Kyivstar Group Ltd · Q2 2025 earnings

Briefing

Kyivstar Q2 2025: $284M revenue (+21% YoY) and $82M profit ahead of Nasdaq listing

Kyivstar Group reported unaudited combined results for the second quarter ended June 30, 2025, with total operating revenues of $284 million, up 21% year over year in USD terms, driven by telecom growth and the first-time consolidation of Uklon ride-hailing. Profit for the period was $82 million versus $72 million a year earlier, while operating profit reached $112 million. The quarter reflected continued expansion in digital services including Kyivstar TV, Helsi health, and Uklon, which contributed about $21.7 million of revenue following its April acquisition. The filing accompanied Kyivstar’s SPAC combination with Cohen Circle, which closed in August 2025 and listed the group on Nasdaq under ticker KYIV.

• Q2 2025 total operating revenues were $284 million (+21% YoY in USD; +26% in local currency).
• Profit for the period was $82 million with operating profit of $112 million versus $100 million in Q2 2024.
• First-time consolidation of Uklon added roughly $21.7 million of revenue in the quarter.
• Six-month revenues reached $539 million with profit of $126 million; cash and equivalents were $458 million at June 30.
• The Cohen Circle business combination closed August 14, 2025, listing Kyivstar on Nasdaq as VEON spun out its Ukraine digital operator.

Headline financials

Revenue & EPS history