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Friday 6 November 2026 Export VEON’s income statement to Excel — free account

VEON Ltd.

VEON Communication Services Telecom Services

VEON Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 9.87% from fiscal 2024.

Revenue
+16.9%
EPS
−79.6%
Free cash flow
+431.6%
Total debt
+19.1%

Quarter to June 2026, against a year earlier

74.70 4.31 −5.46%
Market cap
$4.8B
P/E
90.0×
Fwd P/E
12.5×
Dividend yield
—
F-score
8/9
Altman Z
0.79
Beneish M
−2.57
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

VEON Ltd. (VEON) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, VEON Ltd. (VEON) trades at a EV/FCF of 12.3×. Over the past ten years it has ranged from −72.5× (March 2016) to 119× (October 2015); the current reading is higher than 43% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 15.9× 0.17%
FY2024 15.9× 416.33%
FY2023 3.1× (42.66%)
FY2022 5.4× (7.87%)
FY2021 5.8× (59.28%)
FY2020 14.3× 34.92%
FY2019 10.6× (40.14%)
FY2018 17.7× (54.21%)
FY2017 38.7× (35.63%)
FY2016 60.1× —

Quarterly newest first

Period EV/FCF Change
Jun 2026 10.0× (45.29%)
Mar 2026 18.2× 14.27%
Dec 2025 15.9× (14.62%)
Sep 2025 18.7× 11.92%
42 more quarters

Against its own ten years

Low −72.5× High 119×
Ten-year median 14.9×
Current reading's percentile 46

EV/FCF against peers

Company EV/FCF
TKC Turkcell Iletisim Hizmetleri AS compare −39.6×
LUMN Lumen Technologies, Inc. compare −16.8×
TDS Telephone and Data Systems, Inc. compare −4.9×
PHI PLDT Inc. compare 11.5×
VEON VEON Ltd. 12.3×
LBTYK Liberty Global Ltd compare 21.7×
LBTYA Liberty Global Ltd compare 21.8×
LBTYB Liberty Global Ltd compare 23.0×
IRDM Iridium Communications Inc compare 23.7×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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