Vodafone Ukraine Group maintained business stability in the first quarter of 2026 and continued to invest in the development and maintenance of the country’s telecommunications infrastructure. The company demonstrates operational resilience and focuses on improving service quality and network energy independence.

Financial and operational results

In the first quarter of 2026, Vodafone continued to demonstrate stable dynamics of key financial indicators amid challenging macroeconomic conditions. Following the results of the first quarter of 2026, Vodafone increased revenue by 11% to UAH 7.3 billion.
Key factors remain the growth in data service consumption, the development of the fixed business, and increased revenues from sales of equipment and other services.

The company maintains a stable level of margin despite cost pressures, in particular expenses for ensuring network energy resilience, which remain significant. OIBDA increased by 4% to UAH 3.49 billion. The OIBDA margin amounted to 47.8% (-2.9 pp compared to Q1 2025), reflecting the impact of rising costs, in particular: electricity and network energy resilience costs, personnel expenses, and increased rent fees for radio frequency spectrum.
The Group’s net profit increased by 12% to UAH 778 million. Profit growth was driven, in particular, by improved operating performance and effective management of the debt portfolio and interest expenses.

Operational indicators

Average revenue per user (ARPU) in Q1 2026 increased by 13% – to UAH 145.2 per month. Vodafone’s subscriber base remains relatively stable, while the company continues to record growth in the number of contract connections.

Investments in network resilience and development

Vodafone continues to invest in the development of telecommunications infrastructure, paying special attention to energy independence and network restoration. The volume of investments remains stable – in the first quarter of 2026 investments amounted to UAH 1.55 billion (-2% year-on-year).

Key investment areas:

• enhancing infrastructure energy resilience (ensuring backup power supply, expanding the use of generators and batteries);
• development and modernization of the mobile network, including expansion of 4G coverage;
• development of fixed internet access based on modern technologies (GPON);
• preparation of infrastructure for the deployment of new generations of communication, including 5G