Millicom International Cellular revenue and financials

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$90.46−0.78%−$0.71

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q4 2023Q2 2023Q1 2023
Operating cash flow711590477463446348433476240397278201
Depreciation and amortization519467370316297297300304334342328331
Capital expenditure-316-169-186-159-173-132-120-121-131-215-201-228
Investing cash flow-589-1,053-435-174364-129-105-150-192-326-289-297
Financing cash flow-43392.0-15787.0-51.0-364-316-152-202-57.0-196-43.0
Dividends paid-336-125-334-125-125-170——————
Share repurchases0.00.00.00.00.0-119-33.0-5.0-27.0-5.0——
Debt issued538344474525200—60.046122.024860.015.0
Debt repaid-635-126-294-313-127-74.0-343-608-197-374-257-57.0
Effect of exchange rates1.06.04.08.0-5.0-21.0-1.0-4.01.03.01.02.0
Net change in cash-311-374-111380750-16611.0170-15316.0-206-136
Free cash flow39542129130427321631335510918277.0-27.0
Levered free cash flow—46043342347043.8228296-16226239.4-24.0