Millicom Q3 revenue beats estimates on mobile subscriber additions

Overview

• Millicom Q3 2025 revenue beats analyst expectations despite 0.7% yr/yr decline

• Record Adjusted EBITDA of $695 mln, reflecting strong operational performance

• Company declares additional interim dividend of $2.5 per share, totaling $420 mln

Outlook

• Millicom targets 2025 EFCF of around $750 mln

• Company aims for year-end leverage below 2.5x in 2025

• Targets reflect savings from efficiency measures and lower restructuring costs

Result Drivers

• MOBILE SUBSCRIBER ADDITIONS - Co attributes topline growth to mobile subscriber additions and ARPU expansion

• INFRASTRUCTURE TRANSACTIONS - Closure of infrastructure transactions contributed $138 mln to net profit

• CAPITAL ALLOCATION - Disciplined capital allocation and efficiency measures supported cash flow and leverage improvements

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the wireless telecommunications services peer group is "buy"

• Wall Street's median 12-month price target for Millicom International Cellular SA is $48.00, about 4.1% above its November 5 closing price of $46.03

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNE1bxWW4

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)