VEON Ltd (VEON) — Free Cash Flow Generation Index
Latest as of September 2025:
1.00x
VEON Ltd (VEON) has a Free Cash Flow Generation Index of 1.00x as of September 2025. Free cash flow of $323.00 Million represents 1% of operating cash flow ($323.00 Million). Read how much debt does VEON Ltd carry for a breakdown of total debt and financial obligations.
FCF Generation Index
1.00x
Free Cash Flow / Operating CF
Free Cash Flow
$323.00 Million
USD
Operating Cash Flow
$323.00 Million
USD
Capital Expenditures
$0.00
USD
VEON Ltd Free Cash Flow Generation Index (2000–2024)
Historical FCF Generation Index trend for VEON Ltd across 25 annual periods. Explore VEON Ltd capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for VEON Ltd (2000–2024)
Year-by-year Free Cash Flow Generation Index for VEON Ltd. For the full company profile including market capitalisation, see VEON market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.45x | $523.00 Million | $1.15 Billion | $627.00 Million | ▼ -39.5% |
| 2023 | 0.75x | $1.92 Billion | $2.56 Billion | $634.00 Million | ▲ +0.0% |
| 2022 | 0.75x | $1.92 Billion | $2.56 Billion | $634.00 Million | ▲ +2.3% |
| 2021 | 0.74x | $1.94 Billion | $2.64 Billion | $699.00 Million | ▲ +170.0% |
| 2020 | 0.27x | $665.00 Million | $2.44 Billion | $1.78 Billion | ▼ -36.6% |
| 2019 | 0.43x | $1.27 Billion | $2.95 Billion | $1.68 Billion | ▲ +90.4% |
| 2018 | 0.23x | $568.50 Million | $2.52 Billion | $1.95 Billion | ▲ +27.4% |
| 2017 | 0.18x | $439.43 Million | $2.48 Billion | $2.04 Billion | ▲ +48.1% |
| 2016 | 0.12x | $227.36 Million | $1.90 Billion | $1.68 Billion | ▲ +239.6% |
| 2015 | -0.09x | $-173.32 Million | $2.03 Billion | $2.20 Billion | ▼ -157.2% |
| 2014 | 0.15x | $790.00 Million | $5.28 Billion | $4.49 Billion | ▼ -60.3% |
| 2013 | 0.38x | $2.40 Billion | $6.35 Billion | $3.96 Billion | ▼ -18.8% |
| 2012 | 0.46x | $3.37 Billion | $7.26 Billion | $3.89 Billion | ▲ +1941.8% |
| 2011 | -0.03x | $-154.00 Million | $6.11 Billion | $6.26 Billion | ▼ -104.9% |
| 2010 | 0.51x | $1.89 Billion | $3.70 Billion | $1.81 Billion | ▼ -36.5% |
| 2009 | 0.80x | $2.82 Billion | $3.51 Billion | $691.45 Million | ▲ +93.6% |
| 2008 | 0.41x | $1.44 Billion | $3.46 Billion | $2.03 Billion | ▼ -12.0% |
| 2007 | 0.47x | $1.43 Billion | $3.04 Billion | $1.61 Billion | ▲ +118.8% |
| 2006 | 0.22x | $424.58 Million | $1.97 Billion | $1.55 Billion | ▼ -88.7% |
| 2005 | 1.91x | $2.48 Billion | $1.30 Billion | $1.18 Billion | ▼ -11.2% |
| 2004 | 2.15x | $1.73 Billion | $805.41 Million | $925.13 Million | ▲ +8.0% |
| 2003 | 1.99x | $1.02 Billion | $511.88 Million | $506.72 Million | ▼ -14.0% |
| 2002 | 2.31x | $513.16 Million | $221.72 Million | $291.44 Million | ▼ -1.5% |
| 2001 | 2.35x | $237.41 Million | $101.06 Million | $136.35 Million | ▼ -72.8% |
| 2000 | 8.63x | $73.80 Million | $8.55 Million | $65.25 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).