Silpo-Food wrote off 1.4 billion hryvnias in assets due to war damage
Silpo-Food reported 1.4 billion hryvnias in write-offs of current assets over the first nine months of 2026 due to war-related damage. The company is assessing losses, documenting damaged property and working to restore stores, while the broader attacks on logistics infrastructure have disrupted product availability across Ukrainian retail chains.
Key points
- Silpo-Food wrote off 1.4 billion hryvnias in current assets in the first nine months of 2026 because of war-related damage.
- Current-asset write-offs for the same period of 2025 amounted to 1 million hryvnias.
- Silpo-Food wrote off 53.4 million hryvnias in non-current assets in 2026 because of the war.
- The company reported losses of 1.533 billion hryvnias from January through September due to damage and destruction of stores and distribution centers.
- Russian forces destroyed or damaged more than 20 Fozzy Group facilities from August 2026, including distribution centers, supermarkets and production facilities.
- More than 400,000 square meters of Ukrainian warehouses and logistics complexes were destroyed from the start of July through August 6.
- Fozzy Group announced staff reductions from November 1 and had 1,614 vacancies as of September 1.
- Silpo, Fora and Novus proposed on August 27 that suppliers share equally the losses from destroyed goods.
Why it matters
The steep increase in write-offs shows how directly wartime attacks are damaging Ukraine's retail and supply infrastructure. The destruction of warehouses and distribution centers has narrowed store assortments, forcing retailers to change their logistics, involve suppliers in sharing losses and restore damaged sites. The planned staff reductions also create risks for retail networks and their employees.
What happened
Silpo-Food said it wrote off 1.4 billion hryvnias in current assets during the first nine months of 2026 because of war-related events, compared with 1 million hryvnias in the equivalent period of 2025. It also recorded 53.4 million hryvnias in non-current-asset write-offs and reported total losses of 1.533 billion hryvnias due to damage and destruction of stores and distribution centers.
The company filed criminal complaints over the destruction and damage of its property. It photographed and filmed damaged assets, prepared inspection reports, conducted an inventory and began restoring stores while finalizing its loss assessment. At the group level, more than 20 Fozzy Group facilities were damaged or destroyed from August, including distribution centers, supermarkets and production facilities.
The disruption was not confined to Silpo. Russian attacks destroyed or damaged warehouses and logistics complexes across the Ukrainian business sector, reducing supermarket assortments of vegetables, dairy products, grains and imported goods. Retail chains began using direct deliveries and temporary hubs, while Silpo, Fora and Novus proposed sharing losses from destroyed stock with suppliers.
How Ukrainian sources describe it
Ukrainian reporting emphasizes the scale of Silpo-Food's financial losses, the damage to retail and logistics infrastructure and the resulting pressure on product availability. It also focuses on the company's inspection, inventory, site-restoration and loss-assessment efforts.
Background
Mass attacks on warehouses and logistics complexes began in the summer. From the start of July through August 6, Russian forces destroyed more than 400,000 square meters of warehouses and logistics complexes belonging to Ukrainian businesses. Fozzy Group, Rozetka, Epitsentr and Nova Poshta were among the affected companies.