Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 136

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 136
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 are encouraged to review these measures and their respective reconciliations to the most directly comparable IFRS financial measures included below and to not rely on any single financial measure to evaluate our business. 78

We define Adjusted EBITDA as earnings before interest, tax, depreciation, amortization, impairment, gain/loss on disposals of non -currentassets, listing expense, finance costs, finance income, other non -operatinggains/losses and net foreign exchange gain. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by total operating revenue/revenue. We define Capex excl. licenses and ROU as purchases of property, plant and equipment and intangible assets, after deducting additions in licenses and right -of-useassets. The following table presents the reconciliation of profit for the period to Adjusted EBITDA and purchases of property, plant and equipment to Capex excl. licenses and ROU for the nine months ended September 30, 2025 and 2024 and the years ended December 31, 2024 and 2023:

|                                               |     |      Nine months 
            ended 
    September 30, 
             2025 |   |     |   Nine months 
         ended 
 September 30, 
          2024 |   |     |   Year ended 
 December 31, 
         2024 |   |     |   Year ended 
 December 31, 
         2023 |   |
|:----------------------------------------------|:----|-----------------:|:--|:----|--------------:|:--|:----|-------------:|:--|:----|-------------:|:--|
|                                               |     | -USD in millions |   |     |               |   |     |              |   |     |              |   |
| Profit for the period                         |     |               34 |   |     |           190 |   |     |          283 |   |     |          281 |   |
| Income taxes                                  |     |               53 |   |     |            46 |   |     |           64 |   |     |           65 |   |
| Profit before tax                             |     |               87 |   |     |           236 |   |     |          347 |   |     |          346 |   |
| Net foreign exchange loss/(gain)              |     |               21 |   |     |