Millicom International Cellular SA income statement MLCMF

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Millicom International Cellular SA reported revenue of $5.8 billion, up 0.3% from the year before. Net income was $1.4 billion, a profit margin of 23.4%. Operating income came to $1.6 billion, an operating margin of 28.2%. Diluted earnings per share were $7.83. Across the 8 fiscal years shown, revenue grew from $3.9 billion in fiscal 2018 to $5.8 billion in fiscal 2025, about 5.7% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
Revenue
5,819
+0.3%
5,804
+2.5%
5,661
+0.7%
5,624
+32.0%
4,261
+12.0%
3,805
-12.2%
4,336
+9.9%
3,946
Cost of revenue
1,311
-7.7%
1,420
-5.8%
1,507
+0.1%
1,506
+25.8%
1,197
+12.9%
1,060
-11.7%
1,201
+7.5%
1,117
Gross profit
4,508
+2.8%
4,384
+5.5%
4,154
+0.9%
4,118
+34.4%
3,063
+11.6%
2,745
-12.4%
3,135
+10.8%
2,829
Operating income
1,639
+22.1%
1,342
+62.5%
826
-9.7%
915
+47.8%
619
+54.0%
402
-30.1%
575
-10.2%
640
Pretax income
1,665
+201.6%
552
+215.4%
175
-26.5%
238
-67.3%
728
+388.9%
-252
-215.6%
218
+83.2%
119
Income tax
303
+7.8%
281
-33.7%
424
+91.0%
222
+40.5%
158
+119.4%
72
-40.0%
120
+7.1%
112
Net income
1,362
+408.2%
268
+209.4%
-245
-289.9%
129
-76.2%
542
+240.8%
-385
-350.0%
154
+692.3%
-26
Basic EPS
7.86
+434.7%
1.47
+406.2%
-0.48
-137.8%
1.27
—
—
1.48
+1580.0%
-0.10
Diluted EPS
7.83
+436.3%
1.46
+404.2%
-0.48
-137.8%
1.27
—
—
1.48
+1580.0%
-0.10
Weighted average shares, basic
168
-2.2%
171
-0.0%
171
+23.3%
139
+8.1%
129
-0.0%
129
+27.2%
101
+0.3%
101
Weighted average shares, diluted
168
-2.6%
173
+0.7%
171
+22.7%
140
+8.2%
129
+0.1%
129
+27.5%
101
+0.3%
101
Other measures
Depreciation and amortization
—
—
—
1,344
+20.8%
1,113
-0.5%
1,119
+1.7%
1,100
+37.0%
803
EBITDA
—
—
—
2,259
+30.4%
1,732
+13.9%
1,521
-9.2%
1,675
+16.1%
1,443
Interest coverage
2.33x
1.87x
1.16x
1.48x
1.25x
0.72x
1.02x
1.74x
Margins
Gross margin
77.47%
75.53%
73.38%
73.22%
71.88%
72.14%
72.30%
71.69%
Operating margin
28.17%
23.12%
14.59%
16.27%
14.53%
10.57%
13.26%
16.22%
Pretax margin
28.61%
9.51%
3.09%
4.23%
17.09%
-6.62%
5.03%
3.02%
Profit margin
23.41%
4.62%
-4.33%
2.29%
12.72%
-10.12%
3.55%
-0.66%
EBITDA margin
—
—
—
40.17%
40.65%
39.97%
38.63%
36.57%
Effective tax rate
18.20%
50.91%
242.29%
93.28%
21.70%
—
55.05%
94.12%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry
Radiotelephone Communications (SIC 4812)
Listed as
TIGO (Nasdaq), MLCMF (OTC)
Fiscal year ends
December 31
Headquarters
Luxembourg, Luxembourg
SEC filer status
Large accelerated filer
SEC CIK
912958

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.