This is 72.8% more than in the same period in 2024. The company demonstrated stable growth, despite the challenges of wartime, thanks to the effective implementation of the digital operator strategy and the expansion of digital services.
This is 72.8% more than in the same period in 2024. The company demonstrated stable growth, despite the challenges of wartime, thanks to the effective implementation of the digital operator strategy and the expansion of digital services.
Kyivstar's total revenue in Q2 2025 amounted to UAH 11.8 billion, which is 25.8% more compared to last year. The main drivers of growth were the consolidation of Uklon, as well as the growth of the Helsi and Kyivstar TV digital platforms. Capital investments in the second quarter amounted to UAH 3.9 billion.
The share of 4G users in the total subscriber base increased to 64.5%. The number of multi-service users increased by 23.7%, reaching 31.7% of the total subscriber base. Direct digital revenue increased by 460.3%.
The number of users of the Helsi medical system reached 2.5 million, which is 15.8% more than in Q2 2024. The user base of Kyivstar TV increased by 21.7%.
The company received permission to test Direct to Cell satellite technology, which will provide communication in hard-to-reach regions. Kyivstar also signed a memorandum with the Ministry of Digital Affairs on the creation of the first Ukrainian-language large-scale voice model.
Uklon, which became part of the Kyivstar ecosystem in April 2025, generated $21.7 million in revenue and $9.3 million in EBITDA in the second quarter.
Kyivstar continues to prepare for an indirect listing on the Nasdaq exchange in partnership with Cohen Circle. The Cohen Circle extraordinary shareholders meeting is scheduled for August 12, 2025. If the transaction is successfully completed, Kyivstar will become the first Ukrainian company to be listed on the US stock exchange.
