Kyivstar in Q2 2025 increases net profit by 18.6%
Kyivstar Group Ltd. (Nasdaq: KYIV, Kyivstar) in the second quarter of 2025 increased net profit compared to the same period in 2024 by 18.6%, to UAH 3.4 billion, the company reported in its SEC reporting.
"Kyivstar Group continues to demonstrate the resilience and strength of our digital operator strategy, delivering strong revenue growth and robust profitability. This quarter’s results showcase our ability to drive sustainable financial performance while expanding our digital ecosystem," said Oleksandr Komarov, CEO of Kyivstar Group.
It is added that in U.S. dollars, net profit increased by 13.9% - to $82 million.
According to the report, Kyivstar Group's operating revenue in the second quarter increased by 25.9% - to UAH 11.86 billion, and adjusted EBITDA profit - by 23.6%, to UAH 6.8 billion.
In dollars, revenue growth was 20.9% - to $284 million, EBITDA - by 18.7%, to $165 million, of which $21.7 million was the revenue of Uklon, which was consolidated in the reporting for the first time.
On August 15, Kyivstar Group Ltd announced the completion of its listing on the Nasdaq stock exchange. The share of the parent company VEON after the merger agreement with SPAC decreased from 100% to 89.6%, while the deal provided $178 million in revenue.
Kyivstar serves almost 23 million mobile subscribers and over 1.1 million Home Internet subscribers. The digital services portfolio includes the Helsi medical platform, the Kyivstar TV film and television platform, and the leading ride-hailing and delivery company, Uklon. Kyivstar is also a solutions provider for corporate clients, providing cloud technology, cybersecurity, and artificial intelligence services. Through its Kyivstar.Tech division, the company develops software development in Ukraine and is a partner for international technology companies such as Starlink.