Company: KYIV
Filing Date: 2025-06-06
Form Type: 425
Source: 0001213900-25-051743
Chunk: 9

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-06
Form: 425
Chunk 9
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 | 1Q24 |     |     | YoY |      |   |     | 1Q25         |      |     | 1Q24 |     |     | YoY |      |   |
|                         |     | USD mln or % |     |     |      |     |     |     |      |   |     | UAH bln or % |      |     |      |     |     |     |      |   |
| Total operating revenue |     |              | 255 |     |      | 186 |     |     | 37.1 | % |     |              | 10.6 |     |      | 7.1 |     |     | 49.6 | % |
| Profit for the period   |     |              |  44 |     |      |  36 |     |     | 22.2 | % |     |              |  1.8 |     |      | 1.4 |     |     | 33.7 | % |
| Adj. EBITDA1            |     |              | 140 |     |      |  93 |     |     | 50.5 | % |     |              |  5.8 |     |      | 3.6 |     |     | 64.6 | % |

Average UAH/USD exchange rates: 1Q25: 41.7563 UAH/USD; 1Q24: 38.1727
UAH/USD

End-of period UAH/USD exchange rates as of March 31, 2025: 41.4787
UAH/USD; as of March 31, 2024: 39.2214 UAH/USD

| 1 | For more information, see section titled “Presentation                                                                                 
 of Non-IFRS Financial Measures” at the end of this press release, including the reconciliations of non-IFRS measures to IFRS measures. |

“Kyivstar Group continues to deliver exceptional
value to our customers and stakeholders, leveraging our market-leading network and innovative digital services to drive growth,”
said Oleksandr Komarov, CEO of Kyivstar Group. “Our first quarter results reflect the strength of our digital operator strategy,
delivering robust financial growth. In parallel, we continue to invest in strategic opportunities that drive Ukraine’s digital
future, such as the acquisition of U