Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 324

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 324
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 December31, 2023. (Loss)/gain on disposal of non-current assets Gain on disposal of non -currentassets decreased by $3million, or 150.0%, from a gain of $2 million for the year ended December 31, 2023 to a loss of $1million for the year ended December 31, 2024. This decrease was driven by gains related to passive infrastructure sales to UTC finalized in 2023, and acquisitions of U.S. dollar currencies in the open market in 2024. Operating profit Operating profit decreased by $15million, or 4.1%, from $363 million for the year ended December 31, 2023 to $348million for the year ended December 31, 2024. This decrease was driven by the factors described above. Finance costs Finance costs remained at $82 million for the years ended December 31, 2023 and 2024. 170 Finance income Finance income increased by $5million, or 14.3%, from $35 million for the year ended December 31, 2023 to $40million for the year ended December 31, 2024. This increase was driven by a significant increase in investments in government bonds in 2024. Other non-operating gain/( loss), net Other non -operatinggain/(loss), net increased by $10million, or 125.0%, from a loss of $8 million for the year ended December 31, 2023 to a gain of $2million for the year ended December 31, 2024. This increase was driven by a revaluation of the Helsi put option liability ($3million decrease) and a decrease in losses on purchase and sale of foreign currency for purchase of government bonds. Net foreign exchange gain Net foreign exchange gain increased by $1million, or 2.6%, from $38 million for the year ended December 31, 2023 to $39million for the year ended December 31, 2024. Profit before tax Profit before tax increased by $1million, or 0.3%, from $346 million for the year ended December 31, 2023 to $347million for the year ended December 31, 2024. This increase was driven by the factors described above. Income taxes Income taxes decreased by $1million, or 1.5%, from $65 million for the year ended December 31, 2023 to $64million for