Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 84

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 84
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 31, 
         2024 |   |     |   Year ended 
 December 31, 
         2023 |   |
|:---------------------------------------------|:----|-------------:|:--|:----|-------------:|:--|:----|-------------:|:--|:----|-------------:|:--|
| Net cash generated from operating activities |     |          128 |   |     |           83 |   |     |          430 |   |     |          413 |   |
| Net cash used in investing activities        |     |          (64 | ) |     |         (103 | ) |     |         (132 | ) |     |         (327 | ) |
| Net cash used in financing activities        |     |          (30 | ) |     |           (7 | ) |     |          (37 | ) |     |          (88 | ) |
| Net change in cash and cash equivalents      |     |           34 |   |     |          (27 | ) |     |          261 |   |     |           (2 | ) |
| Net foreign exchange difference              |     |            4 |   |     |           (3 | ) |     |          (12 | ) |     |           (5 | ) |

Non-IFRS Financial Measures

| USD in millions |     | Three months 
        ended 
    March 31, 
         2025 |     | Three months 
        ended 
    March 31, 
         2024 |     |   Year ended 
 December 31, 
         2024 |     |   Year ended 
 December 31, 
         2023 |
|:----------------|:----|-------------:|:----|-------------:|:----|-------------:|:----|-------------:|
| Adjusted EBITDA |     |          140 |     |           93 |     |          515 |     |          538 |

We use Adjusted EBITDA, a non -IFRSfinancial measure, to supplement our consolidated financial statements, which are presented in accordance with IFRS. We use Adjusted EBITDA in addition to our results determined in accordance with IFRS in order to evaluate our financial and operating performance, to generate future operating plans and make strategic decisions. We believe that Adjusted EBITDA, when taken collectively with financial measures prepared in accordance with IFRS, may be helpful