Kyivstar Group Ltd. (KYIV) Balance Sheet

NASDAQ: KYIVAssets, liabilities, debt and equity over 4 years.

KYIV balance sheet, 2025

December 31, 2025 · U.S. dollars

$2.12B assets = $823.0M liabilities + $1.30B equity

What it owns$2.12BCash & ST investments: $455.0M (21.4%)Cash & ST investments$455.0M · 21%Receivables: $91.0M (4.3%)Inventory: $15.0M (0.7%)Other current: $125.0M (5.9%)Other current $125.0MPP&E: $849.0M (40.0%)PP&E$849.0M · 40%Goodwill & intangibles: $491.0M (23.1%)Goodwill & intangibles$491.0M · 23%LT investments: $23.0M (1.1%)Other non-current: $73.0M (3.4%)=How it is financed$2.12BCurrent liabilities: $498.0M (23.5%)Current liabilities$498.0M · 23%Long-term debt: $287.0M (13.5%)Long-term debt$287.0M · 14%Other LT liabilities: $38.0M (1.8%)Shareholders’ equity: $1.30B (61.2%)Shareholders’ equity$1.30B · 61%

Both columns are drawn to the same scale: what KYIV owns equals what it owes plus shareholders’ equity. Hover a block for its value.

KYIV financial health

Current ratio1.38
Adequate · current assets cover current liabilities 1.38×
Debt / equity0.40
Low leverage · $0.40 of debt for each $1 of equity
Equity / assets61.2%
Equity-funded · of assets funded by shareholders
Cash / debt88.2%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles23.1%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

KYIV balance sheet trends, 2022–2025

MetricTrendThenLatestChange
Total assets$181,9622022$2.12B2025+2,167.7%/yr
Total liabilities$223,8412022$823.0M2025+1,443.4%/yr
Shareholders’ equity−$41,8792022$1.30B2025—
Cash & short-term investments$1002022$455.0M2025+16,470.6%/yr
Total debt$93,1492022$516.0M2025+1,669.4%/yr
Net cash (debt)−$93,0492022−$61.0M2025−$60.9M
Working capital−$223,7412022$188.0M2025+$188.2M
Book value per share−$0.002022$6.012025—
Current ratio0.0020221.382025+1.38
Debt / equity1.0120230.402025−0.62
Shares outstanding230.9M2022216.1M2025−2.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

KYIV assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

KYIV liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

KYIV debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

KYIV balance sheet

2025202420232022
Assets
Cash & short-term investments$455.0M$467.0M$294.0M$100
Cash & equivalents$455.0M$429.0M$143.0M$100
Short-term investments$0$38.0M$151.0M—
Receivables$91.0M$403.0M$55.0M$0
Inventory$15.0M$3.0M$4.0M$0
Other current assets$125.0M$335.0M$351.0M$0
Total current assets$686.0M$1.21B$704.0M$100
Property, plant & equipment (net)$849.0M$664.0M$615.0M$0
Goodwill & intangible assets$491.0M$297.0M$272.0M$0
Long-term investments$23.0M$10.0M$11.0M$0
Other non-current assets$73.0M$30.0M$381.0M$181,862
Total assets$2.12B$2.21B$1.98B$181,962
Liabilities
Accounts payable$141.0M$132.0M$120.0M—
Short-term debt$229.0M$669.0M$83.0M$93,149
Deferred revenue$67.0M$33.0M$26.0M—
Total current liabilities$498.0M$887.0M$265.0M$223,841
Long-term debt$287.0M$225.0M$815.0M$0
Other long-term liabilities$38.0M$17.0M$16.0M$0
Total liabilities$823.0M$1.13B$1.10B$223,841
Shareholders' equity
Common stock & paid-in capital$2.0M$2.0M—$791
Retained earnings (deficit)$965.0M$1.01B—−$66,879
Accumulated other comprehensive income−$2.07B−$2.08B−$1.99B—
Total shareholders' equity$1.30B$1.08B$887.0M−$41,879
Key figures
Total debt$516.0M$894.0M$898.0M$93,149
Net cash (debt)−$61.0M−$427.0M−$604.0M−$93,049
Working capital$188.0M$321.0M$439.0M−$223,741
Tangible book value$808.0M$783.0M$615.0M−$41,879
Book value per share$6.01$4.68$3.84−$0.00
Shares outstanding216.1M230.9M230.9M230.9M
Current ratio1.381.362.660.00
Quick ratio1.100.981.320.00
Debt / equity0.400.831.01—
Equity / assets61.2%48.9%44.7%−23.0%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 16, 2026); data from EODHD.

KYIV financial position

At the end of fiscal 2025 (December 31, 2025), Kyivstar Group Ltd. had total assets of $2.1 billion (down 3.9% from a year earlier), total liabilities of $823.0 million and shareholders' equity of $1.3 billion. It held $455.0 million in cash and short-term investments against $516.0 million of debt, net debt of $61.0 million. Its current ratio was 1.38. In the latest quarter (ended June 30, 2026) total assets were $2.3 billion and equity $1.4 billion.

Related: KYIV income statement, KYIV cash flow statement, KYIV key metrics. See the KYIV stock overview for the latest quote and news.

KYIV balance sheet FAQ

What are Kyivstar Group Ltd.'s total assets?

Kyivstar Group Ltd. reported total assets of $2.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.2 billion a year earlier.

How much debt does Kyivstar Group Ltd. have?

Kyivstar Group Ltd. had $516.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.40.

How much cash does Kyivstar Group Ltd. have?

Kyivstar Group Ltd. held $455.0 million in cash and short-term investments at the end of fiscal 2025; with $516.0 million of debt that is net debt of $61.0 million.

What is Kyivstar Group Ltd.'s book value?

Kyivstar Group Ltd.'s shareholders' equity (book value) was $1.3 billion at the end of fiscal 2025, or $6.01 per share.

What is Kyivstar Group Ltd.'s current ratio?

Kyivstar Group Ltd. had current assets of $686.0 million and current liabilities of $498.0 million, a current ratio of 1.38 (it can cover its short-term obligations).

How much goodwill does Kyivstar Group Ltd. have?

Kyivstar Group Ltd. carried $491.0 million of goodwill and intangible assets, 23.1% of total assets, at the end of fiscal 2025.

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