Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 133

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 133
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BITDA, Adjusted EBITDA Margin and Capex excl. licenses and ROU are non -IFRSfinancial measures that are used by our management to measure and evaluate our internal operating performance. The components of Adjusted EBITDA include the key revenue and expense items for which our operating managers are responsible and upon which their performance is evaluated. However, a limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenue or the need to replace capital equipment over time.

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The components of Capex excl. licenses and ROU include core capital expenditures. However, a limitation of the use of Capex excl. licenses and ROU as a performance measure is that it does not capture long -livedassets acquired in business combinations. We may incur future expenses similar to those excluded when calculating Adjusted EBITDA, Adjusted EBITDA Margin and Capex excl. licenses and ROU. In addition, our presentation of these measures should not be construed as an inference that our future results will not be affected by unusual or non -recurringitems. Key Performance Indicators

|                                    |     |   |   Nine months 
         ended 
 September 30, 
          2025 |     |   |   Nine months 
         ended 
 September 30, 
          2024 |     |   |   Year ended 
 December 31, 
         2024 |     |   |   Year ended 
 December 31, 
         2023 |
|:-----------------------------------|:----|:--|--------------:|:----|:--|--------------:|:----|:--|-------------:|:----|:--|-------------:|
| Doubleplay 4G customers            |     |   |     6,394,661 |     |   |     6,392,075 |     |   |    5,596,753 |     |   |    7,042,184 |
| Mobile ARPU                        |     | $ |          3.50 |     | $ |          2.90 |     | $ |         3.00 |     | $ |         2.90 |
| Mobile customers                   |     |   |    22,479,018 |     |   |    23,326,442 |     |   |   23,009,719 |     |   |