VEON Reports 2Q26 Results | Digital Revenue Climbs 53.6%; VEON Raises 2026 Revenue and EBITDA Outlook

VEON Reports 2Q26 Results Digital Revenue Climbs 53.6%; VEON Raises 2026 Revenue and EBITDA Outlook

Key Highlights * Digital revenue climbed 53.6% YoY to USD 342 million, with Digital EBITDA margin at 36.1%, reaching 26.9% of Group revenues. * Total revenue reached USD 1,271 million (+17.0% YoY). * EBITDA reached USD 552 million (+6.2% YoY), 1H26 EBITDA grew 11.5% YoY to USD 1,069 million. * Profit for the period was USD 140 million (-77.0%) and reflects the impact from prior-year provision release of USD 45 million in Bangladesh, the USD 489 million gain on the Pakistan tower sale in 2Q25, and USD 21 million fair value loss on outstanding KGL warrants in 2Q26. * Equity FCF (after leases and license) reached USD 74 million (-1.4%) in 2Q26; USD 320 million in 1H26, up 47.5% YoY. * 2026 guidance raised. Revenue growth now 15%–18% YoY (previously 11% -14%), EBITDA growth now 9%–12% YoY (previously 7% to 10%). * Sustaining active buybacks. USD 82.5 million repurchased under the current USD 100 million securities repurchase program. * Accelerating capital return. VEON intends to purchase and cancel a minimum of USD 100 million of repurchased shares and ADSs on an annual basis which will comprise of a mix of shares and ADSs purchased in the open market and, on a pari-passu basis, shares from our major shareholders. Dubai and New York, July 31, 2026 – VEON Ltd. (Nasdaq: VEON) reported results for the second quarter of 2026, with double-digit revenue growth, continued digital scaling, and EBITDA growth of 6.2% (+11.5% for 1H26). On the strength of its first-half performance, VEON has raised its full-year revenue and EBITDA guidance.