Kyivstar Shareholders Re-elect Board and Chairman, Demonstrating Shareholder Confidence in Leadership
Rhea-AI Summary
Kyivstar Group (Nasdaq: KYIV) held its 2026 AGM, where shareholders re-elected all 10 directors and confirmed Kaan Terzioğlu as Chairman. AGM participation represented about 91% of shares. For FY25, Kyivstar reported USD 1,157m revenue (+25.9% YoY) and USD 648m EBITDA (+25.8% YoY, 56.0% margin).
Digital revenue grew 4.7x YoY to USD 124m (10.7% of revenue; 6.1x to USD 50m in 4Q25, 15.7% mix). Multiplay customers rose 18.0% YoY to 7.3m. Shareholders re-appointed UHY LLP as auditor for FY26 and approved a Bye-law 56.3 change giving the Remuneration Committee sole authority over remuneration determination.
Positive
- FY25 total revenue rose 25.9% YoY to USD 1,157 million
- FY25 EBITDA increased 25.8% YoY to USD 648 million with a 56.0% margin
- FY25 digital revenue grew 4.7x YoY to USD 124 million, 10.7% of revenue
- 4Q25 digital revenue increased 6.1x YoY to USD 50 million, 15.7% of revenue
- Multiplay customers expanded 18.0% YoY to 7.3 million by December 31, 2025
- Approximately 91% of shares represented at AGM, backing Board and Chairman re-election
- Shareholders re-appointed UHY LLP as auditor and streamlined remuneration via Bye-law 56.3 change
Negative
- None.
News Market Reaction – KYIV
In the May 12 session, KYIV gained 0.36%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 06 | Strategic partnership | Positive | +1.9% | Authorization to resell Starlink services to Ukrainian enterprises and institutions. |
| Apr 29 | Investment milestone | Positive | +0.9% | Completion of multi-year $1.3B Ukraine investment program, exceeding initial target. |
| Apr 17 | Earnings scheduling | Positive | +3.5% | Announcement of dates for 1Q26 earnings release and conference call. |
| Apr 13 | AGM announcement | Positive | +0.7% | Setting AGM date with proposals on director re-election and governance changes. |
| Mar 27 | Network expansion | Positive | -1.6% | Disclosure of extensive 4G coverage expansion and high 2025 network investment. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent Kyivstar news has generally been followed by modest positive moves: 4 of the last 5 items showed positive 24-hour price reactions, with only the March 27 network expansion release coinciding with a small decline. The AGM outcome and reiterated FY25 strength fit the pattern of operational and strategic updates that previously aligned with supportive short-term price responses.
Over the past months, Kyivstar has regularly reported expansion and strategic milestones. On Mar 27, it highlighted 4G rollout to 630 communities and heavy network investment. The Apr 13 AGM notice previewed today’s director re-elections and digital revenue growth. Subsequent updates covered 1Q26 earnings timing, completion of a $1.3B Ukraine investment program, and a Starlink resale agreement. Today’s AGM results and reiterated FY25 performance continue this theme of growth, infrastructure buildout, and digital ecosystem focus.
Key Terms
ebitda financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
KYIV, Ukraine and NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW) (the “Company” or “Kyivstar”), the parent company of JSC Kyivstar, Ukraine’s leading digital operator and part of VEON Group (Nasdaq: VEON), today held its 2026 Annual General Meeting of Shareholders (the “AGM”) via tele-conference. During the AGM, the Company’s shareholders re-elected the slate of Kyivstar’s 10 current directors to continue serving as the Company’s Board of Directors (the “Board”).
Kyivstar welcomes back Serdar Çetin, Betsy Z. Cohen, Augie K Fabela II, Sir Brandon Lewis, Burak Ozer, Duncan Perry, Michael R. Pompeo, Dmytro Shymkiv, Michiel Soeting and Kaan Terzioğlu to the Board. Following the AGM, the new Board held its inaugural meeting, and re-elected Kaan Terzioğlu as the Chairman of the Board.
The re-election reflects continued shareholder support for Kyivstar’s strategy of digital ecosystem growth, market-leading connectivity and disciplined execution.
“I am honored to be re-elected as Chairman and to continue serving alongside our distinguished directors. Kyivstar delivered a strong performance in 2025, validating our strategy and supporting Board continuity. Our Nasdaq listing underscored the strength of our business, digital revenues grew more than sixfold year-on-year to
Kyivstar delivered total revenue of USD 1,157 million in FY25, up
Holders of approximately
Further information on the Company’s AGM is available on the Company’s website: https://investors.kyivstar.ua/corporate-governance/agm.
About Kyivstar Group Ltd.
Kyivstar Group Ltd. (“Kyivstar”) is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to list on a U.S. stock exchange. Kyivstar’s companies provide a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity.
For more information, please visit https://investors.kyivstar.ua/corporate-governance/agm
Nasdaq tickers: KYIV; KYIVW
Disclaimer
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, including in relation to KGL’s strategy, shareholder returns and capital allocation policy.
Contact information
Kyivstar Group Ltd
Investor Relations
ir@kyivstargroup.com
