Financial statements in XBRL format: over 24,600 packages already submitted in 2025

The Ukrainian financial market has become more active: this year, 24,691 financial reporting packages have already been submitted in XBRL format. For comparison, last year this figure was only 6,578 packages.

This jump indicates not only the resumption of a requirement to submit reporting, but also the growing confidence in the XBRL electronic format, which ensures transparency and data consistency.

It is worth noting that during martial law (since March 2022), issuers and market participants were temporarily exempt from the obligation to disclose regulated information. Some companies continued to submit reports voluntarily, but most of them temporarily stopped doing so.

Following the adoption of amendments to the Law of Ukraine No. 2115-IX, the reporting obligation was reinstated from 28 August 2025, which significantly affected the volume of data submitted.

The submission of reporting was carried out in two stages:
• for 2021–2023 — by 30 September 2025;
• for 2024 and Q1 and Q2 2025 — by 31 October 2025.

In addition, the Commission simplified financial reporting procedures, making the process more convenient for market participants:
• double reporting was abolished — financial statements are now submitted only to the Collection Center, without duplicating them in regulatory reporting;
• XBRL has become the only mandatory format for financial reporting, replacing XML for companies reporting under IFRS.

In addition, the NSSMC provided free software that allows users to quickly generate financial statements in accordance with international standards — without unnecessary expenditure or technical barriers.

We are continuing to improve the process to make financial reporting in Ukraine even simpler, more accessible, and more transparent for all market participants. We would like to add that in October the NSSMC held a series of webinars on financial reporting under the new requirements, which were attended by over 700 market participants.