Kyivstar Group Ltd 6-K/A, filed May 26, 2026
Kyivstar Group Ltd. (KYIV)
6-K/A
2026-05-26
For: 2026-05-26
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August 22, 2026
About this 6-K/A
Kyivstar Group Ltd filed this 6-K/A on May 26, 2026.
PRESS RELEASE Kyivstar Acquires Six Solar Power Plants, Further Diversifies Energy Sources Kyiv, New York, May 26, 2026 - Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), the parent company of JSC Kyivstar (“Kyivstar”), Ukraine's leading digital operator and part of VEON Group (Nasdaq: VEON), today announced it is expanding its energy assets with the acquisition of six solar power plants in the Lviv region. The group of six acquired assets has a total installed capacity of 105 megawatts (MW). The total consideration paid is UAH 3.6 billion (USD 80.8 million). The solar assets being acquired generated approximately 113 GWh of electricity, while delivering approximately UAH 682 million of revenue and UAH 596 million of EBITDA in 20251. This acquisition marks another step forward in the development of Kyivstar’s energy generation portfolio. The company began expanding its energy asset base in December 2025 with the acquisition of Sunvin 11 (13 MW). Following the addition of the newly acquired assets, Kyivstar’s green energy generation has increased to 118 MW, enabling it to produce electricity equivalent to approximately 30% of its current annual consumption. Kyivstar will supply electricity produced by the newly acquired solar power plants to Ukraine’s unified energy system in accordance with current market and regulatory rules. This enhances the company’s ability to hedge electricity costs by supplying energy from these solar power plants to the national grid at market prices with green energy tariffs, supporting operational efficiency as connectivity demand continues to expand across Ukraine. “Renewable energy is a key focus area of Kyivstar’s investment portfolio, and this acquisition opens further opportunities for the use of green electricity to meet the company’s energy needs,” said Oleksandr Komarov, President of Kyivstar. “The development of our own energy generation is an important component of our long-term vision aimed at building safe, sustainable and efficient infrastructure. Together with VEON, we continue to increase investments in the Ukrainian economy because we believe in Ukraine and its successful future.” Investments in renewable energy enable Kyivstar to diversify its approach to meeting energy needs and build greater operational stability. With electricity demand growing alongside data traffic expansion, green energy projects support Kyivstar’s long-term energy strategy while strengthening Ukraine’s energy sector and advancing sustainable development goals. Kyivstar will continue to invest in initiatives that combine technological efficiency, alignment with ESG principles and support for the Ukrainian economy. 1 The revenue and EBITDA are based on unaudited management accounts.
The presentation is available on the Kyivstar website here: https://investors.kyivstar.ua/static-files/51167345-3622-4cd7-8e05-1992ce34fbc7 About Kyivstar Group Ltd. Kyivstar Group Ltd. is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to list on a U.S. stock exchange. Kyivstar’s companies provide a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity. For more information, please visit https://investors.kyivstar.ua. Nasdaq tickers: KYIV; KYIVW About JSC Kyivstar JSC Kyivstar is Ukraine’s leading digital operator, serving more than 22 million mobile customers and over 1.2 million fixed-line home internet customers as of March 31, 2026. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, cloud solutions, cybersecurity services, digital TV, and more. JSC Kyivstar is wholly owned by Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), shares of which are traded on the U.S. stock exchange Nasdaq. The company contributes to overcoming the challenges of wartime and over the past three years has allocated over UAH 4.4 billion to support the Defense Forces, its subscribers, and the implementation of social projects. JSC Kyivstar has operated in Ukraine for 28 years and is recognized as the largest taxpayer in the digital communications market, a top employer, and a socially responsible company. Additional information: pr@kyivstar.net, www.kyivstar.ua. Disclaimer This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to, among other things, Kyivstar Group’s strategy and investments in renewable energy, expected solar generation volumes, the anticipated economic effects of the transaction, and the partial hedging benefits described above. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the acquisition of the six solar power plants in the Lviv region, among others discussed in the section entitled “Risk Factors” included in Kyivstar Group’s annual report on Form 20-F with the U.S. Securities and Exchange Commission (“SEC”) on March 16, 2026, as amended and supplemented from time to time and in any other subsequent filings with the SEC by Kyivstar Group. The forward-looking statements contained herein speak only as of the date of this release and Kyivstar Group disclaims any obligation to update them, except as required by applicable laws. Additionally, this press release includes certain financial information and data of the acquired solar businesses derived from preliminary, unaudited management accounts as of the dates indicated and is subject to completion of customary financial closing, review, and audit procedures. This information is provided for informational purposes only and should not be regarded as a complete
statement of financial results or relied upon as necessarily indicative of historical or future performance.
26CF7F EC2BF72C2C2C text 874BA1 FFC836 numbers F41C3A F7AB08 CE9F11 E5E5E5 F7F7F7 2638902AC2B5 FFFFFF D9D9D9 fill FFFFFF 90% opacity 592C70 0F1F59177769 994AA5 6D307A main pallete 00061A AA6ACC 5C73C667E8D9C382D1 D4ABEF 9BB0EABDFFF5F1D7F7 21E8CF 2949C1EC2BF7 May 26, 2026 | Investor Presentation Kyivstar Group Ltd. ▪ Diversifies energy needs, hedges electricity costs ▪ Supports Ukraine’s renewable energy industry Acquisition of Six Lviv Solar Plants, Combined 105 MW Capacity
26CF7F EC2BF72C2C2C text 874BA1 FFC836 numbers F41C3A F7AB08 CE9F11 E5E5E5 F7F7F7 2638902AC2B5 FFFFFF D9D9D9 fill FFFFFF 90% opacity 592C70 0F1F59177769 994AA5 6D307A main pallete 00061A AA6ACC 5C73C667E8D9C382D1 D4ABEF 9BB0EABDFFF5F1D7F7 21E8CF 2949C1EC2BF7 2 DISCLAIMER AND NOTICE TO READERS This presentation includes certain historical financial information and data relating to the six solar power plants acquired in the Lviv region for periods prior to their acquisition by Kyivstar Group. Such information is derived from standalone but unaudited carved-out financial statements of the acquired plants, was prepared prior to the acquisition, and has not been reviewed or audited by Kyivstar Group’s independent registered public accounting firm. The unaudited historical financial information is subject to further review, revision and transaction-related accounting or other adjustments, and may be revised, potentially materially, and is therefore being provided for informational purposes only. Accordingly, this information may not be indicative of final historical results or future performance. This presentation includes certain financial and operating measures relating to the acquired solar power plants, including EBITDA, that are not prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) or International Financial Reporting Standards (“IFRS”). These non-GAAP/non-IFRS measures, and other measures that are calculated using these non-GAAP/non-IFRS measures, are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP or IFRS and should not be considered as an alternative or substitute to those determined in accordance with GAAP or IFRS. The Company believes these non-GAAP/non-IFRS financial measures provide useful information regarding the historical performance of the acquired solar power plants. These non-GAAP/non-IFRS measures have limitations, including potential differences in definition from those used by other companies, which may affect comparability. This presentation contains "forward-looking statements," as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to Kyivstar Group's acquisition of consolidated capacities of six solar power plants and its expected energy production. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the acquisition of consolidated capacities of six solar power plants, among others discussed in the section entitled "Risk Factors" included in Kyivstar Group's annual report on Form 20-F for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission ("SEC") on March 16, 2026, as amended and supplemented from time to time, and in any other subsequent filings with the SEC by Kyivstar Group. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Kyivstar Group undertakes no obligation to update or revise any forward-looking statements contained in this presentation, except as required by applicable law. This presentation is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
26CF7F EC2BF72C2C2C text 874BA1 FFC836 numbers F41C3A F7AB08 CE9F11 E5E5E5 F7F7F7 2638902AC2B5 FFFFFF D9D9D9 fill FFFFFF 90% opacity 592C70 0F1F59177769 994AA5 6D307A main pallete 00061A AA6ACC 5C73C667E8D9C382D1 D4ABEF 9BB0EABDFFF5F1D7F7 21E8CF 2949C1EC2BF7 Invest into infrastructure reconstruction and preemptive network resistance Grow digital ecosystem through adjacent acquisitions Grow fixed broadband market share via targeted acquisitions Deploy capital into real assets that mitigate inflation and / or currency risk 3 INORGANIC GROWTH STRATEGY: CREATE VALUE BY ACQUIRING LOCAL ASSETS DURING CAPITAL CONTROLS • Diversify energy needs, enhance ability to manage electricity costs • Support Ukrainian economy, develop renewable energy industry • Enhance ESG profile with tangible, measurable outcomes Renewable energy investments Key priorities SUNVIN 11 LLC Dec 2025 6 solar power plants May 2026
26CF7F EC2BF72C2C2C text 874BA1 FFC836 numbers F41C3A F7AB08 CE9F11 E5E5E5 F7F7F7 2638902AC2B5 FFFFFF D9D9D9 fill FFFFFF 90% opacity 592C70 0F1F59177769 994AA5 6D307A main pallete 00061A AA6ACC 5C73C667E8D9C382D1 D4ABEF 9BB0EABDFFF5F1D7F7 21E8CF 2949C1EC2BF7 SIX SOLAR PLANTS ACQUIRED IN LVIV REGION Acquired assets 118 MW capacity (including Sunvin) is ≈30% of Kyivstar’s annual consumption for telecom business Transaction benefits Diversifies energy sources Hedge energy costs Solar plants to supply electricity to Ukraine’s energy grid at market price with green-energy tariffs 4 105 MW INSTALLED CAPACITY Lviv region LOCATION Acquisition terms Total consideration of UAH 3.6 bn (USD 80.8 mn3) Longer-term monetization potential Near-term resilience today; monetizable, non-core assets over time Light-touch setup Employee-light setup with technical and operational management outsourced to operate the stations USD 0.77 mn PER MW Accretive FROM DAY ONE 1. The EBITDA measure provided is from unaudited management accounts for the year ended December 31, 2025. A reconciliation to the most directly comparable GAAP or IFRS measures is not provided because such quantitative reconciliation is not available without unreasonable efforts. Kyivstar Group is unable to assess the probable significance of the unavailable information and the quantification of these items would require significant estimates and judgments and could be material and unpredictable in amount or timing. Solar power portfolio • Six solar power plants, commissioned over 2017-2025 • Generated circa UAH 682 mn revenue and UAH 596 mn EBITDA 1 in 2025 2 2. The revenue and EBITDA numbers presented herein are derived from preliminary, unaudited management accounts as of December 31, 2025 and remain subject to completion of customary financial closing procedures, review, and audit. These amounts may include rounding adjustments and may not recalculate exactly. While this information has been prepared on a basis believed to be reasonable, it remains subject to revision and may change materially due to final adjustments, audit processes, transaction accounting determinations, and other adjustments. Accordingly, actual results for presented and future periods may differ from the preliminary information presented, and such differences may be material. This information is provided for informational purposes only and should not be regarded as a complete statement of financial results or relied upon as necessarily indicative of historical or future performance. 3. At an exchange rate of 44.25 UAH to 1 USD.
26CF7F EC2BF72C2C2C text 874BA1 FFC836 numbers F41C3A F7AB08 CE9F11 E5E5E5 F7F7F7 2638902AC2B5 FFFFFF D9D9D9 fill FFFFFF 90% opacity 592C70 0F1F59177769 994AA5 6D307A main pallete 00061A AA6ACC 5C73C667E8D9C382D1 D4ABEF 9BB0EABDFFF5F1D7F7 21E8CF 2949C1EC2BF7 5 EXECUTING OUR INORGANIC GROWTH STRATEGY Increased ownership in Helsi from 69.99% to 97.99% Announced acquisition of 97% stake in Uklon Launched Starlink Direct to Cell Satellite Connectivity in Ukraine November March May November Announced acquisition of Tabletki.ua to further expand digital healthcare offering February Acquired valuable new spectrum in an auction to support mobile network capacity and coverage Announced acquisition of SUNVIN 11, owner of an operational solar plant with 12.9 MW capacity December 2024 2025 2026 Announced acquisition of Shtorm to expand fixed broadband market share May Announced Starlink reseller agreement to provide high-speed internet services to Ukrainian businesses and public institutions Announced acquisition of 6 solar power plants in Lviv region with 105 MW capacity to further diversify energy sources