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CONDENSED SEPARATE FINANCIAL INFORMATION OF VEON LTD (Tables) | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
Condensed statement of financial position | Condensed statement of financial position: As of December 31
| 2025 | 2024 | 2023
Non-current assets |  |  |
Intangible assets | 1 |  | 1 |  | 3 |
Tangible fixed assets | — |  | 1 |  | 2 |
Financial fixed assets | 1,804 |  | 1,461 |  | 1,157 |
Total non-current assets | 1,805 |  | 1,463 |  | 1,162 |
Total current assets | 148 |  | 143 |  | 116 |
Total assets | 1,953 |  | 1,606 |  | 1,278 |
Equity | 1,340 |  | 1,099 |  | 865 |
Total liabilities | 613 |  | 507 |  | 413 |
Total equity and liabilities | 1,953 |  | 1,606 |  | 1,278 |
Condensed income statement | Condensed income statement: for the years ended December 31
| 2025 | 2024 | 2023
Selling, general and administrative expenses | (77) |  | (83) |  | (134) |
Other operating gains | — |  | — |  | — |
Recharged expenses to group companies | 1 |  | 19 |  | 23 |
Operating (loss) | (76) |  | (64) |  | (111) |
Finance costs | (18) |  | (11) |  | (6) |
Share in result of subsidiaries after tax | 627 |  | 492 |  | (2,410) |
Income tax | (1) |  | (2) |  | (1) |
Total non-operating income and expenses | 608 |  | 479 |  | (2,417) |
Profit / (loss) for the year | 532 |  | 415 |  | (2,528) |
Condensed statements of comprehensive income | Condensed statements of comprehensive income: for the years ended December 31
| 2025 | 2024 | 2023
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
| 2025 | 2024 | 2023
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 paid | 59 |  | 88 |  | 100 |
Repayment of borrowings | (13) |  | (16) |  | — |
Net cash flows generated from financing activities | 46 |  | 72 |  | 100 |
Net increase / (decrease) in cash and cash equivalents | 2 |  | (4) |  | (2) |
Cash and cash equivalents at beginning of period | — |  | 4 |  | 6 |
Cash and cash equivalents at end of period | 2 |  | — |  | 4 |

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