Vodafone Ukraine increases its net profit by 18% in 2025, with revenue growing by 14%

Ukraine’s second-largest mobile operator, Vodafone Ukraine (VFU), increased its revenue in 2025 by 14% compared to the previous year, reaching UAH 27.8 billion, while its net profit grew by 18%, reaching UAH 4.18 billion.

According to a press release from Vodafone Ukraine on Monday, OIBDA increased by 15% to UAH 14 billion, despite a significant increase in network power supply costs, and OIBDA margin increased from 50.1% to 50.4%.

The ARPU indicator increased by 19% compared to 2024, reaching UAH 144.8, and the number of clients has remained stable over the past four years at 15.4 million, the document states.

"The company demonstrated strong financial discipline, successfully completing a $400 million bond restructuring and partially repurchasing Eurobonds. Throughout the year, the company continued to repurchase Eurobonds, which allowed it to reduce its debt burden and strengthen its financial position," the mobile operator said.

It is noted that the mobile operator increased its investment in the development and support of critical infrastructure in Ukraine by 41% in 2025, reaching UAH 8.7 billion, and launched 7,500 new 4G base stations. An additional 20,000 new batteries were installed, and the number of generators exceeded 7,000.

Among other achievements last year, the company noted a 1.5-fold increase in the number of users of energy-efficient GPON technology, infrastructure preparation for the implementation of 5G, including the launch of pilot projects in Lviv, Borodianka, and Kharkiv, and the launch of a network modernization program in collaboration with its European partner Nokia.

Furthermore, in 2025, Vodafone Ukraine announced the construction of a new submarine cable system, Kardesa, in the Black Sea in partnership with Vodafone Group. This will create a digital corridor between Europe and Asia with access points in Ukraine, Bulgaria, Georgia, and Turkey, significantly improving the reliability of the global internet.

As reported with reference to the National Commission for State Communications regulator, the top three leaders in telecommunications revenue for 2025 in Ukraine were mobile operators by a significant margin: PJSC Kyivstar – UAH 44.2 billion, Vodafone Ukraine – UAH 25.6 billion, and Lifecell LLC (lifecell TM) from the DVL Group – UAH 15.7 billion. Compared to 2024 figures, Kyivstar’s revenue increased by 20.3%, Vodafone Ukraine’s by 13.1%, and Lifecell’s by 19.1%.