VEON Ltd. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	4,093	3,871	3,595	3,628	3,725	3,377
Other Revenue	133	133	103	127	125	105
Revenue	4,226	4,004	3,698	3,755	3,850	3,482
Revenue Growth (YoY)	6.74%	8.28%	-1.52%	-2.47%	10.57%	-56.75%
Cost of Revenue	497	515	441	476	484	454
Gross Profit	3,729	3,489	3,257	3,279	3,366	3,028
Selling, General & Admin	1,783	1,731	1,572	1,503	1,476	1,382
Amortization of Goodwill & Intangibles	219	199	208	221	194	177
Other Operating Expenses	55	67	73	29	50	21
Operating Expenses	2,619	2,526	2,380	2,310	2,325	2,133
Operating Income	1,110	963	877	969	1,041	895
Interest Expense	-515	-495	-531	-583	-591	-628
Interest & Investment Income	51	49	60	32	13	19
Currency Exchange Gain (Loss)	-41	9	81	181	-7	16
Other Non Operating Income (Expenses)	-164	-6	-7	-20	19	49
EBT Excluding Unusual Items	441	520	480	579	475	351
Gain (Loss) on Sale of Investments	37	37	27	29	7	12
Gain (Loss) on Sale of Assets	407	150	46	87	9	-10
Asset Writedown	-7	-3	6	107	-27	-62
Other Unusual Items	-	-	-	-	-	82
Pretax Income	878	704	559	802	464	373
Income Tax Expense	186	217	179	69	344	279
Earnings From Continuing Operations	692	487	380	733	120	94
Earnings From Discontinued Operations	-	-	-2,830	-742	681	-410
Net Income to Company	692	487	-2,450	-9	801	-316
Minority Interest in Earnings	-48	-72	-78	-153	-127	-33
Net Income	644	415	-2,528	-162	674	-349
Net Income to Common	644	415	-2,528	-162	674	-349
Shares Outstanding (Basic)	71	71	70	70	70	70
Shares Outstanding (Diluted)	72	72	70	70	71	70
Shares Change (YoY)	2.20%	3.13%	-0.28%	-1.18%	1.19%	0.69%
EPS (Basic)	9.09	5.86	-35.99	-2.31	9.60	-4.98
EPS (Diluted)	8.91	5.75	-36.04	-2.31	9.60	-5.00
Free Cash Flow	595	523	1,580	1,923	1,939	1,893
Free Cash Flow Per Share	8.21	7.22	22.49	27.30	27.20	26.87
Gross Margin	88.24%	87.14%	88.08%	87.32%	87.43%	86.96%
Operating Margin	26.27%	24.05%	23.72%	25.81%	27.04%	25.70%
Profit Margin	15.24%	10.37%	-68.36%	-4.31%	17.51%	-10.02%
Free Cash Flow Margin	14.08%	13.06%	42.73%	51.21%	50.36%	54.36%
EBITDA	1,676	1,476	1,393	1,640	1,840	1,625
EBITDA Margin	39.66%	36.86%	37.67%	43.68%	47.79%	46.67%
D&A For EBITDA	566	513	516	671	799	730
EBIT	1,110	963	877	969	1,041	895
EBIT Margin	26.27%	24.05%	23.71%	25.80%	27.04%	25.70%
Effective Tax Rate	21.19%	30.82%	32.02%	8.60%	74.14%	74.80%
Revenue as Reported	4,004	4,004	3,698	3,755	3,850	3,482

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q