Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 335

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 335
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airment, net Impairment, net increased by $1 million, or 100.0%, from $1 million for the three months ended March 31, 2024 to $2 million for the three months ended March 31, 2025. This increase was driven by an increase in obsolete equipment. Operating profit Operating profit increased by $45 million, or 91.8%, from $49 million for the three months ended March 31, 2024 to $94 million for the three months ended March 31, 2025. This increase was driven by an increase in total operating revenue and a decrease in operating costs. Finance costs Finance costs remained at $21 million for the three months ended March 31, 2024 and 2025. Finance income Finance income decreased by $1 million, or 12.5%, from $8 million for the three months ended March 31, 2024 to $7 million for the three months ended March 31, 2025. This decrease was driven by a decrease in deposit income. 169

Other non-operating gain / (loss), net Other non -operatinggain/(loss), net decreased by $2 million, or 200.0%, from a gain of $1 million for the three months ended March 31, 2024 to a loss of $1 million for the three months ended March 31, 2025. This decrease was driven by increased purchases of U.S. dollars on the open market. Net foreign exchange gain / (loss) Net foreign exchange gain/(loss) decreased by $29 million, or 362.5%, from a gain of $8 million for the three months ended March 31, 2024 to a loss of $21 million for the three months ended March 31, 2025. This decrease was driven by local currency devaluation in the three months ended March 31, 2025. Profit before tax Profit before tax increased by $13 million, or 28.9%, from $45 million for the three months ended March 31, 2024 to $58 million for the three months ended March 31, 2025. This increase was driven by an increase in total operating revenue and a decrease in operating costs. Income taxes Income taxes increased by $5 million, or 55.6%, from $9 million for the three months ended March 31, 2024 to $14 million for the three months ended March 31,