Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 332

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 332
---
 year ended December 31, 2023 to a gain of $2million for the year ended December 31, 2024. This increase was driven by a revaluation of the Helsi put option liability ($3million decrease) and a decrease in losses on purchase and sale of foreign currency for purchase of government bonds. Net foreign exchange gain Net foreign exchange gain increased by $1million, or 2.6%, from $38 million for the year ended December 31, 2023 to $39million for the year ended December 31, 2024. Profit before tax Profit before tax increased by $1million, or 0.3%, from $346 million for the year ended December 31, 2023 to $347million for the year ended December 31, 2024. This increase was driven by the factors described above. Income taxes Income taxes decreased by $1million, or 1.5%, from $65 million for the year ended December 31, 2023 to $64million for the year ended December 31, 2024. Key Performance Indicators and Non-IFRS Financial Measures Non-IFRS Financial Measures We also manage our business by tracking Adjusted EBITDA, Adjusted EBITDA Margin and capital expenditures excluding licenses and rights of use (“Capex excl. licenses and ROU”), which each constitute non -IFRSfinancial measures. We believe these measures are useful to investors in evaluating our operating performance. We use non -IFRSmeasures 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 these measures, when 172

taken collectively with financial measures prepared in accordance with IFRS, may be helpful to investors because they provide additional tools for investors to use in evaluating our ongoing operating results and trends and in comparing our financial results with other companies operating in similar industries because they provide consistency and comparability with past financial performance. Our computation of Adjusted EBITDA, Adjusted EBITDA Margin and Capex excl. licenses and ROU may not be comparable to other similarly entitled measures computed by other companies. We do not consider Adjusted EBITDA, Adjusted EBITDA Margin or and Capex excl. licenses and ROU in isolation or as alternatives to financial measures determined in accordance with IFRS. Investors are encouraged to review these measures and their respective reconciliations to the most directly comparable I