v3.26.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Total
Issued capital
Capital Surplus
Other capital reserves
Accumulated deficit
Foreign currency translation reserve
Non-controlling interests
Number of shares outstanding at beginning of period (in shares) at Dec. 31, 2022     1,753,356,676          
Equity at beginning of period at Dec. 31, 2022 $ 767 $ 569 $ 2 $ 12,753 $ (1,967) $ (1,411) [1] $ (8,808) $ 198
(Loss) / profit for the period (2,450) (2,528)       (2,528) [1]   78
Transfer from OCI to income statement on disposal of subsidiary 3,414 3,414         3,414  
Other comprehensive income (loss) (617) (615)     (16) (3) [1] (596) (2)
Total comprehensive income / (loss) 347 271     (16) (2,531) [1] 2,818 76
Dividends declared (45)             (45)
Disposal of subsidiaries with non-controlling interests (16)             (16)
Other (in shares)     2,608,109          
Other 18 18     15 3 [1]    
Number of shares outstanding at end of period (in shares) at Dec. 31, 2023     1,755,964,785          
Equity at end of period at Dec. 31, 2023 1,071 858 $ 2 12,753 (1,968) (3,939) [1],[2] (5,990) 213
(Loss) / profit for the period 487 415       415 [2]   72
Transfer from OCI to income statement on disposal of subsidiary (36) (36)         (36)  
Other comprehensive income (loss) (172) (158)     (9) (2) [2] (147) (14)
Total comprehensive income / (loss) 279 221     (9) 413 [2] (183) 58
Dividends declared (83)             (83)
Disposal of subsidiaries with non-controlling interests (22)             (22)
Other (in shares)     9,519,274          
Other 12 20     24 (4) [2]   (8)
Number of shares outstanding at end of period (in shares) at Dec. 31, 2024     1,765,484,059          
Equity at end of period at Dec. 31, 2024 1,257 1,099 $ 2 12,753 (1,953) (3,530) [2] (6,173) 158
(Loss) / profit for the period 591 532       532 [2]   59
Transfer from OCI to income statement on disposal of subsidiary (355) (355)         (355)  
Other comprehensive income (loss) 15 12     8 0 [2] 4 3
Total comprehensive income / (loss) 251 189     8 532 [2] (351) 62
Dividends declared (67)             (67)
Share repurchases (in shares)     (54,819,575)          
Share repurchases (105) (105)     (105)      
Listing of subsidiary via de-SPAC transaction 268 127     (88)   215 141
Other (in shares)     8,522,250          
Other 30 30     30      
Number of shares outstanding at end of period (in shares) at Dec. 31, 2025     1,719,186,734          
Equity at end of period at Dec. 31, 2025 $ 1,634 $ 1,340 $ 2 $ 12,753 $ (2,108) $ (2,998) [2] $ (6,309) $ 294
[1]
* Certain of the consolidated entities of VEON Ltd. are restricted from remitting funds in the form of cash dividends or loans by a variety of regulations, contractual or local statutory requirements, refer to Note 28Condensed separate financial information of VEON Ltd. of these consolidated financial statements for further details.
[2]
* Certain of the consolidated entities of VEON Ltd. are restricted from remitting funds in the form of cash dividends or loans by a variety of regulations, contractual or local statutory requirements, refer to Note 28Condensed separate financial information of VEON Ltd. of these consolidated financial statements for further details.