«Вымпелком» Boosts Profit 1.5x in Q2 2026
For the first half of 2026, total revenue amounted to 176.1 billion rubles (+11.4%), service revenue was 167.7 billion rubles (+12.6%), EBITDA was 69.4 billion rubles (+0.2%), and EBITDA profitability was 39.4% (-4.4 percentage points).
Consensus
- «Вымпелком»'s net profit increased by 1.5 times year-on-year in the second quarter.
- Revenue from operating activities rose by 11% in the second quarter.
- Service revenue increased by 11.8% in the second quarter.
- EBITDA declined by 2.9% in the second quarter.
- Net debt to EBITDA ratio decreased to 2.4 by June 30, 2026.
- Capital expenditures fell by 20.6% in the second quarter.
- The number of base stations increased by 10.5% in the second quarter.
- Data traffic volume rose to 2.5 petabytes in the second quarter.
- The company blocked 220 million fraudulent and spam calls in the second quarter.
- Unwanted calls decreased by 2.5 times in the second quarter.
- The company reported growth across all business segments: retail, corporate, mobile, fixed, and cloud services.
- The company did not use external borrowings for its investment program.
Points of divergence
- EBITDA margin fell to 39.1% in the second quarter, down from 43.8% in the same period of the previous year. — kommersant
- EBITDA margin declined by 5.6 percentage points to 39.1%. — vedomosti
- Capital expenditures in the first half of 2026 decreased by 19% to 34 billion rubles. — kommersant
- Capital expenditures in the first half of 2016 decreased by 19% to 19.3% of revenue. — vedomosti
- The company cited increased spending on service quality as the reason for EBITDA decline. — kommersant
- The company attributed growth to all business segments, including retail and corporate services. — vedomosti
- The company stated that current capital expenditure dynamics reflect operational plans and changes in delivery schedules of investment projects compared to 2025. — kommersant
- The company noted that the average weighted interest rate on debt was 11.19%, below the Central Bank's key rate. — vedomosti
Coverage (3 sources)
- RSCB increased net profit by IFRS by 23% in the first half of the year to 48.6 billion rubles — Интерфакс
- «Vympelkom» increased net profit by 1.5 times in the second quarter — Коммерсантъ
- Revenue of Vympelcom grew by 11% in the second quarter — Ведомости