Company: KYIV
Filing Date: 2025-06-06
Form Type: 425
Source: 0001213900-25-051743
Chunk: 30

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-06
Form: 425
Chunk 30
---
$ NBU FX rates: 38.20 (Q1’24), 41.76 (Q1’25), 41.06 (Mar’25 LTM) 2. MAU – Monthly Active Users 3. Q1’25 LTM values calculated as 2024 measures minus corresponding measures for Q1’24 plus corresponding measures for Q1’25. Refer to p.31 - 32 for reconciliation of Q1’25 LTM values 140 93 US$m 1 • Q1’25 financial performance on the back of continuing war reflects Kyivstar’s superior positioning and is largely driven by 54% growth (y - o - y) in ARPU which includes the impact of customer loyalty measures taken in Q1'24 following a cyber security incident at the end of 2023, which lowered revenue in Q1'24 by an estimated UAH 1.4bn ($46m) in value • 50% growth in revenue in UAH in Q1’25 y - o - y (20% YoY adjusted for the cyberattack impact in Q1‘24) • 65% growth in Adj. EBITDA in UAH in Q1’25 (10.2% YoY adjusted for the cyberattack) • Q1’25 LTM Revenue increased to $988m while Q1’25 LTM EBITDA grew to $562m resulting in 57% Adj. EBITDA margin (vs. 56% in full year 2024) 3 255 186 Revenue (UAH bn) Adj. EBITDA (UAH bn) Commentary +65% Total multiplay users (MAU 2 , eop ), m Monthly ARPU (period - avg ), UAH +41% US$ 1 +50%

Growth strategy and management priorities 17 Kyivstar’s medium - term growth strategy focuses on deepening mobile market leadership and expansion of digital services Telecom business Digital Serve as a key player in restoring and developing digital ecosystem in Ukraine Target significant organic growth in digital revenues, complemented by acquisitions Grow digital offerings organically and through adjacent acquisitions, by focusing on increasing multiplay penetration Leverage our loyal customer base to develop and launch, new and existing digital products Fixed broadband market share growth via organic expansion and acquisitions Consistent growth in ARPU continuing price leadership in the market Maintain paying subscriber base and grow share of multiplay users Sustain mobile market leadership and large market share

Invest in Ky