OakChart

VEON Ltd ADR

VEONCommunication Services·Telecom Services·United Arab Emirates·Mid·NASD·Nov 11 • 3:31 PM ET

76.39+0.88 (1.17%)
2026-11-11 21:32 CET
Market cap
4,814.12 USD m
Revenue, TTM
4,768.36 USD m
Net income, TTM
59.51 USD m
Free cash flow, TTM
879.67 USD m
EPS diluted, TTM
0.76
P/E
99.91
Compare

Price

VEON against its 20, 50 and 200-day averages
2050200beat
50.0060.0070.0080.0090.00191K381KVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26VEONclose 76.3920-day 81.1150-day 75.56200-day 58.6776.3952w high

14.2% under the 52-week high of 89.00 on 30 Oct 2026. 52-week low 44.00 on 12 Mar 2026. Last 15 sessions, 22.8% high to low

Volume 0.98× normal · the line is the 50-bar volume average

Profile

VEON
52-week range, 72% of the way up
44.0089.00

VEON Ltd. is a holding company, which engages in the provision of connectivity and digital services. It operates through the following geographical segments: Pakistan, Ukraine, Kazakhstan, Uzbekistan, and Bangladesh. Additionally, the company reports its operations under Other, which includes activities in Kyrgyzstan, and HQ and eliminations, which covers management-related transactions. The company was founded by Dmitriy Borisovich Zimin and Augie K. Fabela II in 1992 and is headquartered in Dubai, United Arab Emirates.

Employees18938
IPONov 15, 1996
Beta1.63
ATR, 14d3.78
Rel volume0.98
Short float0.41%
Insider own0.00%
Inst own25.00%

Snapshot

6 groups

Valuation

Index-
Market Cap4.87B
Enterprise Value8.44B
Income59.51M
Sales4.77B
Book/sh23.73
Cash/sh42.17
Dividend Est.-
Dividend TTM-
Dividend Ex-DateFeb 26, 2020
Dividend Gr. 3/5Y- -
Payout0.00%
Employees18938
IPONov 15, 1996

Ratios

P/E99.91
Forward P/E8.87
PEG0.67
P/S1.02
P/B3.22
P/C1.81
P/FCF5.54
EV/EBITDA4.35
EV/Sales1.77
Quick Ratio0.96
Current Ratio0.97
Debt/Eq3.87
LT Debt/Eq2.92
Option/ShortYes / Yes

Earnings

EPS (ttm)0.76
EPS next Y8.61
EPS next Q1.58
EPS this Y-6.31%
EPS next Y23.84%
EPS next 5Y13.33%
EPS past 3/5Y-2.11% -
Sales past 3/5Y4.84% -9.10%
EPS Y/Y TTM-94.13%
Sales Y/Y TTM14.60%
EPS Q/Q-80.17%
Sales Q/Q14.59%
EarningsNov 06 BMO
EPS/Sales Surpr.54.78% 0.02%

Ownership

Insider Own0.00%
Insider Trans-
Inst Own25.00%
Inst Trans-0.97%
ROA0.64%
ROE4.22%
ROIC1.00%
Gross Margin69.38%
Oper. Margin23.04%
Profit Margin1.25%
SMA20-5.83%
SMA501.10%
SMA20030.20%
Trades-

Technical

Shs Outstand63.75M
Shs Float63.75M
Short Float0.41%
Short Ratio1.57
Short Interest0.26M
52W High89.00 -14.17%
52W Low44.00 73.61%
Volatility5.76% 4.67%
ATR (14)3.78
RSI (14)45.54
Beta1.63
Rel Volume0.98
Avg Volume164.92K
Volume150,481

Performance

Perf Week-3.32%
Perf Month-5.53%
Perf Quarter33.92%
Perf Half Y34.28%
Perf YTD45.31%
Perf Year58.75%
Perf 3Y330.37%
Perf 5Y52.02%
Perf 10Y-9.60%
Recom1.00
Target Price94.17
Prev Close75.51
Price76.39
Change %1.17%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 02, 2026InitiatedCCantor FitzgeraldOverweight$112+46.6%
Jun 09, 2026InitiatedNNorthland CapitalOutperform$70-8.4%
Apr 16, 2026InitiatedRRothschild & Co RedburnBuy$74-3.1%
Nov 12, 2024InitiatedTThe Benchmark CompanyBuy$48-37.2%
Oct 11, 2023InitiatedNNew StreetBuy
Aug 26, 2021UpgradeBBofA SecuritiesUnderperform → Buy$2.70-96.5%
Jan 27, 2021DowngradeBBofA SecuritiesNeutral → Underperform
Jan 25, 2021DowngradeHHSBC SecuritiesBuy → Hold
Oct 29, 2020ResumedMMorgan StanleyOverweight
Oct 06, 2020InitiatedMMorgan StanleyOverweight

Peers

Mkt cap
TickerCompanyMkt cap
TKCTurkcell Iletisim Hizmetleri A.S ADR4.17B
TIGOMillicom International Cellular SA14.98B
PHIPLDT Inc ADR3.83B
TLKTelkom Indonesia (Persero) Tbk PT ADR11.20B
VODVodafone Group plc ADR36.18B
AMXAmerica Movil SAB de CV ADR79.02B
TIMBTIM SA ADR9.28B
LILALiberty Latin America Ltd1.88B
TEOTelecom Argentina SA ADR1.32B
VIVTelefonica Brasil SA ADR19.61B

Insider trading

2 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Fabela Augie K IIDirectorAug 06 '26Buy56.0015,000839,94091,000Aug 10 12:57 PM
Fabela Augie K IIDirectorAug 07 '26Buy56.025,000280,11396,000Aug 10 12:57 PM

Held by

AUM
TickerCompanyAUM
ISCFiShares International Small-Cap Equity Factor ETFAUM: 714.55M
AADRAdvisorShares Dorsey Wright ADR ETFAUM: 33.73M
ONEQFidelity Nasdaq Composite Index ETFAUM: 10.35B
APIEActivePassive International Equity ETFAUM: 1.13B
RISEPictet Emerging Markets Rising Economies ETFAUM: 21.00M

News

latest 14 of 200
  • VEON Beats Big On EPS And Raises Its Guidance Floor, But Digital Deceleration And Margin Compression Complicate The Story (Earnings Whispers)
  • VEON Expands its Digital Commerce Footprint with Acquisition of OLX in Kazakhstan (GlobeNewswire)
  • 3Q26: VEON Delivers Double-Digit Growth as Digital Services Reach 27.2% of Revenue (GlobeNewswire)
  • VEON to Acquire Interest in Jungo TV and All Women's Sports Network (AWSN) to Accelerate Digital Entertainment Growth (GlobeNewswire)
  • VEON's Banglalink Launches Mukto Pay, Expanding Digital Financial Services in Bangladesh (GlobeNewswire)
  • VEON's Digital Surge Faces A Margin Test After Three Straight Guidance Raises (Earnings Whispers)
  • VEON's Kyivstar Acquires GigaCloud, Expanding Cloud Services for Ukrainian Businesses (GlobeNewswire)
  • VEON Advances Buyback Program, Cancels Shares (GlobeNewswire)
  • VEON Accelerates Telecom Market Consolidation in Uzbekistan, a Market of Nearly 40 Million People (GlobeNewswire)
  • In less than one year, Starlink Mobile Connects 11 Million People Across VEON's Three High Growth Markets (GlobeNewswire)
  • VEON Brings Starlink's Satellite-to-Mobile Service to South Asia with Banglalink launch (GlobeNewswire)
  • VEON to Report 3Q26 Results on November 6, 2026 (GlobeNewswire)
  • Nike downgraded, Airbnb upgraded: Wall Street's top analyst calls (The Fly)
  • VEON's Beeline Kazakhstan Becomes First Operator in Country to Launch Starlink's Satellite to Mobile Service (GlobeNewswire) +6.57%

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-062.6701.7251.6901,3071,3072
2026Q22026-07-311.6981.4601.6901,2711,2292
2026Q12026-05-131.3830.9901.3931,2011,1741
2025Q42026-03-13-0.4401.325-0.4551,1711,1182
2025Q32025-11-10-1.840-2.610-1.8901,1151,1002
2025Q22025-08-078.3000.9508.6601,0871,0241
2025Q12025-05-151.4000.8301.4591,0269961
2024Q42025-03-201.0300.7701.1069989971
2024Q32024-11-142.9500.5702.9381,0381,0131
2024Q22024-08-080.960-0.9721,026--
2023Q12023-06-290.010-4.837884--
2022Q12022-06-28-2.500--2.0651,823-1
2021Q42022-03-011.2732.0844.2132,0522,0353
2021Q32021-10-281.5002.7502.0862,0052,0812
2021Q22021-08-301.4151.9171.4361,9842,0192
2021Q12021-04-291.7501.7501.8391,9891,990-

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY20.7315.308-9.9899,0868,987
2019FY8.018-8.8918,863-
2020FY6.2466.535-4.9347,9807,973
2021FY0.268-9.5487,788-
2023FY5.3004.52517.1863,6763,656
2024FY5.7304.9255.6984,0043,993
2025FY7.4209.1667.4204,3994,341
2026FY-6.951--5,117
2027FY-8.608--5,534
2028FY-10.800--6,120
2029FY-13.335--6,584
2030FY-14.987--7,191

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-063201,3571,3481,368
2026Q4S2026-11-043101,3501,3481,355
2026Q4S2026-10-173101,3491,3451,355
2026Q4S2026-10-143201,3491,3451,355
2026Q4S2026-09-233301,3491,3451,355
2026Q4S2026-09-083201,3251,2811,348
2026Q4S2026-08-033301,3231,2811,348
2026Q4S2026-07-313201,3011,2811,340
2026Q4S2026-07-293101,2771,2671,283
2026Q4S2026-07-273101,2781,2691,283
2026Q4S2026-06-253201,2781,2691,283
2026Q4S2026-06-123101,2731,2671,283
2026Q4S2026-06-083101,2741,2671,283
2026Q4S2026-05-132101,2701,2671,273

Estimate history

EPS, annual-7.242-9.9898.891-4.9349.5488.22217.1865.6987.5410.7646
Period201720182019202020212022202320242025TTM
EPS, quarterly0.9722.9381.1061.4598.66-1.89-0.4551.3931.718
PeriodQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales, annual9505.0129110.18877.4147211.4623841.8583883.4183719.2183982.1984474.5234768.36
Period201720182019202020212022202320242025TTM
Sales, quarterly1037.0991031.261962.0621060.1711107.4131109.991183.0641206.341268.968
PeriodQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Shares, annual69.96569.96569.96569.96569.96570.13470.23970.61968.76763.755
Period201720182019202020212022202320242025MRQ
Shares, quarterly70.65370.73570.61970.169.15468.99668.76769.24163.755
PeriodQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue4,768.364,474.523,982.203,719.223,883.423,841.867,211.468,877.419,110.10
Cost of Goods Sold Incl. D&A1,460.201,350.801,236.231,182.751,296.891,280.293,416.324,085.633,960.48
Gross Profit3,308.163,123.722,745.972,536.472,586.532,561.573,795.144,791.785,149.62
Selling, General and Administrative Excl. Other2,209.712,020.101,721.571,581.021,554.401,472.882,351.072,811.563,706.81
Other Operating Expense0.0060.0167.6374.4219.6551.8954.40158.260.00
Operating Income1,098.451,043.61956.76881.031,012.481,036.801,389.671,821.961,442.82
Interest Expense607.22544.18492.30534.05602.94589.75665.66893.45818.16
Unusual Expense10.02160.712.98-5.03-109.637.98663.68-225.37950.51
Net Income Before Taxes357.44798.48700.17562.21829.43463.02-81.111,182.92-248.66
Income Taxes228.63197.33215.82180.0371.36343.27309.59498.81369.98
Consolidated Net Income128.81601.15484.35382.18758.07119.75-390.69684.11-618.64
Net Income From Continuing Operations59.51541.13412.74308.76678.4374.84-379.81622.01-398.05
Net Income59.51541.13412.741,224.99579.15672.57-345.19622.01-698.85
EPS (Recurring)0.949.115.7317.147.139.631.716.64-0.48
EPS (Basic, Before Extraordinaries)0.837.755.8317.448.269.59-4.938.89-9.99
EPS (Diluted)0.767.545.7017.198.229.55-4.938.89-9.99
EBITDA1,942.201,859.381,680.801,620.241,817.091,834.113,112.673,871.293,281.68
Non-Operating Income (Expense)-123.77459.76238.69210.20310.2623.95-141.4429.0577.20
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio90.8490.84-1.111.934.45-7.09-
Price To Sales Ratio0.780.840.730.380.220.780.370.500.45
Gross Margin69.3869.8168.9668.2066.6066.6852.6353.9856.53
Operating Margin23.0423.3224.0323.6926.0726.9919.2720.5215.84
Net Margin1.2512.0910.3632.9414.9117.51-4.797.01-7.67
Shares Outstanding63.7568.7770.6270.2470.1369.9769.9769.9769.97
Market Capitalization4,814.124,814.122,836.491,383.51858.382,991.012,641.184,425.294,092.96

Income statement, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q3
Total Revenue1,268.971,206.341,183.061,109.991,107.411,060.17962.061,031.26
Cost of Goods Sold Incl. D&A395.37361.60367.75335.49305.63337.89302.69323.20
Gross Profit873.60844.74815.31774.50801.78722.28659.37708.06
Selling, General and Administrative Excl. Other549.12535.37496.06629.16472.71473.25442.47454.47
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income324.48309.37319.26145.34329.07249.03216.90253.59
Interest Expense166.73150.67144.47145.34129.38122.96118.57122.32
Unusual Expense2.002.013.032.991.022.070.960.00
Net Income Before Taxes199.68183.8156.58-82.63694.81134.33142.67292.37
Income Taxes59.9060.2764.6643.8075.3912.4053.0266.63
Consolidated Net Income139.78123.55-8.08-126.43619.42121.9389.65225.74
Net Income From Continuing Operations121.8099.44-31.32-130.41606.17102.3077.12207.84
Net Income121.8099.44-31.32-130.41606.17102.3078.08207.84
EPS (Recurring)1.741.41-0.42-1.868.671.481.122.94
EPS (Basic, Before Extraordinaries)1.751.43-0.46-1.898.661.461.112.94
EPS (Diluted)1.721.39-0.46-1.898.661.461.112.94
EBITDA549.12519.30525.36348.43528.75453.62393.31433.59
Non-Operating Income (Expense)43.9327.12-115.17-79.64496.1510.3346.27161.10
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio90.845.965.643.837.117.49--
Price To Sales Ratio0.780.720.810.890.780.750.710.54
Gross Margin68.8470.0268.9269.7872.4068.1368.5468.66
Operating Margin25.5725.6526.9913.0929.7123.4922.5524.59
Net Margin9.608.24-2.65-11.7554.749.658.1220.15
Shares Outstanding63.7569.2468.7769.0069.1570.1070.6270.74
Market Capitalization4,814.123,183.943,635.423,764.043,229.493,084.772,836.492,149.26

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2,220.612,045.642,335.903,227.322,337.611,669.001,249.991,807.381,314.02
Short Term Receivables693.88571.90645.25577.06919.85804.00801.99837.711,166.01
Inventories116.9880.9967.0373.01212.96202.00280.00291.90234.00
Other Current Assets80.99128.98111.04104.0181.99175.00167.00146.951,193.02
Total Current Assets3,112.452,827.503,159.223,981.403,552.412,850.002,498.983,083.943,907.05
Net Property, Plant & Equipment3,756.343,015.462,899.122,848.286,715.886,878.997,339.934,930.316,237.08
Total Investments and Advances143.9764.9953.0271.0198.98305.00235.0057.981,955.02
Long-Term Note Receivable30.99--------
Intangible Assets1,548.731,509.731,619.621,960.203,243.464,151.995,687.955,668.066,786.09
Deferred Tax Assets417.93367.93312.12274.03227.96186.00134.00196.93336.00
Other Assets202.96248.96178.075,949.592,079.65179.00163.00159.95263.00
Total Assets9,213.388,034.578,221.1715,084.5115,918.3514,550.9816,058.8614,097.1719,484.25
Short Term Debt Incl. Current Port. of LT Debt1,101.811,665.701,692.652,844.281,241.791,255.002,584.981,288.561,268.02
Accounts Payable1,441.751,275.771,200.461,087.112,030.661,946.001,846.981,431.511,544.02
Income Tax Payable87.98178.97154.06180.02227.96175.00102.0031.9948.00
Other Current Liabilities799.86504.91538.21534.05881.851,034.001,233.991,655.431,775.02
Total Current Liabilities3,431.403,625.363,585.384,645.464,382.274,409.995,767.954,407.494,635.06
Long Term Debt4,042.293,027.463,465.345,336.539,402.438,831.997,758.936,564.7510,362.13
Provision for Risks Charges42.9947.9944.0247.0086.99141.00138.00138.95177.00
Deferred Tax Liabilities40.9927.0026.0136.00114.98127.00141.00179.94376.00
Other Liabilities22.0049.9929.014,252.43426.9328.0033.0027.9944.00
Total Liabilities7,579.676,777.807,149.7614,317.4314,413.6013,537.9813,838.8811,319.1215,594.20
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity1,339.761,098.80858.33569.06585.90163.001,225.993,668.744,331.05
Total Shareholders Equity1,339.761,098.80858.33569.06585.90163.001,225.993,668.744,331.05
Accumulated Minority Interest293.95157.97213.08198.02918.85850.00993.99-890.70-441.01
Total Equity1,633.711,256.781,071.41767.081,504.751,013.002,219.982,778.053,890.05
Total Liabilities & Stockholders Equity9,213.388,034.578,221.1715,084.5115,918.3514,550.9816,058.8614,097.1719,484.25
Book Value Per Share19.4815.5612.228.118.372.3317.5252.4461.90
Tangible Book Value Per Share-3.04-5.82-10.84-19.84-37.98-57.01-63.77-28.58-35.09
Full-Time Employees18,93818,02717,20616,44216,35140,89346,49246,13239,938
Price to Book Ratio3.182.651.301.765.1116.203.611.121.40
Return on Assets6.275.082.654.380.49-2.484.13-2.37-0.57
Return on Equity44.3842.1843.26117.4819.99-54.6925.42-9.93-2.24
Return on Invested Capital10.0510.0028.339.816.73-3.846.92-6.83-3.45
Quick Ratio0.870.760.860.840.760.600.380.630.79
Current Ratio0.910.780.880.860.810.650.430.700.84

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income345.45798.48700.17562.21829.43463.02-81.111,182.92-248.66
Depreciation853.46815.77724.04739.22804.61797.311,723.002,049.331,838.86
Other Funds (Non Cash)275.31-316.34-392.85572.261,078.671,467.89749.73-184.30608.61
Funds from Operations1,474.221,297.911,031.351,873.692,712.702,728.222,391.623,047.952,198.82
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital176.6478.32112.38249.42-68.26-95.8024.73-94.15322.85
Cash from Operating Activities1,650.871,376.231,143.742,123.112,644.452,632.422,416.352,953.802,521.67
Capital Expenditures-1,005.97-965.29-902.06-770.39-1,044.54-856.19-1,658.71-1,685.74-1,953.17
Net Assets From Acquisitions-248.66-159.70-1.990.00-16.55-278.41-0.99-614.000.00
Sale of Fixed Assets and Businesses461.47458.74137.250.0041.370.0035.610.0019.05
Purchase or Sale of Investments-23.3991.50-147.84-14.48-47.90-44.51-9.012,899.67
Purchase of Investments-0.000.00-147.84-14.48-47.90-44.51-9.010.00
Sale Or Maturity of Investments-23.3991.50---0.000.002,899.67
Other Uses-161.75-161.73-98.46-1,344.67-678.43-273.42-178.04-923.500.00
Other Sources41.410.000.0013.070.000.000.00727.181,036.74
Cash from Investing Activities-991.46-804.58-773.76-2,249.83-1,712.63-1,455.91-1,846.63-2,505.072,002.30
Cash Dividends Paid0.000.000.000.000.000.00-256.17-520.85-509.35
Change in Capital Stock35.4527.46-7.960.000.000.000.000.000.00
Repurchase of Common Pref Stock-98.81-106.80-7.960.000.000.000.000.000.00
Sale of Common Pref Stock134.27134.270.000.000.000.000.000.000.00
Proceedsfrom Stock Options134.27134.270.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net--330.58-525.12-909.19484.00103.78267.06-368.60-3,323.79
Net Financing Active Other Cash Flow-120.100.00-14.92-242.38-364.04-567.80-111.77-138.22-93.25
Other Financing Activities Uses-120.100.00-14.92-242.38-364.04-567.80-111.77-138.22-93.25
Cash from Financing Activities235.67-557.41-548.00-1,151.57119.97-464.02-100.89-1,027.67-3,926.39
Exchange Rate Effect23.2230.52-20.89-80.46-119.97-22.95-50.44-9.01-119.32
Net Change in Cash918.3044.76-198.91-1,358.75931.81689.54418.39-587.95478.27
Free Cash Flow879.67630.64520.151,589.071,988.771,934.90757.641,268.06568.50
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow4.215.985.580.880.431.565.275.9269.18
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q1
Cash & Short Term Investments2,688.442,182.982,220.612,027.801,786.322,131.11
Short Term Receivables757.84692.99693.88597.94557.10569.03
Inventories31.9929.00116.9824.0017.0016.00
Other Current Assets225.95215.0080.99232.98211.04258.01
Total Current Assets3,704.233,119.973,112.452,882.712,571.462,974.15
Net Property, Plant & Equipment3,927.183,823.963,756.343,565.643,446.613,109.16
Total Investments and Advances83.98108.00143.97228.98218.0462.00
Intangible Assets1,883.611,893.981,548.731,534.851,553.281,477.07
Deferred Tax Assets445.91439.00417.93422.96422.08394.02
Other Assets168.96175.00202.96176.98253.05230.01
Total Assets10,266.869,601.909,213.388,812.128,464.518,246.41
Short Term Debt Incl. Current Port. of LT Debt1,435.701,418.991,101.811,110.891,061.191,696.08
Accounts Payable1,715.641,494.991,441.751,255.871,334.241,345.07
Income Tax Payable94.98100.0087.98104.99104.02169.01
Other Current Liabilities581.88610.99799.86565.94493.09526.03
Total Current Liabilities3,828.203,624.963,431.403,037.702,992.533,736.19
Long Term Debt4,416.084,003.964,042.294,031.603,852.693,007.15
Provision for Risks Charges42.9941.0042.9945.0043.0151.00
Deferred Tax Liabilities42.9948.0040.9929.0026.0016.00
Other Liabilities16.0021.0022.0022.0054.0148.00
Total Liabilities8,346.267,738.927,579.677,165.286,968.246,858.34
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity1,512.691,467.991,339.761,381.861,306.231,207.06
Total Shareholders Equity1,512.691,467.991,339.761,381.861,306.231,207.06
Accumulated Minority Interest407.92395.00293.95264.97190.03181.01
Total Equity1,920.601,862.981,633.711,646.841,496.271,388.07
Total Liabilities & Stockholders Equity10,266.869,601.909,213.388,812.128,464.518,246.41
Book Value Per Share23.7321.2019.4820.0318.8917.22
Tangible Book Value Per Share-5.82-6.15-3.04-2.22-3.57-3.85
Full-Time Employees--18,938---
Price to Book Ratio3.182.382.212.882.682.88
Return on Assets0.646.096.348.0312.585.88
Return on Equity4.2240.6644.8453.4289.6243.22
Return on Invested Capital2.051.82-0.58-2.4111.752.43
Quick Ratio0.960.850.870.940.850.79
Current Ratio0.970.860.910.950.860.80

Cash flow, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q1
Net Income199.49183.8156.01-93.87706.34130.00
Depreciation224.42209.93215.87203.24207.81198.00
Other Funds (Non Cash)-67.00-15.0786.99270.39-668.87-14.00
Funds from Operations356.92378.68358.87379.76245.28314.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital106.0219.08108.88-57.33-87.22114.00
Cash from Operating Activities462.93397.76467.75322.43158.06428.00
Capital Expenditures-212.21-265.17-432.63-95.95-227.71-209.00
Net Assets From Acquisitions-68.45-165.73-5.91-8.56-145.230.00
Sale of Fixed Assets and Businesses60.20235.04458.74-292.51191.51101.00
Purchase or Sale of Investments-46.040.00-1.05-7.4931.930.00
Purchase of Investments-46.040.00---0.00
Sale Or Maturity of Investments-0.00-1.05-7.4931.930.00
Other Uses-44.95-25.11-99.607.9131.96-102.00
Other Sources-47.2765.2923.390.000.000.00
Cash from Investing Activities-358.72-155.69-314.69-162.36-117.53-210.00
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-33.93-28.12-106.98204.48-46.04-24.00
Repurchase of Common Pref Stock-33.93-28.12-106.8070.04-46.04-24.00
Sale of Common Pref Stock0.000.00-0.17134.440.000.00
Proceedsfrom Stock Options0.000.00134.270.000.000.00
Issuance or Reduction of Debt, Net443.41-15.07173.57112.81-494.96-122.00
Net Financing Active Other Cash Flow0.44-120.530.000.000.000.00
Other Financing Activities Uses0.44-120.530.000.000.000.00
Cash from Financing Activities334.09-228.01-94.00223.59-540.99-146.00
Exchange Rate Effect3.995.0210.164.05-2.945.00
Net Change in Cash442.2919.0870.24386.69-503.4177.00
Free Cash Flow302.65164.73254.83157.46-36.65255.00
Price to Free Cash Flow4.216.125.736.245.214.20

Revenue breakdown

Digital Financial Services2024: 315.00M 2025: 425.00M
Other Digital2024: 151.00M 2025: 337.00M
Telecommunication and Infrastructure2024: 3.54B 2025: 3.64B
United Arab Emirates2024: 4.00B 2025: 4.40B
Bangladesh2024: 520.00M 2025: 460.00M
Kazakhstan2024: 854.00M 2025: 816.00M
Other Frontier Markets2024: 50.00M 2025: 27.00M
Pakistan2024: 1.38B 2025: 1.62B
Ukraine2024: 925.00M 2025: 1.16B
Uzbekistan2024: 273.00M 2025: 308.00M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.41%0.3M63.8M161.25K
2026-10-150.32%0.2M63.8M138.35K
2026-09-300.34%0.2M63.8M121.40K
2026-09-150.37%0.2M63.8M99.37K
2026-08-310.33%0.2M63.8M85.23K
2026-08-140.32%0.2M63.8M83.52K
2026-07-310.28%0.2M69.2M93.57K
2026-07-150.29%0.2M69.2M94.85K
2026-06-300.30%0.2M69.2M92.35K
2026-06-150.25%0.2M69.2M98.83K
2026-05-290.27%0.2M69.2M115.34K
2026-05-150.23%0.2M69.2M113.28K
2026-04-300.25%0.2M68.8M102.17K
2026-04-150.26%0.2M68.8M101.47K
2026-03-310.27%0.2M68.8M100.37K
2026-03-130.24%0.2M68.8M93.66K
2026-02-270.24%0.2M69.0M74.61K
2026-02-130.29%0.2M69.2M85.32K
2026-01-300.31%0.2M69.0M93.24K
2026-01-150.36%0.2M69.0M97.55K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call35.0039.8042.900.003.6680.000.000.951-0.2570.012
call40.0034.8037.900.003.0570.000.000.942-0.2510.014
call45.0030.5032.700.002.5450.000.000.932-0.2430.016
call50.0025.0027.800.002.0950.000.000.919-0.2320.018
call55.0019.8023.0028.721.8491.000.000.903-0.2200.021
call60.0015.1017.9015.971.4133.000.000.872-0.2270.025
call65.0010.2013.2011.391.1961.000.000.838-0.2060.029
call70.005.708.706.300.9661710.000.710-0.3180.041
call75.001.854.902.500.8631,2080.000.583-0.2780.047
call80.000.002.701.800.8391500.000.410-0.2330.047
call85.000.001.302.160.8205060.000.239-0.1730.037
call90.000.000.600.100.8551113.000.125-0.1190.025
call95.000.000.750.351.0355250.000.108-0.1300.022
call1000.000.950.001.2150.000.000.095-0.1380.020
call1050.000.950.001.3660.000.000.087-0.1450.019
put35.000.001.950.003.6720.000.00-0.050-0.2510.012
put40.000.001.350.003.1480.000.00-0.058-0.2460.014
put45.000.001.350.002.6710.000.00-0.069-0.2370.016
put50.000.001.350.002.2410.000.00-0.082-0.2260.018
put55.000.001.150.001.7610.000.00-0.103-0.2050.021
put60.000.001.350.001.5680.000.00-0.129-0.2210.025
put65.000.001.350.001.2090.000.00-0.162-0.1980.029
put70.000.053.403.001.3701.000.00-0.291-0.3090.041
put75.001.604.702.051.1758.000.00-0.412-0.2710.046
put80.004.006.501.750.98724.000.00-0.586-0.2250.047
put85.007.8010.103.851.03222.000.00-0.760-0.1630.037
put90.0012.5015.3015.201.3330.000.00-0.873-0.1080.025
put95.0017.4020.2013.001.5310.000.00-0.892-0.1190.022
put10022.2024.900.001.6720.000.00-0.904-0.1270.020
put10527.3030.300.001.9580.000.00-0.913-0.1340.019

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-06SEC
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-06SEC
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-06SEC
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-06SEC
2026-10-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-20SEC
2026-10-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-19SEC
2026-10-16SCHEDULE 13GSEC
2026-10-16SCHEDULE 13D/ASEC
2026-09-25SCHEDULE 13D/ASEC
2026-09-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-23SEC
2026-08-10SCHEDULE 13G/ASEC
2026-08-104Statement of changes in beneficial ownership of securities2026-08-06SEC
2026-07-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-064Statement of changes in beneficial ownership of securities2026-06-07SEC
2026-06-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-17SEC
2026-06-026-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-02SEC
2026-06-023Initial statement of beneficial ownership of securities2026-05-29SEC
2026-06-023Initial statement of beneficial ownership of securities2026-05-29SEC
2026-06-013Initial statement of beneficial ownership of securities2026-05-29SEC
2026-06-013Initial statement of beneficial ownership of securities2026-05-29SEC
2026-06-013Initial statement of beneficial ownership of securities2026-05-29SEC
2026-06-013Initial statement of beneficial ownership of securities2026-05-29SEC
2026-06-013Initial statement of beneficial ownership of securities2026-05-29SEC
2026-06-013Initial statement of beneficial ownership of securities2026-05-29SEC
2026-06-013Initial statement of beneficial ownership of securities2026-05-29SEC
2026-05-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-20SEC
2026-05-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-19SEC
2026-05-186-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-18SEC
2026-05-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-081.12M200
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
Lingotto Investment Management LLP8.26%
SHAH CAPITAL MANAGEMENT7.29%
Solus Alternative Asset Management LP1.28%
WELLINGTON MANAGEMENT GROUP LLP1.13%
MORGAN STANLEY1.08%
Panview Capital Ltd0.91%
VR Advisory Services Ltd0.87%
Pictet Asset Management Holding SA0.41%
MACKENZIE FINANCIAL CORP0.31%
TWO SIGMA INVESTMENTS, LP0.28%

Funds

Fund% owned
Global Macro Capital Opportunities Portfolio0.69%
The Hartford International Value Fund0.46%
Global Opportunities Portfolio0.08%
VANGUARD EMERGING MARKETS SELECT STOCK FUND0.08%
The Gabelli Small Cap Growth Fund0.06%
International Value Portfolio0.05%
Nomura Emerging Markets Fund0.04%
Tax-Managed International Equity Fund0.04%
Fidelity Nasdaq Composite Index Fund0.04%
Calvert Emerging Markets Advancement Fund0.03%

OakChart. VEON. Cached 15 minutes.