Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 403

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 403
---
                 — |   |     |           (195 | ) |
| Loan Note Payable – VEON Amsterdam B.V.                      |     |                (56 | ) |     |              — |   |     |                 — |   |     |              — |   |
| Financial liabilities payable to LLC “Ukraine Tower Company” |     |                  — |   |     |             (5 | ) |     |                 — |   |     |              — |   |
| Other current liabilities – VEON Ltd.                        |     |                (28 | ) |     |              — |   |     |                 — |   |     |              — |   |
|                                                              |     |                (98 | ) |     |           (246 | ) |     |                (8 | ) |     |           (201 | ) |

12RISKS, COMMITMENTS, CONTINGENCIES AND UNCERTAINTIES Other than disclosed below and elsewhere in these interim condensed consolidated financial statements, there were no material changes to risks, commitments, contingencies and uncertainties that occurred during the nine -monthperiod ended September 30, 2025. As of September 30, 2025, the Company has potential tax exposures for which no provision is recognized under IAS37, totaling US$53. The Company does not expect any liability or other financial impact (e.g. regarding recoverability of certain receivables) arising from these contingencies and uncertainties to have a material effect on the results of operations, liquidity, capital resources or financial position of the Company. Furthermore, the Company believes it has provided for all probable liabilities. 13EVENTS AFTER THE REPORTING PERIOD Settlement of Insurance Claim In October 2025 the Company received insurance compensation in the total amount of US$11 pursuant to the settlement agreement with the insurer. The settlement relates to the Group’s insurance claim under its voluntary property and business interruption insurance policy, covering damages and business interruption losses incurred as a result of the full -scaleinvasion of Ukraine in February 2022. The amount received will be recognized as an income in the period of receipt.

F-154 Kyivstar Group Ltd. Notes to the interim condensed consolidated financial statements (in millions of U.S. dollars unless otherwise stated) 14NEW STANDARDS, INTERPRETATIONS AND AMENDMENTS ADOPTED BY THE GROUP The accounting policies adopted in the preparation of these unaudited interim condensed consolidated financial statements are consistent with those followed in the preparation of the VE