Quarterly ResultMay 14, 2026, 08:52 AM
VEON Q1 Revenue +17% to $1.20B; Profit $123M; Acquires Tabletki.ua
AI Summary
VEON reported a strong first quarter for 2026, with revenue increasing by 17% to $1.20 billion and profit for the period reaching $123 million. The company expanded its digital healthcare services by acquiring Tabletki.ua for $160 million and secured 190 MHz spectrum in Pakistan for approximately $240 million. Additionally, VEON completed a secondary public offering of Kyivstar Group Ltd. shares, generating $140 million in net proceeds, and resolved historical claims with the Dhabi Group.
Key Highlights
- Acquired Tabletki.ua for $160 million, expanding digital healthcare services.
- Secured 190 MHz mobile spectrum in Pakistan for approximately $240 million.
- Completed secondary public offering of Kyivstar Group Ltd. shares, raising $140 million.
- Q1 2026 Revenue increased 17% to $1,201 million from $1,026 million YoY.
- Q1 2026 Profit for the period was $123 million, up from $118 million YoY.
- Q1 2026 Adjusted EBITDA rose to $517 million from $439 million YoY.
- Resolved historical claims with Dhabi Group, involving $120 million cash and $30 million in ADSs.
- Pakistan segment revenue grew to $465 million from $386 million YoY.