VEON had a strong start to 2025 with significant revenue and EBITDA growth

From GlobeNewswire: 2025-05-15 00:04:00

VEON reported a strong start to 2025 with a 8.9% YoY revenue growth, hitting USD 1,026 million and a 13.7% YoY EBITDA growth to USD 439 million. Direct digital revenue surged by 50.2% YoY to USD 147 million. The company’s total cash and cash equivalents stood at USD 1,775 million, with net debt excluding lease liabilities at USD 1,810 million. VEON is maintaining its FY25 outlook with expected revenue growth between 12% and 14% YoY and EBITDA growth between 13% and 15% YoY. The company also announced a second phase share buyback program of up to USD 35 million. CEO Kaan Terzioglu emphasized the focus on disciplined execution and innovation to drive value for customers and shareholders.



Read more at GlobeNewswire: Strong Start to 2025, Digital