In the first half of the year, the mobile operator Vodafone Ukraine (PJSC VF Ukraine, Kyiv) reduced its net profit by 13% to UAH 1.7 billion compared to the same period in 2024.
This is announced in the company's statement, Ukrainian News Agency reports.
It is noted that the decrease was caused by additional costs associated with the postponement of payments on Eurobonds for two years, as well as an increase in debt servicing costs due to a 1.5-fold increase in the interest rate in accordance with the new restructuring conditions.
In January-June, Vodafone increased its revenue by 15% to UAH 13.5 billion compared to the same period last year.
The main growth factors are still the development of fixed business, an increase in the volume of data services and the number of Internet users and, accordingly, revenues from services - both mobile and fixed.
The OIBDA indicator in the first half of 2025 increased by 12% to UAH 7.17 billion.
The OIBDA margin was 53.1%, a slight decrease - by 1.7 pp compared to the same period last year - occurred against the background of a rapid increase in the tax burden and costs for network power supply.
The confident growth allowed the company to invest even more - Vodafone increased investments by 66% and invested more than UAH 3.5 billion in the country's critical infrastructure in the first half of 2025. More than half of the total investment is aimed at developing, restoring and increasing network reliability in the event of prolonged power outages.
The company traditionally invests significant funds in network support, as well as in the development of fixed Internet access using modern GPON technology.
During the 3.5 years of full-scale war, Vodafone invested almost UAH 19 billion in Ukraine.
The increase in bandwidth and network reliability became an important factor for organic traffic growth, which, in turn, led to an increase in ARPU (up to UAH 136). The subscriber base has remained stable over the past 3.5 years.
In the first half of 2025, the company noted a slight decrease in the total number of customers, at the same time, Vodafone managed to increase the number of contract subscribers - both in the private and corporate segments.
There were innovations on the network, namely: for the first time in Ukraine, an innovative energy-saving technology - Powerstar 2.0, based on artificial intelligence, was introduced on the Vodafone network.
Vodafone has started connecting mobile base stations via passive optical networks xPON (1/10 Gigabit/s Passive Optical Network).
Vodafone has started modernizing the telecom infrastructure of the fixed-line operator FRINET.
Since May 2025, Vodafone has received and started using the radio frequencies 1940-1945/2130-2135 MHz, which previously belonged to the operator TriMob.
As Ukrainian News Agency earlier reported, in the first quarter of 2025, the mobile operator Vodafone Ukraine (PJSC VF Ukraine, Kyiv) reduced its net profit by 24% to UAH 697 million compared to the same period in 2024.
In March 2020, Vodafone (Great Britain) signed a partnership agreement with the mobile operator Vodafone Ukraine to continue using the Vodafone brand in the work of the Ukrainian company for the next 5 years.
On December 3, 2019, Bakcell (Azerbaijan) completed the transaction to purchase the telecommunications company MTS from the mobile operator Vodafone Ukraine (formerly MTS-Ukraine) for USD 734 million. Bakcell is part of the NEQSOL Holding group of companies, the founder of which is Azerbaijani Nasib Hasanov.
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