Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 319

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 319
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 EBITDA |     |      |     |        CAPEX excl 
 licenses and ROU* |     |      |
|          |     |          2024 |     | 2023 |     |            2024 |     | 2023 |     |              2024 |     | 2023 |
| Kyivstar |     |           919 |     |  915 |     |             515 |     |  538 |     |               221 |     |  155 |
| Total    |     |           919 |     |  915 |     |             515 |     |  538 |     |               221 |     |  155 |

____________

* this includes capital expenditures on property, plant and equipment of US$ 237(2023: US$ 207), intangible assets of US$ 94(2023: US$ 50) after deducting additions in licenses of US$ 35(2023: US$ nil) and right

The following table provides the reconciliation of Adjusted EBITDA to Profit before tax for the year ended December 31:

|                                               |     | 2024 |   |     | 2023 |   |
| Total Adjusted EBITDA                         |     |  515 |   |     |  538 |   |
| Depreciation                                  |     | (118 | ) |     | (127 | ) |
| Amortization                                  |     |  (45 | ) |     |  (49 | ) |
| Impairment, net                               |     |   (3 | ) |     |   (1 | ) |
| (Loss)/gain on disposal of non-current assets |     |   (1 | ) |     |    2 |   |
| Finance costs                                 |     |  (82 | ) |     |  (82 | ) |
| Finance income                                |     |   40 |   |     |   35 |   |
| Other non-operating gain/(loss), net          |     |    2 |   |     |   (8 | ) |
| Net foreign exchange gain                     |     |   39 |   |     |   38 |   |
| Profit before tax                             |     |  347 |   |     |  346 |   |

F-59

VEON Holdings B.V.
GENERAL INFORMATION ABOUT THE GROUP

3OPERATING RE