VEON Ltd. (VEON) quarterly balance sheet — complete assets, liabilities & equity history
VEON Ltd. (VEON) balance sheet — 19-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Assets | 10.27B | 9.6B | 9.21B | 8.81B | 8.46B | 8.25B | 8.04B | 7.5B | 7.33B | 7.27B | 8.22B | 12.58B | 13.01B | 14.23B | 15.08B | 15.85B | 17.69B | 14.52B | 15.92B | 15.02B |
| Asset Growth % | 21.34% | 16.44% | 14.65% | 17.56% | 15.47% | 13.46% | -2.21% | -40.43% | -43.67% | -48.91% | -45.51% | -20.61% | -26.47% | -2.03% | -5.26% | 5.52% | 19.93% | 1.51% | 9.42% | 14.58% |
| PP&E (Net) | 3.93B | 3.82B | 3.76B | 3.57B | 3.45B | 3.11B | 3.02B | 2.9B | 2.87B | 2.93B | 2.9B | 2.72B | 2.73B | 2.66B | 2.85B | 7.36B | 8.33B | 6.38B | 6.72B | 6.45B |
| PP&E / Total Assets % | 38.25% | 39.83% | 40.77% | 40.46% | 40.72% | 37.7% | 37.53% | 38.67% | 39.13% | 40.37% | 35.26% | 21.61% | 20.95% | 18.68% | 18.88% | 46.46% | 47.07% | 43.9% | 42.19% | 42.91% |
| Total Current Assets | 3.71B | 3.12B | 3.11B | 2.88B | 2.65B | 2.97B | 2.9B | 2.46B | 2.39B | 2.13B | 3.16B | 3.12B | 8.12B | 3.89B | 3.98B | 4.73B | 5.7B | 3.22B | 5.42B | 4.99B |
| Cash & Equivalents | 2.19B | 1.75B | 1.73B | 1.66B | 1.28B | 1.77B | 1.69B | 1.02B | 862M | 832M | 1.9B | 2.25B | 2.46B | 3.04B | 3.11B | 3.29B | 2.34B | 1.98B | 2.25B | 1.5B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 32M | 29M | 31.99M | 24M | 0 | 16M | 15M | 24M | 22M | 24M | 23M | 22M | 19M | 19M | 73M | 133M | 115M | 91M | 111M | 112M |
| Other Current Assets | 279M | 215M | 704.88M | 232.98M | 343M | 258M | 152M | 291M | 384M | 230M | 60M | 191M | 4.99B | 201M | 54M | 365M | 2.25B | 312M | 2.02B | 2.64B |
| Long-Term Investments | 84M | 150M | 143.97M | 228.98M | 218M | 62M | 65M | 76M | 62M | 85M | 53M | 63M | 63M | 69M | 71M | 117M | 125M | 90M | 99M | 57M |
| Goodwill | 0 | 0 | 0 | 384.96M | 382M | 341M | 338M | 343M | 345M | 353M | 349M | 341M | 349M | 353M | 394M | 1.15B | 1.25B | 952M | 1.54B | 2.68B |
| Intangible Assets | 1.88B | 1.89B | 1.55B | 1.15B | 1.17B | 1.14B | 1.17B | 1.14B | 1.17B | 1.23B | 1.27B | 1.27B | 1.31B | 1.36B | 1.57B | 1.98B | 1.83B | 1.57B | 1.7B | 467M |
| Other Assets | 222M | 175M | 233.96M | 176.98M | 601M | 623M | 177M | 239M | 147M | 216M | 178M | 4.76B | 146M | 5.62B | 5.95B | 179M | 225M | 2.09B | 216M | 200M |
| Total Liabilities | 8.35B | 7.74B | 7.58B | 7.17B | 6.97B | 6.86B | 6.78B | 6.22B | 6.2B | 6.13B | 7.15B | 11.31B | 12.02B | 13.31B | 14.32B | 15.17B | 16.13B | 13.37B | 14.42B | 13.74B |
| Total Debt | 5.85B | 5.42B | 5.14B | 5.14B | 4.91B | 4.7B | 4.69B | 4.33B | 4.34B | 4.17B | 5.16B | 4.85B | 5.66B | 6.31B | 8.18B | 12.11B | 12.58B | 10.03B | 10.65B | 9.94B |
| Net Debt | 3.66B | 3.67B | 3.41B | 3.48B | 3.63B | 2.93B | 3B | 3.31B | 3.48B | 3.34B | 3.25B | 2.6B | 3.2B | 3.27B | 5.07B | 8.81B | 10.24B | 8.05B | 8.39B | 8.44B |
| Long-Term Debt | 4.42B | 4B | 4.04B | 4.03B | 3.85B | 3.01B | 3.03B | 2.98B | 2.99B | 3.53B | 3.46B | 3.24B | 3.79B | 4.17B | 5.34B | 8.96B | 9.44B | 8.28B | 9.4B | 8.62B |
| Short-Term Borrowings | 1.44B | 1.42B | 1.1B | 1.11B | 1.06B | 1.7B | 1.67B | 1.35B | 1.35B | 643M | 1.69B | 1.6B | 1.87B | 2.14B | 2.84B | 3.15B | 3.14B | 1.75B | 1.24B | 1.32B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 3.83B | 3.62B | 3.43B | 3.04B | 2.99B | 3.74B | 3.63B | 3.1B | 3.07B | 2.48B | 3.58B | 3.2B | 3.52B | 4.87B | 4.64B | 6.04B | 6.14B | 4.58B | 4.38B | 4.27B |
| Accounts Payable | 1.72B | 1.49B | 1.44B | 1.26B | 1.33B | 1.35B | 1.28B | 1.14B | 1.06B | 1.16B | 1.2B | 951M | 1B | 968M | 1.09B | 1.79B | 1.87B | 1.78B | 2.03B | 1.85B |
| Accrued Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 80M | 0 | 0 | 0 | 84M | 0 | 0 | 0 | 82M | 0 | 0 | 0 | 153M | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 129M | 0 | 0 | 0 | 144M | 0 | 0 | 0 | 159M | 0 | 0 | 0 | 212M | 0 |
| Other Current Liabilities | 582M | 610.99M | 799.86M | 565.94M | 493.09M | 526.03M | 296M | 467M | 496M | 519M | 310M | 491M | 486M | 1.61B | 293M | 922M | 902M | 822M | 517M | 890M |
| Deferred Taxes | 43M | 48M | 40.99M | 29M | 26M | 16M | 27M | 38M | 19M | 25M | 26M | 25M | 20M | 35M | 36M | 37M | 22M | 30M | 115M | 174M |
| Other Liabilities | 59M | 62M | 64.99M | 66.99M | 97.02M | 99M | 90M | 99M | 126M | 98M | 60M | 4.85B | 4.7B | 4.24B | 4.29B | 139M | 534M | 491M | 494M | 683M |
| Total Equity | 1.92B | 1.86B | 1.63B | 1.65B | 1.5B | 1.39B | 1.26B | 1.27B | 1.13B | 1.14B | 1.07B | 1.27B | 988M | 918M | 767M | 678M | 1.56B | 1.15B | 1.5B | 1.28B |
| Equity Growth % | 28.41% | 34.22% | 29.97% | 29.26% | 32.98% | 21.75% | 17.37% | 0.24% | 13.87% | 24.18% | 39.63% | 87.46% | -36.79% | -20.17% | -49.04% | -46.91% | 27.49% | 0.26% | 48.57% | 53.49% |
| Shareholders Equity | 1.51B | 1.47B | 1.34B | 1.38B | 1.31B | 1.21B | 1.1B | 1.07B | 911M | 903M | 858M | 1.07B | 782M | 701M | 569M | 489M | 591M | 227M | 586M | 379M |
| Minority Interest | 408M | 395M | 293.95M | 264.97M | 190M | 181M | 158M | 203M | 214M | 237M | 213M | 205M | 206M | 217M | 198M | 189M | 972M | 923M | 919M | 898M |
| Common Stock | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M |
| Additional Paid-in Capital | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B | 12.75B |
| Retained Earnings | -2.78B | -2.9B | -3B | -2.97B | -2.84B | -3.43B | -3.53B | -3.61B | -3.82B | -3.88B | -3.94B | -374M | -819M | -1.07B | -1.41B | -1.64B | -1.13B | -1.22B | -1.25B | -1.55B |
| Accumulated OCI | -8.46B | -8.39B | -8.42B | -8.41B | -8.61B | -8.12B | -8.13B | -8.07B | -8.03B | -7.97B | -7.96B | -11.31B | -11.15B | -10.98B | -10.78B | -10.62B | -11.04B | -11.31B | -10.92B | -10.83B |
| Return on Assets (ROA) | 1.23% | 1.06% | -0.35% | -1.52% | 7.12% | 1.22% | 1.04% | 2.82% | 0.93% | 0.74% | -34.31% | 3.5% | 1.84% | 2.34% | 3.59% | -3.05% | 0.84% | -0.93% | 1.93% | 0.97% |
| Return on Equity (ROE) | 6.45% | 5.69% | -1.91% | -8.34% | 41.26% | 7.49% | 6.4% | 17.42% | 6% | 5.16% | -304.78% | 39.66% | 26.23% | 40.71% | 76.82% | -45.69% | 10.03% | -10.62% | 21.5% | 11.59% |
| Debt / Equity | 3.05x | 2.91x | 3.15x | 3.12x | 3.28x | 3.39x | 3.73x | 3.40x | 3.86x | 3.66x | 4.81x | 3.81x | 5.73x | 6.87x | 10.66x | 17.85x | 8.05x | 8.72x | 7.07x | 7.78x |
| Debt / Assets | 57% | 56.48% | 55.83% | 58.36% | 58.05% | 57.03% | 58.41% | 57.8% | 59.2% | 57.36% | 62.74% | 38.51% | 43.5% | 44.33% | 54.23% | 76.37% | 71.1% | 69.06% | 66.87% | 66.14% |
| Net Debt / EBITDA | 6.63x | 7.07x | 6.50x | 13.18x | 3.57x | 6.70x | 7.28x | 5.69x | 7.59x | 8.67x | 9.24x | 5.82x | 7.52x | 8.46x | 7.68x | 16.78x | 24.33x | 18.95x | 9.12x | 9.53x |
| Book Value per Share | 27.09 | 26.09 | 30.91 | 23.95 | 21.34 | 19.8 | 17.8 | 18.01 | 15.92 | 16.23 | 14.49 | 18.1 | 14.09 | 13.09 | 10.94 | 9.68 | 22.99 | 16.44 | 22.3 | 19.82 |