FAVBET Tech: “Taxes of IT businesses turn into thousands of drones and stable payments in the rear”
FAVBET Tech paid ₴650 million in taxes in 2025 — that is at least 20,000 drones or 40,000 anti-drone rifles
Ukrainian IT company FAVBET Tech has paid more than ₴650 million ($16.2 million) in taxes over the first nine months of 2025 — nearly 10% more than during the same period last year.
Despite ongoing wartime challenges, the company continues to show steady growth and remains one of the top taxpayers among Diia.City residents.
According to the company, timely tax contributions from IT businesses directly support both Ukraine’s defense and its social infrastructure — funding everything from drones to teachers’ and doctors’ salaries.
The ₴650 million paid by FAVBET Tech, the company notes, is equivalent to more than 20,000 FPV drones or roughly 40,000 anti-drone rifles, depending on the model and procurement costs.
Taxes also help sustain stability on the home front. Beginning January 2025, Ukraine’s government plans to increase salaries in higher education by around 50%. Based on these figures, the sum contributed by FAVBET Tech could cover a year of increased pay for over 3,000 teachers.
“When we talk about taxes, we’re talking about tangible capabilities for the state — drones for reconnaissance and strikes, systems to counter enemy UAVs, and the training of defense units. At the same time, it’s about stable income for people in the rear. The duty of every IT business today is to work efficiently, invest in technology, and meet its obligations to the country,” said Artem Skrypnyk, CEO of FAVBET Tech.
Beyond its core business, FAVBET Tech is also investing in military technology R&D — improving FPV drones, developing AI-based reconnaissance systems, and training units that counter enemy UAVs. The company says the goal is to give Ukrainian forces a technological edge on the battlefield.
Headquartered in Kyiv, FAVBET Tech is a resident of Diia.City and a partner of major tech events including Lviv IT Arena 2025. Since 2025, the company has been a co-founder of the AI Committee at the IT Ukraine Association and has expanded cooperation with Ukraine’s Security and Defense Forces in the field of AI-driven reconnaissance.