Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 130

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 130
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 swap run (accelerated depreciation) and gradual increase of CAPEX. Amortization Amortization increased by $7 million, or 31.8%, from $22 million for the six months ended June 30, 2024 to $29 million for the six months ended June 30, 2025. This increase was driven by the acquisition of additional frequencies and software and the recognition of new intangible assets from Uklon in the amount of $1.9 million. Impairment, net Impairment, net increased by $2 million, or 100.0%, from $2 million for the six months ended June 30, 2024 to $4 million for the six months ended June 30, 2025. This increase was driven by an increase in obsolete equipment and war -relatedimpairments, including occupied territories and destroyed assets. Operating profit Operating profit increased by $57 million, or 38.3%, from $149 million for the six months ended June 30, 2024 to $206 million for the six months ended June 30, 2025. This increase was driven by an increase in total operating revenue and the consolidation of revenue from Uklon in the amount of $22 million, contributing approximately 14.8 percentage points to our 38.3% period -to -periodincrease in operating profit. Finance costs Finance costs decreased by $3 million, or 7.1%, from $42 million for the six months ended June 30, 2024 to $39 million for the six months ended June 30, 2025. This decrease was due to lower interest expense as the April 2025 and June 2025 Bonds were repaid in April and June 2025, respectively. Finance income Finance income decreased by $5 million, or 31.3%, from $16 million for the six months ended June 30, 2024 to $11 million for the six months ended June 30, 2025. This decrease was driven by a decrease in deposit income and a decrease in interest received on the loan provided to VEON Amsterdam. Other non-operating gain / (loss), net Other non -operatinggain/(loss), net decreased by $5 million, or 500.0%, from a gain of $1 million for the six months ended June 30, 2024 to a loss of $4 million for the six months ended June 30, 2025. This decrease