# VEON Ltd. (VEON)

> Communication Services · AE · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/VEON/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 2.48B | $ 221.44M | $ 415.73M | $ 5.85B | $ 1.51B |
| 2025 | $ 4.52B | $ 544.39M | $ 634.10M | $ 5.14B | $ 1.34B |
| 2024 | $ 4.21B | $ 436.20M | $ 549.71M | $ 4.69B | $ 1.10B |
| 2023 | $ 4.00B | $ -2.73B | $ 1.74B | $ 5.16B | $ 858.00M |
| 2022 | $ 4.19B | $ 42.45M | $ 2.15B | $ 8.18B | $ 569.00M |
| 2021 | $ 9.26B | $ 801.15M | $ 1.08B | $ 10.65B | $ 586.00M |
| 2020 | $ 9.95B | $ -444.60M | $ 946.53M | $ 10.06B | $ 163.00M |
| 2019 | $ 11.39B | $ 802.85M | $ 1.63B | $ 10.34B | $ 1.23B |
| 2018 | $ 12.00B | $ 768.64M | $ 748.83M | $ 7.86B | $ 3.67B |
| 2017 | $ 12.76B | $ -680.30M | $ 591.98M | $ 11.63B | $ 4.35B |
| 2016 | $ 12.22B | $ 3.20B | $ 305.43M | $ 11.12B | $ 6.05B |
| 2015 | $ 13.49B | $ -919.65M | $ -240.09M | $ 9.54B | $ 3.77B |
| 2014 | $ 19.10B | $ -914.22M | $ 1.45B | $ 26.44B | $ 4.89B |
| 2013 | $ 32.07B | $ -3.73B | $ 3.41B | $ 26.80B | $ 10.94B |
| 2012 | $ 33.29B | $ 2.22B | $ 4.87B | $ 25.69B | $ 14.25B |
| 2011 | $ 29.77B | $ 784.25M | $ -86.66M | $ 28.84B | $ 14.04B |
| 2010 | $ 15.92B | $ 2.53B | $ 2.90B | $ 5.66B | $ 10.67B |
| 2009 | $ 13.18B | $ 1.70B | $ 3.97B | $ 7.35B | $ 4.51B |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 3.87 |
| Liabilities / Eq | 5.52 |
| Current Ratio | 0.97 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 23.29 |
| Gross Debt / FCF | 5.24 |

## Other views

- [Metrics](https://sponda.capital/en/VEON.md)
- [Charts](https://sponda.capital/en/VEON/charts.md)
- [Compare](https://sponda.capital/en/VEON/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-30.