Kyivstar Reports 2Q26 Results

KYIV, Ukraine and NEW YORK, July 31, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd. (Nasdaq: KYIV, KYIVW) (“Kyivstar” or the “Group”), Ukraine’s leading digital operator, today reported financial and operating results for the second quarter and half-year ended June 30, 2026. On the back of sustained growth, the Group is raising its full-year 2026 revenue and EBITDA outlook.

Key highlights * Total revenue rose 19.3% YoY to USD 339 mn (UAH 14.9 bn, +27.0%). * Digital revenue advanced 83.0% YoY to USD 73.7 mn (UAH 3.3 bn, +94.7%) to represent 21.7% of total revenue. * EBITDA increased 13.7% YoY to USD 188 mn (UAH 8.3 bn, +21.1%), producing a 55.4% margin. * Equity free cash flow, after leases and licenses, expanded 32.2% YoY to USD 104 mn. * Net profit totaled USD 77 mn and EPS USD 0.33, each after a non-cash charge of USD 21.2 mn from a fair-value change on outstanding warrants. * Capital expenditures, excluding licenses and right-of-use assets, totaled USD 59 mn, representing capex intensity of 17.3% for 2Q26 and 26.6% on a last-twelve-months basis, down 3.3 p.p. from 29.9% at 1Q26. * Cash, cash equivalents and deposits stood at USD 364 mn (UAH 16.4 bn) as of June 30, 2026. * Raised 2026 outlook: the Group now expects USD revenue growth of 14%–16% (prior: 11%–14%) and EBITDA growth of 9%–12% (prior: 7%–10%), with capex intensity unchanged at 21%–24% (assuming an average UAH/USD rate of 44.5). Commenting on the results, CEO Oleksandr Komarov said: