Millicom International Cellular revenue and financials

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Close · October 6, 2026

In the fiscal year ended December 2025, Millicom International Cellular reported revenue of $5.82B (+0.26% year over year). Net income was $1.32B, a net margin of 22.6%.

Annual revenue · 2025: $5.82B
  1. $4.04B2016
  2. $3.94B2017
  3. $3.95B2018
  4. $4.34B2019
  5. $3.81B2020
  6. $4.26B2021
  7. $5.62B2022
  8. $5.66B2023
  9. $5.8B2024
  10. $5.82B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+0.26%
2025 vs 2024
Net income growth
+420.16%
2025 vs 2024
Net margin
22.6%
2024: 4.4%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets20,67920,74617,25315,59015,00013,66213,73714,06714,19014,35314,51614,457
Current assets2,8033,1052,9843,1262,8342,2182,3812,7952,8312,7441,9161,889
Cash and equivalents8611,1771,5521,6631,283534699803792622775759
Receivables1,3501,307969699650656678589599638741627
Inventory10197.070.068.074.056.044.060.063.059.045.065.0
Net property, plant and equipment7,5637,4515,5724,6174,3803,8183,6393,6063,6473,8254,0033,896
Goodwill——4,265———4,094———4,107—
Other intangible assets8,7958,7183,5337,0947,0116,8432,8146,8206,8796,9533,6787,693
Long-term investments615608583527565565561610599589576589
Current liabilities5,1815,0473,3913,3653,1882,9163,1142,8842,9213,1952,3292,168
Accounts payable988862603526467441405379397373452397
Long-term debt7,7737,4906,5655,8325,5745,5485,5926,0396,2756,1756,5226,552
Total debt11,90111,7239,4718,4427,927———————
Total liabilities18,18617,57713,63312,28011,50210,30910,16310,34010,59810,84411,07110,863
Total equity (incl. minority)2,4933,1693,6203,3103,4983,3533,5743,7273,5923,5093,4453,594
Retained earnings2,2692,8913,1172,8353,0622,9542,9083,0212,8892,8172,7212,849
Minority interest38.032.0-20.0-33.0-39.0-33.0-54.0-79.0-85.0-94.0-84.0-49.0