v3.26.1
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2026
Operating Segments [Abstract]  
Schedule of reportable segments financial information by geography inancial 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:
Telecommunication and
infrastructure ***
Digital
Total Revenue **
Digital financial services *
Other digital services ***
2026
2025
2026
2025
2026
2025
2026
2025
Pakistan
600
519
261
175
104
87
965
781
Ukraine
526
483
141
59
667
542
Kazakhstan
357
325
13
17
68
47
438
389
Uzbekistan
140
127
10
5
16
15
166
147
Bangladesh
205
222
31
6
236
228
HQ, eliminations and Others
23
3
26
Total
1,828
1,699
284
197
360
217
2,472
2,113
Starting first quarter 2026, to conform with management view and presentation, revenues from our enterprise identity and
credentials management services are reported within the other digital services revenue.
* Digital financial services includes interest income of US$162 (2025: US$100) from loans to customers from our banking operations in Pakistan.
** Total revenue includes service revenue of US$2,430 (2025: US$2,095) and revenue from sale of equipment and accessories of US$42 (2025:
US$18).
*** Certain prior period comparatives have been reclassified to conform with the current year presentation.
Selling, General and
Administrative Expenses
Adjusted 
EBITDA
CAPEX
exc. licenses and ROU *
2026
2025
2026
2025
2026
2025
Pakistan
444
370
426
326
103
91
Ukraine
232
183
363
309
137
152
Kazakhstan
162
128
180
195
46
68
Uzbekistan
80
72
61
56
25
37
Bangladesh
107
94
96
126
23
12
HQ, eliminations and Others
58
75
(57)
(53)
2
5
Total
1,083
922
1,069
959
336
365
* This includes additions on property, plant and equipment of US$392 (2025: US$783), intangible assets of US$293 (2025: US$58) after
deducting additions in licenses of US$209 (2025: US$1), right-of-use assets of US$108 (2025: US$454), and additions in the period which were
prepaid of US$32 (2025: US$21).
For the three-month period ended June 30:
Telecommunication and
infrastructure ***
Digital
Total Revenue **
Digital financial services *
Other digital services ***
2026
2025
2026
2025
2026
2025
2026
2025
Pakistan
307
262
139
93
54
40
500
395
Ukraine
267
245
74
40
341
285
Kazakhstan
181
169
6
9
39
24
226
202
Uzbekistan
71
64
4
2
9
8
84
74
Bangladesh
103
113
17
4
120
117
HQ, eliminations and Others
11
3
14
Total
929
864
149
104
193
119
1,271
1,087
Starting first quarter 2026, to conform with management view and presentation, revenues from our enterprise identity and
credentials management services are reported within the other digital services revenue.
* Digital financial services includes interest income of US$84 (2025: US$48) from loans to customers from our banking operations in Pakistan.
** Total revenue includes service revenue of US$1,251 (2025: US$1,075) and revenue from sale of equipment and accessories of US$20 (2025:
US$12).
*** Certain prior period comparatives have been reclassified to conform with the current year presentation.
Schedule of segment adjusted EBITDA and capital expenditures by geography
Selling, General and
Administrative Expenses
Adjusted 
EBITDA
CAPEX
exc. licenses and ROU *
2026
2025
2026
2025
2026
2025
Pakistan
234
188
216
164
71
57
Ukraine
114
93
189
166
66
95
Kazakhstan
84
66
89
100
28
44
Uzbekistan
40
37
31
29
17
28
Bangladesh
54
40
49
88
14
5
HQ, eliminations and Others
24
40
(22)
(27)
2
3
Total
550
464
552
520
198
232
* This includes additions on property, plant and equipment of US$208 (2025: US$604), intangible assets of US$41 (2025: US$39) after deducting
additions in right-of-use assets of US$41 (2025: US$407), right-of-use assets of nil (2025: US$1)and additions in the period which were prepaid
of US$10 (2025: US$3).
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 for the period for the six and three-month
periods ended June 30:
Six-month period
Three-month period
2026
2025
2026
2025
Total Adjusted EBITDA
1,069
959
552
520
Adjustments to reconcile Total Adjusted EBITDA to Profit for the period
Income taxes
(120)
(86)
(60)
(74)
Net foreign exchange gain/ (loss)
13
(52)
(2)
(22)
Other non-operating (loss)/ gain, net
(16)
31
(10)
1
Finance income
48
20
30
10
Finance costs
(317)
(246)
(167)
(127)
Gain on disposal of subsidiaries, net
19
497
19
497
Gain on disposal of non-current assets
5
5
Impairment loss
(4)
(3)
(2)
(1)
Amortization
(125)
(114)
(66)
(54)
Depreciation
(309)
(280)
(159)
(142)
Profit for the period
263
726
140
608