Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 88

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 88
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 |     |         (132 | ) |     |         (327 | ) |
| Net cash used in financing activities        |     |          (30 | ) |     |           (7 | ) |     |          (37 | ) |     |          (88 | ) |
| Net change in cash and cash equivalents      |     |           34 |   |     |          (27 | ) |     |          261 |   |     |           (2 | ) |
| Net foreign exchange difference              |     |            4 |   |     |           (3 | ) |     |          (12 | ) |     |           (5 | ) |

Non-IFRS Financial Measures

| USD in millions |     | Three months 
        ended 
    March 31, 
         2025 |     | Three months 
        ended 
    March 31, 
         2024 |     |   Year ended 
 December 31, 
         2024 |     |   Year ended 
 December 31, 
         2023 |
|:----------------|:----|-------------:|:----|-------------:|:----|-------------:|:----|-------------:|
| Adjusted EBITDA |     |          140 |     |           93 |     |          515 |     |          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. Our computation of Adjusted EBITDA may not be comparable to other similarly entitled measures computed by other companies, including VEON. For additional information about Adjusted EBITDA, including a reconciliation of Adjusted EBITDA to the most directly comparable IFRS measure, see “ Kyivstar Management’s Discussion and Analysis of Financial Condition and Results of Operations — Key Performance Indicators and Non -IFRS Financial Measures.” Summary Historical Consolidated