Kyivstar Lifts Outlook Again Amid Strong H1 Earnings

Kyivstar, Ukraine's largest mobile operator, has raised its financial outlook for the second time this year. The company expects strong momentum to continue in the second half of the year after posting double-digit earnings growth in the first six months.

The revised revenue and profit targets for 2026 show that Kyivstar now expects revenue growth in US dollars of between 14% and 16%, up from a prior range of 11% to 14%. Full-year core profit is also expected to rise between 9% and 12%, versus 7% to 10% previously.

Kyivstar's strategy of making strategic acquisitions in energy, ride-hailing, and healthcare has supported growth despite the war in Ukraine. The company continued spending on Ukraine's strained telecoms network.