Kyivstar Group Ltd SEC Filings

Kyivstar Group Ltd. is registering up to 7,666,667 common shares issuable upon exercise of outstanding warrants and providing investors with unaudited interim results for the nine months ended September 30, 2025. Total revenue rose to $836 million from $669 million a year earlier, driven by growth in both telecommunications and digital services, while Adjusted EBITDA increased to $477 million from $374 million, reflecting strong operating performance.

Net profit for the period was $34 million versus $190 million in 2024, mainly due to a one‑off $162 million listing expense linked to the SPAC merger and Nasdaq listing. Kyivstar completed the acquisition of ride‑hailing platform Uklon for total consideration of $158 million and increased its stake in digital health business Helsi. Operating cash flow reached $406 million, supporting bond repayments and SPAC‑related financing flows, ending with cash and equivalents of $472 million.

The company highlights that the ongoing war in Ukraine and related sanctions create material uncertainty about its ability to continue as a going concern, even though the financial statements are prepared on a going‑concern basis and management is taking mitigating actions.