Kyivstar, Ukraine’s largest mobile operator, increased its EBITDA by 18.7% in the third quarter of 2026 to 8.4 billion UAH, while revenue rose by 26.5% to 15.6 billion UAH, according to the company’s quarterly report released on Friday.
“This quarter demonstrates how Kyivstar is expanding. This growth provides the resources for further expansion: over the first nine months, free cash flow increased by 57%. Our network continued to operate even under the most challenging conditions,” the document quotes Kyivstar CEO and President Oleksandr Komarov as saying.
Kyivstar estimates revenue growth for the third quarter of 2026 in U.S. dollars at 17.5%—to $349 million—and EBITDA at 10.3% to $189 million.
Net income for the third quarter of this year was $99 million, compared to a net loss of $89 million in the third quarter of 2025; earnings per share were $0.36, while in the third quarter of 2025 the figure was $0.41.
Revenue from the digital segment grew by 68.9% to $76 million, accounting for 21.7% of the group’s total revenue. EBITDA for the digital segment increased by 74.2% to $31 million, with a margin of 40.7%.
Revenue from telecommunications and infrastructure grew by 8.4% in the third quarter of this year compared to the same period last year, reaching $273 million, or a 16.7% increase in hryvnia terms.
Capital expenditures in the third quarter of this year decreased by 25.6% to $66 million, while the capital expenditure intensity over the past 12 months fell from 29% to 24%.
It is noted that free cash flow amounted to $83 million (compared to $34 million in the third quarter of 2025), and for the first nine months of this year, it totaled $274 million, an increase of 56.8%. Cash and cash equivalents totaled $436 million, and net liquidity, excluding leases, amounted to $350 million.
The report specifies that Kyivstar is raising its forecast for 2026 and now expects revenue growth of 15–17% in dollars, or 22–24% in hryvnia. EBITDA is also expected to grow by 10–12% in dollars and 18–20% in hryvnia.
At the same time, Kyivstar added that the capital expenditure ratio will remain unchanged at 21–24%.
Among other things, ARPU (Average Revenue Per User) in the mobile segment for the third quarter of 2026 rose by 14% compared to the third quarter of 2025—to 178.9 UAH (up 13% in U.S. dollars—to $4). The company explains that this is due to a 20% increase in data consumption and a rise in 4G penetration to 71.5% (+4.9 percentage points).
At the same time, the number of broadband internet subscribers increased by 11.3% compared to the previous figure, reaching 1.3 million.
“The Open Access agreement with Ukrtelecom allows Kyivstar to provide home internet services via Ukrtelecom’s fiber-optic network, which contributes to the group’s further expansion of market coverage,” the report emphasized.
According to the report, Kyivstar’s total number of subscribers in the third quarter of 2026 decreased by 3.6% compared to the same period in 2025, down to 21.7 million.
In addition, Kyivstar is expanding its digital services alongside its telecom business. The number of active users of these services in the third quarter stood at 29.5 million (+48.2%), including Tabletki.ua, whose results have been consolidated since February 2026.
Furthermore, the mobile operator’s customers who use multiple services account for 40.3% of the active subscriber base, while their ARPU is 1.5 times higher than the average for mobile subscribers.
The online taxi service Uklon, which was consolidated into Kyivstar’s financial statements in April 2025, generated 1.497 billion UAH in revenue, or $33.5 million, in the third quarter of 2026. EBITDA for the reporting period amounted to 455 million UAH, or $0.2 million.
Uklon’s digital customer base grew by 6% to 5.4 million users; the number of booked trips during this period increased by 1.5% to 42.8 million, and the number of completed trips rose by 26.9% to 1.5 million.
In addition, it is reported that the Helsi healthcare information system generated revenue of 111 million UAH as of the end of the third quarter of 2026, an increase of 47% compared to the same period in 2025 (or 36.5% to $2.5 million). Premium subscriptions to the service totaled 136,000 in the third quarter of this year.
The service’s customers have access to 1,700 healthcare facilities; there are 46,000 active doctors in the system (a 19.9% increase), and patients made 2.3 million appointment bookings. In total, the service has 5.2 million digital customers, an increase of 6.2%.
Tabletki.ua, which was acquired in February of this year for $160 million, generated 361 million in revenue, or $8.1 million, in the third quarter of 2026. EBITDA totaled 271 million UAH, or $6.1 million. The service had 6.6 million digital customers in the third quarter of this year. The average monthly number of orders reached 15 million, and gross merchandise value (GMV) totaled $397 million.
Revenue for the Kyivstar TV platform in the third quarter of 2026 reached 630 million (14.1 million). The number of the platform’s digital customers during the reporting period was 3.5 million (a 32.3% increase), while the number of sessions rose by 18.6% to 784 million.
In late October, it was reported that Kyivstar announced the acquisition of GigaCloud, one of Ukraine’s leading cloud infrastructure providers, for nearly 2.28 billion UAH (nearly $50 million) with the aim of expanding its capabilities in the field of cloud solutions for businesses.
GigaCloud, founded in 2016, currently serves more than 1,800 corporate clients. The company specializes in providing relevant services to businesses. Among the company’s clients are the Kernel agricultural holding, Naftogaz, and others.
In 2025, the company reported revenue of $14 million and EBITDA of $4.7 million.
Kyivstar increased its revenue by 29.1% in the first half of 2026 compared to the same period in 2025—to 28.9 billion UAH, or 22.8% in dollar terms, to $662 million. Kyivstar’s net profit during this period increased by 36.1% compared to the same period in 2025—to 7.1 billion UAH, or by 28.8% in U.S. dollars, to $162 million.
PJSC “Yuzhkoks” (Kam’yanske, Dnipropetrovsk Oblast) reduced its net loss by 73% in the January–September period of this year compared to the same period last year, bringing it down to 123.608 million UAH.
According to the company’s interim report, available to the Interfax-Ukraine news agency, the loss in the third quarter amounted to 102.237 million UAH.
Revenue from ordinary operations for this period increased by 2.2%—to 6 billion 778.265 million UAH.
The accumulated loss as of the end of September stood at 2,781.482 million UAH.
The report notes that despite the challenges arising from the difficult economic situation in the country, caused by Russia’s military aggression, management continues to ensure the company’s stable operation, is actively working to improve technological processes, is implementing new technologies, and is strengthening the team to achieve our strategic goals.
“In addition, we strive for continuous improvement in the quality of our products, higher social standards, and a healthier environment; we make significant efforts to prevent pollution, which is an integral an integral part of our operations and overall policy, and we are committed to open and ethical cooperation with all our partners, which is the foundation of our company’s success and stable operations,” the report states.
In addition, the report specifies that the main significant events, risks, and uncertainties that occurred during the reporting period and affected the company’s interim financial statements include significant uncertainty regarding the future course of the military invasion, its duration, and its short- and long-term impact on the company; disruptions to logistics routes, limited inventories, and restricted import and export capabilities due to the escalation of hostilities in the southern regions; the energy crisis; labor shortages; economic and legal risks; significant currency fluctuations; and other factors;
As of the date of issuance of these interim financial statements, as a result of the Russian Federation’s military aggression against Ukraine, the Company has suffered losses in production capacity. Specifically, on August 18, 2026, a 32,000 kVA transformer—a critically important piece of energy infrastructure—was destroyed after being struck by an unmanned aerial vehicle. Due to the damage sustained, this facility cannot be repaired. This incident led to a temporary disruption in the power supply and a partial suspension of the Company’s operations. To minimize the negative consequences and ensure business continuity, the Company’s management immediately took the necessary measures to restore the stable functioning of production processes.
The company is reviewing and adapting its business processes to account for current operating conditions. Management continues to monitor the potential impact and will take all possible measures to minimize any negative consequences, the report concludes.
As previously reported, in the first quarter of 2026, Yuzhkoks saw its loss increase 2.1-fold compared to the same period in 2025—to 110.027 million UAH from 226.338 million UAH. Revenue from ordinary operations decreased by 5.6% to 2,176.428 million UAH.
In January–June 2026, the plant reduced its loss by 94.1% compared to the same period last year—to 21.371 million UAH, while revenue increased by 7%—to 4 billion 860.923 million UAH.
In 2025, the plant reported a net loss of 3,195.470 million UAH, compared to 272.925 million UAH in 2024. Meanwhile, revenue from ordinary operations decreased by 12.9% to 8,582.546 million UAH.
Based on its 2024 results, Yuzhkox saw its net loss increase 4.7-fold compared to 2023—to 272.925 million UAH from 58 million 25.2 thousand UAH, and ended 2022 with a net loss of 1 billion 206.942 million UAH, compared to a net profit of 1 billion 292.672 million UAH reported for 2021.
According to the National Depository for Securities (NDS) data for August as of November 2, 2026, Dashuria Ltd. (Cyprus) owns 94.9565% of the company’s shares.
The authorized capital of PJSC “Yuzhkokks” is 171.918 million UAH, and the par value of a share is 0.25 UAH.
The national postal operator, Ukrposhta, reported a net loss of 78.15 million UAH in the third quarter of 2026, which is 48.5% less than in the same period last year, while the plan was to reduce the loss to 42.87 million UAH, according to the company’s interim financial report.
According to the report, in July–September, “Ukrposhta” increased its revenue by 14.4% compared to the same period in 2025, reaching 3.4519 billion UAH; however, this figure was 3.5% below the target of 3.5782 billion UAH.
“Compared to the same period last year, there has been revenue growth in the segments of letter mail, parcels, money transfers, and retail,” Ukrposhta noted.
It is noted that EBITDA for the reporting period amounted to 205.17 million UAH, compared to 100.3 million UAH in the third quarter of 2025, while the plan called for 158.24 million UAH.
The national postal operator added that in the third quarter of this year, the company handled 12.5 million domestic and international items of written correspondence (compared to 19.6 million in the third quarter of 2025), 9.9 million parcels (10.2 million), and 15.8 million payments (20.8 million).
The report specifies that the average number of full-time employees during the reporting period was 25,500 (27,100 in the third quarter of 2025), and the average salary was 20,900 UAH (18,500 UAH).
According to the document, as of today, “Ukrposhta” has 7,100 customer service locations, including 1,900 mobile post offices.
The company also noted that in the third quarter, it continued to expand its network of parcel lockers and develop its logistics infrastructure and IT systems, as well as expand digital services for customers, particularly the “Ukrposhta.Apteka” service. The on-time delivery rate for mail items was 98%.
The national postal operator noted that in the fourth quarter, it plans to continue investing in digital services by expanding the functionality of the “Ukrposhta 2.0” mobile app, specifically by launching a full-fledged marketplace, a CRM system, and independent customer service channels.
The company also plans to scale its logistics solutions, including the deployment of new parcel lockers in the regions and the optimization of delivery routes.
In the fourth quarter, plans call for strengthening the energy independence of the postal infrastructure in preparation for the coming winter.
As previously reported, Ukrposhta increased its revenue by 4.2% in the first half of this year—to 6.776 billion UAH—and posted a net profit of 92 million UAH, compared to a net loss of 312 million UAH in the first half of last year.
Silpo-Food LLC, a member of the Fozzy Group (Kyiv) commercial and industrial group that operates the “Silpo” grocery supermarket chain in Ukraine, reported a loss of 551.9 million UAH for the January–September 2026 period, whereas during the same period last year the company posted a profit of 956.5 million UAH, and in the first half of 2026—a profit of 849.9 million UAH.
As the company reported in the financial reporting system of the National Securities and Stock Market Commission, its revenue for the first nine months of 2026 grew by 14.6% compared to the same period in 2025, reaching 86.9 billion UAH.
According to the company, in the first half of 2026, Silpo-Food generated 59.5 billion UAH in revenue and 849.9 million UAH in profit. Based on these figures, in the third quarter of 2026, Silpo-Food’s revenue grew by 7.1% compared to the third quarter of last year—to 27.4 billion UAH—while the loss amounted to 1.4 billion UAH.
It is noted that the company’s gross profit for January–September 2026 increased by 22.1% compared to the same period a year ago, reaching 29.3 billion UAH, while operating profit decreased by 3.5% to 2 billion UAH.
Silpo-Food’s current liabilities increased by 2.6% from the beginning of 2026 through September, reaching 33.2 billion UAH, of which trade and other accounts payable amounted to 24.3 billion UAH. Long-term liabilities decreased by 5.1% to 12.9 billion UAH. The accumulated loss since the beginning of the year decreased by 2.3% to 25 billion UAH.
As of September, the company’s assets totaled 39.3 billion UAH.
Silpo-Food LLC was established in early August 2016. As the company reported in its financial statement, as of September 2026, the LLC controls PJSC “Retail Capital” (100%, Kyiv), a closed-end, non-diversified venture corporate investment fund owned by Fozzy Group LLC. The ultimate beneficiary is Volodymyr Kostelman.
As of September 2026, the chain comprises more than 309 supermarkets in 78 cities across Ukraine and four Le Silpo delicatessens: in Kyiv, Dnipro, Kharkiv, and Odesa. The chain employs more than 30,000 people.
It is part of the Fozzy Group, a commercial and industrial group with more than 826 retail locations throughout the country. The company operates retail chains of various formats: “Silpo” supermarkets, Fozzy wholesale hypermarkets, “Fora” neighborhood stores, Thrash! discount stores, “Bila Romashka” pharmacy supermarkets, and E-ZOO pet stores.