Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 138

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 138
---
 with cash we expect to generate from future operations, will be sufficient to meet our working capital and capital expenditure requirements for a period of at least 12 months from the date of this prospectus. Our primary sources of liquidity are the cash flow generated by our operations. We believe that this liquidity structure allows us to sustain fluctuations in cash flow development. Liquidity inflows and outflows of business entities are monitored and coordinated centrally by our corporate treasury department. For the six months ended June 30, 2025, our cash and cash equivalents included cash of $8 million retained by VEON and an indemnity agreement between VEON Holdings and VEON Amsterdam is in place which is to see VEON Holdings made whole for any external payments to eligible noteholders to cover the estimated repayment of the 2025 Bonds. For the year ended December 31, 2024, our cash and cash equivalents included cash of $10 million retained by VEON Holdings in accordance with the Demerger 81

and $235 million held by VEON Holdings to cover the estimated repayment amount of the 2025 Bonds. On April 9, 2025, VEON Holdings repaid the April 2025 Bonds for $472 million. On June 18, 2025, VEON Holdings repaid the June 2025 Bonds for $100 million. Cash Flows The following table summarizes our cash flow statements for the six months ended June 30, 2025 and 2024 and the years ended December 31, 2024 and 2023.

|                                                    |     |       Six months 
            ended 
         June 30, 
             2025 |   |     | Six months 
      ended 
   June 30, 
       2024 |   |     |   Year ended 
 December 31, 
         2024 |   |     |   Year ended 
 December 31, 
         2023 |   |
|:---------------------------------------------------|:----|-----------------:|:--|:----|-----------:|:--|:----|-------------:|:--|:----|-------------:|:--|
|                                                    |     | -USD in millions |   |     |            |   |     |              |   |     |              |   |
| Net cash flows from operating activities           |     |              265 |   |     |        200 |   |     |          430 |   |     |          413 |   |