded 2.5-fold, to UAH 186.62 million and UAH 159.00 million, respectively. As of September 30, trade and other current receivables stood at UAH 2.147 billion, up from UAH 1.632 billion at the end of December 2025. Notably, proceeds from bond sales reached UAH 1.218 billion during the same period, up from UAH 659.02 million in the same quarter of 2025. However, expenses related to bond repurchases climbed to UAH 1.003 billion, compared to UAH 446.42 million in the same period last year. The company also generated UAH 1.276 billion from repurchase agreements, a significant increase from UAH 971.30 million in 2025. In October, NovaPay issued its 16th corporate bond issue, Series P, with a nominal value of UAH 200 million. The company also redeemed three bond issues with a combined nominal value of UAH 300 million earlier in the year. In the first half of 2026 alone, NovaPay Credit sold bonds worth UAH 693 million, a substantial increase from UAH 355.63 million in the first half of 2025. The company's bond repurchase expenses rose to UAH 578.80 million, compared to UAH 244.92 million in the first half of 2025. Established in 2001, NovaPay is a part of the Nova Group, which includes the popular online and physical delivery service Nova Poshta. The company employs approximately 13,000 people across over 3,600 Nova Poshta branches throughout Ukraine and handles about 22.7% of the total volume of domestic money transfers according to the National Bank of Ukraine.",
  "summary": "NovaPay Credit, the bond issuer and a subsidiary of international financial services provider NovaPay (NovaPay trademark), part of the Nova Group, increased its net profit 2.8-fold year-over-year in January-September 2026, to UAH 284.76 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}