VEON Ltd
VEON
ISIN null / Valor 125240129
VEON Ltd
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About company
VEON Ltd is a multinational telecommunications operator that owns and runs national carriers and network infrastructure in a number of emerging markets, providing mobile voice and data, fixed broadband, messaging, enterprise services and an expanding suite of digital and fintech offerings such as mobile money and customer engagement platforms; its revenues come from service subscriptions, device sales and transaction fees as it seeks to monetize connectivity through both traditional telecom services and digital financial and content products, and it is publicly traded.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (31.08.2026):
VEON Ltd — 2Q26 (second quarter of 2026): VEON delivered double‑digit top‑line growth with total revenue of USD 1,271m (+17.0% YoY), EBITDA of USD 552m (+6.2% YoY) and rapid digital scaling as digital revenue rose 53.6% YoY to USD 342m (now 26.9% of Group revenues). The company raised its full‑year 2026 revenue and EBITDA guidance and continued active buybacks and capital returns.
Revenue and EBITDA
Total revenue: USD 1,271m (+17.0% YoY). EBITDA: USD 552m (+6.2% YoY); 1H26 EBITDA USD 1,069m (+11.5% YoY).
Digital performance
Digital revenue USD 342m (+53.6% YoY), representing 26.9% of Group revenues; Digital EBITDA margin 36.1%. Digital customers reached 227.7m.
Profit for the period
Profit: USD 140m (-77.0% YoY). Decline reflects prior‑year one‑offs: a USD 45m provision release in Bangladesh and a USD 489m gain on the Pakistan tower sale in 2Q25, plus a USD 21m fair‑value loss on outstanding KGL warrants in 2Q26.
Financial services & multiservice metrics
Financial services revenue USD 151m (+48.5% YoY). Multiplay customers 45.3m, generating ~4x the ARPU of voice‑only users.
Cash, leverage and free cash flow
Cash & equivalents USD 2,193m (including USD 968m at HQ). Lease‑adjusted leverage ratio 1.10x. Equity free cash flow (after leases & licences) USD 74m in 2Q26 (‑1.4% YoY); USD 320m in 1H26 (+47.5% YoY).
Capital allocation and buybacks
Repurchased ~USD 82.6m under the current USD 100m repurchase program. VEON intends to purchase and cancel at least USD 100m of repurchased shares/ADSs annually (mix of open‑market and pari‑passu purchases from major shareholders).
Guidance raised for 2026
Updated 2026 outlook: Revenue growth 15%–18% YoY (previously 11%–14%); EBITDA growth 9%–12% YoY (previously 7%–10%). Capex intensity (ex‑Ukraine) maintained at 15%–17%.
Financing and strategic moves
Completed a USD 1.4bn bond offering to refinance most 2027 maturities and extend average debt maturity to over four years. Expanded partnerships and acquisitions across digital ecosystem (e.g., Mastercard partnership, 76.3% stake in TPL Insurance, Uklon expansion).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4421 M
Market cap (USD)
172,966
Daily traded volume (Shares)
41.24 / 39
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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