TIGO Q1 2025 Earnings Report — Millicom International Cellular S.A. Revenue & Financial Results | Market Cap Arena

Millicom International Cellular S.A.TIGO

Q1 2025 Earnings

Reported May 8, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2025	Q4 2024	Q1 2024	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.5B	—	-7.6%
Op. Income	$338M	—	$298M	—	13.4%
Gross Margin	55.4%	—	51.8%	—	3.5pp
Net Margin	14.0%	—	6.2%	—	7.9pp
EPS (Diluted)	$1.14	—	$0.53	—	112.6%
Free Cash Flow	$232M	—	$117M	—	98.3%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$613M
GROSS PROFIT	$761M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$423M
Other Expenses	$0
Operating Expenses	$423M
Cost & Expenses	$1.0B
OPERATING INCOME	$338M
Interest Income	$2M
Interest Expense	$164M
Other Income/Expenses	-$48M
INCOME BEFORE TAX	$290M
Income Tax Expense	$71M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$297M
EBIT	$441M
EBITDA	$738M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$613M
GROSS PROFIT	$761M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$423M
Other Expenses	$0
Operating Expenses	$423M
Cost & Expenses	$1.0B
OPERATING INCOME	$338M
Interest Income	$2M
Interest Expense	$164M
Other Income/Expenses	-$48M
INCOME BEFORE TAX	$290M
Income Tax Expense	$71M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$297M
EBIT	$441M
EBITDA	$738M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$193M
Depreciation & Amortization	$297M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$46M
Change in Working Capital	-$80M
OPERATING CASH FLOW	$364M
Capital Expenditure	-$132M
Acquisitions (Net)	$65M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$145M
Net Debt Issuance	-$31M
Common Stock Repurchased	-$119M
Common Dividends Paid	$0
Other Financing Activities	-$214M
NET CASH FROM FINANCING	-$364M
FREE CASH FLOW	$232M
Net Change in Cash	-$174M

Balance Sheet

Item	Amount
Cash & Equivalents	$534M
Short-Term Investments	$0
Net Receivables	$437M
Inventory	$56M
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$3.8B
Goodwill	$0
Intangible Assets	$6.8B
Long-Term Investments	$565M
Tax Assets	$120M
Other Non-Current Assets	$99M
TOTAL NON-CURRENT ASSETS	$11.4B
TOTAL ASSETS	$13.7B
Account Payables	$330M
Short-Term Debt	$254M
Deferred Revenue	$104M
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$5.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$136M
Other Non-Current Liabilities	$548M
TOTAL NON-CURRENT LIABILITIES	$7.4B
TOTAL LIABILITIES	$10.3B
Common Stock	$258M
Additional Paid-In Capital	$1.1B
Retained Earnings	$3.0B
Treasury Stock	-$142M
Accum. Other Comp. Income	-$741M
Other Equity	-$1M
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	-$33M
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$13.7B
Total Debt	$7.1B
Net Debt	$6.6B