VEON Files its 2025 Annual Report on Form 20-F

Rhea-AI Summary

VEON (Nasdaq: VEON) filed its Annual Report on Form 20-F for the year ended December 31, 2025, with the U.S. SEC on March 16, 2026.

The filing follows completion of the 2025 audited financial statements by independent auditor UHY LLP under PCAOB standards and is available on VEON's website; shareholders can request a free hard copy.

Key Figures

Reporting period end: December 31, 2025

1 metrics

Reporting period end December 31, 2025 Year ended for the 2025 Form 20-F annual report

Market Reality Check

Price: $50.60 Vol: Volume 687,494 vs 20-day ...

high vol

$50.60 Last Close

Volume Volume 687,494 vs 20-day average 125,167 (relative volume 5.49x), indicating unusually heavy trading ahead of/around this filing. high

Technical Price $50.60 is trading slightly below the 200-day MA of $51.80 and about 20.94% below the 52-week high.

Peers on Argus

VEON is up 14.2% while key telecom peers listed (LBTYA, LBTYB, LBTYK, PHI, TDS) ...

VEON is up 14.2% while key telecom peers listed (LBTYA, LBTYB, LBTYK, PHI, TDS) show negative moves between about -0.23% and -3.03%, suggesting today’s strength is stock-specific rather than sector-driven.

Historical Context

5 past events · Latest: Mar 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 10	Spectrum auction update	Positive	+0.0%	Pakistan spectrum reform with Jazz securing largest 190 MHz allocation.
Mar 06	Insurance acquisition	Positive	+1.5%	Agreement to acquire controlling stake in TPL Insurance in Pakistan.
Mar 04	AI platform participation	Positive	+3.1%	VEON becomes first mobile operator to join ModelChorus platform.
Mar 04	Open RAN, AI MoU	Positive	+3.1%	MoU with Rakuten Symphony on Open RAN and AI-driven network tools.
Mar 04	Innovation partnership	Positive	+3.1%	MoU with GSMA Innovation Fund to back startups in Pakistan, Bangladesh.

Pattern Detected

Recent corporate and strategic news has generally seen positive price alignment, with only one neutral reaction among five events.

Recent Company History

Over the last several months, VEON issued multiple strategic updates. Pakistan’s spectrum auction nearly tripled available spectrum, with Jazz securing 190 MHz, though that news saw no immediate price reaction. Corporate actions in Pakistan and Bangladesh, including the planned TPL Insurance acquisition and a GSMA Innovation Fund partnership, coincided with modest gains. Participation in ModelChorus and an Open RAN/AI MoU at MWC Barcelona also aligned with positive moves. Against this backdrop of strategy- and tech-focused announcements, the 2025 Form 20‑F filing represents a more routine regulatory milestone.

Market Pulse Summary

This announcement highlights VEON’s filing of its audited 2025 Form 20‑F for the year ended December...

Analysis

This announcement highlights VEON’s filing of its audited 2025 Form 20‑F for the year ended December 31, 2025 with the U.S. SEC, confirming completion of the audit under Public Company Accounting Oversight Board standards. Investors may use this annual report to review full-year financials, risk disclosures, and operating metrics in detail, in the context of recent strategic actions in Pakistan, Ukraine and other markets documented in prior filings and press releases.

Key Terms

form 20-f, u.s. securities and exchange commission, public company accounting oversight board

3 terms

form 20-f regulatory

"filed its Annual Report on Form 20-F for the year ended December 31, 2025"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

u.s. securities and exchange commission regulatory

"filed its Annual Report on Form 20-F ... with the U.S. Securities and Exchange Commission"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

public company accounting oversight board regulatory

"according to Public Company Accounting Oversight Board standards"

An independent oversight body that inspects and sets rules for the firms that audit public companies’ financial statements, ensuring those audits are thorough and trustworthy. Like a building inspector checking that a structure is safe, it helps investors rely on reported profits and debts by reducing the chance of sloppy or fraudulent audits; stronger oversight can raise investor confidence and affect how the market values a company.

AI-generated analysis. Not financial advice.

Dubai and New York, March 16, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator (‘VEON’ or the ‘Company’), today announces that it has filed its Annual Report on Form 20-F for the year ended December 31, 2025 (the "2025 20-F") with the U.S. Securities and Exchange Commission at www.sec.gov

The filing follows the completion of the audit of the VEON Ltd. 2025 financial statements by the Company’s independent auditor UHY LLP according to Public Company Accounting Oversight Board standards.

The 2025 20-F is also available on the Financial Results section of the Company's website www.veon.com. Shareholders may request a hard copy of the 2025 20-F, including VEON's audited financial statements for the year ended December 31, 2025, free of charge, by contacting VEON's Investor Relations Department at ir@veon.com.

About VEON
VEON is a digital operator that provides connectivity and digital services over 150 million connectivity and more than 205 million digital users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com. 

Contact Information 
VEON
Hande Asik
Chief Strategy and Communications Officer
pr@veon.com

FAQ

When did VEON (VEON) file its 2025 Annual Report on Form 20-F?

VEON filed its 2025 Form 20-F with the U.S. SEC on March 16, 2026. According to the company, the filing covers the year ended December 31, 2025 and is available on the SEC website and VEON's Financial Results webpage.

Who audited VEON's 2025 financial statements in the Form 20-F filing (VEON)?

VEON's 2025 financial statements were audited by UHY LLP under PCAOB standards. According to the company, the audit was completed prior to the Form 20-F filing and the audited statements are included in the 2025 20-F.

Where can investors access VEON's 2025 20-F and audited financial statements (VEON)?

Investors can access the 2025 20-F on the U.S. SEC website and VEON's Financial Results webpage. According to the company, shareholders may also request a free hard copy by contacting VEON's Investor Relations department.

How can shareholders request a hard copy of VEON's 2025 Form 20-F (VEON)?

Shareholders can request a free hard copy by contacting VEON's Investor Relations at ir@veon.com. According to the company, the request will provide the 2025 20-F including audited financial statements for the year ended December 31, 2025.