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
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	5,819	5,804	5,661	5,624
Revenue Growth (YoY)	0.26%	2.53%	0.66%	-
Cost of Revenue	1,311	1,420	1,507	1,506
Gross Profit	4,508	4,384	4,154	4,118
Selling, General & Admin	1,758	1,915	2,043	1,890
Depreciation & Amortization Expenses	1,280	1,235	1,338	1,344
Other Operating Expenses	-170	-108	-52	-30
Total Operating Expenses	2,868	3,042	3,329	3,204
Operating Income	1,639	1,342	826	915
Interest Income	29	46	25	18
Interest Expense	-702	-716	-712	-617
Other Non-Operating Income (Expense)	698	-119	36	-78
Total Non-Operating Income (Expense)	25	-789	-651	-677
Pretax Income	1,665	552	175	238
Provision for Income Taxes	303	281	424	222
Net Income	1,316	253	-82	177
Minority Interest in Earnings	46	15	-163	-48
Earnings From Discontinued Operations	-	-3	4	113
Net Income to Common	1,316	253	-82	177
Net Income Growth	420.16%	-	-	-
Shares Outstanding (Basic)	168	171	171	139
Shares Outstanding (Diluted)	168	173	171	140
Shares Change (YoY)	-2.64%	0.68%	22.70%	-
EPS (Basic)	7.86	1.47	-0.48	1.27
EPS (Diluted)	7.83	1.46	-0.48	1.27
EPS Growth	436.30%	-	-	-
Shares Outstanding	167.09	170.24	171.73	-
Free Cash Flow	1,084	1,063	409	484
Free Cash Flow Growth	1.98%	159.90%	-15.50%	-
Free Cash Flow Per Share	6.45	6.16	2.39	3.46
Dividends Per Share	3.000	1.750	-	-
Dividend Growth	71.43%	-	-	-
Gross Margin	77.47%	75.53%	73.38%	73.22%
Operating Margin	28.17%	23.12%	14.59%	16.27%
Profit Margin	23.41%	4.67%	-4.40%	0.28%
FCF Margin	18.63%	18.32%	7.22%	8.61%
EBITDA	2,919	2,576	2,164	2,279
EBITDA Margin	50.16%	44.38%	38.23%	40.52%
EBIT	1,639	1,342	826	915
EBIT Margin	28.17%	23.12%	14.59%	16.27%
Effective Tax Rate	18.20%	50.91%	242.29%	93.28%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q