Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 286

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 286
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 evidenced by an increase in our profit for the period from $36million for the three months ended March31, 2024 to $44million for the three months ended March31, 2025. In addition, our margins have remained strong despite the war, with a 30.8% profit margin and a 56% Adjusted EBITDA Margin for the year ended December 31, 2024. We have also established a value preservation program to prevent the deterioration of liquid assets in hard currency equivalents, known as Secured Liquid Yield. This program focuses on well -definedinvestment areas, prioritizing initiatives that create value for shareholders while following strict guidelines for spending on M&A. As of March31, 2025, our cash and cash equivalents were $712million, reflecting our financial and strategic flexibility. In addition, our growth has been strengthened by our capital expenditure program, which has enabled us to expand our geographic footprint, enhance operational efficiencies and serve a growing customer base. For the three months ended March31, 2025, our capital expenditure excluding licenses and right of use assets totaled $51million. We intend to pursue additional acquisitions and make targeted capital expenditures over the next few years, focusing on expanding our network infrastructure, enhancing service capabilities and supporting long -termgrowth in our core and adjacent markets. 137 War-related impacts addressed with effective mitigation measures Since 2022, we have developed a more resilient network, with a strategic plan to address future disruptions, and we believe are well positioned for growth as the Ukrainian economy recovers, leveraging our loyal customer base and substantial growth potential in Ukraine’s post -wareconomic development. In response to the unprecedented and continuous risks arising from the war in Ukraine, we developed a comprehensive response plan to manage operations focused on preserving the safety of our employees, maintaining our infrastructure and retaining our market share. To repair existing infrastructure and prepare for potential further attacks, we invested approximately UAH 1,866.8million ($45.3million) in the year ended December 31, 2024 in infrastructure reconstruction and have implemented a range of pre -emptivemeasures, including battery replacements, site backup extensions, diesel generator installations, network redundancy measures and power -resilienttechnology installations. Additionally, our “Roam Like at Home” offer, which allows customers to use their Kyivstar services while abroad in Europe at the same price they would have paid for service delivered — as in Ukraine, operates at reduced margins for subscribers abroad and is aimed at retaining our customer base.