Slide 1: Average and closing rates of functional currencies to USD
VEON Group Average and closing rates of functional currencies to USD Index Long Name ISO code 4Q25 4Q24 YoY 4Q25 4Q24 YoY Consolidated VEON Pakistan Rupee PKR 280.9 278.0 (1.1%) 280.1 278.5 (0.6%) Customers Ukraine Hryvnia UAH 42.0 41.4 (1.3%) 42.4 42.0 (0.8%) Pakistan Kazakhstan Tenge KZT 524.8 500
Slide 2: VEON index page: consolidated financials
VEON index page (in USD millions, unless stated otherwise, unaudited) Consolidated 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 FY21 FY22 FY23 FY24 FY25 Total revenue 884 916 945 953 942 1,026 1,038 998 1,026 1,086 1,115 1,171 3,850 3,755 3,698 4,004 4,399 Telecom + Infrastructure 826
Slide 3: VEON index page: telecom metrics
VEON index page (in millions) Telecom Metrics 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 FY21 FY22 FY23 FY24 FY25 Pakistan 73.7 71.2 70.5 70.6 71.7 71.4 71.6 71.5 73.4 73.9 72.7 73.9 72.6 73.7 70.6 71.5 73.9 Bangladesh 38.7 39.1 39.9 40.4 41.0 41.3 37.8 35.8 35.0 34.8 34.7 34.4 35.1
Slide 4: Pakistan
Pakistan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 FY21 FY22 FY23 FY24 FY25 Total revenue 269 271 279 299 321 347 359 356 386 395 405 438 1,408 1,285 1,119 1,382 1,624 Telecom + Infrastrcuture revenue 231
Slide 5: Ukraine
Ukraine index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 FY21 FY22 FY23 FY24 FY25 Total revenue 228 235 238 217 188 236 250 251 257 286 299 322 1,055 971 919 925 1,164 Telecom + Infrastrcuture revenue 225 232 23
Slide 6: Kazakhstan
Kazakhstan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 FY21 FY22 FY23 FY24 FY25 Total revenue 175 188 204 208 214 224 224 193 188 201 213 215 569 636 775 854 816 Telecom + Infrastrcuture revenue 160 172 187
Slide 7: Bangladesh
Bangladesh index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 FY21 FY22 FY23 FY24 FY25 Total revenue 138 144 146 141 141 141 123 115 111 117 117 115 564 576 570 520 460 Telecom + Infrastrcuture revenue 138 144 145
Slide 8: Uzbekistan
Uzbekistan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 FY21 FY22 FY23 FY24 FY25 Total revenue 63 66 65 75 67 67 70 70 73 75 77 83 194 233 269 273 308 Telecom + Infrastrcuture revenue 62 62 63 71 64 64 67 66