Kyivstar Group (KYIV) Registration Filing summary

Company overview and business model

• Operates Ukraine's leading mobile and broadband provider, serving over 22.5 million mobile and 1.2 million broadband customers as of September 30, 2025.

• Offers mobile, fixed-line, and digital services, including digital health, TV, and ride-hailing platforms.

• Expanded digital portfolio through acquisitions such as Helsi (digital health), Uklon (ride-hailing), and Lan Trace (broadband).

• Maintains a multiplay strategy to increase ARPU and customer retention by bundling services.

• Centralized compliance, audit, treasury, and M&A functions for operational efficiency.

Financial performance and metrics

• For the year ended December 31, 2024: profit of $283M, Adjusted EBITDA of $515M, profit margin 31%, Adjusted EBITDA margin 56%.

• For the nine months ended September 30, 2025: profit of $34M, Adjusted EBITDA of $477M, profit margin 4% (impacted by a $162M one-time listing expense), Adjusted EBITDA margin 57%.

• Revenue for the nine months ended September 30, 2025 increased 25% year-over-year to $836M.

• Preliminary 2025 estimates: revenue and Adjusted EBITDA growth of 24–26% year-over-year; Capex Intensity expected at 29–31%.

• Cash and cash equivalents as of September 30, 2025: $472M.

Use of proceeds and capital allocation

• All proceeds from the offering go to selling shareholders; the company will not receive any proceeds.

• Capital allocation focused on network expansion, digital service development, and strategic acquisitions.

• Ongoing $1B investment initiative in Ukraine (2023–2027) for network, digital, and energy resilience.