NASDAQ : KYIV
Kyivstar Group Ltd. — Financial statements
Communication Services · Telecom Services · United Arab Emirates
Last price 12.93 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.00B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Kyivstar Group Ltd. (KYIV) reported revenue of 1.28B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.28B | 1.16B | 919.00M | 915.00M | 3.63B | 3.73B |
| Other Revenue | 127.00M | 125.00M | ||||
| Revenue | 1.28B | 1.16B | 919.00M | 915.00M | 3.75B | 3.85B |
| Cost of Revenue | 143.00M | 123.00M | 100.00M | 94.00M | 476.00M | 487.00M |
| Gross Profit | 1.14B | 1.03B | 819.00M | 821.00M | 3.28B | 3.36B |
| Selling, General & Admin | 432.00M | 384.00M | 296.00M | 277.00M | 1.37B | 1.33B |
| Amortization of Goodwill & Intangibles | 80.00M | 65.00M | 45.00M | 49.00M | 218.00M | 190.00M |
| Other Operating Expenses | 8.00M | 6.00M | 27.00M | 49.00M | ||
| Operating Expenses | 664.00M | 589.00M | 467.00M | 459.00M | 2.18B | 2.17B |
| Operating Income | 473.00M | 445.00M | 352.00M | 362.00M | 1.10B | 1.19B |
| Interest Expense | -73.00M | -75.00M | -82.00M | -82.00M | -609.00M | -604.00M |
| Interest & Investment Income | 9.00M | 12.00M | 40.00M | 35.00M | 79.00M | 25.00M |
| Currency Exchange Gain (Loss) | 11.00M | -13.00M | 39.00M | 38.00M | 188.00M | -4.00M |
| Other Non Operating Income (Expenses) | -17.00M | 2.00M | -8.00M | 26.00M | 6.00M | |
| EBT Excluding Unusual Items | 403.00M | 369.00M | 351.00M | 345.00M | 786.00M | 613.00M |
| Merger & Restructuring Charges | -1.00M | -1.00M | ||||
| Impairment of Goodwill | -445.00M | |||||
| Gain (Loss) on Sale of Assets | 6.00M | -1.00M | 2.00M | 97.00M | 11.00M | |
| Asset Writedown | -8.00M | -8.00M | -3.00M | -1.00M | 595.00M | -27.00M |
| Other Unusual Items | -162.00M | -162.00M | -35.00M | |||
| Pretax Income | 238.00M | 198.00M | 347.00M | 346.00M | 998.00M | 597.00M |
| Income Tax Expense | 78.00M | 74.00M | 64.00M | 65.00M | 67.00M | 340.00M |
| Earnings From Continuing Operations | 160.00M | 124.00M | 283.00M | 281.00M | 931.00M | 257.00M |
| Earnings From Discontinued Operations | -739.00M | 679.00M | ||||
| Net Income to Company | 160.00M | 124.00M | 283.00M | 281.00M | 192.00M | 936.00M |
| Minority Interest in Earnings | -154.00M | -127.00M | ||||
| Net Income | 160.00M | 124.00M | 283.00M | 281.00M | 38.00M | 809.00M |
| Net Income to Common | 160.00M | 124.00M | 283.00M | 281.00M | 38.00M | 809.00M |
| Shares Outstanding (Basic) | 228.09M | 216.12M | 206.94M | 206.94M | 30.10M | 30.10M |
| Shares Outstanding (Diluted) | 228.09M | 216.12M | 206.94M | 206.94M | 30.10M | 30.10M |
| EPS (Basic) | 0.70 | 0.57 | 1.37 | 1.36 | 1.26 | 26.88 |
| EPS (Diluted) | 0.70 | 0.57 | 1.37 | 1.36 | 1.26 | 26.88 |
| Free Cash Flow | 369.00M | 311.00M | 268.00M | 317.00M | 2.08B | 1.99B |
| Free Cash Flow Per Share | 1.62 | 1.44 | 1.29 | 1.53 | 69.24 | 66.11 |
| Gross Margin | 88.83% | 89.37% | 89.12% | 89.73% | 87.32% | 87.35% |
| Operating Margin | 36.95% | 38.46% | 38.30% | 39.56% | 29.35% | 30.91% |
| Profit Margin | 12.50% | 10.72% | 30.79% | 30.71% | 1.01% | 21.01% |
| Free Cash Flow Margin | 28.83% | 26.88% | 29.16% | 34.64% | 55.50% | 51.69% |
| EBITDA | 610.00M | 555.00M | 444.00M | 538.00M | 1.69B | 2.47B |
| EBITDA Margin | 47.66% | 47.97% | 48.31% | 58.80% | 44.90% | 64.26% |
| D&A For EBITDA | 137.00M | 110.00M | 92.00M | 176.00M | 584.00M | 1.28B |
| EBIT | 473.00M | 445.00M | 352.00M | 362.00M | 1.10B | 1.19B |
| EBIT Margin | 36.95% | 38.46% | 38.30% | 39.56% | 29.35% | 30.91% |
| Effective Tax Rate | 32.77% | 37.37% | 18.44% | 18.79% | 6.71% | 56.95% |
| Revenue as Reported | 3.75B | 3.85B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 364.00M | 455.00M | 674.00M | 425.00M | 3.08B | 2.17B |
| Short-Term Investments | 131.00M | 38.00M | 151.00M | 592.00M | 456.00M | |
| Cash & Short-Term Investments | 495.00M | 455.00M | 712.00M | 576.00M | 3.67B | 2.63B |
| Accounts Receivable | 41.00M | 36.00M | 40.00M | 43.00M | 447.00M | 667.00M |
| Other Receivables | 28.00M | 55.00M | 363.00M | 12.00M | 184.00M | 200.00M |
| Receivables | 69.00M | 91.00M | 403.00M | 55.00M | 631.00M | 867.00M |
| Inventory | 3.00M | 3.00M | 3.00M | 4.00M | 18.00M | 111.00M |
| Prepaid Expenses | 3.00M | 2.00M | 2.00M | 50.00M | 24.00M | |
| Other Current Assets | 30.00M | 140.00M | 88.00M | 67.00M | 5.95B | 2.19B |
| Total Current Assets | 597.00M | 692.00M | 1.21B | 704.00M | 10.31B | 5.82B |
| Property, Plant & Equipment | 949.00M | 849.00M | 624.00M | 597.00M | 2.89B | 6.71B |
| Long-Term Investments | 2.00M | 2.00M | 1.43B | 1.41B | ||
| Goodwill | 221.00M | 128.00M | 14.00M | 15.00M | 394.00M | 1.54B |
| Other Intangible Assets | 439.00M | 363.00M | 283.00M | 257.00M | 1.56B | 1.68B |
| Long-Term Deferred Tax Assets | 3.00M | 273.00M | 227.00M | |||
| Long-Term Deferred Charges | 32.00M | 30.00M | 38.00M | 126.00M | 149.00M | |
| Other Long-Term Assets | 52.00M | 56.00M | 50.00M | 29.00M | 31.00M | 68.00M |
| Total Assets | 2.26B | 2.12B | 2.21B | 1.98B | 17.02B | 17.60B |
| Accounts Payable | 149.00M | 141.00M | 103.00M | 120.00M | 1.13B | 2.07B |
| Accrued Expenses | 40.00M | 28.00M | 18.00M | 239.00M | 533.00M | |
| Current Portion of Long-Term Debt | 144.00M | 142.00M | 600.00M | 9.00M | 2.94B | 926.00M |
| Current Portion of Leases | 45.00M | 87.00M | 69.00M | 74.00M | 235.00M | 609.00M |
| Current Income Taxes Payable | 20.00M | 19.00M | 23.00M | 16.00M | 179.00M | 228.00M |
| Current Unearned Revenue | 30.00M | 26.00M | 19.00M | 121.00M | 154.00M | |
| Other Current Liabilities | 117.00M | 39.00M | 38.00M | 9.00M | 4.39B | 551.00M |
| Total Current Liabilities | 475.00M | 498.00M | 887.00M | 265.00M | 9.23B | 5.07B |
| Long-Term Debt | 608.00M | 4.74B | 7.32B | |||
| Long-Term Leases | 355.00M | 287.00M | 225.00M | 207.00M | 640.00M | 2.08B |
| Long-Term Deferred Tax Liabilities | 33.00M | 21.00M | 6.00M | 5.00M | 36.00M | 115.00M |
| Other Long-Term Liabilities | 15.00M | 17.00M | 11.00M | 11.00M | 67.00M | 121.00M |
| Total Liabilities | 878.00M | 823.00M | 1.13B | 1.10B | 14.71B | 14.71B |
| Common Stock | 2.00M | 2.00M | 2.00M | 2.87B | 39.00M | 39.00M |
| Additional Paid-In Capital | 2.40B | 2.40B | 2.14B | 13.03B | 13.03B | |
| Retained Earnings | 1.13B | 965.00M | 1.01B | -1.69B | -1.73B | |
| Comprehensive Income & Other | -2.14B | -2.07B | -2.08B | -1.99B | -9.26B | -9.36B |
| Total Common Equity | 1.39B | 1.30B | 1.08B | 887.00M | 2.11B | 1.98B |
| Minority Interest | 198.00M | 913.00M | ||||
| Shareholders' Equity | 1.39B | 1.30B | 1.08B | 887.00M | 2.31B | 2.89B |
| Total Liabilities & Equity | 2.26B | 2.12B | 2.21B | 1.98B | 17.02B | 17.60B |
| Total Debt | 544.00M | 516.00M | 894.00M | 898.00M | 8.55B | 10.93B |
| Net Cash (Debt) | -49.00M | -61.00M | -182.00M | -322.00M | -4.88B | -8.31B |
| Net Cash Per Share | -0.21 | -0.28 | -0.88 | -1.56 | -162.26 | -275.95 |
| Filing Date Shares Outstanding | 230.88M | 230.86M | 206.94M | 206.94M | 30.10M | 30.10M |
| Total Common Shares Outstanding | 230.88M | 230.86M | 206.94M | 206.94M | 30.10M | 30.10M |
| Working Capital | 122.00M | 194.00M | 321.00M | 439.00M | 1.09B | 746.00M |
| Book Value Per Share | 6.00 | 5.63 | 5.22 | 70.07 | 65.81 | |
| Tangible Book Value | 725.00M | 808.00M | 783.00M | 615.00M | 156.00M | -1.24B |
| Tangible Book Value Per Share | 3.14 | 3.50 | 3.78 | 5.18 | -41.16 | |
| Land | 28.00M | 138.00M | ||||
| Machinery | 334.00M | 5.40B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 160.00M | 124.00M | 283.00M | 281.00M | 998.00M | 597.00M |
| Depreciation & Amortization | 190.00M | 163.00M | 137.00M | 176.00M | 735.00M | 1.69B |
| Other Amortization | 204.00M | 204.00M | 26.00M | 131.00M | 68.00M | |
| Loss (Gain) From Sale of Assets | -6.00M | 1.00M | -2.00M | -123.00M | -17.00M | |
| Asset Writedown & Restructuring Costs | 8.00M | 8.00M | 3.00M | 1.00M | -199.00M | -941.00M |
| Other Operating Activities | 23.00M | 13.00M | -46.00M | -39.00M | -401.00M | -199.00M |
| Change in Accounts Receivable | -47.00M | -51.00M | -10.00M | 28.00M | -164.00M | -141.00M |
| Change in Inventory | -2.00M | -12.00M | -4.00M | |||
| Change in Accounts Payable | 82.00M | 88.00M | 32.00M | -33.00M | 61.00M | -67.00M |
| Change in Other Net Operating Assets | 10.00M | 9.00M | 4.00M | 3.00M | 49.00M | 17.00M |
| Operating Cash Flow | 624.00M | 558.00M | 430.00M | 413.00M | 2.70B | 2.67B |
| Capital Expenditures | -255.00M | -247.00M | -162.00M | -96.00M | -616.00M | -680.00M |
| Sale of Property, Plant & Equipment | 7.00M | 6.00M | ||||
| Cash Acquisitions | -250.00M | -157.00M | -2.00M | -16.00M | ||
| Divestitures | 40.00M | |||||
| Sale (Purchase) of Intangibles | -96.00M | -86.00M | -86.00M | -47.00M | -374.00M | -155.00M |
| Investment in Securities | -43.00M | 30.00M | 119.00M | -150.00M | -76.00M | -101.00M |
| Other Investing Activities | -6.00M | -54.00M | -1.00M | -47.00M | -585.00M | -176.00M |
| Investing Cash Flow | -660.00M | -150.00M | -132.00M | -327.00M | -1.78B | -1.18B |
| Long-Term Debt Issued | 7.00M | 2.09B | 2.06B | |||
| Long-Term Debt Repaid | -743.00M | -29.00M | -88.00M | -1.59B | -1.98B | |
| Lease Payments | -40.00M | -37.00M | -29.00M | -28.00M | ||
| Net Debt Issued (Repaid) | -172.00M | -736.00M | -29.00M | -88.00M | 496.00M | 78.00M |
| Other Financing Activities | 132.00M | 110.00M | -8.00M | -351.00M | -848.00M | |
| Financing Cash Flow | -40.00M | -626.00M | -37.00M | -88.00M | 145.00M | -770.00M |
| Foreign Exchange Rate Adjustments | -18.00M | -1.00M | -12.00M | -5.00M | -114.00M | -16.00M |
| Miscellaneous Cash Flow Adjustments | -33.00M | -113.00M | ||||
| Net Cash Flow | -94.00M | -219.00M | 249.00M | -7.00M | 920.00M | 594.00M |
| Free Cash Flow | 369.00M | 311.00M | 268.00M | 317.00M | 2.08B | 1.99B |
| Free Cash Flow Margin | 28.83% | 26.88% | 29.16% | 34.64% | 55.50% | 51.69% |
| Free Cash Flow Per Share | 1.62 | 1.44 | 1.29 | 1.53 | 69.24 | 66.11 |
| Levered Free Cash Flow | 313.00M | 575.25M | -248.25M | 850.00M | -739.88M | -457.75M |
| Unlevered Free Cash Flow | 358.62M | 622.12M | -197.00M | 901.25M | -359.25M | -80.25M |
| Free Cash Flow After Leases | 329.00M | 274.00M | 239.00M | 289.00M | 2.08B | 1.99B |
| Cash Interest Paid | 75.00M | 77.00M | 78.00M | 75.00M | 499.00M | 532.00M |
| Cash Income Tax Paid | 65.00M | 71.00M | 52.00M | 62.00M | 284.00M | 274.00M |
| Change in Working Capital | 45.00M | 46.00M | 26.00M | -4.00M | -66.00M | -195.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.02B | 3.00B | 316.52M | |||
| Enterprise Value | 3.07B | 3.03B | 3.34B | |||
| Last Close Price | 12.93 | 12.98 | 10.01 | |||
| PE Ratio | 18.55 | 24.17 | 1.12 | |||
| Forward PE | 8.36 | 9.97 | ||||
| PS Ratio | 2.35 | 2.59 | 0.34 | |||
| PB Ratio | 2.16 | 2.31 | 0.29 | |||
| P/TBV Ratio | 4.14 | 3.71 | 0.40 | |||
| P/FCF Ratio | 8.14 | 9.63 | 1.18 | |||
| P/OCF Ratio | 4.81 | 5.37 | 0.74 | |||
| PEG Ratio | 1.19 | 0.90 | ||||
| EV/Sales Ratio | 2.38 | 2.62 | 3.64 | |||
| EV/EBITDA Ratio | 5.00 | 5.45 | 7.53 | |||
| EV/EBIT Ratio | 6.45 | 6.80 | 9.50 | |||
| EV/FCF Ratio | 8.27 | 9.73 | 12.48 | |||
| Debt / Equity Ratio | 0.39 | 0.40 | 0.83 | 1.01 | 3.71 | 3.78 |
| Debt / EBITDA Ratio | 0.82 | 0.85 | 1.83 | 1.67 | 4.66 | 3.79 |
| Debt / FCF Ratio | 1.47 | 1.66 | 3.34 | 2.83 | 4.10 | 5.49 |
| Net Debt / Equity Ratio | 0.04 | 0.05 | 0.17 | 0.36 | 2.12 | 2.87 |
| Net Debt / EBITDA Ratio | 0.08 | 0.11 | 0.41 | 0.60 | 2.90 | 3.36 |
| Net Debt / FCF Ratio | 0.13 | 0.20 | 0.68 | 1.02 | 2.34 | 4.17 |
| Asset Turnover | 0.61 | 0.53 | 0.44 | 0.10 | 0.22 | 0.23 |
| Inventory Turnover | 47.67 | 41.00 | 28.57 | 8.54 | 7.38 | 4.39 |
| Quick Ratio | 1.19 | 1.10 | 1.26 | 2.38 | 0.47 | 0.69 |
| Current Ratio | 1.26 | 1.39 | 1.36 | 2.66 | 1.12 | 1.15 |
| Return on Equity (ROE) | 12.28% | 10.42% | 28.78% | 17.59% | 35.80% | 9.75% |
| Return on Assets (ROA) | 14.07% | 12.84% | 10.50% | 2.38% | 3.98% | 4.38% |
| Return on Invested Capital (ROIC) | 22.53% | 21.26% | 23.24% | 7.00% | 11.18% | 4.63% |
| Return on Capital Employed (ROCE) | 26.50% | 27.40% | 26.60% | 21.10% | 14.10% | 9.50% |
| Earnings Yield | 5.39% | 4.14% | 89.41% | |||
| FCF Yield | 12.29% | 10.38% | 84.67% | |||
| Buyback Yield / Dilution | -10.22% | -4.43% | -587.52% |