Quarterly ResultApr 23, 2026, 04:02 AM
VEON's 2025 Revenue Up 9.9% to $4.4B, EBITDA Up 18.8% to $2B
AI Summary
VEON Ltd. announced its 2025 Integrated Annual Report, highlighting robust financial and digital performance. The company achieved a significant milestone with digital service users exceeding connectivity users for the first time, reaching 205.8 million. Group revenues increased by 9.9% to USD 4,399 million, and EBITDA rose by 18.8% to USD 2,009 million, reflecting strong digital monetization and disciplined cost management. VEON also advanced its ESG program and AI initiatives, including partnerships for satellite connectivity and sovereign AI development.
Key Highlights
- 2025 Group revenues increased 9.9% to USD 4,399 million.
- 2025 EBITDA rose 18.8% to USD 2,009 million.
- Digital service users reached 205.8 million, exceeding connectivity users.
- Direct digital revenues grew 62.5% year-on-year.
- Direct digital revenues accounted for 17.3% of total Group revenues.