Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 582

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 582
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 EBITDA”) along with assessing the capital expenditures excluding certain costs such as those for telecommunication licenses and right -of -useassets (“ CAPEX excl. licenses and ROU”). The following tables present the key financial information for the three -monthperiod ended March 31:

|          |     | Service revenue |     |      |     |       |     |      |     | Other revenue |     |      |     | Total Revenue |     |      |
|          |     |          Mobile |     |      |     | Fixed |     |      |     |               |     |      |     |               |     |      |
|          |     |            2025 |     | 2024 |     |  2025 |     | 2024 |     |          2025 |     | 2024 |     |          2025 |     | 2024 |
| Kyivstar |     |             240 |     |  174 |     |    14 |     |   11 |     |             1 |     |    1 |     |           255 |     |  186 |
| Total    |     |             240 |     |  174 |     |    14 |     |   11 |     |             1 |     |    1 |     |           255 |     |  186 |

|          |     | Adjusted EBITDA |     |      |     | CAPEX excl licenses 
            and ROU* |     |      |
|          |     |            2025 |     | 2024 |     |                2025 |     | 2024 |
| Kyivstar |     |             140 |     |   93 |     |                  51 |     |   25 |
| Total    |     |             140 |     |   93 |     |                  51 |     |   25 |

____________ *This includes capital expenditures on property, plant and equipment, net of advances, of US$85 (2024: US$40), intangible assets of US$9 (2024: US$9) after deducting additions in licenses of US$Nil (2024: US$Nil) and right -of -use assets of US$43 (2024: US$24).

F-99

VEON Holdings B.V.Notes to the interim condensed combined financial statements
(in millions