Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 131

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 131
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 -to-periodincrease in selling, general and administrative expenses. Depreciation Depreciation increased by $13 million, or 14.6%, from $89 million for the nine months ended September 30, 2024 to $102 million for the nine months ended September 30, 2025. This increase was driven by a swap run (accelerated depreciation) and gradual increase of CAPEX. Amortization Amortization increased by $12 million, or 35.3%, from $34 million for the nine months ended September 30, 2024 to $46 million for the nine months ended September 30, 2025. This increase was driven by the acquisition of additional frequencies and software and the recognition of new intangible assets from Uklon in the amount of $1.9 million. Impairment Impairment increased by $4 million, or 200.0%, from $2 million for the nine months ended September 30, 2024 to $6 million for the nine months ended September 30, 2025. This increase was driven by an increase in obsolete equipment and war -relatedimpairments, including occupied territories and destroyed assets. Listing expense In relation to the consummation of the Business Combination, the Company incurred a one -time, non -cashlisting expense of $162million for the nine months ended September30, 2025. Operating profit Operating profit decreased by $88 million, or 35.5%, from $248 million for the nine months ended September 30, 2024 to $160 million for the nine months ended September 30, 2025. This decrease was primarily due to the one time listing expense incurred in the nine months ended September30, 2025. Excluding the effect of the listing expense, operating profits would have significantly increased, driven by an increase in total operating revenue and the consolidation of revenue from Uklon. Finance costs Finance costs decreased by $5 million, or 8.1%, from $62 million for the nine months ended September 30, 2024 to $57 million for the nine months ended September 30, 2025. This decrease was due to lower interest expense as the April 2025 and June 2025 Bonds were repaid in April and June 2025, respectively. Finance income Finance income decreased by $13 million, or 50.0%, from $26 million for the nine months ended September 30, 2024 to $