Core Insights - VEON reported a total revenue growth of 8.9% year-on-year to USD 1,026 million for Q1 2025, with underlying local currency growth at 12.9% [2][9] - EBITDA increased by 13.7% year-on-year to USD 439 million, with a 10.4% increase in underlying local currency terms [4][9] - Direct digital revenue grew significantly by 50.2% year-on-year to USD 147 million, representing 14.3% of total revenues for the quarter [4][9] Financial Performance - The company achieved a year-on-year revenue growth of 8.9% in reported currency and 12.9% in local currency, adjusted for the impact of a cyberattack in Ukraine and the deconsolidation of TNS+ in Kazakhstan [2][3] - EBITDA for the quarter was USD 439 million, reflecting a 13.7% increase in reported currency and a 10.4% increase in underlying local currency terms [4][9] - Total cash and cash equivalents as of March 31, 2025, amounted to USD 1,775 million, with net debt to LTM EBITDA declining to 1.23x [5][9] Capital Expenditure and Outlook - Capex increased by 8.3% year-on-year, with a capex intensity of 13.1% [5] - The company maintains its FY25 outlook, expecting underlying local currency revenue growth of 12% to 14% and EBITDA growth of 13% to 15% [6] Share Buyback Program - VEON commenced the second phase of its share buyback program in March 2025, amounting to up to USD 35 million, following the completion of the first phase [7] Strategic Focus - The company emphasizes disciplined execution and innovation, aiming to enhance customer experiences through technology-driven services [10][11]

Core Insights - VEON Ltd. has partnered with GSMA Advance to become the inaugural member of the People Excellence Partner program, emphasizing its commitment to employee upskilling and knowledge advancement [1][2] - The partnership will provide VEON employees access to a variety of learning courses, enabling them to achieve certifications in critical areas such as 5G, IoT, mobile privacy, and regulatory best practices [3][4] - This initiative aligns with VEON's strategic move to Dubai, aiming to leverage the local talent pool and enhance its workforce capabilities in high-tech disciplines [4] Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, representing over 7% of the global population, and focuses on technology-driven services that promote economic growth [5] - The company is listed on Nasdaq and is dedicated to transforming lives through its digital services [5] GSMA Overview - GSMA represents the interests of mobile operators globally, uniting over 750 operators and nearly 400 companies in the mobile ecosystem [5] - The organization is known for hosting major industry events, including the Mobile World Congress (MWC) and the Mobile 360 Series [5]

Core Points - VEON Ltd. held its Annual General Meeting (AGM) in New York City, where shareholders approved the slate of seven directors for the incoming Board of Directors [1][2] - The Board re-elected Augie K Fabela II as Chairman for a second term, emphasizing the commitment to accelerate growth in dynamic frontier markets through AI-enabled digital services and cutting-edge technologies [2][3] - Approximately 99.5% of VEON Ltd. shares were represented at the AGM, where shareholders approved the re-appointment of UHY LLP as external auditor for the financial year ending December 31, 2025 [3] Company Overview - VEON is a Nasdaq-listed digital operator providing connectivity and digital services to nearly 160 million customers across six countries, impacting over 7% of the world's population [4]

Dubai and Astana, May 07, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ("VEON" and together with its subsidiaries, the "Group"), announces that QazCode, its Kazakh software development company, has signed a Memorandum of Understanding (MoU) with Seekr, an artificial intelligence (AI) technology provider, to develop and implement AI-powered business-to-business (B2B) solutions across QazCode's operations. To accelerate its development of augmented intelligence solutions for use across all of VEO ...

VEON to release 1Q 2025 trading update on May 15, 2025 Dubai, May 2, 2025 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that the Group will release its selected financial and operating results for the first quarter ended March 31, 2025, at or around 8:00 GST (0:00 EST) on May 15, 2025. VEON will also host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. 1Q25 results conference call To register and access the event, please click here or copy an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of April 2025 Commission File Number 1-34694 Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o. Information contained in this report On April 25, 2025, the Registrant issued a press release, a copy of which is furnished hereto as Ex ...

Financial Performance - Net Debt is calculated as the sum of interest-bearing long-term and short-term debt minus cash and cash equivalents, providing insight into the company's financial position [27]. - Mobile average revenue per user (ARPU) is calculated by dividing mobile service revenue by the average number of mobile customers during the period [31]. - The company expects improvements in Average Revenue Per User (ARPU) and future costs and operating results [53]. Operational Segments - VEON's reportable segments include Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan, with Kyrgyzstan reported separately under "Other" [28]. - The company presents capital expenditures excluding licenses and right-of-use assets, which include spending on equipment, new construction, and upgrades [26]. User Engagement - The number of 4G users is a key performance indicator, reflecting mobile customers engaged in revenue-generating activities over the 4G network [30]. - Digital services monthly active users (MAUs) represent the total active users across all digital products and services offered by VEON [32]. Market and Industry Insights - Market and industry data is sourced from regulatory publications and third-party studies, with mobile penetration rates defined as mobile connections divided by population [38]. - The company anticipates changes in competitive strengths, customer demands, and market trends in its operating industries [53]. Risks and Challenges - The ongoing war in Ukraine poses risks to the company's operations, including economic conditions and supply chain disruptions [49]. - Forward-looking statements in the report are based on management's estimates and are subject to various risks and uncertainties [47]. - The company is aware of potential adverse legislative and regulatory developments that could impact profitability [53]. - The company has outlined various risks in its Annual Report on Form 20-F that could affect its performance [53]. Strategic Initiatives - The company aims to expand its product offerings, including 4G and 5G networks, broadband services, and digital services in various sectors [49]. - The company plans to enhance marketing and distribution strategies, including customer loyalty programs [53]. - The company emphasizes the importance of meeting license requirements and obtaining regulatory approvals for operations [53]. - The company recognizes the importance of retaining key personnel for its operations [53].

Dubai, April 25, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator (‘VEON' or the ‘Company'), today announces that it has filed its Annual Report on Form 20-F for the year ended December 31, 2024 (the "2024 20-F") with the U.S. Securities and Exchange Commission at www.sec.gov. The filing follows the completion of the audit of the VEON Ltd. 2024 financial statements by the Company's independent auditor UHY LLP according to Public Company Accounting Oversight Board standards. "The filing of our 2024 2 ...

Core Insights - VEON Ltd. published its 2024 Integrated Annual Report, highlighting strong operational and financial performance along with a commitment to social impact [1][2][3] Financial Performance - Group revenues for FY24 increased by 8.3% year-on-year, while Group EBITDA grew by 4.9% year-on-year in reported currency [13] - Direct revenues from digital services accounted for 11.5% of total revenues, growing at a rate of 63% year-on-year in reported currency [13] Digital Transformation and AI Initiatives - VEON served 122 million total monthly active users across its digital services portfolio by the end of 2024, providing access to financial services, digital information, entertainment, healthcare, and learning opportunities [4] - The company launched AI-based solutions, including Kaz-LLM, a large language model in Kazakhstan, as part of its AI1440 ambition to augment human capabilities [5] Commitment to Ukraine - VEON and Kyivstar committed USD 1 billion in investments from 2023 to 2027 to rebuild Ukraine's digital infrastructure and expand essential digital services [6] - Key milestones included partnerships for satellite-based services and enhancing energy resilience [6] Energy Efficiency and Sustainability - The number of Base Transceiver Stations (BTS) using power-saving technology increased from approximately 63,000 in 2023 to 70,000 in 2024 [7] - The number of base stations powered by renewable energy rose from 993 in 2023 to 1,085 in 2024, while overall energy consumption in offices decreased by nearly 28% [7] Governance and Corporate Structure - VEON streamlined its governance by consolidating trading in its shares to the Nasdaq Stock Market and relocating its headquarters to the Dubai International Financial Center [9][10] Investment in Human Capital - The company invested USD 4.4 million in employee training and development in 2024, up from USD 2.6 million in 2023 [11] - Initiatives to support women's inclusion in the workforce were launched, with significant increases in women's representation in leadership roles across various countries [12]

Dubai, April 8, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, has successfully completed the reorganization of VEON Holdings B.V. and finalized its consent solicitation process, first announced on January 13, 2025. These steps pave the way for the proposed business combination with Cohen Circle Acquisition Corp. I, which is expected to lead to Kyivstar Group Ltd., the parent company of Ukraine’s leading digital operator Kyivstar, listing on the Nasdaq under the ticker symbol KYIV. The reorganiz ...