Marriott Lowers Full-Year Outlook
Marriott International beat second-quarter expectations but did what most of the others have not been doing: lowered the 2025 RevPAR outlook. They also lowered 2025 adjusted EBITDA guidance slightly, with the cut being for a weaker-than-expected 3Q as MAR expects an acceleration in 4Q. MAR repurchased 2.8 million shares in 2Q for $700 million. MAR expects to return $4 billion in capital to shareholders for the year with share repurchases and dividends.
Ryman Hospitality Properties reported better-than-expected 2Q25 results but cut net income
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[Latest] Global Agricultural Adjuvants Market Size/Share Worth USD 6.2 Billion by 2034 at a 4.78% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Agricultural Adjuvants Market size & share revenue was valued at approximately USD 3.9 Billion in 2024 and is expected to reach USD 4.3 Billion in 2025 and is expected to reach around USD 6.2 Billion by 2034, at a CAGR of 4.78% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Clariant AG, Solvay SA, The Dow Chemical Company, Huntsman International LLC, Evonik Industries AG, Ingevity, Nufarm Limited, Corteva Agriscience, Croda International PLC, BASF SE, Miller Chemical & Fertilizer LLC., Helena Chemical Company, Winfield United, Wilbur-Ellis Holdings Inc., Stepan Company and others. Austin, TX, USA, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Agricultural Adjuvants Market Size, Trends and Insights By Product (Activator Adjuvants, Utility Adjuvants), By Application (Herbicides, Insecticides, Fungicides, Others), By Source (Petroleum-based, Bio-based), By Formulation (Oil-based, Others), By Crop Type (Organic, Conventional), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database.'According to the latest research study, the demand of the global Agricultural Adjuvants Market size & share was valued at approximately USD 3.9 Billion in 2024 and is expected to reach USD 4.3 Billion in 2025 and is expected to reach a value of around USD 6.2 Billion by 2034, at a compound annual growth rate (CAGR) of about 4.78% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Agricultural Adjuvants Market @ Agricultural Adjuvants Market: Overview According to industry experts at CMI, agricultural adjuvants are chemicals that are added to pesticides, herbicides, insecticides, and fungicides to improve their performance. They can be added to a product when it's purchased or mixed in before application. The agriculture adjuvants industry is being driven by several factors such as the increasing agriculture sector, increasing spreading of insecticides in agricultural land, growing product launches, and increasing focus on sustainable practices. However, the lack of awareness among farmers and environmental concerns pose a major challenge to the industry's growth. Request a Customized Copy of the Agricultural Adjuvants Market Report @ Agricultural Adjuvants Market: Growth Factors and Dynamics Growing population One of the major factors that will lead to the growth of the agricultural adjuvants market is the increasing population of various nations across the world. The increasing population creates more demand for food and this shall lead to an increase in the demand for agricultural adjuvants in the forecast period. In the previous ten decades, the population of the world has increased fourfold, and it will soon grow to 9.2 billion by the year 2050. Rising investment in R&D Increased investments in agricultural research and development (R&D) are having a positive impact on the market. These expenditures are resulting in the creation of novel adjuvant compositions with enhanced functions and performance. New adjuvants are being developed through substantial R&D efforts to improve agrochemical compatibility, stability, and efficiency. AAdvanced formulations address concerns of farmers, including increased pesticide resistance and the need for fewer chemical inputs. According to the Department of Agriculture, Fisheries and Forestry, rising investments in agricultural R&D in Australia, totaling USD 2.98 billion in 2023-24 with 6.85% annual private sector growth, will drive innovations in agricultural adjuvants, improving crop protection and productivity while reducing environmental impacts. High cost of adjuvants The agricultural adjuvants market is restrained by its high cost. The high cost of agricultural adjuvants negatively impacts adoption rate, particularly among budget conscious farmers. PProduction costs increase due to manufacturers' substantial investments in research and development aimed at creating advanced, multipurpose adjuvants, including bio-based or environmentally friendly options. High-performance adjuvants are often expensive because of the usage of high cost of raw materials such as polymers, surfactants, or refined oils. Report Scope Feature of the Report Details Market Size in 2025 USD 4.3 Billion Projected Market Size in 2034 USD 6.2 Billion Market Size in 2024 USD 3.9 Billion CAGR Growth Rate 4.78% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Product, Application, Source, Formulation, Crop Type and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Agricultural Adjuvants report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Agricultural Adjuvants report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Agricultural Adjuvants Market Report @ Agricultural Adjuvants Market: New Launches and Acquisitions In January 2023, Lavoro announced the acquisition of Cromo Química to extend its product offerings and boost its sales in the Latin American region. Key questions answered in this report: What is the size of the Agricultural Adjuvants market and what is its expected growth rate? What are the primary driving factors that push the Agricultural Adjuvants market forward? What are the Agricultural Adjuvants Industry's top companies? What are the different categories that the Agricultural Adjuvants Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Agricultural Adjuvants market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Agricultural Adjuvants Research Report | Fast Delivery Available - [220+ Pages] @ Agricultural Adjuvants Market: Regional Analysis North America is projected to dominate the agricultural adjuvants market. The increased demand for a range of agricultural goods in the US, Canada, and Mexico—such as cereals, fruits, vegetables, and oilseeds—is the main cause of this. TThe demand for agricultural adjuvants is increasing due to the region's higher production of food crops and cereals, along with the expansion of agricultural land. As the area looks to increase crop yields and fulfill the expanding food needs of its people, this tendency is probably here to stay. However, the Asia Pacific is growing at a significant pace in the global agricultural adjuvants industry. The growing agriculture sector is expected to drive the regional industry expansion. Request a Customized Copy of the Agricultural Adjuvants Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@ Browse the full 'Agricultural Adjuvants Market Size, Trends and Insights By Product (Activator Adjuvants, Utility Adjuvants), By Application (Herbicides, Insecticides, Fungicides, Others), By Source (Petroleum-based, Bio-based), By Formulation (Oil-based, Others), By Crop Type (Organic, Conventional), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at of the prominent players in the Agricultural Adjuvants Market: Clariant AG Solvay SA The Dow Chemical Company Huntsman International LLC Evonik Industries AG Ingevity Nufarm Limited Corteva Agriscience Croda International PLC BASF SE Miller Chemical & Fertilizer LLC. Helena Chemical Company Winfield United Wilbur-Ellis Holdings Inc. Stepan Company Others Click Here to Access a Free Sample Report of the Global Agricultural Adjuvants Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. Browse More Related Reports: Oilseeds Market: Oilseeds Market Size, Trends and Insights By Product (Sunflower, Soybean, Peanut, Cottonseed, Rapeseed), By Type (Animal Feed, Edible Oil), By Breeding (Genetically Modified, Conventional), By Biotech Trait (Herbicide Tolerant, Insecticide Resistant, Other Stacked Traits), By Application (Oilseed Meal, Vegetable Oil), By End-user (Household or Residential Area, Commercial or Corporate Sector, Automobiles), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Sunflower Seeds Market: Sunflower Seeds Market Size, Trends and Insights By Product Type (Oilseed, Non-Oilseed), By Application (Edible Oil, Snacks, Confectionery, Bakery Products, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Greenhouse Horticulture Market: Greenhouse Horticulture Market Size, Trends and Insights By Material Type (Glass, Plastic), By Crop Type (Fruits and Vegetables, Flowers and Ornamentals, Nursery Crops, Others), By Technology (Heating System, Cooling System, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Controlled Environment Agriculture Market: Controlled Environment Agriculture Market Size, Trends and Insights By Crop (Leafy Greens, Tomato, Strawberries, Cucumber, Cannabis, Others), By Growing Methods (Hydroponics, Aquaponics, Aeroponics, Others), By Components (Lighting, Growing Media, Nutrients, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Coco Peat Market: Coco Peat Market Size, Trends and Insights By Product Type (Coco Peat Blocks, Coco Peat Bricks, Coco Peat Powder, Blended Coco Peat), By Application (Horticulture and Floriculture, Agriculture, Home Gardening, Landscaping), By Form (Raw Coco Peat, Blended Coco Peat, Washed Coco Peat, Buffered Coco Peat), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Tractor Shovel-Loader Market: Tractor Shovel-Loader Market Size, Trends and Insights By Type (Loader Tractors, Backhoe Loaders), By Engine Capacity (Upto 80 HP, 80-120 HP, Above 120 HP), By Application (Mining, Agriculture, Construction, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 India Shrimp Farming Market: India Shrimp Farming Market Size, Trends and Insights By Species (Black Tiger Shrimp, Pacific White Shrimp, Indian White Shrimp, Others), By Culture System (Traditional Pond Culture, Intensive Pond Culture, Semi-Intensive Pond Culture, Biofloc Technology, Indoor Recirculating Aquaculture Systems (RAS), Others), By Distribution Channel (B2B, B2C), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Harvesters Market: Harvesters Market Size, Trends and Insights By Type (Combine harvesters, Forage Harvesters, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 The Agricultural Adjuvants Market is segmented as follows: By Product Activator Adjuvants Utility Adjuvants By Application Herbicides Insecticides Fungicides Others By Source Petroleum-based Bio-based By Formulation Oil-based Others By Crop Type Organic Conventional Click Here to Get a Free Sample Report of the Global Agricultural Adjuvants Market @ Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America This Agricultural Adjuvants Market Research/Analysis Report Contains Answers to the following Questions. Which Trends Are Causing These Developments? WWho are the key global players in the agricultural adjuvants market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Agricultural Adjuvants Market? What Was the Capacity, Production Value, Cost, and PROFIT of the Agricultural Adjuvants Market? WWhat is the current status of the agricultural adjuvants market? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Agricultural Adjuvants Market by Considering Applications and Types? What Are Projections of the Global Agricultural Adjuvants Industry Considering Capacity, Production, and Production Value? WWhat will the estimated costs and profits be? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Agricultural Adjuvants Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On the Agricultural Adjuvants Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are the Market Dynamics of the Agricultural Adjuvants Market? What Are Challenges and Opportunities? What Should Be the Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for the Agricultural Adjuvants Industry? Click Here to Access a Free Sample Report of the Global Agricultural Adjuvants Market @ Reasons to Purchase Agricultural Adjuvants Market Report Agricultural Adjuvants Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Agricultural Adjuvants Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Agricultural Adjuvants Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Agricultural Adjuvants Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report TThe report offers a comprehensive overview of the global Agricultural Adjuvants market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Agricultural Adjuvants Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Agricultural Adjuvants market analysis. The competitive environment of current and potential participants in the Agricultural Adjuvants market is covered in the report, as well as those companies' strategic product development ambitions. This study conducts a qualitative and quantitative analysis of the market based on the component, application, and industry vertical. Additionally, the report offers comparable data for the important regions. For each segment mentioned above, actual market sizes and forecasts have been given. Who should buy this report? Participants and stakeholders worldwide Agricultural Adjuvants market should find this report useful. The research will be useful to all market participants in the Agricultural Adjuvants industry. Managers in the Agricultural Adjuvants sector are interested in publishing up-to-date and projected data about the worldwide Agricultural Adjuvants market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Agricultural Adjuvants products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Agricultural Adjuvants Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey. Follow Us: LinkedIn | Twitter | Facebook | YouTube Contact Us: Joel John CMI Consulting LLC 1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702 USA: +1 737-734-2707 India: +91 20 46022736 Email: support@ Web: Blog: Blog: Blog: Blog: Buy this Premium Agricultural Adjuvants Research Report | Fast Delivery Available - [220+ Pages] @ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump's higher tariff rates hit goods from major US trading partners
By David Lawder and Andrea Shalal (Reuters) -President Donald Trump's higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Thursday, testing his strategy for shrinking U.S. trade deficits without massive disruptions to global supply chains, higher inflation and stiff retaliation from trading partners. U.S. Customs and Border Protection agency began collecting the higher tariffs at 12:01 a.m. EDT (0401 GMT) after weeks of suspense over Trump's final tariff rates and frantic negotiations with major trading partners that sought to lower them. Goods loaded onto U.S.-bound vessels and in transit before the midnight deadline can enter at lower prior tariff rates before October 5, according to a CBP notice to shippers issued this week. Imports from many countries had previously been subject to a baseline 10% import duty after Trump paused higher rates announced in early April. But since then, Trump has frequently modified his tariff plan, slapping some countries with much higher rates, including 50% for goods from Brazil, 39% from Switzerland, 35% from Canada and 25% from India. He announced on Wednesday a separate, 25% tariff on Indian goods to be imposed in 21 days over the South Asian country's purchases of Russian oil. "RECIPROCAL TARIFFS TAKE EFFECT AT MIDNIGHT TONIGHT!," Trump said on Truth Social just ahead of the deadline. "BILLIONS OF DOLLARS, LARGELY FROM COUNTRIES THAT HAVE TAKEN ADVANTAGE OF THE UNITED STATES FOR MANY YEARS, LAUGHING ALL THE WAY, WILL START FLOWING INTO THE USA. THE ONLY THING THAT CAN STOP AMERICA'S GREATNESS WOULD BE A RADICAL LEFT COURT THAT WANTS TO SEE OUR COUNTRY FAIL!" Eight major trading partners accounting for about 40% of U.S. trade flows have reached framework deals for trade and investment concessions to Trump, including the European Union, Japan and South Korea, reducing their base tariff rates to 15%. Britain won a 10% rate, while Vietnam, Indonesia, Pakistan and the Philippines secured rate reductions to 19% or 20%. "For those countries, it's less-bad news," said William Reinsch, a senior fellow and trade expert at the Center for Strategic and International Studies in Washington. "There'll be some supply chain rearrangement. There'll be a new equilibrium. Prices here will go up, but it'll take a while for that to show up in a major way," Reinsch said. Countries with punishingly high duties, such as India and Canada, "will continue to scramble around trying to fix this," he added. Trump's order has specified that any goods determined to have been transshipped from a third country to evade higher U.S. tariffs will be subject to an additional 40% import duty, but his administration has released few details on how these goods would be identified or the provision enforced. Trump's July 31 tariff order imposed duties above 10% on 67 trading partners, while the rate was kept at 10% for those not listed. These import taxes are one part of a multilayered tariff strategy that includes national security-based sectoral tariffs on semiconductors, pharmaceuticals, autos, steel, aluminum, copper, lumber and other goods. Trump said on Wednesday the microchip duties could reach 100%. China is on a separate tariff track and will face a potential tariff increase on August 12 unless Trump approves an extension of a prior truce after talks last week in Sweden. He has said he may impose additional tariffs over China's purchases of Russian oil as he seeks to pressure Moscow into ending its war in Ukraine. REVENUES, PRICE HIKES Trump has touted the vast increase in federal revenues from his import tax collections, which are ultimately paid by companies importing the goods and consumers of end products. The higher rates will add to the total, which reached a record $27 billion in June. U.S. Treasury Secretary Scott Bessent has said that U.S. tariff revenues could top $300 billion a year. The move will drive average U.S. tariff rates to around 20%, the highest in a century and up from 2.5% when Trump took office in January, the Atlantic Institute estimates. Commerce Department data released last week showed more evidence that tariffs began driving up U.S. prices in June, including for home furnishings and durable household equipment, recreational goods and motor vehicles. Costs from Trump's tariff war are mounting for a wide swath of companies, including bellwethers Caterpillar, Marriott, Molson Coors and Yum Brands. All told, global companies that have reported earnings so far this quarter are looking at a hit of around $15 billion to profits in 2025, Reuters' global tariff tracker shows. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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VEON 2Q25 Earnings Release: Direct Digital Revenues Up 57% YoY. Solid Execution, Strong Results
VEON 2Q25 Earnings Release: Direct Digital Revenues Up 57% YoY. Solid Execution, Strong Results Dubai, August 7, 2025 VEON 2Q25 Highlights Total revenue growth of 5.9% YoY to USD 1,087 million (11.2% YoY in local currency terms) EBITDA growth of 13.2% YoY to USD 520 million (19.6% YoY in local currency terms) Direct digital revenue growth of 56.6% YoY to USD 180 million (+62.4% YoY in local currency terms), representing 16.5% of revenues for quarter Total cash and cash equivalents and deposits of USD 1,283 million, with USD 206 million at headquarters ('HQ'); and gross debt at USD 4,627 million (increased by USD 250 million QoQ), with net debt excluding lease liabilities at USD 1,962 million (increased by USD 152 million QoQ) LTM Equity Free Cash Flow of USD 611 million, Capex of USD 231 million VEON Ltd. (Nasdaq: VEON), a global digital operator, announces selected financial and operating results for the second quarter ending June 30, 2025. For the second quarter, VEON revenues grew 5.9% year-on-year to USD 1,087 million in reported currency (USD). In local currency terms, 2Q25 growth was 11.2% YoY, exceeding the blended weighted average inflation rate in our operating countries of 8.6% in the quarter, showcasing our ability to implement fair pricing and capturing higher consumer wallet share. VEON's revenue performance was supported by increasingly robust direct digital revenue growth, which rose by 56.6% YoY in reported currency, and by 62.4% YoY in local currency terms. Direct digital revenues comprised 16.5% of total revenues in 2Q25, up from 5.4% a year ago. EBITDA reached USD 520 million, up 13.2% year-on-year in reported currency and growing 19.6% in local currency terms. Capex, at USD 231 million for 2Q25, implies a capex intensity of 21.3% for the quarter and LTM capex intensity of 21.4% (+3.4 p.p. YoY, 18.3% excl. Ukraine) as VEON focused on enhancing network quality and supporting its digital transformation initiatives. Total cash and cash equivalents and deposits as of June 30, 2025 amounted to USD 1,283 million (including USD 326 million related to customer deposits from banking operations in Pakistan) with USD 206 million held at the HQ level. Net debt to EBITDA, excluding lease liabilities, was at 1.32x as of June 30, 2025. Outlook for 2025 VEON is revising its 2025 outlook and now expects local currency revenue growth of 13% to 15% year-on-year, and local currency EBITDA growth of 14% to 16% year-on-year. The Group's capex intensity for 2025 is expected to remain within the 17% to 19% range. VEON's third and final phase of its previously announced share buyback program, which commenced on 17 June 2025, was completed on 01 August 2025. VEON acquired 722,588 ADSs for a total consideration of US$35 million as part of this third phase of buyback. With this, VEON has completed its previously announced (01 Aug 2024) US$100 million share buyback program. Commenting on the results, VEON Group CEO Kaan Terzioglu said: 'VEON has continued its strong momentum into the second quarter of 2025, delivering solid results that reflect both disciplined execution and strategic clarity. 'We are making rapid progress in our digital operator strategy. We welcomed Uklon to the VEON family in April, marking a strategic milestone and our commitment to expanding our digital services footprint and unlocking new growth opportunities. We deliver innovative and locally relevant digital services that enhance our customers' lives every minute of the day. Together, these strategies position VEON as a frontrunner in digital transformation across frontier markets. 'Looking ahead, our teams continue to execute with discipline, and the underlying demand across our markets remains robust. Consequently, we are revising our outlook for 2025 and now expect local currency revenue growth of between 13% to 15% year-on-year and local currency EBITDA growth of between 14% to 16% year-on-year. Capex intensity for 2025 is expected to remain within the range of 17% to 19%. We continue to focus on disciplined execution and innovation to deepen customer impact and enhance long-term shareholder value creation.' Additional information View the full 2Q25 Earnings Release View 2Q25 Results PresentationView 2Q25 Factbook 2Q25 results conference call VEON will also host a results conference call with senior management at 16:00 GST (14:00 CET, 8:00 EST) today. To register and access the event, please click here or copy and paste this link to the address bar of your browser: Once registered, you will receive registration confirmation on the email address mentioned during registration with the link to access the webcast and dial-in details to listen to the conference call over the phone. We strongly encourage you to watch the event through the webcast link, but if you prefer to dial in, then please use the dial-in details. Q&A If you want to participate in the Q&A session, we ask that you select the 'Yes' option on the 'Will you be asking questions live on the call?' dropdown. That will bring you to a page where you can join the Q&A room by clicking 'Connect to meeting'. You will be brought into a zoom webinar where you can listen to the presentation and once Q&A begins, if you have a question, please use the 'raise hand button' on the bottom of your zoom screen. When it is your turn to speak, the moderator will announce your name as well as sending a message to your screen asking you to confirm you want to talk. Once accepted, please unmute your mic and ask your question. You can also submit your questions prior the webcast event to VEON Investor Relations at ir@ About VEON VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% 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: Notice to readers: financial information presented VEON's results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ("IFRS") based on internal management reporting, are the responsibility of management and have not been externally audited, reviewed, or verified. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for any future period. Notice to readers: impact of the war in Ukraine The ongoing war in Ukraine and the resulting sanctions adopted by the United States, member states of the European Union, the European Union itself, the United Kingdom, Ukraine and certain other nations, countersanctions and other legal and regulatory responses, as well as responses by our service providers, partners, suppliers and other counterparties, and the other indirect and direct consequences of the war have impacted and, if the war, such responses and other consequences continue or escalate, may significantly impact our results and aspects of our operations in Ukraine and may significantly affect our results and aspects of our operations in the other countries in which we operate. We are closely monitoring events in Ukraine, as well as the possibility of the imposition of further legal and regulatory restrictions in connection with the ongoing war in Ukraine and any potential impact the war may have on our results, whether directly or indirectly. Our operations in Ukraine continue to be affected by the war. We are doing everything we can to protect the safety of our employees, while continuing to ensure the uninterrupted operation of our communications, financial and digital services. Disclosure regarding Ukraine Tower Company (UTC) consolidation The financial results presented for Kyivstar as part of VEON Group's consolidated Q2 2025 financial statements include the full consolidation of Ukraine Tower Company LLC ('UTC'), consistent with its current ownership and control structure. However, it should be noted that in connection with the anticipated standalone listing of Kyivstar on Nasdaq, the financial disclosures prepared for the listed entity will exclude UTC, as UTC will not be consolidated within the scope of the listed Kyivstar entity at the time of listing. Disclaimer VEON's results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ("IFRS") and have not been externally reviewed and/or audited. The financial information included in this document is preliminary and is based on a number of assumptions that are subject to inherent uncertainties and subject to change. The financial information presented herein is based on internal management accounts, is the responsibility of management and is subject to financial closing procedures which have not yet been completed and has not been audited, reviewed or verified. Certain amounts and percentages that appear in this document have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, including those in the tables, may not be an exact arithmetic aggregation of the figures that precede or follow them. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for the current period or any future period. This document contains 'forward-looking statements', as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by words such as 'may,' 'might,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'plan,' 'anticipate,' 'intend,' 'seek,' 'believe,' 'estimate,' 'predict,' 'potential,' 'continue,' 'contemplate,' 'possible' and other similar words. Forward-looking statements include statements relating to, among other things, VEON's plans to implement its strategic priorities, operating model and development plans; VEON's ability to achieve anticipated performance results, including VEON's growth trajectory and ability to generate sufficient cash flow to meet upcoming obligations; VEON's intended expansion of its digital experience including through technologies such as artificial intelligence; VEON's assessment of the impact of the war in Ukraine, including related sanctions and counter-sanctions, on its current and future operations and financial condition; VEON's assessment of the impact of the political conflict in Bangladesh; future market developments and trends; operational and network development and network investment, including expectations regarding the roll-out and benefits of 3G/4G/LTE networks, as applicable; spectrum acquisitions and renewals; the effect of the acquisition of additional spectrum on customer experience; VEON's ability to realize the acquisition and disposition of any of its businesses and assets as well as the impact of the consolidation of such newly acquired business and assets, like Uklon into VEON's financials and results of operations; VEON's ability to execute its strategic transactions in the timeframes anticipated, or at all ,including VEON's ability to complete the business combination that will result in the listing of Kyivstar on the Nasdaq Stock Market LLC; VEON's ability to realize financial improvements, including an expected reduction of net pro-forma leverage ratio following the successful completion of certain dispositions and acquisitions; its dividends; and VEON's ability to realize its targets and commercial initiatives in its various countries of operation. The forward-looking statements included in this document are based on management's best assessment of VEON's strategic and financial position and of future market conditions, trends and other potential developments. These discussions involve risks and uncertainties. The actual outcome may differ materially from these statements as a result of, among other things: further escalation in the war in Ukraine, including further sanctions and counter-sanctions and any related involuntary deconsolidation of our Ukrainian operations; demand for and market acceptance of VEON's products and services; our plans regarding our dividend payments and policies, as well as our ability to receive dividends, distributions, loans, transfers or other payments or guarantees from our subsidiaries; continued volatility in the economies in VEON's markets; governmental regulation of the telecommunications industries; general political uncertainties in VEON's markets; government investigations or other regulatory actions; litigation or disputes with third parties or regulatory authorities or other negative developments regarding such parties; the impact of export controls and laws affecting trade and investment on our and important third-party suppliers' ability to procure goods, software or technology necessary for the services we provide to our customers, including those that arise as a results of baseline or so called "reciprocal tariffs" imposed in the countries in which we operate; risks associated with data protection or cyber security, other risks beyond the parties' control or a failure to meet expectations regarding various strategic priorities, the effect of foreign currency fluctuations, increased competition in the markets in which VEON operates and the effect of consumer taxes on the purchasing activities of consumers of VEON's services. Certain other factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in VEON's 2024 Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the 'SEC') on April 25, 2025 and other public filings made from time to time by VEON with the SEC. Other unknown or unpredictable factors also could harm our future results. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Under no circumstances should the inclusion of such forward-looking statements in this document be regarded as a representation or warranty by us or any other person with respect to the achievement of results set out in such statements or that the underlying assumptions used will in fact be the case. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date hereof. We cannot assure you that any projected results or events will be achieved. Except to the extent required by law, we disclaim any obligation to update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made, or to reflect the occurrence of unanticipated events. 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