Company: KYIV
Filing Date: 2025-06-05
Form Type: 425
Source: 0001213900-25-051648
Chunk: 7

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: 425
Chunk 7
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DA as earnings before interest, tax, depreciation, amortization, impairment, gain/loss on disposals of non-current assets, net foreign exchange gain and other non-operating gains/losses, net. Kyivstar Group defines Adjusted EBITDA Margin as Adjusted EBITDA divided by total operating revenues. Kyivstar Group uses the Non-IFRS Financial Measures in addition to its results determined in accordance with IFRS in order to evaluate its financial and operating performance, to generate future operating plans and make strategic decisions. Kyivstar Group believes that the Non-IFRS Financial Measures may be helpful to investors because they provide additional tools for investors to use in evaluating its ongoing operating results and trends and in comparing its financial results with other companies operating in similar industries because they provide consistency and comparability with past financial performance. The Non-IFRS Financial Measures are not intended to replace, and should not be considered superior to, the presentation of the Kyivstar Group financial results in accordance with IFRS. The Non-IFRS Financial Measures may not be comparable to other similarly entitled measures computed by other companies.

The following table presents reconciliations of Adjusted EBITDA and Adjusted EBITDA Margin to the most directly comparable IFRS financial performance measures, which are profit for the period and profit margin, respectively:

|                                      |     |     | Three months 
        ended 
    March 31, 
         2025 |   |     |     | Three months 
        ended 
    March 31, 
         2024 |   |
|:-------------------------------------|:----|:----|-------------:|:--|:----|:----|-------------:|:--|
| (USD in millions)                    |     |     |              |   |     |     |              |   |
| Profit for the period                |     |     |           44 |   |     |     |           36 |   |
| Income taxes                         |     |     |           14 |   |     |     |            9 |   |
| Profit before tax                    |     |     |           58 |   |     |     |           45 |   |
| Depreciation                         |     |     |           31 |   |     |     |           31 |   |
| Amortization                         |     |     |           13 |   |     |     |           12 |   |
| Impairment, net                      |