Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 503

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 503
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ENSED FINANCIAL STATEMENTS
MARCH 31, 2025 (Unaudited) NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (cont.)

| Basic and diluted net income (loss) per common share  
 Numerator:                                            |     | For the Three Months Ended March 31, 
 2025                                 
 Class A                              
 redeemable                           |            |     | Class A    
 and B non- 
 redeemable |           |     | 2024    
 Class A |   |     | Class B |           |   |
|:------------------------------------------------------|:----|:-------------------------------------|-----------:|:----|:-----------|----------:|:----|:--------|:--|:----|:--------|----------:|:--|
| Allocation of net income (loss)                       |     | $                                    |    173,732 |     | $          |    65,112 |     | $       | — |     | $       |    (5,168 | ) |
| Denominator:                                          |     |                                      |            |     |            |           |     |         |   |     |         |           |   |
| Basic and diluted weighted average shares outstanding |     |                                      | 23,000,000 |     |            | 8,620,000 |     |         | — |     |         | 6,900,000 |   |
| Basic and diluted net income (loss) per common share  |     | $                                    |       0.01 |     | $          |      0.01 |     | $       | — |     | $       |     (0.00 | ) |

Recent Accounting Standards In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023 -07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280