Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 127

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 127
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 Digital                 |     |                        74 |     |   15 |
| Other revenue           |     |                         — |     |    2 |
| Total operating revenue |     |                       836 |     |  669 |

Mobile revenue includes postpaid (contract) and prepaid customer airtime charges, roaming and value -addedservices, such as messaging, mobile internet and data services. Mobile revenue increased by $105 million, or 17%, from $617 million for the nine months ended September 30, 2024 to $722 million for the nine months ended September 30, 2025. This increase was largely driven by the “customer appreciation” program deployed in the nine months ended September 30, 2024 at a value of $46 million, which lowered revenue due to the provision of a discount on one month of services to affected customers, enabling higher year -on -yeargrowth in the nine months ended September 30, 2025. In addition, revenue for the nine months ended September 30, 2025 was higher due to the repricing of customer offers launched in December 2024. Fixed revenue includes fixed -termtariff plans and monthly subscriptions. Fixed revenue increased by $5 million, or 14%, from $35 million for the nine months ended September 30, 2024 to $40million for the nine months ended September 30, 2025. This increase was driven by customer base modernization that allowed us to focus on higher value customers. Digital revenue includes multiple high -qualityapplications and modern enterprise solutions. Digital revenue increased by $59 million, or over 390%, from $15 million for the nine months ended September 30, 2024 to $74 million for the nine months ended September 30, 2025. This increase was driven by the first -timeconsolidation of Uklon, our ride -hailingservice, enterprise solutions development, further penetration of Helsi, our digital health services business, and paying base growth and content development of our entertainment application, Kyivstar TV. Other revenue contributed 0.3% for the nine months ended September30, 2024 and 0.4% of total revenue for the nine months ended September30, 2025. Service costs Service costs increased by $7 million, or 9.5%, from $74 million for the nine months ended September 30, 2024 to $81 million for the nine months ended September 30