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52.00 USD
P/E
6.89
EPS
7.50
P/B
2.44
ROE
36.67
Beta
1.62
Target Price
82.87 USD
VEON Ltd. logo

VEON Ltd.

🧾 Earnings Recap – Q3 2025

VEON reported robust Q3 2025 results, achieving a 7.5% increase in revenues and a 19.7% rise in EBITDA year-on-year, while transitioning to a leading digital operator in its markets.

  • Monthly digital service users have now surpassed telecom SIM card users for the first time, reflecting significant digital adoption and growth potential.
  • Direct digital revenues surged 63%, contributing 17.8% to total group revenues; financial services account for 54% of total digital revenue.
  • The company's fiscal year 2025 EBITDA outlook has been raised to 16-18% growth in local currency, up from the previous guidance of 14-16%.
  • A strategic asset-light approach led to the sale of Kyrgyzstan operations and plans for direct satellite connectivity through a partnership with Starlink.
  • VEON approved a $100 million share and/or bond repurchase program, underscoring confidence in growth prospects and shareholder value.
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Key Metrics
Earnings dateAug. 6, 2026
P/E6.89
EPS7.50
Book Value21.20
Price to Book2.44
Debt/Equity291.09
% Insiders0.060%
Growth
Revenue Growth0.17%
Earnings Growth0.02%
Estimates
Forward P/E6.22
Forward EPS8.31
Target Mean Price82.87

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VEON Ltd. Logo VEON Ltd. Analysis (VEON)

Netherlands Communication Services Official Website Stock

Is VEON Ltd. a good investment? VEON Ltd. (VEON) is currently trading at 52.00 USD. Market analysts have a consensus price target of 82.87 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 6.89. This relatively low multiple may signal that VEON Ltd. is undervalued compared to historical market norms.

Earnings Schedule: VEON Ltd. is expected to release its next earnings report on Aug. 6, 2026. The market consensus estimate for Forward EPS is 8.31.

Investor FAQ

Does VEON Ltd. pay a dividend?

No, it does not currently pay a dividend.

What asset class is VEON Ltd.?

VEON Ltd. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be Aug. 6, 2026. The company currently has a trailing EPS of 7.50.

Company Profile

VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.

Exchange Ticker
NMS (United States) VEON
Trades
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2020
0.15 USD
March 5, 2020 0.1500
2019
0.30 USD
Aug. 23, 2019 0.1300
March 20, 2019 0.1700
2018
0.29 USD
Aug. 21, 2018 0.1200
March 13, 2018 0.1700
2017
0.50 USD
Sept. 6, 2017 0.1100
April 12, 2017 0.3900
2016
0.04 USD
Dec. 7, 2016 0.0350
2015
0.04 USD
Dec. 7, 2015 0.0350
2014
0.04 USD
Dec. 8, 2014 0.0350
2013
2.39 USD
Dec. 13, 2013 0.4500
April 25, 2013 1.1400
Jan. 15, 2013 0.8000
2011
0.79 USD
Dec. 16, 2011 0.4500
June 10, 2011 0.1500
March 15, 2011 0.1900
2010
0.46 USD
Nov. 24, 2010 0.4600
2009
0.33 USD
Nov. 9, 2009 0.3260
2008
0.58 USD
April 28, 2008 0.5770
2007
1.60 USD
May 10, 2007 1.6040
Stock Splits
Split Date Split Ratio to 1
Nov. 23, 2004 3.000000
Aug. 22, 2007 5.000000
March 8, 2023 0.040000
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