Kyivstar boosts net profit 36% despite losing N\nearly 600,000 subscribers
Business31 July, 11:15 AM
In the first half of 2026, compared with the same period a year earlier, Kyivstar increased revenue by 29.1% to 28.96 billion hryvnias ($694 million) and EBITDA by 24.5% to 15.78 billion hryvnias ($378 million).
Kyivstar's total subscriber base fell by 2.8%, or 600,000 users, to 21.8 million in the second quarter of 2026 from 22.4 million a year earlier.
The number of multiplay customers rose 23.6% to 8.1 million.
Average revenue per user (ARPU) increased 18.3% year over year to 172.7 hryvnias ($4.14) in the second quarter.
Average monthly mobile minutes of use (MoU) declined 1.3% to 291 minutes.
Ride-hailing platform Uklon, which was consolidated into Kyivstar's financial results in April 2025, generated 1.448 billion hryvnias ($34.7 million) in revenue in the second quarter of 2026, with EBITDA of 554 million hryvnias ($13.3 million). The platform completed 43 million rides and 1.4 million deliveries during the quarter.
Tabletki.ua reported second-quarter 2026 revenue of 342 million hryvnias ($8.2 million) and EBITDA of 274 million hryvnias ($6.6 million). Gross merchandise value (GMV) on the platform reached 16.6 billion hryvnias ($398 million), while the total number of orders rose to 44.9 million.
Kyivstar TV generated 614 million hryvnias ($14.7 million) in revenue in the second quarter of 2026, while medical information platform Helsi posted revenue of 105 million hryvnias ($2.5 million).
As reported, Kyivstar increased EBITDA by 30% to 27 billion hryvnias ($647 million) and revenue by 30.3% to 48.2 billion hryvnias ($1.16 billion) in 2025 compared with 2024.
In May, Kyivstar acquired six solar power plants with a combined installed capacity of 105 megawatts in Lviv Oblast for 3.6 billion hryvnias ($86.3 million).
In February, Kyivstar completed the acquisition of 100% of Tabletki.ua, a digital platform that allows consumers to search for, compare and reserve medicines and other pharmacy products across Ukraine.
In August 2025, Kyivstar became the first Ukrainian company to list on the Nasdaq Stock Market.