VEON Ltd. Files 6-K Report

TL;DR

VEON Ltd. (formerly VimpelCom) filed its Q2 2025 6-K, check financials.

AI Summary

VEON Ltd. filed a 6-K report as of June 30, 2025. The filing includes financial data and information related to its operations. The company, formerly known as VimpelCom Ltd., is headquartered in Dubai, UAE.

Why It Matters

This filing provides an update on VEON's financial and operational status for the period ending June 30, 2025, which is crucial for investors to assess the company's performance.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) and does not contain significant new disclosures that would immediately alter risk perception.

Key Players & Entities

• VEON Ltd. (company) — Filer
• VimpelCom Ltd. (company) — Former company name
• New Spring Co Ltd. (company) — Former company name
• Dubai (DIFC) (location) — Business and mail address

FAQ

Filing Documents

• vvip-20250630.htm (6-K) — 4357KB
• vvip-20250630_g1.jpg (GRAPHIC) — 29KB
• 0001468091-25-000085.txt ( ) — 15220KB
• vvip-20250630.xsd (EX-101.SCH) — 84KB
• vvip-20250630_cal.xml (EX-101.CAL) — 103KB
• vvip-20250630_def.xml (EX-101.DEF) — 463KB
• vvip-20250630_lab.xml (EX-101.LAB) — 726KB
• vvip-20250630_pre.xml (EX-101.PRE) — 621KB
• vvip-20250630_htm.xml (XML) — 3145KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. VEON LTD. (Registrant) Date: August 22, 2025 By: /s/ Vitaly Shmakov Name: Vitaly Shmakov Title: Acting Group General Counsel

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis is based on, and should be read in conjunction with, our unaudited interim condensed consolidated financial statements as of and for the six-month period ended June 30, 2025 and 2024 , and the related notes, attached hereto. References to "VEON" as well as references to "our company," "the company," "our group," "the group," "we," "us," "our" and similar pronouns, are references to VEON Ltd. an exempted company limited by shares registered in Bermuda, and its consolidated subsidiaries. References to VEON Ltd. are to VEON Ltd. alone. The unaudited interim condensed consolidated financial statements as of June 30, 2025 and for the six-month period ended June 30, 2025 and 2024 attached hereto have been prepared in accordance with International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB") and are presented in U.S. dollars. VEON Ltd. adopted IFRS as of January 1, 2009. The discussion of our business and the telecommunications industry included herein contains references to certain terms specific to our business, including numerous technical and industry terms. Such terms are defined in Exhibit 99.1 to our Annual Report on Form 20-F for the year ended December 31, 2024 (our "2024 Annual Report"). For a comprehensive discussion of our critical accounting estimates and assumptions, please refer to Note 26- Significant Accounting Policies to our audited consolidated financial statements included in our 2024 Annual Report. Certain amounts and percentages that appear in this document have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, including in tables, may not be exact arithmetic aggregations of the figures that precede or follow them. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This document contains estimates and forw

forward-looking statements

forward-looking statements. Our estimates and forward-looking statements may be influenced by various factors, including without limitation: the ongoing war in Ukraine, including: the adverse impact on the economic conditions and outlook of Ukraine; the effect of sanctions on our supply chain, ability to transact with key counterparties, and obtain financing; the resulting volatility in the Ukrainian hryvnia and other local currencies; our ability to operate and maintain our infrastructure; reputational harm we may suffer from as a result of the war; and its impact on our liquidity, financial condition, our strategic partnerships and relationships with third parties and our ability to operate as a going concern, among numerous other consequences; developments in the international economic conditions (including inflationary pressures and rising interest rates) and the geopolitical environment; our ability to generate sufficient cash flow and raise additional capital to meet our debt service obligations, our expectations regarding working capital, and the servicing and repayment of our indebtedness and our ability to satisfy our projected capital requirements; our ability to develop new revenue streams and achieve portfolio and asset optimizations, improve customer experience and optimize our capital structure; our goals regarding value, experience and service for our customers, as well as our ability to retain and attract customers and to maintain and expand our market share positions; our ability to keep pace with technological changes to implement and execute our strategic priorities successfully and to achieve the expected benefits from, our existing and future transactions; adverse global developments, including wars, terrorist attacks, natural disasters, and pandemics; environmental factors, including climate-related disasters such as floods, or the implementation of climate-related laws and regulations that could impact our business and its

financial statements attached hereto for further details

financial statements attached hereto for further details. For more information on our reportable segments, refer to Note 2 - Segment Information in the unaudited interim condensed consolidated financial statements attached hereto for further details. KEY DEVELOPMENTS DURING THE FIRST HALF OF 2025 VEON sale of its Pakistan tower portfolio to Engro Corp On December 5, 2024, VEON announced that it is entering into a strategic partnership with Engro Corporation Limited ( "Engro Corp" ) with respect to the pooling and management of its infrastructure assets, starting in Pakistan. Under the partnership, VEON's infrastructure assets under Deodar (Private) Limited ( "Deodar" ), a wholly owned subsidiary of VEON, will vest into Engro Corp via a scheme of arrangement upon completion of conditions under the partnership which primarily include receipt of regulatory approvals from relevant Government authorities in Pakistan. VEON will continue to lease Deodar's extensive infrastructure for the provision of nationwide mobile voice and data services under a long-term partnership agreement. On June 3, 2025, upon successful completion of the transaction after all regulatory and other approvals were obtained, control over Deodar was assessed to be transferred to Engro Corp. Refer to Note 5 - Significant transactions of these interim condensed consolidated financial statements for further details. Appointment of new Chief Financial Officer and equity award On January 9, 2025, VEON announced the appointment of Burak Ozer as Group Chief Financial Officer ( "Group CFO" ), effective January 9, 2025. Burak succeeded Joop Brakenhoff, who continues to serve VEON as an Advisor to the Group CEO. On April 2, 2025, a service based one-off equity award of 250,000 shares was granted to Burak Ozer under the 2021 Deferred Share Plan. 50% of the award will vest on March 31, 2026, and the remaining 50% will vest on March 31, 2027. Business combination agreement with Cohen Circle to

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