Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 317

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 317
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 driven by a majority of our passive infrastructure sales to UTC being finalized in 2023. 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, driven by interest on the 2025 Bonds and lease interest expenses. 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 -operatingloss, net decreased 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 decrease was driven by an increase in the fair value of the Helsi put option liability 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 the year ended December 31, 2024. Key Performance Indicators and Non-IFRS Financial Measures Non-IFRS Financial Measures We also manage our business by tracking Adjusted EBITDA, Adjusted EBITDA Margin and capital expenditures excluding licenses and rights of use (“Capex excl. licenses and ROU”), which each constitute non -IFRSfinancial measures. We believe these measures are useful