VEON Key Executives
This section highlights VEON's key executives, including their titles and compensation details.
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VEON Earnings
This section highlights VEON's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-20 | $0.77 | $0.98 |
| Read Transcript | Q3 | 2024 | 2024-11-14 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-10 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-16 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-21 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-20 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-03 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-04 | N/A | N/A |
Financial Statements
Access annual & quarterly financial statements for VEON, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $3.70B | $3.75B | $7.79B | $7.98B | $8.86B |
| Cost of Revenue | $441.00M | $476.00M | $1.88B | $1.89B | $2.03B |
| Gross Profit | $3.26B | $3.28B | $5.91B | $6.09B | $6.83B |
| Gross Profit Ratio | 88.07% | 87.32% | 75.86% | 76.32% | 77.06% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.56B | $1.48B | $2.47B | $2.52B | $2.74B |
| Selling and Marketing Expenses | $- | $- | $- | $119.00M | $224.00M |
| Selling General and Administrative Expenses | $1.56B | $1.48B | $2.47B | $2.64B | $2.96B |
| Other Expenses | $770.00M | $-2.72B | $1.93B | $1.91B | $1.70B |
| Operating Expenses | $2.33B | $-2.72B | $4.40B | $4.55B | $4.66B |
| Cost and Expenses | $2.62B | $-2.72B | $6.28B | $6.45B | $6.69B |
| Interest Income | $60.00M | $32.00M | $16.00M | $23.00M | $53.00M |
| Interest Expense | $531.00M | $1.42B | $690.00M | $683.00M | $892.00M |
| Depreciation and Amortization | $735.00M | $778.00M | $799.00M | $1.74B | $2.05B |
| EBITDA | $1.82B | $2.16B | $1.85B | $2.33B | $4.12B |
| EBITDA Ratio | 49.35% | 57.60% | 23.81% | 29.24% | 46.47% |
| Operating Income | $929.00M | $1.04B | $1.54B | $1.67B | $2.02B |
| Operating Income Ratio | 25.12% | 27.67% | 19.83% | 20.91% | 22.78% |
| Total Other Income Expenses Net | $-370.00M | $-361.00M | $-559.00M | $-450.00M | $-975.00M |
| Income Before Tax | $559.00M | $676.00M | $908.00M | $26.00M | $1.18B |
| Income Before Tax Ratio | 15.12% | 18.00% | 11.66% | 0.33% | 13.33% |
| Income Tax Expense | $179.00M | $-61.00M | $258.00M | $342.00M | $498.00M |
| Net Income | $-2.53B | $737.00M | $674.00M | $-316.00M | $621.00M |
| Net Income Ratio | -68.36% | 19.63% | 8.65% | -3.96% | 7.01% |
| EPS | $-35.99 | $10.51 | $9.61 | $-4.52 | $8.88 |
| EPS Diluted | $-35.47 | $10.46 | $9.57 | $-4.52 | $8.88 |
| Weighted Average Shares Outstanding | 70.24M | 70.12M | 70.12M | 69.96M | 69.96M |
| Weighted Average Shares Outstanding Diluted | 71.28M | 70.44M | 70.44M | 69.96M | 69.96M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $1.03B | $942.00M | $953.00M | $945.00M | $916.00M | $884.00M | $940.00M | $2.08B | $2.01B | $1.82B | $2.05B | $2.00B | $2.06B | $1.99B | $2.00B | $1.99B | $1.89B | $2.10B | $2.25B |
| Cost of Revenue | $325.00M | $301.00M | $303.00M | $- | $294.00M | $110.00M | $298.00M | $821.00M | $977.00M | $431.00M | $853.00M | $498.00M | $486.00M | $509.00M | $467.00M | $497.00M | $484.00M | $439.00M | $470.00M | $556.00M |
| Gross Profit | $712.00M | $725.00M | $639.00M | $953.00M | $651.00M | $806.00M | $586.00M | $119.00M | $1.10B | $1.58B | $970.00M | $1.55B | $1.52B | $1.56B | $1.52B | $1.50B | $1.51B | $1.45B | $1.63B | $1.70B |
| Gross Profit Ratio | 68.66% | 70.66% | 67.83% | 100.00% | 68.89% | 87.99% | 66.29% | 12.66% | 52.96% | 78.54% | 53.21% | 75.73% | 75.76% | 75.35% | 76.52% | 75.14% | 75.72% | 76.80% | 77.59% | 75.33% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.35B | $- | $646.00M | $706.00M | $540.00M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-676.00M | $- | $- | $- | $224.00M |
| Selling General and Administrative Expenses | $457.00M | $446.00M | $437.00M | $- | $394.00M | $391.00M | $382.00M | $538.00M | $730.00M | $666.00M | $645.00M | $619.00M | $631.00M | $677.00M | $647.00M | $676.00M | $613.00M | $646.00M | $706.00M | $764.00M |
| Other Expenses | $- | $- | $- | $- | $- | $12.00M | $- | $-694.00M | $- | $505.00M | $- | $4.00M | $17.00M | $2.00M | $5.00M | $11.00M | $-1.00M | $86.00M | $15.00M | $7.00M |
| Operating Expenses | $457.00M | $748.00M | $437.00M | $697.00M | $394.00M | $575.00M | $382.00M | $-694.00M | $730.00M | $1.17B | $645.00M | $1.19B | $1.10B | $1.18B | $1.13B | $1.14B | $1.08B | $1.12B | $1.21B | $1.29B |
| Cost and Expenses | $782.00M | $748.00M | $740.00M | $697.00M | $688.00M | $685.00M | $680.00M | $-694.00M | $1.71B | $1.60B | $1.50B | $1.68B | $1.59B | $1.69B | $1.60B | $1.64B | $1.57B | $1.56B | $1.68B | $1.85B |
| Interest Income | $10.00M | $11.00M | $- | $108.00M | $16.00M | $17.00M | $16.00M | $13.00M | $10.00M | $7.00M | $148.00M | $6.00M | $5.00M | $3.00M | $2.00M | $3.00M | $5.00M | $6.00M | $9.00M | $9.00M |
| Interest Expense | $123.00M | $117.00M | $- | $107.00M | $132.00M | $140.00M | $140.00M | $125.00M | $242.00M | $222.00M | $- | $183.00M | $186.00M | $164.00M | $166.00M | $115.00M | $177.00M | $184.00M | $207.00M | $222.00M |
| Depreciation and Amortization | $181.00M | $180.00M | $184.00M | $183.00M | $187.00M | $184.00M | $181.00M | $202.00M | $518.00M | $507.00M | $446.00M | $487.00M | $472.00M | $502.00M | $488.00M | $461.00M | $1.13B | $475.00M | $508.00M | $537.00M |
| EBITDA | $598.00M | $462.00M | $386.00M | $452.00M | $503.00M | $512.00M | $385.00M | $1.06B | $938.00M | $933.00M | $439.00M | $925.00M | $896.00M | $882.00M | $883.00M | $702.00M | $115.00M | $902.00M | $910.00M | $945.00M |
| EBITDA Ratio | 57.67% | 45.03% | 40.98% | 47.43% | 53.23% | 55.90% | 43.55% | 112.55% | 45.16% | 46.46% | 24.08% | 45.08% | 44.69% | 42.71% | 44.39% | 35.12% | 5.77% | 47.67% | 43.40% | 41.93% |
| Operating Income | $255.00M | $278.00M | $202.00M | $226.00M | $257.00M | $242.00M | $204.00M | $246.00M | $370.00M | $370.00M | $325.00M | $417.00M | $413.00M | $374.00M | $378.00M | $267.00M | $-366.00M | $327.00M | $407.00M | $383.00M |
| Operating Income Ratio | 24.59% | 27.10% | 21.44% | 23.71% | 27.20% | 26.42% | 23.08% | 26.17% | 17.81% | 18.43% | 17.83% | 20.32% | 20.60% | 18.11% | 19.00% | 13.36% | -18.36% | 17.28% | 19.41% | 16.99% |
| Total Other Income Expenses Net | $39.00M | $-136.00M | $-83.00M | $-77.00M | $-73.00M | $-54.00M | $-168.00M | $-29.00M | $-192.00M | $-65.00M | $-509.00M | $-86.00M | $-179.00M | $-142.00M | $-149.00M | $-206.00M | $-957.00M | $-84.00M | $-218.00M | $-197.00M |
| Income Before Tax | $294.00M | $142.00M | $119.00M | $148.00M | $184.00M | $188.00M | $36.00M | $217.00M | $178.00M | $204.00M | $-184.00M | $253.00M | $238.00M | $216.00M | $229.00M | $121.00M | $-533.00M | $243.00M | $195.00M | $186.00M |
| Income Before Tax Ratio | 28.35% | 13.84% | 12.63% | 15.53% | 19.47% | 20.52% | 4.07% | 23.09% | 8.57% | 10.16% | -10.09% | 12.33% | 11.87% | 10.46% | 11.51% | 6.05% | -26.74% | 12.84% | 9.30% | 8.25% |
| Income Tax Expense | $67.00M | $53.00M | $41.00M | $57.00M | $53.00M | $40.00M | $23.00M | $-79.00M | $-59.00M | $81.00M | $-26.00M | $-25.00M | $111.00M | $89.00M | $91.00M | $87.00M | $111.00M | $68.00M | $75.00M | $138.00M |
| Net Income | $209.00M | $68.00M | $57.00M | $72.00M | $448.00M | $250.00M | $343.00M | $296.00M | $210.00M | $136.00M | $-141.00M | $299.00M | $145.00M | $100.00M | $130.00M | $7.00M | $-620.00M | $156.00M | $108.00M | $22.00M |
| Net Income Ratio | 20.15% | 6.63% | 6.05% | 7.56% | 47.41% | 27.29% | 38.80% | 31.49% | 10.11% | 6.77% | -7.73% | 14.57% | 7.23% | 4.84% | 6.54% | 0.35% | -31.11% | 8.25% | 5.15% | 0.98% |
| EPS | $2.95 | $0.97 | $0.81 | $0.97 | $6.38 | $3.56 | $4.89 | $4.39 | $3.00 | $2.00 | $-2.02 | $4.25 | $2.25 | $1.50 | $1.75 | $0.10 | $-8.75 | $2.25 | $1.50 | $0.32 |
| EPS Diluted | $2.95 | $0.97 | $0.81 | $0.97 | $6.38 | $3.56 | $4.89 | $4.22 | $3.00 | $2.00 | $-2.02 | $4.25 | $2.25 | $1.50 | $1.75 | $0.10 | $-8.75 | $2.25 | $1.50 | $0.32 |
| Weighted Average Shares Outstanding | 70.74M | 68.00M | 70.24M | 73.93M | 70.23M | 70.14M | 70.14M | 67.37M | 70.07M | 68.00M | 69.97M | 66.19M | 64.44M | 66.67M | 74.29M | 66.88M | 70.86M | 69.33M | 72.00M | 68.43M |
| Weighted Average Shares Outstanding Diluted | 70.74M | 68.00M | 70.24M | 73.93M | 70.23M | 70.14M | 70.14M | 70.13M | 70.07M | 68.00M | 69.97M | 67.47M | 64.44M | 66.67M | 74.29M | 68.16M | 70.86M | 69.33M | 72.00M | 68.43M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.90B | $3.11B | $2.25B | $1.59B | $1.25B |
| Short Term Investments | $433.00M | $904.00M | $86.00M | $165.00M | $82.00M |
| Cash and Short Term Investments | $2.33B | $4.01B | $2.34B | $1.76B | $1.33B |
| Net Receivables | $645.00M | $577.00M | $920.00M | $544.00M | $644.00M |
| Inventory | $23.00M | $18.00M | $111.00M | $111.00M | $169.00M |
| Other Current Assets | $155.00M | $5.95B | $184.00M | $176.00M | $196.00M |
| Total Current Assets | $3.16B | $9.81B | $5.42B | $2.85B | $2.50B |
| Property Plant Equipment Net | $2.90B | $4.41B | $6.72B | $6.88B | $7.34B |
| Goodwill | $349.00M | $394.00M | $1.54B | $2.68B | $3.96B |
| Intangible Assets | $1.27B | $1.57B | $1.70B | $4.15B | $5.69B |
| Goodwill and Intangible Assets | $1.62B | $394.00M | $3.24B | $4.15B | $5.69B |
| Long Term Investments | $53.00M | $71.00M | $99.00M | $305.00M | $235.00M |
| Tax Assets | $312.00M | $274.00M | $228.00M | $186.00M | $134.00M |
| Other Non-Current Assets | $178.00M | $128.00M | $216.00M | $179.00M | $163.00M |
| Total Non-Current Assets | $5.06B | $5.28B | $10.50B | $11.70B | $13.56B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $8.22B | $15.10B | $15.92B | $14.55B | $16.06B |
| Account Payables | $1.20B | $1.09B | $2.03B | $1.95B | $1.85B |
| Short Term Debt | $- | $2.84B | $1.24B | $- | $2.58B |
| Tax Payables | $278.00M | $315.00M | $546.00M | $175.00M | $102.00M |
| Deferred Revenue | $144.00M | $159.00M | $212.00M | $216.00M | $225.00M |
| Other Current Liabilities | $1.96B | $4.47B | $743.00M | $2.07B | $1.01B |
| Total Current Liabilities | $3.58B | $6.58B | $4.77B | $4.41B | $5.77B |
| Long Term Debt | $- | $- | $9.40B | $8.83B | $7.76B |
| Deferred Revenue Non-Current | $13.00M | $10.00M | $20.00M | $17.00M | $18.00M |
| Deferred Tax Liabilities Non-Current | $26.00M | $36.00M | $115.00M | $127.00M | $141.00M |
| Other Non-Current Liabilities | $3.52B | $9.62B | $103.00M | $152.00M | $153.00M |
| Total Non-Current Liabilities | $3.56B | $7.74B | $9.64B | $9.13B | $8.07B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $7.15B | $14.32B | $14.42B | $13.54B | $13.84B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M |
| Retained Earnings | $-3.94B | $-1.41B | $-1.25B | $-1.92B | $-1.33B |
| Accumulated Other Comprehensive Income Loss | $-7.96B | $-10.78B | $-10.92B | $-10.67B | $-10.20B |
| Other Total Stockholders Equity | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B |
| Total Stockholders Equity | $858.00M | $776.00M | $586.00M | $163.00M | $1.23B |
| Total Equity | $1.07B | $974.00M | $1.50B | $1.01B | $2.22B |
| Total Liabilities and Stockholders Equity | $8.22B | $15.10B | $15.92B | $14.55B | $16.06B |
| Minority Interest | $213.00M | $198.00M | $919.00M | $850.00M | $994.00M |
| Total Liabilities and Total Equity | $8.22B | $15.10B | $15.92B | $14.55B | $16.06B |
| Total Investments | $486.00M | $904.00M | $185.00M | $470.00M | $317.00M |
| Total Debt | $- | $7.57B | $10.65B | $10.06B | $10.34B |
| Net Debt | $-1.90B | $4.46B | $8.39B | $8.46B | $9.09B |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | April 04, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.02B | $862.00M | $832.00M | $1.74B | $2.25B | $2.46B | $3.04B | $3.11B | $3.29B | $2.34B | $1.98B | $2.25B | $1.50B | $1.19B | $1.19B | $1.59B | $1.08B | $1.17B | $1.49B | $1.25B |
| Short Term Investments | $606.00M | $571.00M | $483.00M | $- | $159.00M | $137.00M | $145.00M | $904.00M | $119.00M | $113.00M | $91.00M | $86.00M | $32.00M | $68.00M | $165.00M | $165.00M | $216.00M | $276.00M | $361.00M | $82.00M |
| Cash and Short Term Investments | $1.62B | $1.43B | $1.31B | $1.74B | $2.41B | $2.59B | $3.19B | $4.01B | $3.41B | $2.45B | $2.07B | $2.34B | $1.53B | $1.26B | $1.36B | $1.76B | $1.30B | $1.44B | $1.85B | $1.33B |
| Net Receivables | $518.00M | $554.00M | $557.00M | $- | $497.00M | $510.00M | $485.00M | $446.00M | $824.00M | $877.00M | $751.00M | $920.00M | $707.00M | $750.00M | $696.00M | $544.00M | $564.00M | $472.00M | $443.00M | $644.00M |
| Inventory | $24.00M | $22.00M | $24.00M | $- | $22.00M | $19.00M | $19.00M | $18.00M | $133.00M | $115.00M | $91.00M | $111.00M | $112.00M | $123.00M | $110.00M | $111.00M | $98.00M | $102.00M | $114.00M | $169.00M |
| Other Current Assets | $356.00M | $233.00M | $230.00M | $976.00M | $191.00M | $4.99B | $201.00M | $5.34B | $365.00M | $2.25B | $312.00M | $184.00M | $2.64B | $366.00M | $405.00M | $176.00M | $303.00M | $350.00M | $332.00M | $196.00M |
| Total Current Assets | $2.52B | $2.24B | $2.13B | $2.71B | $3.12B | $8.12B | $3.89B | $9.81B | $4.73B | $5.70B | $3.22B | $5.42B | $4.99B | $2.50B | $2.57B | $2.85B | $2.26B | $2.37B | $2.74B | $2.50B |
| Property Plant Equipment Net | $2.90B | $2.87B | $2.93B | $4.18B | $2.72B | $2.73B | $2.66B | $4.41B | $7.36B | $8.33B | $6.38B | $6.72B | $6.45B | $7.24B | $6.91B | $6.88B | $6.16B | $6.68B | $6.21B | $7.34B |
| Goodwill | $343.00M | $345.00M | $353.00M | $349.00M | $341.00M | $349.00M | $353.00M | $394.00M | $1.15B | $1.25B | $952.00M | $1.54B | $2.68B | $2.68B | $1.43B | $2.68B | $2.61B | $3.57B | $3.40B | $3.96B |
| Intangible Assets | $1.14B | $1.17B | $1.23B | $- | $1.27B | $1.31B | $1.36B | $1.57B | $1.98B | $1.83B | $1.57B | $1.70B | $467.00M | $1.55B | $2.68B | $4.15B | $1.45B | $5.12B | $1.53B | $5.69B |
| Goodwill and Intangible Assets | $1.48B | $1.51B | $1.58B | $349.00M | $1.61B | $1.66B | $1.71B | $394.00M | $3.12B | $3.09B | $2.52B | $3.24B | $3.15B | $4.23B | $4.11B | $4.15B | $4.07B | $5.12B | $4.93B | $5.69B |
| Long Term Investments | $76.00M | $62.00M | $85.00M | $- | $63.00M | $63.00M | $69.00M | $71.00M | $117.00M | $125.00M | $90.00M | $99.00M | $57.00M | $369.00M | $319.00M | $305.00M | $287.00M | $281.00M | $269.00M | $235.00M |
| Tax Assets | $- | $345.00M | $327.00M | $- | $314.00M | $300.00M | $282.00M | $-71.00M | $333.00M | $234.00M | $223.00M | $228.00M | $185.00M | $213.00M | $203.00M | $186.00M | $176.00M | $117.00M | $117.00M | $134.00M |
| Other Non-Current Assets | $517.00M | $298.00M | $216.00M | $978.00M | $4.76B | $146.00M | $5.62B | $473.00M | $179.00M | $225.00M | $2.09B | $216.00M | $200.00M | $206.00M | $193.00M | $179.00M | $165.00M | $173.00M | $163.00M | $163.00M |
| Total Non-Current Assets | $4.97B | $5.09B | $5.14B | $5.50B | $9.47B | $4.89B | $10.34B | $5.28B | $11.12B | $12.00B | $11.30B | $10.50B | $10.04B | $12.25B | $11.74B | $11.70B | $10.85B | $12.37B | $11.69B | $13.56B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $7.50B | $7.33B | $7.27B | $8.22B | $12.58B | $13.01B | $14.23B | $15.10B | $15.85B | $17.69B | $14.52B | $15.92B | $15.02B | $14.75B | $14.31B | $14.55B | $13.11B | $14.73B | $14.42B | $16.06B |
| Account Payables | $1.14B | $1.06B | $1.16B | $- | $951.00M | $1.00B | $968.00M | $1.09B | $1.79B | $1.87B | $1.78B | $2.03B | $1.85B | $1.97B | $1.89B | $1.95B | $1.68B | $1.53B | $1.39B | $1.85B |
| Short Term Debt | $1.35B | $1.35B | $643.00M | $- | $1.60B | $1.87B | $2.14B | $2.84B | $3.15B | $3.14B | $1.75B | $1.24B | $1.32B | $1.22B | $1.12B | $1.22B | $2.11B | $2.81B | $3.11B | $2.58B |
| Tax Payables | $- | $166.00M | $157.00M | $- | $154.00M | $160.00M | $150.00M | $- | $175.00M | $222.00M | $224.00M | $546.00M | $212.00M | $207.00M | $204.00M | $175.00M | $161.00M | $97.00M | $95.00M | $102.00M |
| Deferred Revenue | $- | $- | $157.00M | $- | $159.00M | $217.00M | $150.00M | $-2.84B | $177.00M | $- | $228.00M | $212.00M | $319.00M | $403.00M | $357.00M | $216.00M | $330.00M | $255.00M | $257.00M | $225.00M |
| Other Current Liabilities | $641.00M | $547.00M | $362.00M | $- | $332.00M | $5.11B | $1.46B | $5.50B | $745.00M | $1.27B | $594.00M | $743.00M | $1.45B | $1.09B | $1.08B | $849.00M | $1.01B | $1.03B | $1.12B | $1.01B |
| Total Current Liabilities | $3.13B | $3.12B | $2.48B | $2.20B | $3.20B | $8.14B | $4.87B | $6.58B | $6.04B | $6.51B | $4.58B | $4.77B | $4.83B | $4.48B | $4.29B | $4.41B | $4.97B | $5.47B | $5.71B | $5.77B |
| Long Term Debt | $2.98B | $2.99B | $3.53B | $- | $3.24B | $3.79B | $4.17B | $7.57B | $8.96B | $9.44B | $8.28B | $9.40B | $8.62B | $8.72B | $8.56B | $8.83B | $7.06B | $7.30B | $6.94B | $7.76B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $47.00M | $- | $- | $- | $- | $- | $20.00M | $91.00M | $149.00M | $137.00M | $17.00M | $116.00M | $121.00M | $114.00M | $18.00M |
| Deferred Tax Liabilities Non-Current | $- | $19.00M | $25.00M | $- | $25.00M | $20.00M | $35.00M | $- | $37.00M | $22.00M | $30.00M | $115.00M | $174.00M | $153.00M | $134.00M | $127.00M | $108.00M | $113.00M | $135.00M | $141.00M |
| Other Non-Current Liabilities | $113.00M | $126.00M | $79.00M | $- | $68.00M | $25.00M | $68.00M | $164.00M | $139.00M | $162.00M | $110.00M | $103.00M | $31.00M | $180.00M | $166.00M | $152.00M | $142.00M | $150.00M | $140.00M | $153.00M |
| Total Non-Current Liabilities | $3.09B | $3.13B | $3.65B | $4.95B | $8.12B | $3.88B | $8.44B | $7.74B | $9.13B | $9.62B | $8.80B | $9.64B | $8.91B | $9.05B | $8.86B | $9.13B | $7.31B | $7.56B | $7.22B | $8.07B |
| Other Liabilities | $- | $-51.00M | $- | $-2.20B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $6.22B | $6.20B | $6.13B | $4.94B | $11.31B | $12.02B | $13.31B | $14.32B | $15.17B | $16.13B | $13.37B | $14.42B | $13.74B | $13.53B | $13.16B | $13.54B | $12.28B | $13.03B | $12.93B | $13.84B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $10.78B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $2.00M | $2.00M | $2.00M | $1.08B | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M |
| Retained Earnings | $-3.61B | $-3.82B | $-3.88B | $- | $-374.00M | $-819.00M | $-1.07B | $-1.41B | $-1.64B | $-1.13B | $-1.22B | $-1.25B | $-1.55B | $-1.69B | $-1.79B | $-1.92B | $-1.93B | $-1.30B | $-1.49B | $-1.33B |
| Accumulated Other Comprehensive Income Loss | $-8.07B | $-8.03B | $-7.97B | $- | $-11.31B | $-11.15B | $-10.98B | $-10.78B | $-10.62B | $-11.04B | $-11.31B | $-10.92B | $-10.83B | $-10.66B | $-10.67B | $-10.67B | $-10.85B | $-10.64B | $-10.72B | $-10.20B |
| Other Total Stockholders Equity | $12.75B | $12.75B | $12.75B | $- | $12.75B | $12.75B | $12.75B | $2.19B | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B | $12.75B |
| Total Stockholders Equity | $1.07B | $911.00M | $903.00M | $1.08B | $1.07B | $782.00M | $701.00M | $776.00M | $489.00M | $591.00M | $227.00M | $586.00M | $379.00M | $401.00M | $298.00M | $163.00M | $-25.00M | $811.00M | $543.00M | $1.23B |
| Total Equity | $1.27B | $1.12B | $1.14B | $1.08B | $1.27B | $988.00M | $918.00M | $974.00M | $678.00M | $1.56B | $1.15B | $1.50B | $1.28B | $1.23B | $1.15B | $1.01B | $832.00M | $1.70B | $1.49B | $2.22B |
| Total Liabilities and Stockholders Equity | $7.50B | $7.33B | $7.27B | $8.22B | $12.58B | $13.01B | $14.23B | $15.10B | $15.85B | $17.69B | $14.52B | $15.92B | $15.02B | $14.75B | $14.31B | $14.55B | $13.11B | $14.73B | $14.42B | $16.06B |
| Minority Interest | $203.00M | $214.00M | $237.00M | $- | $205.00M | $206.00M | $217.00M | $198.00M | $189.00M | $972.00M | $923.00M | $919.00M | $898.00M | $825.00M | $849.00M | $850.00M | $857.00M | $891.00M | $949.00M | $994.00M |
| Total Liabilities and Total Equity | $7.50B | $7.33B | $7.27B | $8.22B | $12.58B | $13.01B | $14.23B | $15.10B | $15.85B | $17.69B | $14.52B | $15.92B | $15.02B | $14.75B | $14.31B | $14.55B | $13.11B | $14.73B | $14.42B | $16.06B |
| Total Investments | $682.00M | $633.00M | $568.00M | $- | $222.00M | $200.00M | $214.00M | $904.00M | $236.00M | $238.00M | $181.00M | $185.00M | $89.00M | $437.00M | $484.00M | $470.00M | $503.00M | $557.00M | $630.00M | $317.00M |
| Total Debt | $4.33B | $4.34B | $4.17B | $4.76B | $4.85B | $5.66B | $6.31B | $7.57B | $12.11B | $12.58B | $10.03B | $10.65B | $9.94B | $9.93B | $9.69B | $10.06B | $9.17B | $10.11B | $10.05B | $10.34B |
| Net Debt | $3.31B | $3.48B | $3.34B | $3.02B | $2.60B | $3.20B | $3.27B | $4.46B | $8.81B | $10.24B | $8.05B | $8.39B | $8.44B | $8.74B | $8.49B | $8.46B | $8.09B | $8.94B | $8.57B | $9.09B |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $559.00M | $802.00M | $908.00M | $26.00M | $1.18B |
| Depreciation and Amortization | $735.00M | $671.00M | $1.87B | $2.70B | $2.15B |
| Deferred Income Tax | $- | $157.00M | $-9.00M | $- | $-3.00M |
| Stock Based Compensation | $11.00M | $9.00M | $9.00M | $- | $3.00M |
| Change in Working Capital | $248.00M | $-66.00M | $-65.00M | $-2.00M | $-94.00M |
| Accounts Receivables | $- | $-154.00M | $-259.00M | $-107.00M | $-224.00M |
| Inventory | $- | $-12.00M | $-7.00M | $40.00M | $-28.00M |
| Accounts Payables | $143.00M | $52.00M | $202.00M | $94.00M | $52.00M |
| Other Working Capital | $105.00M | $48.00M | $-1.00M | $-29.00M | $106.00M |
| Other Non Cash Items | $558.00M | $984.00M | $-77.00M | $-285.00M | $-292.00M |
| Net Cash Provided by Operating Activities | $2.11B | $2.56B | $2.64B | $2.44B | $2.95B |
| Investments in Property Plant and Equipment | $-766.00M | $-1.01B | $-1.80B | $-1.78B | $-1.68B |
| Acquisitions Net | $- | $24.00M | $861.00M | $-10.00M | $-613.00M |
| Purchases of Investments | $-147.00M | $-14.00M | $-48.00M | $-45.00M | $-9.00M |
| Sales Maturities of Investments | $- | $14.00M | $48.00M | $45.00M | $622.00M |
| Other Investing Activities | $-1.32B | $-670.00M | $-246.00M | $-122.00M | $-205.00M |
| Net Cash Used for Investing Activities | $-2.24B | $-1.66B | $-1.18B | $-1.91B | $-1.89B |
| Debt Repayment | $-904.00M | $468.00M | $104.00M | $473.00M | $-368.00M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $-259.00M | $-520.00M |
| Other Financing Activities | $-241.00M | $-352.00M | $-848.00M | $-317.00M | $-751.00M |
| Net Cash Used Provided by Financing Activities | $-1.15B | $116.00M | $-744.00M | $-103.00M | $-1.64B |
| Effect of Forex Changes on Cash | $- | $-95.00M | $-23.00M | $-48.00M | $-9.00M |
| Net Change in Cash | $-1.20B | $868.00M | $578.00M | $382.00M | $-587.00M |
| Cash at End of Period | $1.90B | $3.11B | $2.24B | $1.59B | $1.20B |
| Cash at Beginning of Period | $3.11B | $2.24B | $1.66B | $1.20B | $1.79B |
| Operating Cash Flow | $2.11B | $2.56B | $2.64B | $2.44B | $2.95B |
| Capital Expenditure | $-531.00M | $-1.01B | $-1.80B | $-1.78B | $-1.68B |
| Free Cash Flow | $1.58B | $1.55B | $843.00M | $665.00M | $1.27B |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $209.00M | $68.00M | $57.00M | $-3.56B | $119.00M | $611.00M | $19.00M | $355.00M | $190.00M | $108.00M | $-169.00M | $253.00M | $238.00M | $188.00M | $229.00M | $121.00M | $-613.00M | $243.00M | $195.00M | $186.00M |
| Depreciation and Amortization | $181.00M | $180.00M | $184.00M | $- | $187.00M | $184.00M | $181.00M | $-764.00M | $518.00M | $507.00M | $446.00M | $503.00M | $472.00M | $404.00M | $494.00M | $461.00M | $1.13B | $475.00M | $508.00M | $537.00M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $34.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $9.00M | $- | $- | $- | $9.00M | $- | $- | $- | $- | $- | $- | $- | $10.00M |
| Change in Working Capital | $-32.00M | $-64.00M | $20.00M | $- | $21.00M | $10.00M | $2.00M | $-28.00M | $168.00M | $-38.00M | $-60.00M | $30.00M | $8.00M | $-28.00M | $-75.00M | $15.00M | $120.00M | $-53.00M | $-74.00M | $61.00M |
| Accounts Receivables | $-30.00M | $- | $-44.00M | $- | $17.00M | $-24.00M | $-27.00M | $-42.00M | $-82.00M | $3.00M | $-33.00M | $-89.00M | $-14.00M | $-72.00M | $-84.00M | $26.00M | $33.00M | $-14.00M | $-86.00M | $-43.00M |
| Inventory | $-1.00M | $- | $-5.00M | $- | $-7.00M | $-2.00M | $-7.00M | $-1.00M | $-31.00M | $18.00M | $2.00M | $1.00M | $6.00M | $-13.00M | $-1.00M | $-5.00M | $-51.00M | $22.00M | $23.00M | $-9.00M |
| Accounts Payables | $- | $-67.00M | $50.00M | $- | $-15.00M | $-10.00M | $8.00M | $- | $257.00M | $-50.00M | $-47.00M | $103.00M | $34.00M | $47.00M | $3.00M | $13.00M | $139.00M | $-77.00M | $19.00M | $58.00M |
| Other Working Capital | $-1.00M | $3.00M | $19.00M | $- | $26.00M | $36.00M | $28.00M | $15.00M | $24.00M | $-9.00M | $18.00M | $15.00M | $-18.00M | $10.00M | $7.00M | $-19.00M | $-1.00M | $16.00M | $-30.00M | $55.00M |
| Other Non Cash Items | $-41.00M | $17.00M | $368.00M | $3.56B | $698.00M | $67.00M | $782.00M | $965.00M | $864.00M | $1.07B | $1.32B | $-149.00M | $85.00M | $39.00M | $-52.00M | $-29.00M | $134.00M | $-186.00M | $-3.00M | $-120.00M |
| Net Cash Provided by Operating Activities | $317.00M | $201.00M | $262.00M | $- | $646.00M | $458.00M | $596.00M | $537.00M | $848.00M | $607.00M | $565.00M | $637.00M | $803.00M | $603.00M | $596.00M | $568.00M | $770.00M | $479.00M | $626.00M | $664.00M |
| Investments in Property Plant and Equipment | $-149.00M | $-245.00M | $-212.00M | $- | $-199.00M | $-171.00M | $-242.00M | $974.00M | $-381.00M | $-722.00M | $-505.00M | $-469.00M | $-346.00M | $-408.00M | $-573.00M | $-491.00M | $-316.00M | $-444.00M | $-449.00M | $-486.00M |
| Acquisitions Net | $- | $- | $96.00M | $- | $- | $-1.00M | $- | $-1.00M | $493.00M | $40.00M | $3.00M | $859.00M | $-6.00M | $-13.00M | $-273.00M | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-66.00M | $-65.00M | $- | $-5.00M | $-8.00M | $- | $- | $1.00M | $-11.00M | $- | $-41.00M | $-8.00M | $-16.00M | $-13.00M | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $8.00M | $2.00M | $- | $- | $-6.00M | $6.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-56.00M | $-34.00M | $-20.00M | $- | $-133.00M | $-216.00M | $-198.00M | $-1.47B | $-12.00M | $-66.00M | $-22.00M | $777.00M | $-84.00M | $-71.00M | $-7.00M | $-9.00M | $-38.00M | $-78.00M | $-46.00M | $-15.00M |
| Net Cash Used for Investing Activities | $-205.00M | $-345.00M | $-201.00M | $- | $-337.00M | $-388.00M | $-438.00M | $-495.00M | $101.00M | $-765.00M | $-518.00M | $308.00M | $-430.00M | $-479.00M | $-580.00M | $-500.00M | $-354.00M | $-522.00M | $-495.00M | $-501.00M |
| Debt Repayment | $36.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-126.00M | $13.00M | $-124.00M | $-150.00M | $591.00M | $-564.00M | $-152.00M | $370.00M | $-426.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-14.00M | $-245.00M | $- |
| Other Financing Activities | $-11.00M | $197.00M | $-1.11B | $- | $-390.00M | $-625.00M | $-134.00M | $-38.00M | $-104.00M | $491.00M | $-212.00M | $-21.00M | $-62.00M | $-1.00M | $-275.00M | $- | $-69.00M | $-19.00M | $-1.00M | $255.00M |
| Net Cash Used Provided by Financing Activities | $25.00M | $197.00M | $-1.11B | $- | $-390.00M | $-625.00M | $-134.00M | $-38.00M | $-104.00M | $491.00M | $-212.00M | $-147.00M | $-49.00M | $-125.00M | $-423.00M | $591.00M | $-633.00M | $-185.00M | $124.00M | $-171.00M |
| Effect of Forex Changes on Cash | $-3.00M | $-14.00M | $1.00M | $- | $-38.00M | $-28.00M | $-14.00M | $-44.00M | $-51.00M | $39.00M | $-60.00M | $-6.00M | $-17.00M | $-1.00M | $1.00M | $11.00M | $-22.00M | $33.00M | $-70.00M | $14.00M |
| Net Change in Cash | $157.00M | $30.00M | $-905.00M | $- | $-208.00M | $-583.00M | $-66.00M | $-186.00M | $954.00M | $362.00M | $-275.00M | $771.00M | $290.00M | $-2.00M | $-406.00M | $670.00M | $-239.00M | $-161.00M | $185.00M | $6.00M |
| Cash at End of Period | $1.02B | $862.00M | $832.00M | $2.25B | $2.25B | $2.46B | $3.04B | $3.11B | $3.29B | $2.34B | $1.98B | $2.24B | $1.47B | $1.18B | $1.18B | $1.59B | $989.00M | $1.23B | $1.39B | $1.20B |
| Cash at Beginning of Period | $862.00M | $832.00M | $1.74B | $2.25B | $2.46B | $3.04B | $3.11B | $3.29B | $2.34B | $1.98B | $2.25B | $1.47B | $1.18B | $1.18B | $1.59B | $916.00M | $1.23B | $1.39B | $1.20B | $1.20B |
| Operating Cash Flow | $317.00M | $201.00M | $262.00M | $- | $646.00M | $458.00M | $596.00M | $537.00M | $848.00M | $607.00M | $565.00M | $637.00M | $803.00M | $603.00M | $596.00M | $568.00M | $770.00M | $479.00M | $626.00M | $664.00M |
| Capital Expenditure | $-149.00M | $-155.00M | $-212.00M | $- | $-199.00M | $-171.00M | $-242.00M | $974.00M | $-381.00M | $-722.00M | $-505.00M | $-469.00M | $-346.00M | $-408.00M | $-573.00M | $-491.00M | $-316.00M | $-444.00M | $-449.00M | $-486.00M |
| Free Cash Flow | $168.00M | $-37.00M | $50.00M | $- | $447.00M | $287.00M | $354.00M | $1.51B | $467.00M | $-115.00M | $60.00M | $168.00M | $457.00M | $195.00M | $23.00M | $77.00M | $454.00M | $35.00M | $177.00M | $178.00M |
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. The company provides value-added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; wireless internet access; and mobile bundles and call completion services. It also offers value-added services for corporations, operators, and consumers, as well as sells equipment and accessories. The company provides its services under the Beeline, Kyivstar, Jazz, Djezzy, and banglalink brands in Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, and Georgia. It serves approximately 220 million customers. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Amsterdam, the Netherlands.
$45.20
Stock Price
$3.19B
Market Cap
18.03K
Employees
Amsterdam, None
Location
Revenue (FY 2023)
$3.70B
-1.5% YoY
Net Income (FY 2023)
$-2.53B
-443.0% YoY
EPS (FY 2023)
$-35.47
-439.1% YoY
Free Cash Flow (FY 2023)
$1.58B
2.1% YoY
Profitability
Gross Margin
88.1%
Net Margin
-68.4%
ROE
-294.6%
ROA
-30.8%
Valuation
P/E Ratio
-0.55
P/S Ratio
0.37
EV/EBITDA
-0.28
Market Cap
$3.19B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$2.11B
-17.4% YoY
Free Cash Flow
$1.58B
2.1% YoY
Balance Sheet Summary
Total Assets
$8.22B
-45.6% YoY
Total Debt
$-
100.0% YoY
Shareholder Equity
$858.00M
37.8% YoY
Dividend Overview
$0.15
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2020-02-26 | $0.15 | February 26, 20 |
| 2019-08-13 | $0.13 | August 13, 19 |
| 2019-03-07 | $0.17 | March 07, 19 |
| 2018-08-13 | $0.12 | August 13, 18 |
| 2018-03-02 | $0.17 | March 02, 18 |
| 2017-08-10 | $0.11 | August 10, 17 |
| 2017-03-28 | $0.20 | March 28, 17 |
| 2016-11-16 | $0.04 | November 16, 16 |
| 2015-11-19 | $0.04 | November 19, 15 |
| 2014-11-20 | $0.04 | November 20, 14 |
VEON Dividends
Explore VEON's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
3.98x
VEON Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.15 | $3.75 | February 26, 2020 | February 27, 2020 | March 05, 2020 | February 14, 2020 |
| $0.13 | $3.25 | August 13, 2019 | August 14, 2019 | August 23, 2019 | |
| $0.17 | $4.25 | March 07, 2019 | March 08, 2019 | March 20, 2019 | February 26, 2019 |
| $0.12 | $3 | August 13, 2018 | August 14, 2018 | August 21, 2018 | |
| $0.17 | $4.25 | March 02, 2018 | March 05, 2018 | March 13, 2018 | February 22, 2018 |
| $0.11 | $2.75 | August 10, 2017 | August 14, 2017 | September 06, 2017 | August 03, 2017 |
| $0.195 | $4.875 | March 28, 2017 | March 30, 2017 | April 12, 2017 | March 03, 2017 |
| $0.035 | $0.875 | November 16, 2016 | November 18, 2016 | December 07, 2016 | November 04, 2016 |
| $0.035 | $0.875 | November 19, 2015 | November 23, 2015 | December 07, 2015 | November 06, 2015 |
| $0.035 | $0.875 | November 20, 2014 | November 24, 2014 | December 08, 2014 | November 12, 2014 |
| $0.45 | $11.25 | November 14, 2013 | |||
| $1.14 | $28.5 | April 25, 2013 | |||
| $0.8 | $20 | December 24, 2012 | December 27, 2012 | January 15, 2013 | December 18, 2012 |
| $0.45 | $11.25 | November 29, 2011 | |||
| $0.15 | $3.75 | May 27, 2011 | |||
| $0.19 | $4.75 | March 15, 2011 | |||
| $0.46 | $11.5 | November 24, 2010 | |||
| $0.326 | $8.15 | November 09, 2009 | |||
| $0.577 | $14.425 | April 28, 2008 | |||
| $1.604 | $8.02 | May 10, 2007 |
VEON News
Read the latest news about VEON, including recent articles, headlines, and updates.
VEON Files its 2024 Annual Report on Form 20-F
Dubai, April 25, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (‘VEON' or the ‘Company'), today announces that it has filed its Annual Report on Form 20-F for the year ended December 31, 2024 (the "2024 20-F") with the U.S. Securities and Exchange Commission at www.sec.gov. The filing follows the completion of the audit of the VEON Ltd. 2024 financial statements by the Company's independent auditor UHY LLP according to Public Company Accounting Oversight Board standards.
VEON Publishes 2024 Integrated Annual Report Detailing Commitment to Sustainable Growth and Highlighting Robust Financial Performance
Dubai, April 14, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or “the Company”, and together with its subsidiaries the “Group”), today announces the publication of its 2024 Integrated Annual Report (“IAR”), showcasing a year of strong operational and financial performance, and commitment to positive social impact.
VEON Completes Reorganization Ahead of Kyivstar's Planned Nasdaq Listing
Dubai, April 8, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, has successfully completed the reorganization of VEON Holdings B.V. and finalized its consent solicitation process, first announced on January 13, 2025. These steps pave the way for the proposed business combination with Cohen Circle Acquisition Corp. I, which is expected to lead to Kyivstar Group Ltd., the parent company of Ukraine's leading digital operator Kyivstar, listing on the Nasdaq under the ticker symbol KYIV.
VEON Announces 2025 AGM and Board Nominees
Dubai, March 31, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, (“VEON” or the “Company”), today announced that its Board of Directors (the “Board”) has set the date for the Company's 2025 Annual General Meeting of Shareholders (the “AGM”) for May 8, 2025. The record date for the AGM has been set for March 31, 2025.
VEON: Gradual Value Accumulation
While a speculative theory, we think VEON Ltd. has the necessary characteristics to be a consistent value additivity opportunity. The company is in a post-restructuring recovery and targets diversified high-growth emerging markets. VEON's EBITDA margins are steady, suggesting EBITDA expansion is highly probable given VEON's renewed revenue trajectory.
VEON Returns to Capital Markets with Successful Syndication of USD 210 Million Term Loan
Dubai, March 27, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, today announces the successful syndication of a 24-month, USD 210 million senior unsecured term loan under a new facility agreement from a consortium of international lenders, including ICBC Standard Bank and leading GCC banks.
VEON Appoints Anand Ramachandran as Corporate Development Officer
Dubai, March 26, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces the appointment of Anand Ramachandran as Corporate Development Officer, effective from May 1, 2025. Anand will lead VEON's Mergers & Acquisitions and Investor Relations teams.
VEON and Airspan Sign MoU to Collaborate on Air-to-Land Network Solutions Supporting Ukraine's Resilience
Dubai and Kyiv, March 21, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, today signed a Memorandum of Understanding (“MoU”) with Airspan Networks Holdings LLC (“Airspan”), a U.S.-based provider of Open RAN solutions and network infrastructure.
VEON Discloses Selected Key Financial Metrics About Uklon
Kyiv and Dubai, March 20, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, today provides additional selected financial information about Uklon group (“Uklon”) following its announcement on 19 March 2025 regarding the agreement signed between JSC Kyivstar (“Kyivstar”) and Uklon for Kyivstar to acquire 97% of the shares of Uklon, a leading Ukrainian ride-hailing and delivery platform.
VEON Ltd. (VEON) Q4 2024 Earnings Call Transcript
VEON Ltd. (NASDAQ:VEON ) Q4 2024 Earnings Conference Call March 20, 2025 8:00 AM ET Company Participants Anand Ramachandran - Chief of Staff Kaan Terzioglu - Group CEO Burak Ozer - Group CFO Conference Call Participants David Lopes - New Street Research Stella Cridge - Barclays Chris Hoare - New Street Research Dmitry Ivanov - Jefferies Matthew Harrigan - Benchmark Operator Hello and welcome to VEON's Full Year 2024 and Fourth Quarter 2024 Trading Update Call. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session.
VEON to Proceed with USD 35 Million Share Buyback
VEON to Proceed with USD 35 Million Share Buyback Announcement marks second phase of USD 100 million share buyback program announced on August 1, 2024 Dubai, March 20, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it will shortly commence the second phase of its previously announced share buyback program with respect to the Company's American Depositary Shares (“ADS”).
VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital Services Driving Growth
VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital Services Driving Growth Dubai, March 20, 2025, 10:10 GST VEON FY24 Highlights Total revenue growth of 8.3% YoY to USD 4,004 million (+14.6% YoY in underlying local currency terms) EBITDA growth of 4.9% YoY to USD 1,691 million (+12.0% YoY in underlying local currency terms) Direct digital revenue growth of 63.0% YoY to USD 460 million (+64.1% YoY in local currency terms), representing 11.5% of revenues for the full year Total cash and cash equivalents and deposits of USD 1,691 million, with USD 481 million at headquarters (“HQ”); and gross debt at USD 4.4 billion (decreased by USD 311 million YoY), with net debt excluding lease liabilities at USD 1.9 billion Equity Free Cash Flow of USD 403 million, Capex of USD 826 million VEON Ltd. (Nasdaq: VEON), a global digital operator, announces selected financial and operating results for the fourth quarter and full year ended 31 December 2024.
VEON's Kyivstar Expands Digital Portfolio with Acquisition of Uklon, Ukraine's Top Ride-Hailing Business
Kyiv and Dubai, March 19, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), today announces its wholly-owned subsidiary JSC Kyivstar (“Kyivstar”) has signed an agreement to acquire Uklon group (“Uklon”), a leading Ukrainian ride-hailing and delivery platform. This strategic acquisition marks Kyivstar's expansion into a new area of digital consumer services in line with VEON's digital operator strategy.
VEON Moves Forward with Kyivstar's Landmark Nasdaq Listing; Signs Definitive Business Combination Agreement with Cohen Circle
Kyivstar, Ukraine's largest digital operator, serves 24 million customers with fixed and mobile communication services. Expected to be the only U.S.-listed pure play Ukrainian investment opportunity.
VEON appoints Johan Buse as the Incoming CEO of Banglalink
Dubai and Dhaka, 17 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces that Johan Buse has been appointed as the Chief Executive Officer of Banglalink, VEON's digital operator in Bangladesh, effective 6th April 2025.
VEON to release 4Q 2024 trading update on 20 March 2025
VEON to release 4Q 2024 trading update on 20 March 2025 Dubai, 12 March 2025 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that the Group will release its selected financial and operating results for the fourth quarter and full year ended 31 December 2024, at or around 10:00 GST (2:00 EST) on 20 March 2025.
VEON: Fundamental Recovery With Risks And Potential Rewards
VEON Ltd. is on a recovery trajectory and key metrics suggest that it remains undervalued. The company emphasises numerous frontier and emerging markets, possessing strongholds in telecommunications and direct digital offerings. Overlooked assets exist within the company's framework, especially relating to its growing fintech presence in Pakistan.
Mobilink Bank Wins GLOMO Award for Invisible Heirs Campaign
Barcelona and Islamabad, March 06, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, proudly announces that its subsidiary, Mobilink Microfinance Bank, has been awarded the ‘CMO Marketing Campaign' Award at the GSMA Global Mobile (GLOMO) Awards during Mobile World Congress 2025. The award recognizes Mobilink Bank's Invisible Heirs campaign, which addresses the systemic issue of women being denied their rightful inheritance and empowers them with tools to claim what is lawfully theirs.
VEON's Jazz to Deploy 1,000 Solar Sites across Pakistan in collaboration with Huawei
Barcelona, 05 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today marked the agreement between Jazz, its digital operator in Pakistan, and Huawei to deploy solar power in Jazz's 1,000 sites across Pakistan.
VEON's Beeline Uzbekistan to Deploy Predictive AI for Enhanced Customer Experience
Dubai and Tashkent, 04 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces that Beeline Uzbekistan, its digital operator in Uzbekistan, will work with P.I. Works, a global leader in AI-driven network automation, to deploy customer experience management with predictive analytics. Through simulations of service performance based on system intelligence and machine learning insights, P.I. Works will enable Beeline Uzbekistan to further enhance service quality and proactively resolve network problems to improve customer satisfaction as reported through Net Promoter Scores (“NPS”).
VEON Highlights Role of Investments in Rebuilding Ukraine, Renews “Invest in Ukraine, NOW!” Call in Kyiv Visit
Kyiv and Dubai, 26 February 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator, together with its 100%-owned subsidiary Kyivstar, highlighted its investments in Ukraine's digital infrastructure during the visit of the VEON delegation to Kyiv.
VEON's Kyivstar and the Come Back Alive Foundation Raise USD 2.6 Million for Demining in Ukraine
Dubai and Kyiv, February 14, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, announces that VEON's wholly owned digital operator in Ukraine Kyivstar, together with the Come Back Alive Foundation, has jointly raised nearly UAH 107 million (USD 2.6 million) for the We Live Here 2.0 project to support demining of Ukrainian territory. The Ministry of Economy of Ukraine provided informational support for the campaign.
VEON Gets Unanimous Support from Noteholders Voting in Consent Solicitation to Facilitate Indirect Listing of Kyivstar on Nasdaq
Dubai and Amsterdam, 30 January 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces the successful completion of a bond consent solicitation process (the ”Consent Solicitation”) undertaken by VEON Holdings B.V. (the "Issuer"), with unanimous support from voting noteholders to substitute a new VEON subsidiary for the Issuer and to make certain other amendments to the terms and conditions of the Issuer's U.S.$1,013,683,000 3.375 per cent. Senior Unsecured Notes due 25 November 2027 (ISIN: Reg S: XS2824764521/ Rule 144A: XS2824766146) (the "Notes").
VEON: Strong Buy For Ukrainian Rebuilding And Pakistani Economic Convergence
VEON Ltd. is a "Strong Buy" at a discounted valuation, with significant growth potential in key frontier markets like Ukraine and Pakistan. VEON has divested from Russia, invested heavily in Ukrainian infrastructure, and expanded its presence in frontier markets, enhancing its digital services. Pakistan's economic growth and young population present a lucrative opportunity for VEON, especially through its Jazz subsidiary and JazzCash fintech platform.
VEON appoints Burak Ozer as Group Chief Financial Officer
Dubai, 9 January 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces the appointment of Burak Ozer as Group Chief Financial Officer (Group CFO), effective 9 January 2025. Burak will succeed Joop Brakenhoff, who will continue to serve VEON as an Advisor to the Group CEO.
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