Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 127

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 127
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 |     | Equivalent lease term |

Each asset’s residual value, useful life and method of depreciation is reviewed at the end of each financial year and adjusted prospectively, if necessary. Where applicable, we have applied sale and leaseback accounting principles, whereas the right -of -useasset arising from the leaseback is measured at the proportion of the previous carrying amount of the asset that relates to our retained right of use. Accordingly, we recognize only the amount of any gain or loss that relates to the rights transferred to the buyer -lessor. Amortization Intangible assets acquired separately are carried at cost less accumulated amortization and impairment losses. Intangible assets with a finite useful life are generally amortized with the straight -linemethod over the estimated useful life of the intangible asset. The amortization period and the amortization method for intangible assets with finite useful lives are reviewed at least annually and fall within the following ranges:

| Class of intangible asset                                |     | Useful life   |
| Telecommunications licenses, frequencies and permissions |     | 3 – 20 years  |
| Software                                                 |     | 3 – 10 years  |
| Brands and trademarks                                    |     | 3 – 15 years  |
| Customer relationships                                   |     | 15 – 40 years |
| Other intangible assets                                  |     | 4 – 10 years  |

72

Goodwill is recognized for the future economic benefits arising from net assets acquired that are not individually identified and separately recognized. Goodwill is not amortized but is tested for impairment annually and as necessary when circumstances indicate that the carrying value may be impaired. Finance costs Finance costs consist of deferred and contingent consideration fair value adjustments, interest on loans, financing and debentures, fair value adjustments of subscription rights, other interest and expense, exchange variation (foreign exchange losses) and exposure premium expense. Finance income Finance income consists of income on financial investments, interest income and discounts obtained. Net foreign exchange gain / (loss) Net foreign exchange gain consists of the total gains or losses arising from currency exchange rate fluctuations affecting our foreign currency transactions and balances. Results of operations The following table sets out our results of operations for the two fiscal periods ended June 30, 2025 and June 30, 2024:

|                                              |     | For the six months ended 
                  June 30 |   |     |      |   |
|                                              |     |                     2025 |   |     | 2024 |   |
|                                              |