Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 80

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 80
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4         |     |        As of 
 December 31, 
         2023 |   |
|:------------------------|:----|:-------------|:----|-------------:|:--|
| Non-current assets      |     |              |     |        1,279 |   |
| Current assets          |     |              |     |          704 |   |
| Net investment          |     |              |     |         (887 | ) |
| Non-current liabilities |     |              |     |         (831 | ) |
| Current liabilities     |     |              |     |         (265 | ) |

| USD in millions                              |     | Year ended   
 December 31, 
 2024         |     |   Year ended 
 December 31, 
         2023 |   |
|:---------------------------------------------|:----|:-------------|:----|-------------:|:--|
| Net cash generated from operating activities |     |              |     |          413 |   |
| Net cash used in investing activities        |     |              |     |         (327 | ) |
| Net cash used in financing activities        |     |              |     |          (88 | ) |
| Net change in cash and cash equivalents      |     |              |     |           (2 | ) |
| Net foreign exchange difference              |     |              |     |           (5 | ) |

16

Non-IFRS Financial Measures

| USD in millions |     | Year ended   
 December 31, 
 2024         |     |   Year ended 
 December 31, 
         2023 |
|:----------------|:----|:-------------|:----|-------------:|
| Adjusted EBITDA |     |              |     |          538 |

We use Adjusted EBITDA, a non -IFRSfinancial measure, to supplement our consolidated financial statements, which are presented in accordance with IFRS. We use Adjusted EBITDA in addition to our results determined in accordance with IFRS in order to evaluate our financial and operating performance, to generate future operating plans and make strategic decisions. We believe that Adjusted EBITDA, when taken collectively with financial measures prepared in accordance with IFRS, may be helpful to investors because it provides an additional tool for investors to use in evaluating our ongoing operating results and trends and in comparing our financial results with other companies operating in similar industries because they provide consistency and comparability with past financial performance.