Kyivstar Group Ltd. (KYIV) reported third-quarter 2026 revenue of USD 349 million, up 17.5% year over year, and EBITDA of USD 189 million, up 10.3%. Digital revenue increased 68.9% to USD 76 million. Net profit was USD 99 million versus a USD 89 million net loss in 3Q25; the prior-year quarter included a one-time, non-cash USD 162 million listing-related charge.
Nine-month free cash flow was USD 274 million, up 56.8%. Third-quarter capital expenditure excluding licenses and right-of-use was USD 66 million, down 25.6%, and cash and cash equivalents were USD 436 million as of September 30, 2026. The company announced the acquisition of GigaCloud for an initial cash payment of USD 41 million and total consideration of up to USD 50 million, dependent on fulfillment of future agreement terms.
Kyivstar raised its 2026 outlook to revenue growth of 15%–17% and EBITDA growth of 10%–12% in USD terms (22%–24% and 18%–20%, respectively, in UAH); capex intensity remains 21%–24%. The financial information was not externally reviewed and/or audited, and EBITDA and free cash flow are non-IFRS measures.
Kyivstar Group Ltd. reported revenue of $1.011 billion and profit for the period of $261 million for the nine months ended September 30, 2026, compared with $836 million and $34 million, respectively, in 2025. Adjusted EBITDA, a company-defined measure, was $550 million versus $477 million. The company cautions that the 2025 comparative period spans pre- and post-SPAC merger reporting and may not be fully comparable.
Kyivstar Group completed acquisitions for $161 million for Tabletki Group, $71 million for six solar power plants with combined installed capacity of 105 megawatts, $10 million for ISP Shtorm, and $2 million for E-wings. Net cash flows from operating activities were $491 million. As of September 30, 2026, cash and cash equivalents were $436 million; including $96 million of other liquid financial assets, available funding was approximately $532 million, which management said significantly exceeds projected operating expenditures for the next twelve months.
The company said ongoing war and potential future sanctions and counter-sanctions create material uncertainty that may cast substantial doubt on its ability to continue as a going concern for at least 12 months after the statements were authorized for issuance. Management expects its actions to mitigate the risks but concluded that material uncertainty remains.
Kyivstar Group Ltd. agreed to acquire GigaCloud in a transaction valued at up to USD 50 million, subject to customary closing conditions. The consideration comprises a USD 41 million acquisition price, up to USD 4 million in deferred non-adjustable debt, approximately USD 3 million in performance-related consideration and up to USD 2 million in reimbursement for capital expenditure, subject to the agreement. Approximately USD 5 million of total consideration is linked to future performance and capital investment milestones.
Based on unaudited management accounts, GigaCloud generated approximately USD 14 million in revenue and USD 4.7 million in EBITDA in 2025, with an approximately 34% EBITDA margin. The transaction is expected to be immediately accretive to Kyivstar’s earnings and cash flow. GigaCloud serves more than 1,800 enterprise customers and has infrastructure in Ukraine and Poland. Following completion, it is expected to operate as a separate business unit within Kyivstar Group, retaining its brand and management team; its founders are expected to continue leading it. No changes to existing customer contracts, service levels or commercial terms are planned as a result of the transaction.
Kyivstar Group Ltd. reported strong H1 2026 results while operating through the war in Ukraine. Revenue rose 22.8% to US$662 million, with telecommunication and infrastructure revenue at US$521 million and digital revenue more than doubling to US$141 million, helped by Uklon, newly acquired Tabletki and higher Kyivstar TV revenue.
Operating profit increased to US$240 million and profit for the period grew 28.6% to US$162 million; Adjusted EBITDA reached US$361 million. Mobile ARPU rose 12.5% to US$3.90 even as the mobile customer base declined 2.8% to 21.8 million, mainly due to war‑related demographic changes.
The group invested in growth and resilience, with capex excluding licenses and right‑of‑use assets of US$126 million and acquisitions of ISP Shtorm (US$10 million), Tabletki (US$161 million) and six solar power plants (US$70 million). Cash and cash equivalents stood at US$364 million and total debt and derivatives at US$544 million. Management nonetheless highlights a material uncertainty about the ability to continue as a going concern because of the ongoing war in Ukraine, sanctions risks and capital controls that restrict cash movements from Ukraine.
Kyivstar Group Ltd reported strong 2Q26 results, with total revenue up 19.3% year-on-year to USD 339 mn and digital revenue up 83.0% to USD 74 mn, now 21.7% of the total. Telecommunications and infrastructure revenue grew 8.8% to USD 265 mn. EBITDA rose 13.7% to USD 188 mn, delivering a 55.4% margin, while net profit was USD 77 mn and EPS USD 0.33, both lower than a year ago due mainly to a USD 21.2 mn non-cash warrant fair value loss. Equity free cash flow after leases and licenses increased 32.2% to USD 104 mn, capex was USD 59 mn with 17.3% capex intensity, and cash stood at USD 364 mn against net debt of USD 123 mn at June 30, 2026.
For 1H26, revenue grew 22.8% to USD 662 mn and EBITDA 17.8% to USD 361 mn, with net profit of USD 162 mn and EPS of USD 0.70. Digital platforms drove growth: Uklon generated USD 32.8 mn revenue and USD 12.5 mn EBITDA in 2Q, Tabletki delivered USD 7.8 mn revenue on GMV of USD 376.3 mn, and Kyivstar TV reached USD 13.9 mn revenue and 3.6 mn customers. Multiplay customers rose 23.6% to 8.1 mn. Strategically, Kyivstar completed the USD 80.8 mn acquisition of six solar plants adding 105 MW of capacity and expanded Starlink D2C services and AI initiatives. Reflecting momentum, the company raised its 2026 guidance to 14%-16% USD revenue growth and 9%-12% EBITDA growth, with capex intensity still targeted at 21%-24% of revenue.
Kyivstar Group Ltd. officer Kiziltoprak Taner, who serves as Chief Financial Officer, reported initial beneficial ownership of 33,762 Common Shares held directly. This Form 3 reflects a holdings position and does not report any specific purchase, sale, or derivative transaction.
Kyivstar Group Ltd. director Fabela Augie K II filed an initial Form 3 reporting beneficial ownership of the company’s common shares. The filing shows 23,000 common shares held indirectly through a trust, where he shares voting and investment power via a controlled investment advisor, and 10,000 common shares held directly in his own name.
Kyivstar Group Ltd. reported that Terzioglu Muhterem Kaan is an insider of the company, serving as both a director and Executive Chairman. This Form 3 filing establishes his status as a reporting person for future disclosures of any ownership or trading activity in Kyivstar Group securities.
Kyivstar Group Ltd. director Soeting Michiel has filed a Form 3, which is an initial statement of beneficial ownership for insiders. The data provided shows no reported purchases, sales, exercises, gifts, or other equity transactions in this filing.
Kyivstar Group Ltd. filed an initial insider ownership report for director Shymkiv Dmytro. The Form 3 shows that he holds 32,000 Common Shares of Kyivstar Group Ltd. as a direct owner, establishing his starting reported equity position in the company.