Company research
VEON Ltd.
CIK 1468091Updated Nov 9, 2026
SecurityVEON · NASDAQ · adr
Name history
VimpelCom Ltd. · through Mar 28, 2017
VEON price & chart
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NASDAQ:VEON on TradingView ↗About the company
VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity customers and more than 228 million digital users. 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. AI1440 is VEON’s group-wide strategy to embed artificial intelligence across its operations and consumer and enterprise offerings, augmenting human capabilities and creating economic value throughout its markets. The name reflects VEON’s ambition to apply AI throughout all 1,440 minutes of the day.
Financials
FY 2025 · USDSource
Source
Source
cash flow · annual statements
| Line item | Q4 2021 | Q4 2020 | Q3 2021 | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | Q2 2021 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Profit or LossUSD | — | — | 195,000,000Source | 608,000,000Source | 89,000,000Source | 271,000,000Source | 184,000,000Source | 127,000,000Source | 591,000,000Source | 487,000,000Source | -2,450,000,000Source | -9,000,000Source |
| Cash flows from financing activities: | ||||||||||||
| Dividends paid | — | — | —Source | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Additional Financial Items | ||||||||||||
| AdjustmentsForCurrentTaxOfPriorPeriodUSD | — | — | — | — | — | — | — | — | -3,000,000Source | 7,000,000Source | 13,000,000Source | 10,000,000Source |
| AdjustmentsForDeferredTaxOfPriorPeriodsUSD | — | — | — | — | — | — | — | — | -2,000,000Source | 3,000,000Source | 1,000,000Source | -5,000,000Source |
| AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossUSD | — | — | — | — | — | — | — | — | 811,000,000Source | 731,000,000Source | 729,000,000Source | 671,000,000Source |
| AdjustmentsForFinanceCostsUSD | — | — | — | — | — | — | — | — | 535,000,000Source | 495,000,000Source | 531,000,000Source | 583,000,000Source |
| AdjustmentsForFinanceIncomeUSD | — | — | — | — | — | — | — | — | 52,000,000Source | 49,000,000Source | 60,000,000Source | 32,000,000Source |
| AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociatesUSD | — | — | — | — | — | — | — | — | 400,000,000Source | 145,000,000Source | 0Source | 88,000,000Source |
| AdjustmentsForUnrealisedForeignExchangeLossesGainsUSD | — | — | — | — | — | — | — | — | 41,000,000Source | -9,000,000Source | — | — |
| GoodwillUSD | — | — | 1,406,000,000Source | 382,000,000Source | 345,000,000Source | 349,000,000Source | 1,255,000,000Source | 2,684,000,000Source | 399,000,000Source | 338,000,000Source | 349,000,000Source | 394,000,000Source |
| InterestPaidClassifiedAsFinancingActivitiesUSD | — | — | — | — | — | — | — | — | 399,000,000Source | 431,000,000Source | 489,000,000Source | 489,000,000Source |
| InterestPaidClassifiedAsOperatingActivitiesUSD | — | — | — | — | — | — | — | — | 399,000,000Source | 431,000,000Source | 489,000,000Source | 489,000,000Source |
| InterestReceivedClassifiedAsOperatingActivitiesUSD | — | — | — | — | — | — | — | — | 44,000,000Source | 43,000,000Source | 53,000,000Source | 25,000,000Source |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesUSD | — | — | — | — | — | — | — | — | 250,000,000Source | — | — | — |
| PaymentsToAcquireOrRedeemEntitysSharesUSD | — | — | — | — | — | — | — | — | 105,000,000Source | 8,000,000Source | — | — |
| ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivitiesUSD | — | — | — | — | — | — | — | — | 10,000,000Source | 102,000,000Source | — | — |
| PurchaseOfIntangibleAssetsClassifiedAsInvestingActivitiesUSD | — | — | — | — | — | — | — | — | 216,000,000Source | 280,000,000Source | 235,000,000Source | 376,000,000Source |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | — | — | — | — | — | — | 1,296,000,000Source | 1,483,000,000Source | 1,098,000,000Source | 1,619,000,000Source |
income statement · annual statements
| Line item | Q4 2021 | Q4 2020 | Q3 2021 | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | Q2 2021 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selling, General and Administrative ExpenseUSD | — | — | 631,000,000Source | 464,000,000Source | 446,000,000Source | 391,000,000Source | 373,000,000Source | 626,000,000Source | 1,883,000,000Source | 1,799,000,000Source | 1,646,000,000Source | 1,533,000,000Source |
| Total RevenueUSD | — | — | 2,005,000,000Source | 1,087,000,000Source | 1,027,000,000Source | 916,000,000Source | 957,000,000Source | 1,902,000,000Source | 4,399,000,000Source | 4,004,000,000Source | 3,698,000,000Source | 3,755,000,000Source |
| Additional Financial Items | ||||||||||||
| AverageEffectiveTaxRatenumber | — | — | 0.47Source | -0.11Source | -0.37Source | -0.21Source | -0.62Source | -0.42Source | 0.25Source | 0.31Source | 0.32Source | 0.09Source |
| BasicEarningsLossPerShareUSD per share | — | — | 0.09Source | 0.34Source | 0.04Source | 0.14Source | 0.08Source | 0.06Source | 0.3Source | 0.23Source | -1.44Source | -0.09Source |
| CurrentTaxExpenseIncomeUSD | — | — | 89,000,000Source | 168,000,000Source | 90,000,000Source | 78,000,000Source | 98,000,000Source | 77,000,000Source | 306,000,000Source | 284,000,000Source | 249,000,000Source | 271,000,000Source |
| DeferredTaxExpenseIncomeUSD | — | — | 22,000,000Source | -94,000,000Source | -37,000,000Source | -38,000,000Source | -27,000,000Source | 8,000,000Source | -109,000,000Source | -74,000,000Source | -83,000,000Source | -212,000,000Source |
| DeferredTaxExpenseIncomeRecognisedInProfitOrLossUSD | — | — | — | — | — | — | — | — | 109,000,000Source | 74,000,000Source | 82,000,000Source | 212,000,000Source |
| DepreciationPropertyPlantAndEquipmentIncludingRightofuseAssetsUSD | — | — | — | — | — | — | — | — | 578,000,000Source | 529,000,000Source | — | — |
| DepreciationRightofuseAssetsUSD | — | — | — | — | — | — | — | — | — | 155,000,000Source | 146,000,000Source | 139,000,000Source |
| DilutedEarningsLossPerShareUSD per share | — | — | 0.09Source | 0.34Source | 0.04Source | 0.14Source | 0.08Source | 0.06Source | 0.3Source | 0.23Source | -1.44Source | -0.09Source |
| EmployeeBenefitsExpenseUSD | — | — | — | — | — | — | — | — | 481,000,000Source | 437,000,000Source | 416,000,000Source | 411,000,000Source |
| ExpenseFromSharebasedPaymentTransactionsWithEmployeesUSD | — | — | — | 9,000,000Source | 12,000,000Source | — | — | — | 31,000,000Source | 36,000,000Source | 21,000,000Source | — |
| FinanceCostsUSD | — | — | 186,000,000Source | 127,000,000Source | 117,000,000Source | 140,000,000Source | 142,000,000Source | 157,000,000Source | 535,000,000Source | 495,000,000Source | 531,000,000Source | 583,000,000Source |
| FinanceIncomeUSD | — | — | 5,000,000Source | 10,000,000Source | 11,000,000Source | 17,000,000Source | 5,000,000Source | 3,000,000Source | 52,000,000Source | 49,000,000Source | 60,000,000Source | 32,000,000Source |
| GainsLossesRecognisedWhenControlInSubsidiaryIsLostUSD | — | — | — | 497,000,000Source | 0Source | 3,000,000Source | -30,000,000Source | 0Source | 400,000,000Source | 145,000,000Source | 0Source | — |
| ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssetsUSD | — | — | — | — | — | — | — | — | 12,000,000Source | 6,000,000Source | — | — |
| ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossUSD | — | — | — | — | — | — | — | — | 9,000,000Source | 3,000,000Source | -6,000,000Source | -107,000,000Source |
| IncomeTaxExpenseContinuingOperationsUSD | — | — | 111,000,000Source | 74,000,000Source | 53,000,000Source | 40,000,000Source | 71,000,000Source | 85,000,000Source | 194,000,000Source | 217,000,000Source | 179,000,000Source | 69,000,000Source |
| ProfitLossAttributableToNoncontrollingInterestsUSD | — | — | 50,000,000Source | 13,000,000Source | 21,000,000Source | 21,000,000Source | 48,000,000Source | 27,000,000Source | 59,000,000Source | 72,000,000Source | 78,000,000Source | 153,000,000Source |
| ProfitLossBeforeTaxUSD | — | — | 238,000,000Source | 682,000,000Source | 142,000,000Source | 188,000,000Source | 114,000,000Source | 204,000,000Source | 785,000,000Source | 704,000,000Source | 559,000,000Source | 802,000,000Source |
| ProfitLossFromOperatingActivitiesUSD | — | — | 413,000,000Source | 820,000,000Source | 278,000,000Source | 242,000,000Source | 225,000,000Source | 355,000,000Source | 1,439,000,000Source | 1,110,000,000Source | 929,000,000Source | 1,163,000,000Source |
| ImpairmentLossRecognisedInProfitOrLossGoodwill | — | — | — | — | — | — | — | — | — | — | — | — |
| ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill | — | — | — | — | — | — | — | — | — | — | — | — |
Filing attachments
ea029341601ex99-1.htm · 6-K · 2026-06-17
Exhibit 99.1 THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014, AS AMENDED (“MAR”). NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 17 June 2026 VEON MidCo B.V. Announces Expiration and Final Results of Tender Offer On 18 May 2026, V…
Read attachment ↗ea029294201ex99-1.htm · 6-K · 2026-06-02
Exhibit 99.1 THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014, AS AMENDED (“MAR”). NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 2 June 2026 VEON MidCo B.V. Announces Early Results of the Tender Offer On 18 May 2026, VEON MidCo B.…
Read attachment ↗ea029294201ex99-2.htm · 6-K · 2026-06-02
Exhibit 99.2 VEON Closes USD 1.4 Billion Bond Offering, Refinancing 2027 Notes Ahead of Schedule Dubai and New York, June 2, 2026 - VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), today announces the successful closing of a USD 1.4 billion dual-tranche senior unsecured notes offering (the “Offering”) by its subsidiary VEON Midco B.V. (the “Issuer”). The Offering refinances substantially all of VEON’s debt maturing in 2027 ahead of schedule and reflects sustained …
Read attachment ↗ea029170701ex99-1.htm · 6-K · 2026-05-20
Exhibit 99.1 THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014, AS AMENDED (“MAR”). NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 20 May 2026 VEON MidCo B.V. Announces Upsize of Tender Offer On 18 May 2026, VEON MidCo B.V., a priva…
Read attachment ↗ea029148301ex99-1.htm · 6-K · 2026-05-20
Exhibit 99.1 VEON Successfully Prices USD 1.4 Billion Bond Offering Dubai and New York, May 19, 2026 - VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), today announces that its subsidiary VEON Midco B.V. (the “Issuer”) has priced its previously announced USD 1.4 billion bond offering (the “Offering”) of senior unsecured US dollar notes, guaranteed by VEON Amsterdam B.V. (the “Guarantor”), in two tranches (together, the “Notes”): USD 700 million 6.95% Senior No…
Read attachment ↗ea029098101ex99-1.htm · 6-K · 2026-05-18
Exhibit 99.1 VEON Announces Investor Meetings for Potential Dual Tranche USD Notes Offering and Related Tender Offer for 2027 Notes Dubai and New York, May 18, 2026 - VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), today announces that its subsidiary VEON MidCo B.V. has initiated a series of investor meetings in connection with a potential offering (the “Offering”) of unsecured US dollar medium term notes in two tranches: a five-year tranche, non-callable for two…
Read attachment ↗