Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 323

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 323
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million for the year ended December 31, 2024. This decrease was driven by foreign exchange rate effects due to UAH devaluation, as mobile revenue increased in local currency. Other revenue Other revenue remained at $4 million for the years ended December 31, 2023 and 2024.

169 Total operating revenue Total operating revenue increased by $4million, or 0.4%, from $915 million for the year ended December 31, 2023 to $919million for the year ended December 31, 2024. This increase was driven by an increase in service revenue. Other operating income Other operating income remained at $1 million for the years ended December 31, 2023 and 2024. Service costs Service costs increased by $6million, or 6.4%, from $94 million for the year ended December 31, 2023 to $100million for the year ended December 31, 2024. This increase was driven by higher international interconnect traffic and higher rate 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. 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