Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 270

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 270
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 performance and year -on -yeargrowth by managing currency risk, capital allocation, cost management and preserving value to generate positive returns for shareholders. Our financial profile is supported by the ongoing demand for our services, which is driven by our leading market position and evidenced by an increase in our profit for the period from $281 million for the year ended December 31, 2023 to $ million for the year ended December 31, 2024. Over the same period, Adjusted EBITDA also increased from $538 million to $ million. In addition, our margins have remained strong despite the war, with a % profit margin and a % Adjusted EBITDA Margin for the year ended December 31, 2024. We have also established a value preservation program to prevent the deterioration of liquid assets in hard currency equivalents, known as Secured Liquid Yield. This program focuses on well -definedinvestment areas, prioritizing initiatives that create value for shareholders while following strict guidelines for spending on M&A. As of December 31, 2024, our cash and cash equivalents were $, reflecting our financial and strategic flexibility. In addition, our growth has been strengthened by our capital expenditure program, which has enabled us to expand our geographic footprint, enhance operational efficiencies and serve a growing customer base. For the year ended December 31, 2024, our capital expenditure totaled UAHbillion ($million). We intend to pursue additional acquisitions and make targeted capital expenditures over the next few years, focusing on expanding our network infrastructure, enhancing service capabilities and supporting long -termgrowth in our core and adjacent markets. War-related impacts addressed with effective mitigation measures Since 2022, we have developed a more resilient network, with a strategic plan to address future disruptions, and we believe are well positioned for growth as the Ukrainian economy recovers, leveraging our loyal customer base and substantial growth potential in Ukraine’s post -wareconomic development. In response to the unprecedented and continuous risks arising from the war in Ukraine, we developed a comprehensive response plan to manage operations focused on preserving the safety of our employees, maintaining our infrastructure and retaining our market share. To repair existing infrastructure and prepare for potential further attacks, we invested approximately UAH 1.1 billion ($27 million) in the year ended December 31, 2024 in infrastructure reconstruction and have implemented a range of pre -emptivemeasures, including battery replacements, site backup extensions, diesel generator installations, network redundancy measures and power -resilienttechnology installations. Additionally, our “Roam