Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 417

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 417
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 |   |     | 2024 |   |
| Balance as of January 1       |     |  297 |   |     |  272 |   |
| Acquisitions*                 |     |  167 |   |     |    — |   |
| Additions                     |     |   50 |   |     |   32 |   |
| Disposal and write-offs       |     |   (1 | ) |     |    — |   |
| Transfer and reclassification |     |    2 |   |     |    3 |   |
| Amortization                  |     |  (46 | ) |     |  (34 | ) |
| Currency translation          |     |    6 |   |     |  (19 | ) |
| Balance as of September 30    |     |  475 |   |     |  254 |   |

____________ * This includes intangible assets acquired as part of Uklon acquisition consisting of goodwill (US$ 109), customer relationships (US$ 32), brand and trademarks (US$ 18) and software (US$ 8).

F-147

Kyivstar Group Ltd. Notes to the interim condensed consolidated financial statements (in millions of U.S. dollars unless otherwise stated) 6INTANGIBLE ASSETS AND GOODWILL (cont.)

Included within total intangible asset movements for the nine-month period ended September 30, 2025, as shown above, are the following movements in goodwill for the group, per cash generating unit (“CGU”):

|                               |     | 2025 |     | 2024 |
| Balance as of January 1       |     |   14 |     |   14 |
| Acquisitions*                 |     |  109 |     |    — |
| Transfer and reclassification |     |    1 |     |    — |
| Balance as of September 30    |     |  124 |     |   14 |

____________ * For acquisitions and divestments, refer to Note 4 for further details. Goodwill is tested for impairment annually (at September 30) or when circumstances indicate the carrying value may be impaired. The Company’s impairment test is primarily based on fair value less cost of disposal calculations (Level 3 in the fair value hierarchy) using a discounted cash flow model, based on cash flow projections from business plans prepared by management. The Company considers, amongst other