Millicom International Cellular S.A. (TIGO)

TIGO Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	5,819	5,804	5,661	5,624	4,261
Revenue Growth (YoY)	0.26%	2.53%	0.66%	31.99%	11.98%
Cost of Revenue	1,311	1,420	1,507	1,506	1,197
Gross Profit	4,508	4,384	4,154	4,118	3,064
Selling, General & Admin	1,738	1,800	1,956	1,890	1,546
Amortization of Goodwill & Intangibles	319	319	360	345	310
Other Operating Expenses	-20	-2	-2	-2	-6
Operating Expenses	2,998	3,033	3,292	3,232	2,654
Operating Income	1,510	1,351	862	886	410
Interest Expense	-589	-571	-594	-558	-442
Interest & Investment Income	28	38	12	18	8
Earnings From Equity Investments	103	54	39	32	170
Currency Exchange Gain (Loss)	71	-43	31	-84	-42
Other Non Operating Income (Expenses)	-227	-126	-95	-46	-73
EBT Excluding Unusual Items	896	703	255	248	31
Merger & Restructuring Charges	-20	-115	-87	-	-
Gain (Loss) on Sale of Investments	-	5	-	-6	673
Gain (Loss) on Sale of Assets	777	23	6	1	5
Asset Writedown	-3	-12	-3	-7	-6
Legal Settlements	-	-88	-	-	-
Other Unusual Items	15	36	4	2	25
Pretax Income	1,665	552	175	238	728
Income Tax Expense	303	281	424	222	158
Earnings From Continuing Operations	1,362	271	-249	16	570
Earnings From Discontinued Operations	-	-3	4	113	-28
Net Income to Company	1,362	268	-245	129	542
Minority Interest in Earnings	-46	-15	163	48	48
Net Income	1,316	253	-82	177	590
Net Income to Common	1,316	253	-82	177	590
Net Income Growth	420.16%	-	-	-70.00%	-
Shares Outstanding (Basic)	168	171	171	139	101
Shares Outstanding (Diluted)	168	173	171	140	101
Shares Change (YoY)	-2.64%	0.68%	22.70%	38.13%	-0.04%
EPS (Basic)	7.85	1.48	-0.48	1.27	5.83
EPS (Diluted)	7.83	1.46	-0.48	1.27	5.83
EPS Growth	435.34%	-	-	-78.25%	-
Free Cash Flow	1,084	1,063	409	484	216
Free Cash Flow Per Share	6.45	6.16	2.39	3.46	2.14
Dividend Per Share	3.000	1.750	-	-	-
Dividend Growth	71.43%	-	-	-	-
Gross Margin	77.47%	75.53%	73.38%	73.22%	71.91%
Operating Margin	25.95%	23.28%	15.23%	15.75%	9.62%
Profit Margin	22.62%	4.36%	-1.45%	3.15%	13.85%
Free Cash Flow Margin	18.63%	18.32%	7.22%	8.61%	5.07%
EBITDA	2,541	2,381	2,200	2,229	1,523
EBITDA Margin	43.67%	41.02%	38.86%	39.63%	35.74%
D&A For EBITDA	1,031	1,030	1,338	1,343	1,113
EBIT	1,510	1,351	862	886	410
EBIT Margin	25.95%	23.28%	15.23%	15.75%	9.62%
Effective Tax Rate	18.20%	50.91%	242.29%	93.28%	21.70%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q