Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 339

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 339
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 the uncertainties that characterize the assumptions and conditions on which the estimates are based. The sources of uncertainty identified by the Group are described together with the applicable Note, as follows:

| Significant accounting judgment/source of estimation uncertainty |     | Described in        |
| Revenue recognition                                              |     | Note 3              |
| Deferred tax assets and uncertain tax positions                  |     | Note 8              |
| Provisions and contingent liabilities                            |     | Note 7              |
| Impairment of non-current assets                                 |     | Note 9              |
| Control over subsidiaries                                        |     | Note 12             |
| Depreciation and amortization of non-current assets              |     | Note 10 and Note 11 |
| Fair value of financial instruments                              |     | Note 14             |
| Sale and lease back transactions                                 |     | Note 10             |
| Measurement of lease liabilities                                 |     | Note 14             |

F-87 VEON Holdings B.V. GENERAL INFORMATION ABOUT THE GROUP 19SIGNIFICANT ACCOUNTING POLICIES (cont.) NEW STANDARDS AND INTERPRETATIONS Adopted in 2024 No new or amended standards or interpretations have been adopted in 2024. The Group has not early adopted any standards, interpretations or amendments that have been issued but have not yet become effective. Adopted in 2023 A number of amended standards became effective as of January 1, 2023, which did not have a material impact on these combined financial statements. The Group has not early adopted any other standards, interpretations or amendments that have been issued but have not yet become effective. Not yet adopted by the Group Certain new accounting standards and interpretations have been published that are not mandatory for December 31, 2024 reporting periods and have not been early adopted by the Group. These standards are not expected to have a material impact on these combined financial statements in current or future reporting periods or on foreseeable future transactions. Amsterdam,
April 2, 2025 VEON Holdings B.V. F-88

VEON Holdings B.V.INTERIM CONDENSED COMBINED INCOME STATEMENT for the six and three -monthperiods ended June 30:

| (In millions of U.S. dollars)                |     | Note |     | Six-month period 
             2025 |   |     | 2024 |   |     | Three-month period 
               2025 |   |     | 2024 |   |
|:---------------------------------------------|: