Kyivstar to Expand Digital Healthcare Offering in Ukraine with Tabletki.ua Acquisition
Rhea-AI Summary
Kyivstar (Nasdaq: KYIV) completed the acquisition of Tabletki.ua for USD 160 million, to be paid in Ukrainian hryvnia in Ukraine. Tabletki.ua aggregates availability and pricing across >14,000 pharmacies and averaged 14 million online bookings per month in 2025.
The platform reported LTM GMV of UAH 57.3 billion (USD 1,191M), LTM EBITDA of USD 24M and LTM net profit of USD 20M, implying a PE of 8.0x. Kyivstar said the acquisition will expand its digital healthcare footprint alongside Helsi and MyKyivstar.
Positive
- Acquisition size of USD 160 million completed
- Tabletki.ua scale: partnerships with >14,000 pharmacies
- Customer traction: 14 million average online bookings per month in 2025
- Strong GMV: UAH 57.3 billion LTM (~USD 1,191M)
- Profitability: LTM net profit USD 20M and EBITDA USD 24M
- Attractive valuation: implied PE ratio of 8.0x
Negative
- None.
News Market Reaction – KYIV
On the day this news was published, KYIV gained 0.41%, reflecting a mild positive market reaction. Argus tracked a peak move of +3.0% during that session. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $13M to the company's valuation, bringing the market cap to $3.15B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
KYIV slipped 0.16% while peers were mixed: TEO up 4.92%, GSAT up 1.83%, LBTYA down 0.68%, LBTYB up 0.59%, LBTYK up 1.13%, indicating stock-specific trading rather than a sector-wide move.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 16 | Energy acquisition | Positive | +2.2% | Acquisition of SUNVIN 11 solar plant to bolster energy resilience and diversification. |
The only prior tagged acquisition headline saw a positive price reaction, suggesting investors have historically welcomed Kyivstar’s M&A announcements.
Over the last several months, Kyivstar combined organic initiatives with strategic deals. A prior acquisition of SUNVIN 11 LLC’s 12.947 MW solar power plant for about USD 8.24 million on Dec 16, 2025 lifted the stock by 2.23%. That move supported energy resilience and diversification. Earlier filings highlighted strong revenue and Adjusted EBITDA growth and the Uklon acquisition, underscoring a broader push into digital services, which this Tabletki.ua deal extends into digital healthcare.
Historical Comparison
In the past 6 months, Kyivstar’s only tagged acquisition headline moved the stock about 2.23%. Today’s Tabletki.ua deal continues this M&A strategy into digital healthcare.
Kyivstar’s acquisitions progressed from energy resilience via SUNVIN 11’s solar plant toward expanding its digital ecosystem, now adding Tabletki.ua to earlier digital moves like Uklon and Helsi.
Market Pulse Summary
This announcement highlights Kyivstar’s continued push into digital services by acquiring Tabletki.ua, a profitable platform with LTM EBITDA of USD 24 million and net profit of USD 20 million, at an 8.0x earnings multiple. The platform’s GMV reached UAH 57.3 billion over the last 12 months, adding meaningful scale in digital healthcare. Investors may track user growth, integration progress with Helsi and MyKyivstar, and future M&A disclosures.
Key Terms
gross merchandise value (GMV) financial
EBITDA financial
PE ratio financial
AI-generated analysis. Not financial advice.
KYIV, Ukraine, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW) (“Kyivstar”), Ukraine's leading digital operator and the first Ukrainian company to trade on the Nasdaq, has today signed a definitive agreement and completed the transaction to acquire
Tabletki.ua facilitates customers’ access to medicines and healthcare, as well as nutrition and consumer products, aggregating data on the availability and pricing of medicines, medical devices and more. Tabletki.ua joins Kyivstar’s widening portfolio of digital services, including digital healthcare platform Helsi, ride-hailing and delivery service Uklon, digital media platform Kyivstar TV and the MyKyivstar superapp.
“Even in challenging times, Ukrainian businesses like Tabletki.ua are enabling millions of Ukrainians to benefit from convenient, digital-first solutions, supporting the growth and resilience of the country,” said Oleksander Komarov, President of Kyivstar. “Tabletki.ua already plays a vital role in everyday life for millions of Ukrainians This acquisition will allow us to combine Kyivstar’s successful track record of running and growing digital businesses with Tabletki.ua’s solid foundations to expand digital healthcare to a wider customer base and offer more convenience for all.”
Tabletki.ua partners with more than 14,000 pharmacies across Ukraine, and facilitated an average of 14 million online bookings per month in 2025, reflecting its role as a trusted, everyday healthcare tool for Ukrainian families. The gross merchandise value (GMV) of bookings facilitated through the platform amounted to UAH 45 billion (USD 1,056 million) for FY2024 and UAH 57.3 billion (USD 1,191 million) for the last 12 months (“LTM”) ending September 30, 2025.
Based on unaudited management accounts, Tabletki.ua generated LTM EBITDA of USD 24 million and LTM net profit of USD 20 million as of September 30, 2025. The agreed consideration of USD 160 million corresponds to a price to LTM earnings (PE) ratio of 8.0X.
Today, Kyivstar also published a presentation for investors that provides further information about Tabletki.ua and the strategic rationale for the acquisition. The presentation is available on the Kyivstar website here: https://investors.kyivstar.ua/static-files/4695eb4f-e085-4a5e-bad6-f4fc71d51d87
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.
Together with VEON, Kyivstar intends to invest USD 1 billion in Ukraine between 2023-2027, through investments in infrastructure, technological development and strategic acquisitions, as well as charitable donations for social projects.
For more information, please visit https://investors.kyivstar.ua.
Nasdaq tickers: KYIV; KYIVW
About JSC Kyivstar
JSC Kyivstar is Ukraine’s leading digital operator, serving more than 22.5 million mobile customers and over 1.2 million home internet fixed line customers as of September 30, 2025. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, cloud solutions, cybersecurity services, digital TV, and more. JSC Kyivstar is advancing new telecommunication technologies in Ukraine and together with VEON plans to invest USD 1 billion in this direction between 2023-2027.
JSC Kyivstar is wholly owned by Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), the first Ukrainian company to have its shares traded on the U.S. stock exchange Nasdaq.
The company contributes to overcoming the challenges of wartime and, over the past three years, has allocated over UAH 3.4 billion to support the Defense Forces, its subscribers, and the implementation of social projects. JSC Kyivstar has operated in Ukraine for 27 years and is recognized as the largest taxpayer in the digital communications market, a top employer, and a socially responsible company.
Additional information: pr@kyivstar.net, www.kyivstar.ua.
Disclaimer
This press 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. Such forward-looking statements include, but are not limited to, statements relating to, among other things, the closing of Kyivstar’s acquisition of Tabletki.ua, the expected impact of the acquisition for Kyivstar Group and the expected financial performance of Kyivstar Group post the acquisition. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the closing of Kyivstar’s acquisition of Tabletki.ua, the expected impact of the acquisition for Kyivstar Group, the expected financial performance of Kyivstar Group post the acquisition, as well as Kyivstar’s ability to achieve anticipated results and business objectives, among others discussed in the section entitled “Risk Factors” included in the final prospectus filed by Kyivstar with the U.S. Securities and exchange Commission (“SEC”) on January 30 , 2025, as amended and supplemented from time to time, and in any other subsequent filings with the SEC by Kyivstar. Kyivstar disclaims any obligation to update or revise any forward-loooking statements contained in this press release, other than to the extent required by applicable law.
Additionally, this press release includes certain financial information and data of Tabletki. derived from preliminary, unaudited management accounts as of the dates indicated and is subject to completion of customary financial closing, review, and audit procedures. This information is provided for informational purposes only and should not be regarded as a complete statement of financial results or relied upon as necessarily indicative of historical or future performance.
