Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 153

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 153
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1 – 27.29; 2022 – 32.34; 2023 – 36.57; 2024 – 40.16; H1 2024 – 39.01; H1 2025 – 41.63 Robust financial profile with growth and a strong balance sheet Characterized by a strong track record of growth and resilience, our financial profile is supported by the ongoing demand for our services and by our leading market position in Ukraine. We have experienced consistent average monthly growth in ARPU, increasing by 62% from UAH 75 ($2.77) in the year ended December 31, 2020 to UAH 121 ($3.00) in the year ended December 31, 2024, driven by multiplay penetration and service quality. We have a strong track record of resilient performance and year -on -yeargrowth by managing currency risk, capital allocation, cost management and preserving value to generate positive returns for shareholders. Our financial profile is supported by the ongoing demand for our services, which is driven by our leading market position and evidenced by an increase in our profit for the period from $108 million for the six months ended June 30, 2024 to $126 million for the six months ended June 30, 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 June 30, 2025, our cash and cash equivalents were $458 million, 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 six months ended June 30, 2025, our capital expenditure excluding licenses and right of use assets totaled $134million. 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. 90 War-related impacts addressed with effective mitigation measures Since 2022, we