VEON posts 17% revenue rise in Q2 2026 and lifts 2026 outlook

VEON Ltd. reported second‑quarter 2026 revenue of $1.271 billion, a 17.0% year‑over‑year increase, and EBITDA of $552 million, up 6.2% YoY. Digital revenue jumped 53.6% to $342 million, representing 26.9% of group revenue, up from 20.5% a year earlier. Net profit fell 77% to $140 million, reflecting prior‑year one‑offs and a $21 million fair‑value loss on KGL warrants.

The company raised its 2026 guidance, targeting total revenue growth of 15%–18% YoY and EBITDA growth of 9%–12% YoY. Equity free‑cash flow reached $74 million in Q2 and $320 million for the first half, a 47.5% YoY rise. VEON repurchased roughly $82.6 million of shares under its $100 million buy‑back program and plans to cancel at least $100 million of shares and ADSs annually. It also completed a $1.4 billion bond offering that refinanced nearly all 2027 debt and acquired a 76.3% stake in Pakistan’s TPL Insurance.