v3.25.2
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2025
Operating Segments [Abstract]  
Schedule of reportable segments financial information by geography Financial information by reportable segment for the six and three-month periods ended June 30, is presented in the following
tables. Inter-segment transactions are not material and are made on terms which are comparable to transactions with third
parties.
For the six-month period ended June 30:
Service revenue
Sale of equipment
and accessories
Other revenue
Total Revenue
Mobile
Fixed
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
Pakistan
702
597
12
13
2
5
65
53
781
668
Ukraine
508
394
28
25
6
5
542
424
Kazakhstan
328
343
39
83
14
6
8
7
389
439
Uzbekistan
146
133
1
147
133
Bangladesh
225
279
3
3
228
282
Others
25
27
1
26
27
HQ and eliminations
(2)
(2)
1
(1)
(4)
Total
1,934
1,771
79
119
18
11
82
68
2,113
1,969
Selling, General and
Administrative Expenses *
Adjusted 
EBITDA
CAPEX
exc. licenses and ROU **
2025
2024
2025
2024
2025
2024
Pakistan
370
301
326
301
91
71
Ukraine
183
142
309
235
152
85
Kazakhstan
128
131
195
243
68
50
Uzbekistan
72
72
56
48
37
57
Bangladesh
94
137
126
96
12
35
Others
12
14
9
9
3
7
HQ and eliminations
63
86
(62)
(86)
2
(2)
Total
922
883
959
846
365
303
* Upon adoption of IFRIC agenda decision in July 2024, on the disclosure of revenues and expenses for reportable segments related to
application of requirements of IFRS 8, the Company has included Selling, general and administrative expenses by reportable segment, including
comparative information.
** This includes additions on property, plant and equipment of US$800 (2024: US$361), intangible assets of US$58 (2024: US$38) after
deducting additions in licenses of US$1 (2024: US$0), right-of-use assets of US$471 (2024: US$96), and additions in the period which were
prepaid of US$21 (2024: nil).
For the three-month period ended June 30:
Service revenue
Sale of equipment
and accessories
Other revenue
Total Revenue
Mobile
Fixed
2025
2024
2025
2024
2025
2024
2025
2024
2025
2024
Pakistan
355
312
6
7
1
3
33
26
395
348
Ukraine
268
220
14
14
3
3
285
237
Kazakhstan
167
176
21
42
10
3
4
5
202
226
Uzbekistan
73
67
1
74
67
Bangladesh
115
140
2
2
117
142
Others
13
13
1
14
13
HQ and eliminations
1
(2)
(2)
(1)
(2)
(6)
Total
992
926
41
61
12
6
42
34
1,087
1,027
Schedule of segment adjusted EBITDA and capital expenditures by geography
Selling, General and
Administrative Expenses *
Adjusted 
EBITDA
CAPEX
exc. licenses and ROU **
2025
2024
2025
2024
2025
2024
Pakistan
188
156
164
158
57
52
Ukraine
93
73
166
140
95
57
Kazakhstan
66
67
100
125
44
30
Uzbekistan
37
36
29
24
28
17
Bangladesh
40
63
88
52
5
21
Others
6
7
5
4
1
5
HQ and eliminations
34
44
(32)
(43)
2
(2)
Total
464
446
520
460
232
180
* Upon adoption of IFRIC agenda decision in July 2024, on the disclosure of revenues and expenses for reportable segments related to
application of requirements of IFRS 8, the Company has included Selling, general and administrative expenses by reportable segment, including
comparative information.
** This includes additions on property, plant and equipment of US$607 (2024: US$210), intangible assets of US$39 (2024: US$24) after
deducting additions in right-of-use assets of US$411 (2024: US$54), and additions in the period which were prepaid of US$3 (2024: nil).
Schedule of segments reconciliation of consolidated Adjusted EBITDA to Profit / (loss) before tax The following table provides the reconciliation of Total Adjusted EBITDA to Profit before tax for the six and three-month periods
ended June 30:
Six-month period
Three-month period
2025
2024
2025
2024
Total Adjusted EBITDA
959
846
520
460
Adjustments to reconcile Total Adjusted EBITDA to Profit before tax
Net foreign exchange loss
(52)
(12)
(22)
(36)
Other non-operating gain, net
31
21
1
6
Finance income
20
22
10
11
Finance costs
(246)
(249)
(127)
(117)
Gain on disposal of subsidiaries, net
497
497
Loss on disposal of non-current assets
(1)
(1)
Impairment loss
(3)
(2)
(1)
(1)
Amortization
(114)
(100)
(54)
(50)
Depreciation
(280)
(264)
(142)
(130)
Profit before tax
812
261
682
142