Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 129

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 129
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2025. Operating profit Operating profit decreased by $88 million, or 35.5%, from $248 million for the nine months ended September 30, 2024 to $160 million for the nine months ended September 30, 2025. This decrease was primarily due to the one time listing expense incurred in the nine months ended September30, 2025. Excluding the effect of the listing expense, operating profits would have significantly increased, driven by an increase in total operating revenue and the consolidation of revenue from Uklon. Finance costs Finance costs decreased by $5 million, or 8.1%, from $62 million for the nine months ended September 30, 2024 to $57 million for the nine months ended September 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 $13 million, or 50.0%, from $26 million for the nine months ended September 30, 2024 to $13 million for the nine months ended September 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 (loss)/gain , net Other non -operating(loss)/gain, net decreased by $8 million from nil for the nine months ended September 30, 2024 to a loss of $8 million for the nine months ended September 30, 2025. This decrease was driven by increased purchases of U.S. dollars on the open market. Net foreign exchange (loss)/gain, net Net foreign exchange (loss)/gain, net decreased by $45 million, from a gain of $24 million for the nine months ended September 30, 2024 to a loss of $21 million for the nine months ended September 30, 2025. This decrease was driven by local currency devaluation in the nine months ended September 30, 2025. 75

Profit before tax Profit before tax decreased by $149 million, or 63.1%, from $236 million for the nine months ended September 30, 2024 to $87 million for the nine months ended September 30, 2025. This decrease was primarily due to the one time listing expense incurred in the nine months ended September30, 2025. Excluding the effect of the listing