Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 334

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 334
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170

Comparison of Fiscal Years Ended December 31, 2024 and 2023 Services revenues Services revenues increased by $4million, or 0.4%, from $911 million for the year ended December 31, 2023 to $915million for the year ended December 31, 2024. This increase was driven by data and digital consumption growth and subscriber base modernization initiatives.

|                         |     | For the year ended 
        December 31 
               2024 |     | 2023 |
|:------------------------|:----|-------------------:|:----|-----:|
|                         |     |   -USD in millions |     |      |
| Service revenue         |     |                915 |     |  911 |
| Mobile                  |     |                865 |     |  859 |
| Fixed                   |     |                 50 |     |   52 |
| Other revenue           |     |                  4 |     |    4 |
| Total operating revenue |     |                919 |     |  915 |

Mobile service revenue increased by $6million, or 0.7%, from $859 million for the year ended December 31, 2023 to $865million for the year ended December 31, 2024. This increase was driven by data and digital consumption growth and subscriber base modernization initiatives. Fixed service revenue decreased by $2million, or 3.8%, from $52 million for the year ended December 31, 2023 to $50million for the year ended December 31, 2024. This decrease was driven by foreign exchange rate effects due to UAH devaluation, as mobile revenue increased in local currency. Other revenue Other revenue remained at $4 million for the years ended December 31, 2023 and 2024. Total operating revenue Total operating revenue increased by $4million, or 0.4%, from $915 million for the year ended December 31, 2023 to $919million for the year ended December 31, 2024. This increase was driven by an increase in service revenue. Other operating income Other operating income remained at $1 million for the years ended December 31, 2023 and 2024. Service costs Service costs increased by $6million, or 6.4%, from $94 million for the year ended December 31