The financials
VEON Ltd. by the numbers
VEON Ltd. (VEON) reported revenue of $2.29B in H2 2025 (quarter ended December 31, 2025), up 123% from the same quarter a year earlier. That came with net loss of $135M. For the full year FY2025, revenue was $4.40B (+9.9% year on year) and net income $591M.
| Income statement | H2 2025 | Q2 2024 | Change |
|---|---|---|---|
| Revenue | $2.29B | $1.03B | +123% |
| Gross profit | n/a | $1.02B | n/a |
| Operating income | $380M | $278M | +37% |
| Net income | −$135M | $89M | to a loss |
| Diluted EPS | −$0.09 | $0.04 | to a loss |