# EDGAR Filing Document

**Accession Number:** 0002062440
**File Stem:** 0001213900-25-081394
**Filing Date:** 2025-8
**Character Count:** 9284
**Document Hash:** e21d38be9254759153600cbe096b158a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-081394.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001213900-25-081394

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 22

**CONFORMED PERIOD OF REPORT**: 20250828

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kyivstar Group Ltd.
- **CENTRAL INDEX KEY:** 0002062440
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO TELEPHONE COMMUNICATIONS [4812]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42804
- **FILM NUMBER:** 251267756

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT 517, LEVEL 5, INDEX TOWER, DIFC
- **STREET 2:** (DUBAI INTERNATIONAL FINANCIAL CENTER)
- **CITY:** DUBAI
- **PROVINCE COUNTRY:** C0
- **BUSINESS PHONE:** 380672207271

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT 517, LEVEL 5, INDEX TOWER, DIFC
- **STREET 2:** (DUBAI INTERNATIONAL FINANCIAL CENTER)
- **CITY:** DUBAI
- **PROVINCE COUNTRY:** C0

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER<br> PURSUANT TO RULE 13a-16 OR 15d-16 UNDER<br> THE SECURITIES EXCHANGE ACT OF 1934**

**For the Month of August 2025**

**Commission File Number: 001-42804**

**Kyivstar Group Ltd.**

(Translation of registrant's name into English)

**Unit 517, Level 5**

**Index Tower**

**Dubai International Financial Centre (DIFC)**

**United Arab Emirates**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

**<u>EXPLANATORY NOTE</u>**

On August 28, 2025, Kyivstar Group Ltd. (the "Company") and VEON Ltd. issued a joint press release and presentation materials regarding an investor meeting to provide a corporate update on the Company, copies of which are attached as Exhibits 99.1 and 99.2.

**<u>EXHIBIT INDEX</u>**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press release, dated August 28, 2025](ea025491701ex99-1_kyivstar.htm) |
| 99.2 | [Investor presentation, dated August 2025](ea025491701ex99-2_kyivstar.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 28, 2025

---

| | |
|:---|:---|
| **Kyivstar Group Ltd.** | **Kyivstar Group Ltd.** |
| By: | /s/ Boris Dolgushin |
| Name: | Boris Dolgushin |
| Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**VEON and Kyivstar to Host Investor Meeting on August 28, 2025**

 

**New York, August 28, 2025** – VEON Ltd. (Nasdaq: VEON), a global digital operator and Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), a leading telecommunications and digital operator in Ukraine ("Kyivstar"), announced today that Kyivstar will host an investor meeting on Thursday, August 28, 2025, from 10:00 AM to 11:30 AM Eastern Time.

The meeting will provide an update on Kyivstar's strategic initiatives, financial performance, and market outlook. Members of the senior management team will present key developments from the second quarter 2025 results and engage with investors during a Q&A session.

**Event Details:**

**Date:** Thursday, August 28, 2025

**Time:** 10:00 AM – 11:30 AM Eastern Time

**Location:** Virtual (https://icrinc.zoom.us/webinar/register/WN_EaNErH0vTP683Bj_bz7e_Q)

Investors and analysts interested in attending the meeting are encouraged to join via the link provided above. Additional information, including access details and presentation materials, will be made available on Kyivstar's Investor Relations website: https://investors.kyivstar.ua.

**About Kyivstar** 

Kyivstar is a Nasdaq-listed company and Ukraine's leading digital operator, serving nearly 22.4 million mobile customers and over 1.1 million home internet fixed line customers as of June 30, 2025. Kyivstar and its subsidiaries provide services across a wide range of mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, digital TV, and more. Together with its parent company VEON, Kyivstar intends to invest USD 1 billion in Ukraine during 2023-2027, through social investments in infrastructure and technological development, charitable donations and strategic acquisitions. operating in Ukraine for more than 27 years, Kyivstar is the first Ukrainian investment opportunity in U.S. stock exchanges. For more information, visit https://investors.kyivstar.ua.

**About VEON** 

VEON is a digital operator that provides connectivity and digital services to nearly 160 million customers. Operating across five countries that are home to more than 6% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on Nasdaq. For more information, visit: www.veon.com.

**<u>Contact Information</u>**

VEON

ir@veon.com

Kyivstar Group Ltd.

ir@kyivstar.ua

https://investors.kyivstar.ua

## Exhibit 99.2

**Exhibit 99.2**

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19.7 20.7 24.4 2023 2024 H1'25 LTM 33.5 36.9 42.9 2023 2024 H1'25 LTM 12 Financial performance overview Kyivstar Group's financials show resilient performance N o te s : 1. H1'25 LTM values calculated as 2024 measures minus corresponding measures for H1'24 plus corresponding measures for H1'25. 2. Translated to US$ at period - avg UAH/US$ NBU FX rates: 36.59 (2023), 40.16 (2024), 39.01 (H1'24), 41.63 (H1'25) 3. Translated to US$ at period - end UAH/US$ NBU FX rates: 42.04 (2024), 41.64 (H1'25) 4. ROU – rights of use 5. CAPEX refers to CAPEX excl. licenses and ROU 6. $429m cash and cash equiv. at Kyivstar as of end - 2024 ($450m as of H1'25) defined as $674m ($458m) Cash and cash equiv., as per combined statements minus Cash and cash equiv. at banks and on hand at VEON Holdings, $245m ($8m) 2024: UAH 18.0bn / $429m H1'25: UAH 18.7bn / $450m 2024: UAH 11.8bn / $294m H1'25 LTM: UAH 12.8bn / $309m 2024: UAH 8.9bn / $221m H1'25 LTM: UAH 11.5bn / $280m US$m 2 • Double - digit growth in revenue (local currency), driven by increasing multiplay penetration and pricing growth • Strong profitability despite continued investment into digital services and increased electricity costs • Both 2023 and 2024 impacted by Kyivstar's customer appreciation program in response to a December 2023 cybersecurity attack. • Kyivstar rolled out a one - month customer appreciation program to affected subscribers, resulting in estimated negative impact of: • 2023 revenue / Adj. EBITDA – UAH 0.8bn ($23m) / UAH 0.9bn ($24m) • 2024 revenue / Adj. EBITDA – UAH 1.7bn ($46m) / UAH 1.8bn ($47m) • LTM Revenue and Adj. EBITDA as of H1'25 reached $1,037m and $589m, respectively 919 915 Adj. EBITDA – CAPEX, UAH bn 1,2,5 CAPEX excl. licenses and ROU, UAH bn 1,2,4 Cash & Cash Equivalents 3,6 Revenue (UAH bn) 1 Adj. EBITDA (UAH bn) 1 Commentary 1,037 515 538 589 +16% +18%

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3.6 5.8 5.5 6.9 Q1'24 Q2'25 106.6 143.2 H1'25 7.1 9.4 10.6 11.8 Q1'24 Q1'25 Q2'24 Q2'25 5.3 6.5 H1'24 H1'25 H1'24 • H1'25 financial performance on the back of continuing war reflects Kyivstar's superior positioning and is largely driven by 27% growth (y - o - y) in ARPU which includes the impact of customer loyalty measures taken in Q1'24 following a cyber security incident at the end of 2023, which lowered revenue in Q1'24 by an estimated UAH 1.4bn ($46m) in value • 37% growth in revenue in UAH in H1'25 y - o - y (23% YoY adjusted for the cyberattack impact in H1'24) • 41 % growth in Adj . EBITDA in UAH in H 1 ' 25 (17 % YoY adjusted for the cyberattack impact in H 1 ' 24) • H1'25 LTM Revenue increased to $1,037m while H1'25 LTM EBITDA grew to $589m resulting in 57% Adj. EBITDA margin (vs. 56% in full year 2024) 3 • Balance sheet reflects a resilient, well - capitalized business with strong liquidity, minimal leverage, and capacity for reinvestment. 3.4 2.7 +34% 13 Q2 / H1 2025 trading update Kyivstar's financials show a robust first half of 2025 N o te s : 1. Translated to US$ at period - avg UAH/US$ NBU FX rates: 38.20 (Q1'24), 39.85 (Q2'24), 39.01 (H1'24), 41.76 (Q1'25), 41.51 (Q2'25), 41.63 (H1'25), 41.46 (Jun'25 LTM) 2. MAU – Monthly Active Users 3. H1'25 LTM values calculated as 2024 measures minus corresponding measures for H1'24 plus corresponding measures for H1'25. Revenue (UAH bn) Adj. EBITDA (UAH bn) Commentary Total multiplay users (MAU 2 , eop), m Q1'25 Q2'24 Monthly ARPU (period - avg), UAH +24% US$1 H1'24 421 US$m 1 UAHbn 1 16.4 H1'25 539 22.4 +28% +37% H1'25 306 12.7 H1'24 232 9.1 +32% +41%

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