Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 337

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 337
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 payments to other operators. Selling, general and administrative expenses Selling, general and administrative expenses increased by $21million, or 7.4%, from $284 million for the year ended December 31, 2023 to $305million for the year ended December 31, 2024. This increase was driven higher technology costs ($16million increase), higher human resources costs ($3million increase) and higher professional services and consulting costs ($9million increase), partially offset by lower facility and office supply costs ($7million decrease). Depreciation Depreciation decreased by $9million, or 7.1%, from $127 million for the year ended December 31, 2023 to $118million for the year ended December 31, 2024. This decrease was driven by a devaluation of local currency. Amortization Amortization decreased by $4million, or 8.2%, from $49 million for the year ended December 31, 2023 to $45million for the year ended December 31, 2024. This decrease was driven by a devaluation of local currency.

171 Impairment, net Impairment, net increased by $2million, or 200.0%, from $1 million for the year ended December 31, 2023 to $3million for the year ended December 31, 2024. This increase was driven by impairment reversal on right -of-useassets and telecommunications equipment in the year ended December31, 2023. (Loss)/gain on disposal of non-current assets Gain on disposal of non -currentassets decreased by $3million, or 150.0%, from a gain of $2 million for the year ended December 31, 2023 to a loss of $1million for the year ended December 31, 2024. This decrease was driven by gains related to passive infrastructure sales to UTC finalized in 2023, and acquisitions of U.S. dollar currencies in the open market in 2024. Operating profit Operating profit decreased by $15million, or 4.1%, from $363 million for the year ended December 31, 2023 to $348million for the year ended December 31, 2024. This decrease was driven by the factors described above. Finance costs Finance costs remained at $82 million for the years ended December 31, 2023 and 2024. Finance income Finance income increased by $5million, or 14.3%, from