VEON Ltd

VEON

Equity

ISIN null / Valor 125240129

NASDAQ (2025-11-17)

USD 48.56+0.85%

VEON Ltd
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About company

VEON Ltd, headquartered in Amsterdam, the Netherlands, is a global digital operator listed on NASDAQ and Euronext Amsterdam, offering investors the opportunity to engage in the growth of emerging markets. Operating under five main brands in Ukraine, Kazakhstan, Kyrgyzstan, Uzbekistan, Pakistan, and Bangladesh, VEON provides a range of digital services to nearly 160 million customers in these dynamic markets. With a focus on converged connectivity and digital services, VEON aims to cater to the diverse needs of its customer base in these regions, which collectively represent 7% of the world's population.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

VEON Ltd achieved a 5.9% year-on-year increase in total revenues to USD 1,087 million in the second quarter of 2025, with local currency revenues growing by 11.2% YoY.

EBITDA Improvement

EBITDA rose by 13.2% year-on-year to USD 520 million in Q2 2025, translating to a 19.6% growth in local currency terms.

Direct Digital Revenue Surge

Direct digital revenues surged by 56.6% YoY to USD 180 million, making up 16.5% of total revenues for the quarter.

Financial Position

VEON reported total cash and cash equivalents of USD 1,283 million and gross debt of USD 4,627 million as of June 30, 2025, with net debt excluding lease liabilities at USD 1,962 million.

Capex and Free Cash Flow

The company invested USD 231 million in capital expenditures during Q2 2025, maintaining a capex intensity of 21.3%, and reported an LTM Equity Free Cash Flow of USD 611 million.

Share Buyback Completion

VEON Ltd completed its third and final phase of the share buyback program on August 1, 2025, acquiring 722,588 ADSs for a total of USD 35 million.

2025 Outlook

VEON revised its 2025 outlook, now expecting local currency revenue growth of 13% to 15% and EBITDA growth of 14% to 16% YoY, with capex intensity projected to remain between 17% and 19%.

Summarized from source with an LLMView Source

Key figures

46.9%1Y

392%3Y

32.1%5Y

Performance

54.8%1Y

52.9%3Y

69.4%5Y

Volatility