VEON Ltd. (VEON) — Financial statements
Income statement, balance sheet, and cash flow for VEON Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,475↑11.8% | 4,004↑8.3% | 3,698↓1.5% | 3,755↓2.5% | 3,850 | |
| Cost of Revenue | 1,351↑162.3% | 515↑16.8% | 441↓7.4% | 476↓1.7% | 484 | |
| Gross Profit | 3,124↓10.5% | 3,489↑7.1% | 3,257↓0.7% | 3,279↓2.6% | 3,366 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 2,080↑20.2% | 1,731↑10.1% | 1,572↑4.6% | 1,503↑1.8% | 1,476 | |
| Other Expenses | 0.00↓100.0% | 648↓14.3% | 756↑23.3% | 613↓29.3% | 867 | |
| Operating Expenses | 2,080↓12.6% | 2,379↑2.2% | 2,328↑10.0% | 2,116↓9.7% | 2,343 | |
| Total Costs & Expenses | 3,431↑18.6% | 2,894↑4.5% | 2,769↑6.8% | 2,592↓8.3% | 2,827 | |
| Operating Results | ||||||
| Operating Income | 1,044↓6.0% | 1,110↑19.5% | 929↓20.1% | 1,163↑13.7% | 1,023 | |
| Depreciation & Amortization | 816↑59.0% | 513↓0.6% | 516↓23.1% | 671↓16.0% | 799 | |
| EBITDA | 1,859↑26.0% | 1,476↑6.0% | 1,393↓15.1% | 1,640↓10.9% | 1,840 | |
| EBIT | 1,044↑8.4% | 963↑9.8% | 877↓9.5% | 969↓6.9% | 1,041 | |
| Interest & Other Income | ||||||
| Net Interest Income | -491↓10.2% | -446↑5.3% | -471↑14.5% | -551↑4.7% | -578 | |
| Interest Income | 53↑7.9% | 49↓18.3% | 60↑87.5% | 32↑146.2% | 13 | |
| Interest Expense | 544↑9.9% | 495↓6.8% | 531↓8.9% | 583↓1.4% | 591 | |
| Non-Operating Income | 0.00↓100.0% | 147↑182.7% | 52↓73.2% | 194↑1177.8% | -18 | |
| Other Income / Expenses | -245↑39.6% | -406↓9.7% | -370↓2.5% | -361↑35.4% | -559 | |
| Income Before Tax | 798↑13.4% | 704↑25.9% | 559↓30.3% | 802↑72.8% | 464 | |
| Income Tax Expense | 197↓9.1% | 217↑21.2% | 179↑159.4% | 69↓79.9% | 344 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 601↑23.4% | 487↑28.2% | 380↓48.2% | 733↑510.8% | 120 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↑100.0% | -2,830↓281.4% | -742↓209.0% | 681 | |
| Net Income | 541↑30.4% | 415↑116.4% | -2,528↓1460.5% | -162↓124.0% | 674 | |
| Bottom-Line Net Income | 541↑30.4% | 415↑116.4% | -2,528↓1460.5% | -162↓124.0% | 674 | |
| EPS (Basic) | 7.50↑28.0% | 5.86↑116.3% | -35.93↓1496.9% | -2.25↓123.4% | 9.61 | |
| EPS (Diluted) | 7.50↑30.9% | 5.73↑115.9% | -36.00↓1500.0% | -2.25↓123.5% | 9.57 | |
| Weighted Average Shares | 72↑1.4% | 71↑0.8% | 70↑0.2% | 70↑0.0% | 70 | |
| Weighted Average Diluted Shares | 72↓0.9% | 72↑1.6% | 71↑1.2% | 70↑0.0% | 70 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.