v3.26.1
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
Summary of reportable segments financial information
Financial information by reportable segment for the periods ended December 31 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.
Total revenueSelling, General and
Administrative Expenses *
Adjusted EBITDACAPEX excl licenses and ROU **

202520242023202520242023202520242023202520242023
Pakistan1,624 1,382 1,119 737 650 506 712 584 502 208 193 130 
Ukraine1,164 925 919 397 307 283 650 518 541 391 247 169 
Kazakhstan816 854 774 266 142 131 408 442 421 201 179 165 
Bangladesh460 520 570 192 246 261 226 180 214 39 69 105 
Uzbekistan308 273 268 151 273 239 115 100 112 81 115 65 
HQ, eliminations and Others27 50 48 140 181 226 (101)(133)(178)15 15 
Total4,399 4,004 3,698 1,883 1,799 1,646 2,010 1,691 1,612 926 818 649 
* 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 capital expenditures on property, plant and equipment of US$1,309 (2024: US$867), intangible assets of US$149 (2024: US$167) and advances for assets not yet transferred of US$9 (2024: nil) after deducting additions in licenses of US$1 (2024: US$35), right-of-use assets of US$540 (2024: US$181).
Summary of segments reconciliation of consolidated Adjusted EBITDA to consolidated income statement before tax
The following table provides the reconciliation of Total Adjusted EBITDA to Profit before tax from continuing operations to for the years ended December 31:
202520242023
Total Adjusted EBITDA2,0101,691 1,612 
Net foreign exchange (loss) / gain(41)81 
Other non-operating (loss) / gain, net(130)31 20 
Finance income52 49 60 
Finance costs(535)(495)(531)
Gain on disposal of subsidiaries400 145 — 
Gain on disposal of non-current assets46 
Impairment (loss) / reversal, net(9)(3)
Amortization(224)(199)(208)
Depreciation(578)(529)(527)
Listing expense(162)— — 
Profit before tax from continuing operations785 704 559