VEON Ltd.
NASDAQ•VEON
CEO: Mr. Augie K. Fabela II
Sector: Communication Services
Industry: Telecommunications Services
Listing Date: 1996-11-15
VEON Ltd., a digital operator, provides connectivity and internet services to corporates and individuals in Pakistan, Ukraine, Kazakhstan, Uzbekistan, Bangladesh, and Kyrgyzstan. The company offers fixed-line broadband telecommunication services using fiber optic networks; mobile telecommunications services under prepaid and postpaid subscriptions, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; cross border transit, voice, and data services; mobile connectivity services on 2G, 3G and 4G/LTE networks; prepaid scratch cards and electronic recharge options; customer support through contact centers; and Internet-TV using fiber to the building technology. It also provides Simosa, MyKyivstar, and MyBeeline self-care applications; Kyivstar TV, Tamasha, BeeTV, Toffee, and Beeline TV video streaming platforms; BiP messenger app; Game Now gaming platform; Beeline Music for music streaming, as well as live audio streaming services; Jazz Cricket sports app; JazzCash and Simply financial services platforms that offers mobile wallets, payments, transfers, and digital lending services; BIMA tele-medicine and hospital insurance app; and Helsi digital data management platform for healthcare services. In addition, the company sells equipment, infrastructure, and accessories. It offers its products and services under the Kyivstar, Banglalink, Jazz, JazzCash, Beeline, Beeline Kyrgyzstan, IZI, and OQ brands. The company also distributes its products and services through direct sales force, distributors, third-party retailers, supermarkets, offices, stores, franchises, online, and other distribution channels. 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.
Contact Information
Market Cap
$3.49B
P/E (TTM)
5.0
13.7
Dividend Yield
--
52W High
$64.00
52W Low
$34.55
52W Range
Rank63Top 94.0%
1.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$1.18B+0.00%
4-Quarter Trend
EPS
-$0.59+0.00%
4-Quarter Trend
FCF
$254.83M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Consolidated Revenue Growth Total revenue reached US$4.40B, reflecting 9.9% growth in USD terms over 2024 results.
Strong Adjusted EBITDA Growth Total Adjusted EBITDA was US$2.01B, increasing 18.9% in USD terms versus prior year.
Profitability Improvement Profit from continuing operations reached US$591M, up from US$487M in 2024; basic EPS $0.30.
Digital Business Expansion Digital revenue reached 17.3% of total revenue by year-end 2025, driven by strategic acquisitions.
Risk Factors
Ukraine War Operational Impact Ongoing war in Ukraine significantly impacts operations, with Ukraine representing 26% of 2025 total revenue.
Foreign Currency Exchange Risk Exposure to volatile local currencies like PKR and UAH negatively impacts USD reported financial results.
Political Instability Risks Political unrest in Bangladesh negatively impacted consumer spending appetite and increased operation costs in 2025.
Outlook
Kyivstar Nasdaq Listing Kyivstar Group successfully listed on Nasdaq in August 2025 following completion of the SPAC business combination.
Digital Operator Strategy Focus Strategy focuses on DO1440 model, expanding digital services, integrating AI, and investing in 4G/5G connectivity.
Share Buyback Program Authorized new buyback program up to US$100M for ADSs and/or outstanding bonds in late 2025.
Peer Comparison
Revenue (TTM)
$49.08B
$42.23B
$10.70B
Gross Margin (Latest Quarter)
74.5%
68.9%
67.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| AMX | $70.57B | 16.8 | 17.1% | 51.0% |
| VIV | $24.96B | 21.2 | 9.0% | 24.1% |
| TEF | $21.49B | -4.6 | -25.1% | 46.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.9%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Mar 19, 2026
EPS:$1.34
|Revenue:$1.12B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data