Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 328

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 328
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 Fixed service revenue increased by $3 million, or 27.3%, from $11 million for the three months ended March 31, 2024 to $14 million for the three months ended March 31, 2025. This increase was driven by an increase in subscriber and a customer base modernization that allowed us to focus on higher value customers. Other revenue Other revenue remained at $1 million for the three months ended March 31, 2024 and 2025. Total operating revenue Total operating revenue increased by $69 million, or 37.1%, from $186 million for the three months ended March 31, 2024 to $255 million for the three months ended March 31, 2025. This increase was driven by the factors described above. Service costs Service costs remained at $24 million for the three months ended March 31, 2024 and 2025. Selling, general and administrative expenses Selling, general and administrative expenses increased by $22 million, or 31.9%, from $69 million for the three months ended March 31, 2024 to $91 million for the three months ended March 31, 2025. This increase was driven by an increase in technology expenses ($9 million) as a result of higher electricity tariffs, frequency fee indexation and additional frequencies acquired; higher human resources costs ($8 million) and higher consulting and professional services costs ($5 million). Depreciation Depreciation remained at $31 million for the three months ended March 31, 2024 and 2025. Amortization Amortization increased by $1 million, or 8.3%, from $12 million for the three months ended March 31, 2024 to $13 million for the three months ended March 31, 2025. This increase was driven by the acquisition of additional frequencies and software. Impairment, net Impairment, net increased by $1 million, or 100.0%, from $1 million for the three months ended March 31, 2024 to $2 million for the three months ended March 31, 2025. This increase was driven by an increase in obsolete equipment. Operating profit Operating profit increased by $45 million, or 91.8%, from $49 million for the three months ended March 31, 2024 to $94 million for the three months ended March 31, 2025. This increase was driven by an increase in total operating revenue and