Millicom International Cellular S.A. (TIGO) shares are soaring 5.32% in pre-market trading following the release of its impressive third-quarter 2025 earnings report. The telecommunications company reported strong financial results, including a record Adjusted EBITDA of $695 million, up 18.7% year-over-year, and an operating profit of $390 million.
The company's performance was driven by solid revenue of $1.42 billion, beating analyst expectations despite a slight year-over-year decline. Millicom attributed its topline growth to mobile subscriber additions and ARPU expansion in key markets. Additionally, the closure of infrastructure transactions contributed $138 million to the net profit, which reached $195 million for the quarter.
Investors were further encouraged by Millicom's declaration of an additional interim dividend of $2.5 per share, amounting to approximately $420 million. The company also reaffirmed its 2025 financial targets, aiming for equity free cash flow of around $750 million and year-end leverage below 2.5x. With a strong focus on disciplined capital allocation and operational efficiency, Millicom appears well-positioned for continued growth and value creation for its shareholders.
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