Almost 50% of small and medium-sized companies in Ukraine reported a 38% drop in profits in 2024, but businesses are not halting their investments.

According to an EBRD study, 47% of small and medium-sized businesses (SMEs) in Ukraine experienced a decline in profits in 2024, while 17% saw their profits increase. Despite the profit decrease, 66% of service companies continued investing in their businesses. In the industrial sector, this percentage was 52%. The main areas of investment for SMEs include production equipment (66%), energy supply equipment (45%), and personnel training (35%).

If the war does not end in 2025, 1% of enterprises expect to close, and 29% anticipate a decline in business performance. Meanwhile, 13% of SMEs expect growth, while half do not expect any changes. Additionally, 41% of SMEs reduced their staff by an average of 25%, while 25% increased their team by 42%. Only 33% of surveyed businesses reported no change in staffing levels (compared to 52% in 2023).

Last year, 53% of service enterprises and 40% of industrial companies reported a decrease in profits, while profits increased in 8% and 27% of businesses, respectively.