VEON reported strong 3Q25 results with total revenue up 7.5% YoY to USD 1,115 mn and EBITDA up 19.7% YoY to USD 524 mn. Direct digital revenue grew 63.1% YoY to USD 198 mn, representing 17.8% of total revenue. VEON raised its 2025 EBITDA outlook to 16-18% in LCY terms.

VEON’s Board authorized buyback programs for up to USD 100 mn of ADSs and/or outstanding bonds. The company mitigated material uncertainty about its future viability. VEON’s stake in Kyivstar Group is valued at USD 2.5 bn. VEON signed a global agreement with Starlink and is advancing Direct to Cell plans in Kazakhstan.

VEON’s strategic initiatives, including the Kyivstar listing and JazzCash independence, drove 3Q25 performance. The company’s EBITDA margin expanded to 47.0%. Total cash, cash equivalents, and deposits were USD 1,666 mn. VEON expects EBITDA growth in USD terms of 10-11% YoY for 2025.

VEON’s CEO highlighted the company’s resilient model, strong revenue and EBITDA growth, and focus on digital services. The company achieved key milestones like the Kyivstar listing and JazzCash independence. VEON remains optimistic about future growth and value creation.

For more information, visit VEON’s website. Note that all financial information is preliminary and subject to change. VEON’s forward-looking statements are subject to risks and uncertainties. Check the full 3Q25 Earnings Release for a detailed disclaimer and contact VEON Investor Relations for more information.

Read more at GlobeNewswire: VEON Raises 2025 Outlook, Robust Revenue and EBITDA