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Kyivstar Group
(NASDAQ:KYIV)
Kyivstar Group (KYIV) vs. SPDR S&P 500 ETF (SPY)
Kyivstar Group Business Overview & Revenue Model
Kyivstar Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 836.00M | 919.00M | 915.00M | 0.00 |
| Gross Profit | 755.00M | 590.00M | 611.00M | 0.00 |
| EBITDA | 284.16M | 592.00M | 604.00M | -19.39K |
| Net Income | 39.16M | 283.00M | 281.00M | -19.39K |
Balance Sheet | ||||
| Total Assets | 2.03B | 2.21B | 1.98B | 181.96K |
| Cash, Cash Equivalents and Short-Term Investments | 472.00M | 467.00M | 294.00M | 100.00 |
| Total Debt | 502.00M | 894.00M | 898.00M | 93.15K |
| Total Liabilities | 797.00M | 1.13B | 1.10B | 223.84K |
| Stockholders Equity | 1.24B | 1.08B | 887.00M | -41.88K |
Cash Flow | ||||
| Free Cash Flow | 113.09M | 182.00M | 270.00M | 0.00 |
| Operating Cash Flow | 268.09M | 430.00M | 413.00M | 0.00 |
| Investing Cash Flow | -427.15M | -132.00M | -327.00M | 0.00 |
| Financing Cash Flow | 213.71M | -37.00M | -88.00M | 100.00 |
Kyivstar Group Technical Analysis
Kyivstar Group Peers Comparison
Kyivstar Group Corporate Events
On January 29, 2026, Kyivstar Group Ltd. announced that its principal shareholder, VEON Amsterdam B.V., and certain other selling shareholders had priced a secondary public offering of 12.5 million Kyivstar common shares at USD 10.50 per share in the U.S. market, with underwriters granted a 30-day option to purchase up to an additional 1.875 million shares; the company itself is not issuing or selling shares and will not receive any proceeds from the transaction. The offering, supported by a syndicate led by Morgan Stanley, Barclays, Cantor and Rothschild & Co, and declared effective by the SEC on January 29, 2026, is expected to close on February 2, 2026 subject to customary conditions, effectively broadening Kyivstar’s free float and shareholder base while representing a partial selldown by existing investors rather than new capital raising for the company.
The most recent analyst rating on (KYIV) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Kyivstar Group stock, see the KYIV Stock Forecast page.
On January 28, 2026, Kyivstar Group Ltd. reported that its principal shareholder, VEON Amsterdam B.V., together with other selling shareholders, has launched a proposed U.S. public offering of 12.5 million Kyivstar common shares via a Form F-1 registration, with underwriters granted a 30‑day option to buy up to an additional 1.875 million shares; the company itself will not issue or sell any new shares, making the transaction purely secondary and focused on shareholder liquidity rather than raising primary capital. In support of the offering, Kyivstar released preliminary, unaudited estimates for 2025 indicating robust year-on-year revenue and adjusted EBITDA growth of 24–26% in U.S. dollar terms and a capex intensity of 29–31%, highlighting significant ongoing network and infrastructure investment, although management emphasized that these figures remain subject to completion of year-end closing procedures and audit, and are presented partly through non‑IFRS metrics that may not be directly comparable across peers.
The most recent analyst rating on (KYIV) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Kyivstar Group stock, see the KYIV Stock Forecast page.
On November 10, 2025, Kyivstar Group Ltd. reported that certain non-IFRS metrics in its third-quarter 2025 earnings release had included a one-time $134 million cash inflow from a share issuance, and on January 23, 2026, the company formally updated its definition of Equity Free Cash Flow to exclude such proceeds in order to improve comparability and transparency for investors. Under the revised definition, Equity Free Cash Flow before licenses and leases was $40 million for the third quarter and $203 million for the nine months ended September 30, 2025, with a last-twelve-month figure of $239 million, while Equity Free Cash Flow after licenses and leases was $31 million for the quarter and $176 million for the nine-month period, clarifying the company’s underlying cash generation profile for stakeholders.
The most recent analyst rating on (KYIV) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Kyivstar Group stock, see the KYIV Stock Forecast page.
On November 24, 2025, Kyivstar Group Ltd. released its unaudited interim condensed consolidated financial statements for the three and nine months ending September 30, 2025. The company reported a revenue increase to $836 million for the nine-month period, up from $669 million in the previous year, despite incurring a significant listing expense of $162 million. The financial results indicate a profit of $34 million for the nine-month period, reflecting the company’s resilience and strategic positioning in the market.
The most recent analyst rating on (KYIV) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Kyivstar Group stock, see the KYIV Stock Forecast page.
On November 10, 2025, Kyivstar Group Ltd. announced its third-quarter financial results, reporting a 20.9% year-over-year increase in total revenue to UAH 12.3 billion and a 21.5% rise in EBITDA to UAH 7.1 billion. The company highlighted its strong digital growth, with digital services now contributing nearly 12% of its revenues, driven by the consolidation of Uklon. Kyivstar’s strategic initiatives included listing on the NASDAQ, conducting Ukraine’s first Starlink Direct to Cell network test, and developing a national large language model in partnership with Ukraine’s Ministry of Digital Transformation.
The most recent analyst rating on (KYIV) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Kyivstar Group stock, see the KYIV Stock Forecast page.