Company: KYIV
Filing Date: 2025-06-05
Form Type: 425
Source: 0001213900-25-051631
Chunk: 19

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: 425
Chunk 19
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m ($712m) Cash and cash equiv., as per combined statements minus Cash and cash equiv. at banks and on hand at VEON Holdings, incl. cash of $10m ($10m) retained in accordance with the demerger proposal and $235m ($213m) to cover the repayment of the 2025 Notes 2024: UAH 18 . 0 bn / $429m Q1’25 LTM: UAH 20 . 2 bn / $ 489 m 2024: UAH 11.8bn / $294m Q1’25 LTM: UAH 12.9bn / $315m 2024: UAH 8.9bn / $221m Q1’25 LTM: UAH 10.0bn / $247m US$m 2 • Double - digit growth in revenue (local currency), driven by increasing multiplay penetration and pricing growth • Strong profitability despite continued investment into digital services and increased electricity costs • Both 2023 and 2024 impacted by Kyivstar’s customer appreciation program in response to a December 2023 cybersecurity attack. • Kyivstar rolled out a one - month customer appreciation program to affected subscribers, resulting in estimated negative impact of: • 2023 revenue / Adj. EBITDA – UAH 0.8bn ($23m) / UAH 0.9bn ($24m) • 2024 revenue / Adj. EBITDA – UAH 1.7bn ($46m) / UAH 1.8bn ($47m) • LTM Revenue and Adj. EBITDA as of Q1’25 reached $988m and $562m, respectively 919 915 Adj. EBITDA – CAPEX, UAH bn 1,2,5 2024 CAPEX excl. licenses and ROU , UAH bn 1,2,4 2024 Cash & Cash Equivalents 3,6 Revenue (UAH bn) 1 Adj. EBITDA (UAH bn) 1 Commentary 988 515 538 562 + 10 % + 11 %

3.4 2.4 91.4 140.6 Q1'24 Q1'25 +54% 4.3 6.1 Q1'24 Q1'25 3.6 5.8 Q1'24 Q1'25 7.