v3.26.1
FINANCIAL RISK MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of risk management strategy related to hedge accounting [abstract]  
Schedule of sensitivity analysis
The following table demonstrates the sensitivity to a possible change in exchange rates against the U.S. dollar with all other variables held constant. Additional sensitivity changes to the indicated currencies are expected to be approximately proportionate. The table shows the effect on the Company’s profit before tax (due to changes in the value of monetary assets and liabilities, including foreign currency derivatives). The Company’s exposure to foreign currency changes for all other currencies (including Kazak Tenge) is not material.
Effect on profit/(loss) before tax
Change in foreign exchange rate against US$
10% depreciation
10% appreciation
2025
Russian Ruble1(2)
Bangladeshi Taka(24)26
Pakistani Rupee(3)3
Ukrainian Hryvnia15(17)
Kazakhstan Tenge(4)5
Other currencies (net) *26(28)
2024
Russian Ruble8(9)
Bangladeshi Taka(3)4
Pakistani Rupee(3)3
Ukrainian Hryvnia33(36)
Kazakhstan Tenge(4)4
Other currencies (net) *1(2)
*Other currencies (net) includes the impact of Uzbekistan Som, Swiss Francs and UAE Dirhams.
Schedule of available facilities for liquidity risk
The Company had the following available facilities as of December 31:
Amounts in millions of transactional currencyUS$ equivalent amounts
Final availability periodFacility amountUtilizedAvailableFacility amountUtilizedAvailable
2025
KaR-Tel - Term FacilityDec 2026KZT 29,500KZT 22,000KZT 7,500594415
KaR-Tel - Term FacilityOct 2026KZT 51,000KZT 15,000KZT 36,0001023072
KZT 43,50087
Amounts in millions of transactional currencyUS$ equivalent amounts
Final availability periodFacility amountUtilizedAvailableFacility amountUtilizedAvailable
2024
Pakistan Mobile Communications Limited - Term FacilityMay 2026PKR75,000PKR64,800PKR10,20027023337
Schedule of maturity analysis of financial liabilities
The table below summarizes the maturity profile of the Group’s financial liabilities based on contractual undiscounted payments. Payments related to variable interest rate financial liabilities and derivatives are included based on the interest rates and foreign currency exchange rates applicable as of December 31, 2025 and 2024, respectively. The total amounts in the table differ from the carrying amounts as stated in Note 17 as the below table includes both undiscounted principal amounts and interest while the carrying amounts are measured using the effective interest rate method. Customer deposits from our banking operations in Pakistan included in Trade and other payables, consists of a high number of individual customers with low-value exposures and do not carry any concentration risk.
Less than 1 year
1-3 years
3-5 years
More than 5 years
Total
As of December 31, 2025
Bank loans and bonds746 1,986 663 441 3,836 
Lease liabilities288 905 746 1,307 3,246 
Trade and other payables1,442 — — — 1,442 
Other financial liabilities81 80 29 15 205 
Total financial liabilities2,557 2,971 1,438 1,763 8,729 
Less than 1 year
1-3 years
3-5 years
More than 5 years
Total
As of December 31, 2024
Bank loans and bonds1,472 1,779 354 426 4,031 
Lease liabilities173 581 427 494 1,675 
Trade and other payables1,276 — — — 1,276 
Other financial liabilities86 159 37 41 323 
Total financial liabilities3,007 2,519 818 961 7,305