Q2 2025 VEON Ltd Earnings Call Transcript

Aug 7, 2025 / 12:00 PM GMT

Release Date Price: $53.47 (+2.13%)

Transcript

Key Points

Positve

VEON Ltd (VEON) reported a 5.9% year-on-year increase in revenues in US dollars, with a 13.2% growth in EBITDA.
The company revised its 2025 outlook, expecting local currency revenue growth between 13% to 15% and EBITDA growth between 14% to 16%.
Direct digital revenues grew by 57% year-on-year in dollar terms, now contributing 16.5% of total group revenues.
VEON Ltd (VEON) completed the third phase of its $100 million share buyback program, repurchasing close to 3% of its shares.
The company enhanced its financial flexibility with a $200 million private bond issuance and successfully repaid bond maturities in April and June 2025.

Negative

VEON Ltd (VEON) expects a non-cash charge of $150 to $200 million in the third quarter due to transactions like the sale of Kyrgyzstan operations.
The company faces challenges in increasing 4G adoption in certain markets, such as Ukraine, where penetration remains stable.
Weighted average inflation across VEON Ltd (VEON)'s markets increased to 8.7% in the second quarter, posing a potential risk to cost management.
The company continues to carry a 'going concern' language in its financial statements, although it expects to address this by the end of the year.
VEON Ltd (VEON) faces geopolitical and macroeconomic volatility, which could impact its operations and financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VEON.OQ - VEON Ltd
Q2 2025 VEON Ltd Earnings Call
Aug 07, 2025 / 12:00PM GMT

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Presentation
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