Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 322

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 322
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 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.

167 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 a decrease in operating costs. Finance costs Finance costs remained at $21 million for the three months ended March 31, 2024 and 2025. Finance income Finance income decreased by $1 million, or 12.5%, from $8 million for the three months ended March 31, 2024 to $7 million for the three months ended March 31, 2025. This decrease was driven by a decrease in deposit income. Other non-operating gain / (loss), net Other non -operatinggain/(loss), net decreased by $2 million, or 200.0%, from a gain of $1 million for the three months ended March 31, 2024 to a loss of $1 million for the three months ended March 31, 2025. This decrease was driven by increased purchases of U.S. dollars on the open market. Net foreign exchange gain / (loss) Net foreign exchange gain/(loss) decreased by $29 million, or 362.5%, from a gain of $8