Strong Financial Performance
Revenues increased by 5.9% year-on-year in U.S. dollars and 11.2% in local currency. EBITDA grew by 13.2% in U.S. dollars and 19.6% in local currency, reflecting a focus on profitable growth.
Digital Services Expansion
Direct digital revenues grew by 57% year-on-year in dollar terms, now contributing 16.5% of total group revenues. The acquisition of Uklon marks a strategic milestone in digital expansion.
Asset-Light Strategy Progress
Closed a strategic infrastructure pooling partnership with Engro in Pakistan, expected to unlock significant value. Kyivstar in Ukraine progresses on launching satellite communications with Starlink.
Shareholder Returns
Completed the $100 million share buyback program, buying back close to 3% of shares. Repayment of April and June bonds and a $200 million private bond issuance enhanced financial flexibility.
Improved Forecasts
Revised outlook for 2025 with expected local currency growth for total revenue between 13% to 15% and EBITDA growth between 14% to 16%.