Millicom International Cellular S.A. (TIGO) — Financial statements
Income statement, balance sheet, and cash flow for Millicom International Cellular S.A. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,819↑0.3% | 5,804↑2.5% | 5,661↑0.7% | 5,624↑32.0% | 4,261 | |
| Cost of Revenue | 1,311↓7.7% | 1,420↓58.9% | 3,459↑129.7% | 1,506↓45.9% | 2,785 | |
| Gross Profit | 4,508↑2.8% | 4,384↑99.1% | 2,202↓46.5% | 4,118↑179.0% | 1,476 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 553 | 0.00↓100.0% | 494 | 0.00 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 525 | 0.00↓100.0% | 570 | 0.00 | |
| SG&A Expenses | 1,758↑63.1% | 1,078↓24.6% | 1,429↑34.3% | 1,064↓0.7% | 1,072 | |
| Other Expenses | 1,111↓43.4% | 1,964 | 0.00↓100.0% | 2,139 | 0.00 | |
| Operating Expenses | 2,869↓5.7% | 3,042↑112.9% | 1,429↓55.4% | 3,203↑198.8% | 1,072 | |
| Total Costs & Expenses | 4,180↓6.3% | 4,462↓8.7% | 4,888↑3.8% | 4,709↑22.1% | 3,857 | |
| Operating Results | ||||||
| Operating Income | 1,639↑22.1% | 1,342↑73.6% | 773↓15.5% | 915↑126.5% | 404 | |
| Depreciation & Amortization | 1,280↑3.6% | 1,235↓7.7% | 1,338↓1.9% | 1,364↑22.4% | 1,114 | |
| EBITDA | 2,818↑19.5% | 2,358↑7.9% | 2,185↑1.2% | 2,160↓0.0% | 2,161 | |
| EBIT | 1,538↑37.0% | 1,123↑32.6% | 847↑6.4% | 796↓24.0% | 1,047 | |
| Interest & Other Income | ||||||
| Net Interest Income | -674↓28.4% | -525↑23.2% | -684↓14.2% | -599↓28.5% | -466 | |
| Interest Income | 0.00↓100.0% | 46↑64.3% | 28↑55.6% | 18↓21.7% | 23 | |
| Interest Expense | 0.00↓100.0% | 571↓19.7% | 711↑15.2% | 617↑26.2% | 489 | |
| Non-Operating Income | 101↓53.9% | 219↑395.9% | -74↓162.2% | 119↑118.5% | -643 | |
| Other Income / Expenses | 26↑103.3% | -790↓32.1% | -598↑11.7% | -677↓309.0% | 324 | |
| Income Before Tax | 1,665↑201.6% | 552↑215.4% | 175↓26.5% | 238↓67.3% | 728 | |
| Income Tax Expense | 303↑7.8% | 281↓33.7% | 424↑91.0% | 222↑40.5% | 158 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,362↑402.6% | 271↑208.8% | -249↓1656.3% | 16↓97.2% | 570 | |
| Net Income from Discontinued Operations | 0.00↑100.0% | -3↓175.0% | 4↑157.1% | -7↑75.0% | -28 | |
| Net Income | 1,316↑420.2% | 253↑408.5% | -82↓243.9% | 57↓90.3% | 590 | |
| Bottom-Line Net Income | 1,316↑420.2% | 253↑408.5% | -82↓243.9% | 57↓90.3% | 590 | |
| EPS (Basic) | 7.86↑431.1% | 1.48↑409.4% | -0.48↓216.7% | 0.41↓88.6% | 3.60 | |
| EPS (Diluted) | 7.83↑432.7% | 1.47↑407.3% | -0.48↓217.2% | 0.41↓88.6% | 3.59 | |
| Weighted Average Shares | 168↓1.9% | 171↓0.0% | 171↑23.3% | 139↓15.1% | 164 | |
| Weighted Average Diluted Shares | 168↓2.6% | 173↑0.7% | 171↑22.7% | 140↓15.1% | 164 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.