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v3.26.1

RELATED PARTIES | 6 Months Ended
--- | ---
Jun. 30, 2026
Related party transactions [abstract] |
RELATED PARTIES | RELATED PARTIES The immediate parent and the ultimate controlling shareholder of the Company are VEON Amsterdam B.V. and VEON Ltd., respectively. Related parties, as defined by IAS 24, are natural persons or companies that can be influenced by Kyivstar Group Ltd., that can exert an influence on the Company or that are under the influence of another related party of the Company. Transactions with related parties were conducted at arm’s length. The following table provides the total amount of transactions that have been entered into with related parties and their affiliates for the six-month period ended June 30:
| 2026 | 2025
| Ultimate and Immediate parent | Entities under common control | Key Management Personnel | Ultimate and Immediate parent | Entities under common control | Key Management Personnel
Cost of services, equipment and accessories | — | (8) | — | — | (7) | —
Selling, general and administrative expenses | — | — | (2) | — | — | (2)
Finance costs | (3) | (22) | — | (1) | (30) | —
Depreciation charge of right-of-use asset | — | (20) | — | — | (25) | —
Other operating income | — | 1 | — | — | 1 | —
Other operating expenses | — | (3) | — | (20) | — | —
Finance income | — | — | — | 8 | — | —
Total | (3) | (52) | (2) | (13) | (61) | (2)
The following table provides the total amount of transactions that have been entered into with related parties and their affiliates for the three-month period ended June 30:
| 2026 | 2025
| Ultimate and Immediate parent | Entities under common control | Key Management Personnel | Ultimate and Immediate parent | Entities under common control | Key Management Personnel
Cost of services, equipment and accessories | — | (4) | — | — | (5) | —
Selling, general and administrative expenses | — | — | (1) | — | — | (1)
Finance costs | (2) | (11) | — | — | (20) | —
Depreciation charge of right-of-use asset | — | (10) | — | — | (17) | —
Other operating income | — | — | — | — | 1 | —
Other operating expenses | — | (1) | — | (11) | — | —
Finance income | — | — | — | 3 | — | —
Total | (2) | (26) | (1) | (8) | (41) | (1)
The following table provides the total balance of accounts with related parties and their affiliates at the end of the relevant period:
| June 30, 2026 | December 31, 2025
| Ultimate and Immediate parent | Entities under common control | Ultimate and Immediate parent | Entities under common control
Right-of-use assets - LLC "Ukraine Tower Company" | — | 228 | — | 214
Trade and other receivables - LLC “Ukraine Tower Company” | — | 1 | — | 1
Indemnity receivable from VEON Amsterdam B.V. | 28 | — | 40 | —
Other receivables from VEON Amsterdam B.V. | — | — | 9 | —
Financial assets - VEON Ltd. | 1 | — | 1 | —
| 29 | 229 | 50 | 215
Trade and other payables - LLC “Ukraine Tower Company” | — | (8) | — | (8)
Trade and other payables - VEON Ltd. | (14) | — | (17) | —
Trade and other payables - VEON Group Holding Company Ltd | — | (21) | — | (17)
Lease liabilities - LLC “Ukraine Tower Company” | — | (269) | — | (250)
Loan Note Payable - VEON Amsterdam B.V. | (53) | — | (57) | —
Other current liabilities - VEON Ltd. | (4) | — | (12) | —
| (71) | (298) | (86) | (275)
Lease liabilities with LLC “Ukraine Tower Company” relate to lease arrangements for telecommunications tower infrastructure and are disclosed in Note 8, including information on the nature of the leases, lease terms and significant accounting assumptions. On May 28, 2026, the Company offset US$9 of amounts payable under the VEON Amsterdam B.V. loan note against amounts receivable from VEON Amsterdam B.V. Refer to Note 8 for further information. On June 10, 2026, Other current liabilities to VEON Ltd. of US$8 were settled through a financing arrangement within the Group. The settlement reduced the Group’s outstanding related-party liabilities to VEON Ltd. as of June 30, 2026.

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- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2025-01-01 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2025-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2025-03-27 + Details
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- References No definition available. + Details
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