Net profit for the July-September period stood at $99 million
Kyivstar Group has released its financial and operational results for the third quarter of 2026. Total revenue grew by 17.5% year-on-year to reach $349 million (UAH 15.6 billion). EBITDA increased by 10.3% to $189 million, with an EBITDA margin of 54.0%. This is reported by the portal PromPolitInform, citing information from Uklon, based on data from Kyivstar Group Ltd..
The financial results allowed the company to record a net profit of $99 million and earnings per share of $0.36. For comparison, the Group completed the same period of 2025 with a net loss of $89 million due to one-off non-cash expenses of $162 million related to its listing.
Capital expenditures in the third quarter decreased by 25.6% year-on-year to $66 million. Meanwhile, the company’s free cash flow reached $83 million for the quarter, bringing the nine-month total for 2026 to $274 million, which is 56.8% higher than the previous year’s figure.
Telecom Segment and Digital Services Revenue
The core telecommunications and infrastructure segment contributed the main share of revenue, growing by 8.4% to $273 million. Average revenue per mobile user (ARPU) rose by 8.6% to $4.0 (UAH 178.9). This performance was driven by a 20.0% increase in mobile data usage and 4G penetration reaching 71.5%.
Telecom EBITDA stood at $158 million with a margin of 57.7%, down 3.1 percentage points due to higher electricity costs. At the same time, the fixed broadband subscriber base grew by 11.3% to 1.32 million users, supported by an Open Access agreement with Ukrtelecom for shared fiber network utilization.
The digital services segment demonstrated revenue growth of 68.9% to $76 million, accounting for 21.7% of total Group revenue. Segment EBITDA increased by 74.2% to $31 million with a margin of 40.7%. Active digital users rose by 48.2% to 29.5 million, bolstered by the consolidation of Tabletki.ua starting February 2026.
Business Expansion and Updated Outlook
During the reporting period, the Uklon service expanded into four additional Ukrainian cities and five cities across the Fergana Valley in Uzbekistan. The Group also announced the pending acquisition of Ukrainian provider GigaCloud to boost corporate cloud offerings and opened a New York office at Rockefeller Center, marking its first anniversary of listing on Nasdaq.
These operational outcomes led management to upgrade full-year 2026 financial guidance. The company now expects annual revenue growth of 15–17% in USD (22–24% in UAH), up from the previous forecast of 14–16%. EBITDA growth guidance has been raised to 10–12% in USD (18–20% in UAH), while capital intensity expectations remain unchanged at 21–24%.
Illustrative photo: Maksym Kozlenko / CC BY-SA 4.0
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