VEON - NASDAQ

VEON Ltd.

VEON·NASDAQ

$52.61

-1.2%

Communication ServicesTelecommunications Services

VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$3.64B

EPS7.5000

P/E Ratio7.01

Earnings Date08/06/2026

1.38B

Operating Cash Flow

20%

3Y-46.0%

5Y-44.0%

10Y-28.0%

-804.58M

Investing Cash Flow

3Y-51.0%

5Y-57.0%

10Y-70.0%

-557.41M

Financing Cash Flow

3Y-581.0%

5Y+441.0%

10Y+354.0%

VEON Ltd. Cash Conversion Engine

VEON · NASDAQ

FCF Components

Net Income541.13M

Depreciation & Amortization815.77M

Stock-Based Compensation0.00

Change in Working Capital78.32M

Others-59.00M

Capital Expenditures-745.58M

Free Cash Flow630.64M

Cash Flow Quality Analysis

FCF Conversion Rate

116.5%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

54.2%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

+20.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$78.32M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

VEON Ltd. Cash Flow Statement

VEON • NASDAQ

VEON Ltd. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	541.1M	415M	307M	656M	75M	373M	1B	-398.1M	-115.4M	-385.7M	-913.4M	-647M	-2.6B	1.5B	543M	1.8B	1.1B	530.5M	1.5B	811.5M
Depreciation & Amortization	815.8M	728M	735M	778M	799M	792M	2B	1.8B	2B	2B	2.1B	4.3B	4.8B	5B	4.8B	2B	1.7B	1.9B	1.4B	1.1B
Change in Deferred Taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-190.9M	0.0	0.0	32.9M	60.1M
Stock-Based Compensation	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	171.2M	44.3M
Other Non-Cash Items	-59M	-106M	821M	1.2B	1.9B	1.3B	53M	758M	485.6M	576.5M	1B	1.6B	4.2B	267M	691M	171.9M	495.3M	1.6B	43.7M	6.3M
Cash Taxes Paid	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(615.1M)	(428.8M)	(647.6M)	(601.9M)	(354.6M)
Change in Working Capital	78.3M	113M	248M	-66M	-96M	2M	-102M	322.9M	78.3M	-252.7M	-156.4M	-20M	-60M	445M	87M	-98M	201.5M	-533.9M	-63.4M	-5.4M
Cash from Operating Activities	1.4B	1.2B	2.1B	2.6B	2.6B	2.4B	2.9B	2.5B	2.5B	1.9B	2B	5.3B	6.4B	7.3B	6.1B	3.7B	3.5B	3.5B	3B	2B
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-965.3M	-907M	-766M	-1B	-858M	-550M	-1.6B	-2B	-2B	-1.7B	-2.2B	-4.5B	-4B	-3.9B	-6.3B	-1.8B	-891.6M	-2.4B	-1.6B	-1.5B
Acquisitions, Net	(299M)	(136M)	(0.0)	(24M)	-279M	-10M	(0.0)	(19.1M)	-239.8M	-312.6M	(2.3B)	(91M)	(125M)	-33M	-804M	-13M	(0.0)	-4.2B	-301.4M	-679.8M
Purchase of Investments	(0.0)	(0.0)	-147M	-14M	-48M	(0.0)	(0.0)	(0.0)	-101.3M	-88.3M	(0.0)	-23M	(0.0)	(0.0)	(0.0)	(0.0)	-12.5M	-497M	(0.0)	(0.0)
Sale/Maturity of Investments	0.0	92M	0.0	0.0	0.0	0.0	0.0	2.9B	0.0	0.0	73.7M	0.0	0.0	0.0	25M	455.2M	0.0	0.0	0.0	0.0
Other Investing Items	-138.3M	-99M	-1.3B	-656M	-274M	-1.3B	-291M	1B	-900.9M	-639.4M	-500.1M	444M	-383M	-89M	94M	-10.2M	-529.4M	-162.1M	-327.1M	-60.5M
Cash from Investing Activities	-804.6M	-778M	-2.2B	-1.7B	-1.5B	-1.9B	-1.9B	(2B)	-3.3B	-2.7B	-329.7M	-4B	-4.2B	-4B	-6.9B	-1.4B	-1.4B	-7.3B	-2.2B	-2.3B
FINANCING ACTIVITIES
Net Issuance of Common Stock	27.5M	-8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2M	0.0	1.4B	0.0	4M	-473M	-18.2M	-1.1B	-41.3M	-25.7M
Net Issuance of Debt	-330.6M	-528M	-904M	468M	104M	473M	-281M	-3.3B	491.6M	67M	-2.8B	1.4B	100M	-556M	3.8B	-1.7B	-1.2B	5.5B	193.8M	477.5M
Cash Paid for Dividends	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-259M	-520M	-509.3M	-519.7M	-61.9M	-60.8M	-71M	-4.1B	(0.0)	-1.2B	-578M	-315.6M	-594.2M	-331.9M	(0.0)
Share Repurchases	-106.8M	-8M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-1M	-480M	-18.2M	-1.1B	-81.1M	-38.5M
Other Financing Items	-254.3M	-15M	-241M	-352M	-569M	-317M	-838M	-93.2M	-447.5M	-127.9M	-891.5M	-16M	-12M	-31M	-13M	-85M	4.2M	0.0	-14.4M	-159M
Cash from Financing Activities	-557.4M	-551M	-1.1B	116M	-465M	-103M	-1.6B	-3.9B	-475.6M	-122.8M	-3.7B	1.3B	-2.6B	-587M	2.6B	-2.9B	-1.5B	3.8B	-193.7M	292.9M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	28.8M	-34M	66M	-162M	-131M	-51M	-8M	-104.2M	-349.5M	264.1M	-696.5M	-743M	1.6B	-1.1B	-465M	-487.9M	-1.6M	919.2M	49.8M	3.7M
Net Change in Cash	43M	-213M	-1.2B	855M	583M	423M	-572M	493.4M	-1.6B	-671.8M	-2.7B	1.9B	1.2B	1.6B	1.3B	-1B	532.3M	914.7M	659.2M	-19.2M
Cash at Beginning of Period	1.7B	1.9B	3.1B	2.3B	1.7B	1.2B	1.8B	1.3B	2.9B	3.6B	6.3B	4.5B	3.2B	1.7B	415M	1.4B	914.7M	0.0	344.5M	363.6M
Cash at End of Period	1.7B	1.7B	1.9B	3.1B	2.3B	1.7B	1.2B	1.8B	1.3B	2.9B	3.6B	6.3B	4.5B	3.2B	1.7B	415M	1.4B	914.7M	1B	344.5M
Free Cash Flow	630.6M	523M	1.6B	1.9B	1.9B	1.8B	1.4B	568.5M	439.4M	227.4M	-173.3M	790M	2.4B	3.4B	-154M	1.9B	2.8B	1.4B	1.4B	424.6M

SEC Filings

VEON - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
6-K 6-K 2026 Q2 Q2	June 02, 2026	June 02, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 20, 2026	May 19, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 20, 2026	May 20, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 18, 2026	May 18, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	May 14, 2026	March 31, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	May 13, 2026	March 31, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 11, 2026	May 11, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 27, 2026	April 27, 2026	2026	View Filing
6-K 6-K 2025 Q4 Q4	April 23, 2026	December 31, 2025	2025	View Filing
6-K 6-K 2026 Q1 Q1	March 31, 2026	March 31, 2026	2026	View Filing

Showing 1 to 10 of 543 filings

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