VEON Ltd ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), VEON Ltd ADR reported revenue of $4.4B (+9.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $4.4B | $4.0B | $3.7B | — |
| Cost of services, equipment and accessories | ($526.0M) | — | — | — |
| Selling, general and administrative expenses | ($1.9B) | ($1.8B) | ($1.6B) | ($1.5B) |
| Listing expense | ($162.0M) | — | — | — |
| Depreciation | ($578.0M) | ($529.0M) | ($527.0M) | ($557.0M) |
| Amortization | ($224.0M) | ($199.0M) | ($208.0M) | ($221.0M) |
| Impairment (loss) / reversal, net | ($9.0M) | ($3.0M) | $6.0M | — |
| Gain on disposal of non-current assets | $2.0M | $5.0M | $46.0M | ($1.0M) |
| Gain on disposal of subsidiaries | $400.0M | $145.0M | $0 | — |
| Other operating income | $20.0M | $1.0M | $1.0M | $1.0M |
| Operating profit | $1.4B | $1.1B | $929.0M | $1.2B |
| Finance costs | ($535.0M) | ($495.0M) | ($531.0M) | ($583.0M) |
| Finance income | $52.0M | $49.0M | $60.0M | $32.0M |
| Other non-operating (loss) / gain, net | ($130.0M) | $31.0M | $20.0M | $9.0M |
| Net foreign exchange (loss) / gain | ($41.0M) | — | $81.0M | $181.0M |
| Profit before tax from continuing operations | $785.0M | $704.0M | $559.0M | $802.0M |
| Income taxes | ($194.0M) | ($217.0M) | ($179.0M) | ($69.0M) |
| Profit from continuing operations | $591.0M | $487.0M | $380.0M | $733.0M |
| Loss after tax from discontinued operations and disposals of discontinued operations | $0 | $0 | ($2.8B) | ($742.0M) |
| (Loss) / profit for the period | $591.0M | $487.0M | ($2.5B) | ($9.0M) |
| The owners of the parent (continuing operations) | $532.0M | $415.0M | $307.0M | $656.0M |
| The owners of the parent (discontinued operations) | $0 | $0 | ($2.8B) | ($818.0M) |
| Non-controlling interest | $59.0M | $72.0M | $78.0M | $153.0M |
| Basic earnings / (loss) per share attributable to ordinary equity holders of the parent, from continuing operations (in USD per share) | $0.30 | $0.23 | $0.17 | $0.37 |
| Diluted earnings / (loss) per share attributable to ordinary equity holders of the parent, from continuing operations (in USD per share) | $0.30 | $0.23 | $0.17 | $0.37 |
| Basic earnings / (loss) per share attributable to ordinary equity holders of the parent, from discontinued operations (in USD per share) | $0.00 | $0.00 | -$1.61 | -$0.46 |
| Diluted earnings / (loss) per share attributable to ordinary equity holders of the parent, from discontinued operations (in USD per share) | $0.00 | $0.00 | -$1.61 | -$0.46 |
| Basic earnings / (loss) per share attributable to ordinary equity holders of the parent (in USD per share) | $0.30 | $0.23 | -$1.44 | -$0.09 |
| Diluted earnings / (loss) per share attributable to ordinary equity holders of the parent (in USD per share) | $0.30 | $0.23 | -$1.44 | -$0.09 |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Revenue | $2.5B | $2.1B | $2.0B | $1.8B |
| Cost of services, equipment and accessories | ($322.0M) | — | — | — |
| Selling, general and administrative expenses | ($1.1B) | ($922.0M) | ($883.0M) | ($773.0M) |
| Depreciation | ($309.0M) | ($280.0M) | ($264.0M) | ($261.0M) |
| Amortization | ($125.0M) | ($114.0M) | ($100.0M) | ($104.0M) |
| Impairment loss | ($4.0M) | ($3.0M) | ($2.0M) | $11.0M |
| Gain on disposal of non-current assets | $5.0M | $0 | ($1.0M) | $1.0M |
| Gain on disposal of subsidiaries, net | $19.0M | $497.0M | $0 | $0 |
| Other operating income | $2.0M | $1.0M | — | — |
| Operating profit | $655.0M | $1.1B | $479.0M | $447.0M |
| Finance costs | ($317.0M) | ($246.0M) | ($249.0M) | ($280.0M) |
| Finance income | $48.0M | $20.0M | $22.0M | $33.0M |
| Other non-operating (loss)/ gain, net | ($16.0M) | $31.0M | $21.0M | — |
| Net foreign exchange gain/ (loss) | $13.0M | ($52.0M) | ($12.0M) | $10.0M |
| Profit before tax | $383.0M | $812.0M | $261.0M | $224.0M |
| Income taxes | ($120.0M) | ($86.0M) | ($94.0M) | ($63.0M) |
| Profit for the period | $263.0M | $726.0M | $167.0M | $631.0M |
| The owners of the parent | $221.0M | $694.0M | $125.0M | — |
| Non-controlling interest | $42.0M | $32.0M | $42.0M | $38.0M |
| Basic gain (loss) per share (in dollars per share) | $0.13 | $0.39 | $0.07 | $0.34 |
| Diluted gain (loss) per share (in dollars per share) | $0.13 | $0.39 | $0.07 | $0.34 |
| Weighted average common shares outstanding for basic earnings per share (in shares) | $1741000000.00 | — | — | — |
| Weighted average common shares outstanding for diluted earnings per share (in shares) | $1772000000.00 | — | — | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Property and equipment | $3.8B | $3.0B | $2.9B | $2.8B |
| Intangible assets | $1.5B | $1.5B | $1.6B | $2.0B |
| Investments and derivatives | $144.0M | $65.0M | $53.0M | $71.0M |
| Deferred tax assets | $418.0M | $368.0M | $312.0M | $274.0M |
| Other assets | $234.0M | $177.0M | $178.0M | $157.0M |
| Total non-current assets | $6.1B | $5.1B | $5.1B | $5.3B |
| Inventories | $32.0M | $15.0M | $23.0M | $18.0M |
| Trade and other receivables | $601.0M | $463.0M | $542.0M | $456.0M |
| Investments and derivatives | $489.0M | $357.0M | $433.0M | $120.0M |
| Current income tax assets | $43.0M | $63.0M | $58.0M | $72.0M |
| Other assets | $216.0M | $241.0M | $200.0M | $208.0M |
| Cash and cash equivalents | $1.7B | $1.7B | $1.9B | $3.1B |
| Total current assets | $3.1B | $2.8B | $3.2B | $4.0B |
| Assets classified as held for sale | $0 | $72.0M | $0 | $5.8B |
| Total assets | $9.2B | $8.0B | $8.2B | $15.1B |
| Equity attributable to equity owners of the parent | $1.3B | $1.1B | $858.0M | $569.0M |
| Non-controlling interests | $294.0M | $158.0M | $213.0M | $198.0M |
| Total equity | $1.6B | $1.3B | $1.1B | $767.0M |
| Debt and derivatives | $4.0B | $3.0B | $3.5B | $5.3B |
| Provisions | $43.0M | $48.0M | $44.0M | $47.0M |
| Deferred tax liabilities | $41.0M | $27.0M | $26.0M | $36.0M |
| Other liabilities | $18.0M | $22.0M | $29.0M | $20.0M |
| Total non-current liabilities | $4.1B | $3.1B | $3.6B | $5.4B |
| Trade and other payables | $1.4B | $1.3B | $1.2B | $1.1B |
| Debt and derivatives | $1.1B | $1.7B | $1.7B | $2.8B |
| Provisions | $261.0M | $73.0M | $81.0M | $59.0M |
| Current income tax payables | $88.0M | $179.0M | $154.0M | $180.0M |
| Other liabilities | $539.0M | $432.0M | $457.0M | $475.0M |
| Total current liabilities | $3.4B | $3.6B | $3.6B | $4.6B |
| Liabilities associated with assets held for sale | $4.0M | $28.0M | $0 | $4.2B |
| Total equity and liabilities | $9.2B | $8.0B | $8.2B | $15.1B |
| Line item | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 |
|---|---|---|---|---|
| Property and equipment | $3.9B | $3.4B | $2.9B | $2.7B |
| Intangible assets | $1.9B | $1.6B | $1.5B | $1.7B |
| Non-current | $84.0M | $218.0M | $62.0M | $63.0M |
| Deferred tax assets | $446.0M | $422.0M | $345.0M | $300.0M |
| Loans to customers | $53.0M | — | — | — |
| Other assets | $169.0M | $179.0M | $147.0M | $146.0M |
| Total non-current assets | $6.6B | $5.8B | $4.9B | $4.9B |
| Inventories | $32.0M | $17.0M | $22.0M | $19.0M |
| Trade and other receivables * | $331.0M | $516.0M | $495.0M | $455.0M |
| Current | $496.0M | $504.0M | $571.0M | $137.0M |
| Current income tax assets | $53.0M | $41.0M | $59.0M | $55.0M |
| Loans to customers | $374.0M | — | — | — |
| Other assets | $226.0M | $211.0M | $233.0M | $201.0M |
| Cash and cash equivalents | $2.2B | $1.3B | $862.0M | $2.5B |
| Total current assets | $3.7B | $2.6B | $2.2B | $3.3B |
| Total assets | $10.3B | $8.5B | $7.3B | $13.0B |
| Equity attributable to equity owners of the parent | $1.5B | $1.3B | $911.0M | $782.0M |
| Non-controlling interest | $408.0M | $190.0M | $214.0M | $206.0M |
| Total equity | $1.9B | $1.5B | $1.1B | $988.0M |
| Debt and derivatives | $4.4B | $3.9B | $3.0B | $3.8B |
| Provisions | $43.0M | $43.0M | $44.0M | $47.0M |
| Deferred tax liabilities | $43.0M | $26.0M | $19.0M | $20.0M |
| Other liabilities | $16.0M | $18.0M | $31.0M | $25.0M |
| Total non-current liabilities | $4.5B | $3.9B | $3.1B | $3.9B |
| Trade and other payables | $1.7B | $1.3B | $1.1B | $1.0B |
| Debt and derivatives | $1.4B | $1.1B | $1.4B | $1.9B |
| Provisions | $77.0M | $71.0M | $76.0M | $57.0M |
| Current income tax payables | $95.0M | $104.0M | $166.0M | $160.0M |
| Other liabilities | $505.0M | $422.0M | $420.0M | $429.0M |
| Total current liabilities | $3.8B | $3.0B | $3.1B | — |
| Liabilities associated with assets held for sale | $0 | $36.0M | $51.0M | $4.6B |
| Total equity and liabilities | $10.3B | $8.5B | $7.3B | $13.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Profit before tax | $785.0M | $704.0M | $559.0M | $802.0M |
| Depreciation, amortization and impairment loss, net | $811.0M | $731.0M | $729.0M | $671.0M |
| Gain on disposal of non-current assets | ($2.0M) | ($5.0M) | ($46.0M) | $1.0M |
| Gain on disposal of subsidiaries | ($400.0M) | ($145.0M) | $0 | ($88.0M) |
| Finance costs | $535.0M | $495.0M | $531.0M | $583.0M |
| Finance income | ($52.0M) | ($49.0M) | ($60.0M) | ($32.0M) |
| Other non-operating loss / (gain), net | $130.0M | ($31.0M) | ($20.0M) | ($9.0M) |
| Net foreign exchange loss / (gain) | $41.0M | ($9.0M) | — | — |
| Listing expense | $162.0M | — | — | — |
| Changes in trade and other receivables and prepayments | ($145.0M) | ($81.0M) | ($1.0M) | ($154.0M) |
| Changes in inventories | ($16.0M) | ($9.0M) | ($19.0M) | ($12.0M) |
| Changes in trade and other payables | $142.0M | $130.0M | $143.0M | $52.0M |
| Changes in provisions, pensions and other | $96.0M | $73.0M | $125.0M | $48.0M |
| Interest paid | ($399.0M) | ($431.0M) | ($489.0M) | ($489.0M) |
| Interest received | $44.0M | $43.0M | $53.0M | $25.0M |
| Income tax paid | ($379.0M) | ($266.0M) | ($264.0M) | ($284.0M) |
| Net cash flows from operating activities from continuing operations | $1.4B | $1.1B | $1.2B | $933.0M |
| Net cash flows from operating activities from discontinued operations | $0 | $0 | $951.0M | $1.6B |
| Purchase of property, plant and equipment | ($733.0M) | ($627.0M) | ($531.0M) | ($634.0M) |
| Purchase of intangible assets | ($216.0M) | ($280.0M) | ($235.0M) | ($376.0M) |
| Payments on deposits | ($45.0M) | ($19.0M) | ($54.0M) | — |
| Net outflows on loans granted | ($114.0M) | ($80.0M) | ($66.0M) | — |
| Receipts from / (investment in) financial assets | $23.0M | $92.0M | ($147.0M) | ($14.0M) |
| Acquisition of a subsidiary, net of cash acquired | ($157.0M) | ($2.0M) | $0 | ($16.0M) |
| Proceeds from sales of share in subsidiaries, net of cash | $441.0M | $36.0M | $0 | $40.0M |
| Proceeds from sales of property, plant and equipment | $10.0M | $102.0M | — | — |
| Other outflows from investing activities, net | $0 | $0 | $13.0M | ($3.0M) |
| Net cash flows used in investing activities from continuing operations | ($791.0M) | ($778.0M) | ($1.0B) | ($1.1B) |
| Net cash flows used in investing activities from discontinued operations | $0 | $0 | ($1.2B) | ($599.0M) |
| Proceeds from borrowings net of fees paid | $971.0M | $955.0M | $194.0M | $2.1B |
| Repayment of debt | ($1.3B) | ($1.5B) | ($1.1B) | ($1.6B) |
| Payments of lease liabilities | ($250.0M) | — | — | — |
| Dividends paid to non-controlling interests | $0 | ($15.0M) | ($15.0M) | ($12.0M) |
| Share repurchases | -105.0M | -8.0M | — | — |
| Proceeds from subsidiary listing, net of fees | $132.0M | — | — | — |
| Net cash flows used in financing activities from continuing operations | ($548.0M) | ($551.0M) | ($919.0M) | $456.0M |
| Net cash flows used in financing activities from discontinued operations | $0 | $0 | ($226.0M) | ($340.0M) |
| Net increase / (decrease) in cash and cash equivalents | $14.0M | ($179.0M) | ($1.3B) | $1.0B |
| Net foreign exchange difference related to continuing operations | $16.0M | ($21.0M) | ($36.0M) | ($95.0M) |
| Net foreign exchange difference related to discontinued operations | $0 | $0 | ($44.0M) | ($21.0M) |
| Cash and cash equivalents classified as discontinued operations/held for sale at the beginning of the period | $14.0M | $0 | $146.0M | $113.0M |
| Cash and cash equivalents classified as held for sale at the end of the period | $0 | — | — | — |
| Cash and cash equivalents at beginning of period | $1.7B | $1.9B | $3.1B | $2.2B |
| Cash and cash equivalents at end of period, net of overdraft | $1.7B | $1.7B | $1.9B | — |
| Line item | Jun 30, 2026 · YTD | Jun 30, 2025 · YTD | Jun 30, 2024 · YTD | Jun 30, 2023 · YTD |
|---|---|---|---|---|
| Profit before tax | $383.0M | $812.0M | $261.0M | $224.0M |
| Depreciation, amortization and impairment loss | $438.0M | $397.0M | $366.0M | $354.0M |
| Gain on disposal of non-current assets | ($5.0M) | $0 | $1.0M | ($1.0M) |
| Gain on disposal of subsidiaries, net | ($19.0M) | ($497.0M) | — | $0 |
| Finance costs | $317.0M | $246.0M | $249.0M | $280.0M |
| Finance income | ($48.0M) | ($20.0M) | ($22.0M) | ($33.0M) |
| Other non-operating loss/ (gain), net | $16.0M | ($31.0M) | ($21.0M) | ($14.0M) |
| Net foreign exchange (gain)/ loss | ($13.0M) | — | $12.0M | ($10.0M) |
| Changes in trade and other receivables and prepayments | ($83.0M) | ($98.0M) | ($63.0M) | ($51.0M) |
| Changes in inventories | $0 | ($3.0M) | ($5.0M) | ($9.0M) |
| Changes in trade and other payables | $163.0M | $79.0M | ($17.0M) | ($2.0M) |
| Changes in provisions, pensions and other | $45.0M | $48.0M | $41.0M | $64.0M |
| Interest paid | ($206.0M) | ($192.0M) | ($220.0M) | ($275.0M) |
| Interest received | $28.0M | $20.0M | $18.0M | $27.0M |
| Income tax paid | ($156.0M) | ($244.0M) | ($130.0M) | ($130.0M) |
| Net cash flows from operating activities | $860.0M | $569.0M | $470.0M | $424.0M |
| Purchase of property, plant and equipment | ($393.0M) | ($357.0M) | ($341.0M) | — |
| Purchase of intangible assets | ($84.0M) | ($67.0M) | ($116.0M) | — |
| Payment / (receipt) on deposits | $18.0M | ($20.0M) | ($29.0M) | ($39.0M) |
| Investment (in)/ receipts from financial assets | ($46.0M) | $31.0M | ($131.0M) | ($8.0M) |
| Acquisition of subsidiaries, net of cash acquired | ($234.0M) | ($141.0M) | — | $0 |
| Proceeds from sales of subsidiaries, net of cash | $120.0M | $280.0M | — | ($1.0M) |
| Proceeds from sales of property, plant and equipment | $35.0M | $4.0M | $101.0M | — |
| Outflows on loans granted | ($70.0M) | ($48.0M) | ($29.0M) | ($3.0M) |
| Net cash used in investing activities | ($654.0M) | ($318.0M) | ($546.0M) | ($454.0M) |
| Proceeds from borrowings, net of fees paid | $1.6B | $562.0M | $361.0M | $82.0M |
| Repayment of debt | ($1.2B) | ($1.2B) | ($1.3B) | ($688.0M) |
| Repayment of lease liabilities | ($140.0M) | — | — | — |
| Proceeds from sale of non-controlling interest | $140.0M | — | — | — |
| Share repurchases | -62.0M | -68.0M | — | — |
| ADG resolution | ($120.0M) | — | — | — |
| Net cash flows from / (used in) financing activities | $246.0M | ($667.0M) | ($916.0M) | ($606.0M) |
| Net Increase / (decrease) in cash and cash equivalents | $452.0M | ($416.0M) | ($992.0M) | ($531.0M) |
| Net foreign exchange difference | $9.0M | $2.0M | ($13.0M) | ($23.0M) |
| Cash and cash equivalents classified as held for sale at the beginning of the period | $0 | $14.0M | $0 | $146.0M |
| Cash and cash equivalents classified as held for sale at the end of the period | $0 | — | $35.0M | $223.0M |
| Cash and cash equivalents at beginning of period, net of overdrafts | $1.7B | $1.7B | $1.9B | $3.1B |
| Cash and cash equivalents at end of the period, net of overdrafts | $2.2B | $1.3B | — | — |
VEON Ltd ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.