Kyivstar Group Ltd. (Nasdaq: KYIV, “Kyivstar”) increased its net profit in the second quarter of 2025 by 18.6% compared to the same period in 2024, to 3.4 billion hryvnia, the company reported in its SEC filing.
“Kyivstar Group continues to demonstrate the resilience and strength of our digital operator strategy, delivering significant revenue growth and high profitability. This quarter’s results demonstrate our ability to deliver stable financial performance while expanding our digital ecosystem,” said Alexander Komarov, CEO of Kyivstar Group.
It is added that net profit in dollars increased by 13.9% to $82 million.
According to the report, Kyivstar Group’s operating revenue in the second quarter increased by 25.9% to UAH 11.86 billion, and adjusted EBITDA increased by 23.6% to UAH 6.8 billion.
In dollars, revenue grew by 20.9% to $284 million, EBITDA by 18.7% to $165 million, of which $21.7 million was revenue from Uklon, which was consolidated in the report for the first time.
Kyivstar Group Ltd announced on August 15 the completion of its listing on the Nasdaq stock exchange. The share of the parent company VEON after the merger with SPAC decreased from 100% to 89.6%, while the deal provided $178 million in proceeds.
Kyivstar serves nearly 23 million mobile subscribers and over 1.1 million home internet subscribers. Its digital services portfolio includes the Helsi medical platform, the Kyivstar TV movie and television platform, and Uklon, a leading ride-hailing and delivery company. Kyivstar is also a provider of solutions for corporate clients, offering cloud technology, cyber security, and artificial intelligence services. Through its Kyivstar.Tech division, the company is developing software development in Ukraine and is a partner for international technology companies such as Starlink.
