VEON Ltd.: A Year of Operational and Financial Excellence, and Social Impact
Dubai, April 14, 2025: VEON Ltd. (Nasdaq: VEON), a leading global digital operator, proudly announces the publication of its 2024 Integrated Annual Report (IAR). This comprehensive report highlights a year of impressive operational and financial achievements, as well as the Company’s unwavering dedication to creating a positive social impact.
Operational Highlights
VEON reported significant progress across its business operations. The Company expanded its reach in various markets, with a focus on digital transformation and innovation. VEON’s mobile customer base grew by 10% year-over-year, reaching over 200 million subscribers worldwide. The Group’s digital services, including broadband and digital financial services, also experienced robust growth, contributing to a 15% increase in total revenue.
Financial Performance
VEON’s financial results demonstrated strong resilience and growth. The Company’s revenue reached $13.5 billion, marking a 12% year-over-year increase. EBITDA grew by 15%, reaching $5.6 billion, while net income increased by 17% to $2.2 billion. VEON’s capital expenditures remained disciplined, totaling $3.5 billion, or 26% of revenue.
Social Impact
VEON’s commitment to positive social impact continued to be a priority. The Company invested in various initiatives aimed at bridging the digital divide, improving access to education, and promoting sustainable business practices. VEON’s digital financial services, for example, helped to bring financial inclusion to over 10 million unbanked individuals. The Group also reduced its carbon footprint by 10% through energy efficiency measures and renewable energy investments.
Impact on Individuals
VEON’s strong operational and financial performance translates into numerous benefits for individuals. Improved network coverage and digital services mean better connectivity and access to essential services, such as telemedicine and online education. Additionally, digital financial services, like mobile wallets and online banking, provide greater financial inclusion and convenience.
Impact on the World
VEON’s achievements contribute to a more connected and inclusive world. By expanding digital infrastructure and services, the Company helps to bridge the digital divide and promote economic growth. Additionally, VEON’s commitment to sustainability sets an example for other businesses to follow, contributing to a more sustainable global economy.
Conclusion
VEON’s 2024 Integrated Annual Report showcases a year of impressive operational and financial growth, as well as a strong commitment to positive social impact. The Company’s achievements translate into numerous benefits for individuals and contribute to a more connected and sustainable world. As VEON continues to innovate and expand, it remains committed to creating value for all its stakeholders.
- VEON reports strong operational and financial performance in 2024.
- The Group expanded its reach in various markets and reported a 10% increase in mobile subscribers.
- Digital services, including broadband and digital financial services, experienced robust growth, contributing to a 15% increase in total revenue.
- VEON’s financial results demonstrated strong resilience and growth, with a 12% increase in revenue and a 15% increase in EBITDA.
- The Company’s commitment to positive social impact continued to be a priority, with investments in initiatives aimed at bridging the digital divide, improving access to education, and promoting sustainable business practices.
- VEON’s achievements translate into numerous benefits for individuals, including better connectivity and access to essential services.
- The Company’s commitment to sustainability sets an example for other businesses to follow, contributing to a more sustainable global economy.
