Millicom International Cellular SA's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Millicom International Cellular SA reported revenue of $5.8B (+0.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $5.8B | $5.8B | $5.7B | $5.6B |
| Equipment, programming and other direct costs | ($1.3B) | ($1.4B) | ($1.5B) | ($1.5B) |
| Operating expenses | ($1.8B) | ($1.9B) | ($2.0B) | ($1.9B) |
| Depreciation | ($961.0M) | ($916.0M) | ($978.0M) | ($999.0M) |
| Amortization | ($319.0M) | ($319.0M) | ($360.0M) | ($345.0M) |
| Share of profit in joint ventures | $102.0M | $54.0M | $42.0M | $32.0M |
| Other operating income (expenses), net | $68.0M | $54.0M | $10.0M | ($2.0M) |
| Operating profit | $1.6B | $1.3B | $826.0M | $915.0M |
| Interest and other financial expenses | ($702.0M) | ($716.0M) | ($712.0M) | ($617.0M) |
| Interest and other financial income | $28.0M | $46.0M | $28.0M | $18.0M |
| Sale of Lati Operations | $741.0M | — | — | — |
| Other non-operating (expenses) income, net | ($43.0M) | ($119.0M) | $36.0M | ($78.0M) |
| Profit (loss) from other joint ventures and associates, net | $1.0M | $0 | ($3.0M) | $0 |
| Profit (loss) before taxes from continuing operations | $1.7B | $552.0M | $175.0M | $238.0M |
| Tax expense | ($303.0M) | ($281.0M) | ($424.0M) | ($222.0M) |
| Profit (loss) from continuing operations | $1.4B | $271.0M | ($249.0M) | $16.0M |
| Profit (loss) from discontinued operations, net of tax | $0 | ($3.0M) | $4.0M | $113.0M |
| Net profit (loss) for the year | $1.4B | $268.0M | ($245.0M) | $129.0M |
| Owners of the Company | $1.3B | $253.0M | ($82.0M) | $177.0M |
| Non-controlling interests | $46.0M | $15.0M | ($163.0M) | ($48.0M) |
| Basic (in dollars per share) | $7.86 | $1.47 | -$0.48 | $1.27 |
| Diluted (in dollars per share) | $7.83 | $1.46 | -$0.48 | $1.27 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Intangible assets, net | $7.8B | $6.9B | $7.8B | $7.4B |
| Property, plant and equipment, net | $3.2B | $2.8B | $3.1B | $3.0B |
| Right of use assets, net | $2.3B | $792.0M | $896.0M | $884.0M |
| Investment in Honduras joint venture | $583.0M | $561.0M | $576.0M | $590.0M |
| Contract costs, net | $26.0M | $12.0M | $12.0M | $10.0M |
| Deferred tax assets | $167.0M | $153.0M | $141.0M | $204.0M |
| Other non-current assets | $123.0M | $84.0M | $84.0M | $76.0M |
| TOTAL NON-CURRENT ASSETS | $14.3B | $11.4B | $12.6B | $12.1B |
| Inventories | $70.0M | $44.0M | $45.0M | $53.0M |
| Trade receivables, net | $527.0M | $390.0M | $443.0M | $379.0M |
| Contract assets, net | $88.0M | $77.0M | $82.0M | $77.0M |
| Amounts due from non-controlling interests, associates and joint ventures | $22.0M | $15.0M | $12.0M | $0 |
| Derivative financial instruments | $0 | $0 | $0 | $19.0M |
| Prepayments | $110.0M | $94.0M | — | — |
| Accrued income | $150.0M | $87.0M | — | — |
| Current income tax assets | $182.0M | $109.0M | $118.0M | $111.0M |
| Supplier advances for capital expenditure | $36.0M | $16.0M | $21.0M | $21.0M |
| Other current assets | $196.0M | $166.0M | $190.0M | $197.0M |
| Restricted cash | $50.0M | $57.0M | $56.0M | $57.0M |
| Cash and cash equivalents | $1.6B | $699.0M | $775.0M | $1.0B |
| TOTAL CURRENT ASSETS | $3.0B | $1.8B | $1.9B | $2.1B |
| Assets held for sale | $1.0M | $627.0M | — | — |
| TOTAL ASSETS | $17.3B | $13.7B | $14.5B | $14.2B |
| Share capital and premium | $1.3B | $1.3B | $1.3B | $1.3B |
| Treasury shares | -52.0M | -43.0M | -8.0M | -47.0M |
| Other reserves | ($689.0M) | ($531.0M) | ($500.0M) | ($559.0M) |
| Retained profits | $1.8B | $2.6B | $2.8B | $2.7B |
| Net profit for the year attributable to owners of the Company | $1.3B | $253.0M | ($82.0M) | $177.0M |
| Equity attributable to owners of the Company | $3.6B | $3.6B | $3.5B | $3.6B |
| Non-controlling interests | ($20.0M) | ($54.0M) | ($84.0M) | $29.0M |
| TOTAL EQUITY | $3.6B | $3.6B | $3.4B | $3.6B |
| Debt and financing | $6.6B | $5.5B | $6.5B | $6.6B |
| Lease liabilities | $2.3B | $798.0M | $854.0M | $853.0M |
| Derivative financial instruments | $9.0M | $59.0M | $6.0M | $53.0M |
| Amounts due to non-controlling interests, associates and joint ventures | $85.0M | $34.0M | $12.0M | — |
| Payables and accruals for capital expenditure | $758.0M | $194.0M | $885.0M | $473.0M |
| Provisions and other non-current liabilities | $390.0M | $283.0M | $330.0M | $295.0M |
| Deferred tax liabilities | $149.0M | $149.0M | $140.0M | $148.0M |
| TOTAL NON-CURRENT LIABILITIES | $10.2B | $7.0B | $8.7B | $8.4B |
| Debt and financing | $329.0M | $282.0M | $221.0M | $180.0M |
| Lease liabilities | $293.0M | $156.0M | $189.0M | $163.0M |
| Derivative financial instruments | $14.0M | — | $46.0M | — |
| Payables and accruals for capital expenditure | $440.0M | $305.0M | $314.0M | $428.0M |
| Other trade payables | $491.0M | $300.0M | $390.0M | $400.0M |
| Amounts due to non-controlling interests, associates and joint ventures | $112.0M | $105.0M | $62.0M | $58.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Profit before taxes from continuing operations | $1.7B | $552.0M | $175.0M | $238.0M |
| Profit before taxes from discontinued operations | $0 | ($3.0M) | $4.0M | $116.0M |
| Profit before taxes | $1.7B | $549.0M | $179.0M | $354.0M |
| Interest expense on leases | $182.0M | $122.0M | $117.0M | $131.0M |
| Interest expense on debt and other financing | $519.0M | $594.0M | $595.0M | $497.0M |
| Interest and other financial income | ($28.0M) | ($46.0M) | ($28.0M) | ($18.0M) |
| Depreciation and amortization | $1.3B | $1.2B | $1.3B | $1.4B |
| Share of profit in joint ventures | ($102.0M) | ($54.0M) | ($42.0M) | ($32.0M) |
| Gain on disposal and impairment of assets, net | ($68.0M) | ($54.0M) | ($10.0M) | ($122.0M) |
| Sale of Lati Operations | ($741.0M) | — | — | — |
| Share-based compensation | $14.0M | $50.0M | $52.0M | $29.0M |
| Loss from other associates and joint ventures, net | ($1.0M) | $0 | $3.0M | $0 |
| Other non-operating (income) expenses, net | $43.0M | $119.0M | ($36.0M) | $77.0M |
| Decrease (increase) in trade receivables, prepayments and other current assets, net | ($228.0M) | $36.0M | ($245.0M) | ($104.0M) |
| Decrease (increase) in inventories | ($17.0M) | $0 | $11.0M | $5.0M |
| Increase (decrease) in trade and other payables, net | $89.0M | ($92.0M) | $47.0M | ($37.0M) |
| Changes in contract assets, liabilities and costs, net | $18.0M | ($42.0M) | $65.0M | ($14.0M) |
| Total changes in working capital | ($137.0M) | ($97.0M) | ($123.0M) | ($151.0M) |
| Interest paid on leases | ($176.0M) | ($120.0M) | ($115.0M) | ($128.0M) |
| Interest paid on debt and other financing | ($409.0M) | ($499.0M) | ($505.0M) | ($411.0M) |
| Interest received | $27.0M | $43.0M | $31.0M | $8.0M |
| Taxes paid | ($335.0M) | ($239.0M) | ($233.0M) | ($316.0M) |
| Net cash provided by operating activities | $1.7B | $1.6B | $1.2B | $1.3B |
| Acquisition of subsidiaries, joint ventures and associates, net of cash acquired | ($545.0M) | $0 | $0 | ($283.0M) |
| Net proceeds from the disposal of subsidiaries and associates | $781.0M | $5.0M | $0 | $152.0M |
| Purchase of spectrum and licenses | ($73.0M) | ($135.0M) | ($236.0M) | ($93.0M) |
| Purchase of other intangible assets | ($91.0M) | ($94.0M) | ($133.0M) | ($179.0M) |
| Purchase of property, plant and equipment | ($650.0M) | ($540.0M) | ($814.0M) | ($800.0M) |
| Proceeds from sale of property, plant and equipment | $84.0M | $58.0M | $17.0M | $21.0M |
| Dividends and dividend advances received from joint ventures and associates | $99.0M | $66.0M | $63.0M | $10.0M |
| Settlement of derivative financial instruments | $0 | $9.0M | ($26.0M) | $11.0M |
| Transfer (to) / from pledge deposits, net | $0 | $5.0M | ($6.0M) | $33.0M |
| Loans granted within the Tigo Money lending activity, net | ($1.0M) | ($2.0M) | ($4.0M) | ($3.0M) |
| Cash (used in) provided by other investing activities, net | $22.0M | $25.0M | $24.0M | $25.0M |
| Net cash provided by (used in) investing activities | ($374.0M) | ($604.0M) | ($1.1B) | ($1.1B) |
| Proceeds from debt and other financing | $1.2B | $604.0M | $362.0M | $1.6B |
| Repayment of debt and other financing | ($599.0M) | ($1.4B) | ($632.0M) | ($2.1B) |
| Lease capital repayment | ($209.0M) | ($204.0M) | ($177.0M) | ($157.0M) |
| Capital injection in subsidiary (Non-controlling interests' portion) | $0 | $0 | $74.0M | — |
| Advances and dividends paid to non-controlling interests | ($2.0M) | $0 | $0 | ($4.0M) |
| Share repurchase program | -119.0M | -99.0M | -5.0M | 0 |
| Dividends paid to owners of the Company | ($754.0M) | — | — | $0 |
| Net cash from (used in) financing activities | ($485.0M) | ($1.1B) | ($377.0M) | ($1.0M) |
| Exchange impact on cash and cash equivalents, net | ($14.0M) | ($8.0M) | $6.0M | ($11.0M) |
| Net increase (decrease) in cash and cash equivalents | $861.0M | ($76.0M) | ($264.0M) | $168.0M |
Millicom International Cellular SA score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.