Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 131

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 131
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 was driven by increased purchases of U.S. dollars on the open market. Net foreign exchange gain / (loss) Net foreign exchange gain/(loss) decreased by $23 million, or 230%, from a gain of $10 million for the six months ended June 30, 2024 to a loss of $13 million for the six months ended June 30, 2025. This decrease was driven by local currency devaluation in the six months ended June 30, 2025. Profit before tax Profit before tax increased by $27 million, or 20.1%, from $134 million for the six months ended June 30, 2024 to $161 million for the six months ended June 30, 2025. This increase was driven by an increase in total operating revenue and the consolidation of revenue from Uklon in the amount of $22 million, contributing approximately 16.4 percentage points to our 20.1% period -to -periodincrease in profit before tax, and the abatement of the negative effects of the cyberattack. 75

Income taxes Income taxes increased by $9 million, or 34.6%, from $26 million for the six months ended June 30, 2024 to $35 million for the six months ended June 30, 2025. This increase was driven by higher profitability in the six months ended June 30, 2025. The following table sets out our results of operations for the two fiscal years ended December 31, 2024 and December 31, 2023:

|                                               |     | For the year ended 
        December 31 
               2024 |   |     | 2023 |   |
|:----------------------------------------------|:----|-------------------:|:--|:----|-----:|:--|
|                                               |     |   -USD in millions |   |     |      |   |
| Service revenue                               |     |                915 |   |     |  911 |   |
| Other revenue                                 |     |                  4 |   |     |    4 |   |
| Total operating revenue                       |     |                919 |   |     |  915 |   |
| Other operating income                        |     |                  1 |   |     |    1 |   |
| Service costs                                 |     |               (100 | ) |     |  (94 | ) |
| Selling, general and administrative expenses  |