Millicom posts Q4 revenue of USD 1.7 billion, up 15.7%

Reuters02-26
Millicom posts Q4 revenue of USD 1.7 billion, up 15.7%

Millicom (Tigo) reported Q4 2025 revenue of USD 1.7 billion, up 15.7%, with operating profit of USD 469 million, up 25.7%, and adjusted EBITDA of USD 778 million, up 25.9%. Net profit attributable to company owners was USD 252 million, compared with USD 31 million a year earlier, while equity free cash flow was USD 278 million, up 17.9%; capex totaled USD 272 million, up 3.2%, and operating cash flow was USD 506 million, up 42.8%. Service revenue was USD 1.5 billion, up 15.9% (organic growth 5.2%), and leverage stood at 2.31x including Uruguay and Ecuador profitability since acquisition. For FY 2025, Millicom (Tigo) posted revenue of USD 5.8 billion, up 0.2% (organic growth 2.0%), operating profit of USD 1.6 billion, up 22.2%, and adjusted EBITDA of USD 2.7 billion, up 11.4%. Net profit attributable to company owners was USD 1.3 billion, including approximately USD 727 million net profit from the closure of infrastructure transactions, and equity free cash flow was USD 916 million, up 17.9%. Management highlighted continued migration from prepaid to postpaid, fixed-mobile convergence, and integration of the expanded footprint in Ecuador and Uruguay, as well as completion of the Lati tower sale for total consideration of approximately USD 975 million and a settlement with the DOJ. For 2026, Millicom (Tigo) targets equity free cash flow of at least USD 900 million and year-end leverage around 2.5x. Subsequent events included the closing of the acquisition of EPM’s remaining shares in UNE (Tigo Colombia) for approximately USD 571 million, the closing of Telefónica’s 67.5% stake in Coltel for approximately USD 214 million, and the acquisition of Telefónica Móviles Chile for USD 50 million in cash with contingent earn-outs up to USD 150 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Millicom International Cellular SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602260600OMX_____CNEWS_EN_GNW1001166832_en) on February 26, 2026, and is solely responsible for the information contained therein.

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