v3.26.1
CONDENSED SEPARATE FINANCIAL INFORMATION OF VEON LTD (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed statement of financial position
Condensed statement of financial position:
As of December 31
202520242023
Non-current assets
Intangible assets1 1 3 
Tangible fixed assets— 1 2 
Financial fixed assets1,804 1,461 1,157 
Total non-current assets1,805 1,463 1,162 
Total current assets148 143 116 
Total assets1,953 1,606 1,278 
Equity1,340 1,099 865 
Total liabilities613 507 413 
Total equity and liabilities1,953 1,606 1,278 
Condensed income statement
Condensed income statement:
for the years ended December 31
  202520242023
Selling, general and administrative expenses(77)(83)(134)
Other operating gains— — — 
Recharged expenses to group companies1 19 23 
Operating (loss)(76)(64)(111)
Finance costs(18)(11)(6)
Share in result of subsidiaries after tax627 492 (2,410)
Income tax(1)(2)(1)
Total non-operating income and expenses608 479 (2,417)
Profit / (loss) for the year532 415 (2,528)
Condensed statements of comprehensive income
Condensed statements of comprehensive income:
for the years ended December 31
202520242023
Total comprehensive (loss) / profit for the year, net of tax— — — 
Condensed statement of cash flows
Condensed statement of cash flows:
for the years ended December 31
202520242023
Net cash flows from operating activities(41)(80)(104)
Investing activities
Receipt of capital surplus from a subsidiary— — — 
Other cash flows from investing activities(3)4 2 
Net cash flows used in investing activities(3)4 2 
Financing activities
Proceeds from borrowings net of fees paid59 88 100 
Repayment of borrowings(13)(16)— 
Net cash flows generated from financing activities46 72 100 
Net increase / (decrease) in cash and cash equivalents2 (4)(2)
Cash and cash equivalents at beginning of period— 4 6 
Cash and cash equivalents at end of period2 — 4