VEON Ltd. Raises 2026 Guidance and Announces Capital Return Actions Following Strong Q2 and H1 2026 Results

VEON Ltd. (Nasdaq: VEON) reported a 17.0% year-over-year increase in total revenue to USD 1,271 million for the second quarter of 2026, with EBITDA growing 6.2% to USD 552 million. The company has raised its 2026 revenue growth outlook to 15%-18% (previously 11%-14%) and its EBITDA growth outlook to 9%-12% (previously 7%-10%). Additionally, VEON announced its intention to cancel a minimum of USD 100 million of repurchased shares and ADSs annually, having already repurchased USD 82.5 million under its current USD 100 million program. Diluted EPS per ADS declined to USD 1.69, primarily due to a USD 21.2 million fair value loss on Kyivstar Group Ltd warrants in Q2 2026, contrasting with a USD 489 million gain from a Pakistan tower sale in the prior year.