Millicom International Cellular S.A. (TIGO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	7.2B	5.8B	5.8B	5.7B	5.6B
Cost of Revenue	2.7B	1.3B	1.4B	3.5B	1.5B
Gross Profit	4.6B	4.5B	4.4B	2.2B	4.1B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	2.2B	1.8B	1.1B	1.4B	1.1B
General & Admin Expense	—	—	553.0M	—	494.0M
Selling & Marketing Expense	—	—	525.0M	—	570.0M
Other Expenses	613.0M	1.1B	2.0B	—	2.1B
Total Operating Expenses	2.8B	2.9B	3.0B	1.4B	3.2B
Cost and Expenses	5.5B	4.2B	4.5B	4.9B	4.7B
Operating Income (EBIT)	1.7B	1.6B	1.3B	773.0M	915.0M
Non-Operating
Interest Income	46.0M	28.0M	46.0M	28.0M	18.0M
Interest Expense	907.0M	702.0M	717.0M	711.0M	617.0M
Net Interest Income	(861.0M)	(674.0M)	(671.0M)	(683.0M)	(599.0M)
Other Non-Op Income/Expense	(780.0M)	26.0M	(790.0M)	(598.0M)	(677.0M)
Non-Operating Income (excl Interest)	73.0M	101.0M	219.0M	(74.0M)	119.0M
EBT (Pre-Tax Income)	958.0M	1.7B	552.0M	175.0M	238.0M
Income Tax Expense	313.0M	303.0M	281.0M	424.0M	222.0M
Bottom Line
Net Income	665.0M	1.3B	253.0M	(82.0M)	57.0M
Earnings from Cont. Ops	645.0M	1.4B	271.0M	(249.0M)	16.0M
Earnings from Discont. Ops	1.0M	—	(3.0M)	4.0M	(7.0M)
Bottom Line Net Income	665.0M	1.3B	253.0M	(82.0M)	57.0M
Per Share
Basic EPS	$3.98	$7.86	$1.48	($0.48)	$0.41
Diluted EPS	$3.96	$7.83	$1.47	($0.48)	$0.41
Revenue Per Share	$43.15	$34.62	$33.88	$33.03	$40.45
Shares
Basic Shares Outstanding	167.7M	168.1M	171.3M	171.4M	139.0M
Diluted Shares Outstanding	168.0M	168.1M	172.6M	171.4M	139.7M
Profitability Metrics
EBITDA	3.3B	2.8B	2.4B	2.2B	2.2B
D&A	1.7B	1.3B	1.2B	1.3B	1.4B
EBIT	1.7B	1.5B	1.1B	847.0M	796.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026