VEON's Kyivstar Preliminary 2025 Revenue and Adjusted EBITDA Up 24%–26% YoY; Outlook Raised Above Prior 2025 Guidance

Benzinga01-28

VEON Ltd. (NASDAQ:VEON) ("VEON") notes that Kyivstar Group Ltd. (NASDAQ:KYIV, KYIVW))) ( "Kyivstar" or "the Group"), Ukraine's leading digital operator, has announced the Group's preliminary estimates of selected unaudited financial information for the year ended December 31, 2025 compared to the Group's actual financial results for the year ended December 31, 2024.

Based on information currently available to management, and subject to uncertainties, for the year ended December 31, 2025, the Group estimates that:

Revenue growth, measured in U.S. dollars, will fall within the low and high range of 24% and 26% on a year-on-year basis as compared to December 31, 2024.
Adjusted EBITDA growth, measured in U.S. dollars, will fall within the low and high range of 24% and 26% on a year-on-year basis as compared to December 31, 2024.
Capex Intensity for the year ended December 31, 2025 will fall within the low and high range of 29%and 31%.

Building on Kyivstar Group's preliminary FY25 estimates, which exceed the 2025 Outlook provided with the Group's 3Q25 results on November 10, 2025, and supported by continued strong execution across VEON's other operating companies, VEON management expects this positive momentum to carry through at the VEON Group level. Accordingly, VEON now anticipates delivering results above the 2025 Outlook previously communicated with its own 3Q25 disclosure on November 10, 2025.

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(NASDAQ:VEON) (\"VEON\") notes that <a href=\"https://laohu8.com/S/KYIV\">Kyivstar Group Ltd</a>. (NASDAQ:KYIV, KYIVW))) ( \"Kyivstar\" or \"the Group\"), Ukraine's leading digital operator, has announced the Group's preliminary estimates of selected unaudited financial information for the year ended December 31, 2025 compared to the Group's actual financial results for the year ended December 31, 2024.</p><p>Based on information currently available to management, and subject to uncertainties, for the year ended December 31, 2025, the Group estimates that:</p><ul><li>Revenue growth, measured in U.S. dollars, will fall within the low and high range of 24% and 26% on a year-on-year basis as compared to December 31, 2024.</li><li>Adjusted EBITDA growth, measured in U.S. dollars, will fall within the low and high range of 24% and 26% on a year-on-year basis as compared to December 31, 2024.</li><li>Capex Intensity for the year ended December 31, 2025 will fall within the low and high range of 29%and 31%.</li></ul><p>Building on Kyivstar Group's preliminary FY25 estimates, which exceed the 2025 Outlook provided with the Group's 3Q25 results on November 10, 2025, and supported by continued strong execution across VEON's other operating companies, VEON management expects this positive momentum to carry through at the VEON Group level. 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