All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2024-05-01.
From the record
VEON Ltd.'s filings since 2017 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2024-05-01) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-7.5% a year over 10 filed years; profitable in 6 of 10.
From the record
VEON Ltd.'s 10 filed years say what it did: revenue went from $8.9 billion in fiscal 2016 to $4.4 billion in fiscal 2025, down 7.5% a year; it rose in 4 of 9 years; the deepest fall was 63% from fiscal 2017 to fiscal 2020; net income was positive in 6 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 4.6/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: VEON Ltd.'s shareholder treatment is put at 4.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 46% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE 36%: 36¢ of profit per shareholder dollar. Leverage 82%: owes 82¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, VEON Ltd. earned about 36 cents of profit for every dollar of shareholders' money. Leverage: it owed about 82 cents per dollar of assets, and net share issuance: its share count shrank 0.9% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 25% of 13 in its family; net margin 13.4%.
From the record
VEON Ltd.'s standing among 13 graded names in its industry family: revenue of $4.4 billion in fiscal 2025 ranks in the top 28% by size; a net margin of 13.4% ranks in the top 27%; revenue growth of 5.4% a year over the last 3 filed years ranks in the top 19% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 5.8/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: VEON Ltd.'s leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-06-01 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 5 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 5 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
SI estimate 3.8/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: VEON Ltd.'s room to expand is put at 3.8 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 38% of 13 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.
What could actually drive growth from here?
top 17% of 13 in its family for growth drivers.
From the record
VEON Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew 5.4% a year over the last three filed years against -7.5% over all 10, speeding up (top 4% of its family); the newest year grew 9.9% (top 27%); capital spending grew 5% a year (top 19%) (its annual reports). VEON Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 24% of 12 in its family for expectations against reality.
From the record
VEON Ltd.'s newest year against its own record: revenue of $4.4 billion in fiscal 2025 came in 6.4% above the $4.1 billion its prior three years' pace pointed to (top 37% of its family); net income of $591 million against a prior three-year average of $657 million (top 21%); a net margin of 13.4% against -18.1% before (top 12%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made