NASDAQ$TIGO

Millicom International Cellular SA · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Millicom reported Q2 2025 revenue of $1.37 billion with strong adjusted EBITDA and net profit boosted by infrastructure transactions.

Millicom International Cellular SA delivered Q2 2025 results highlighted by $1.37 billion in revenue, record adjusted EBITDA of $641 million, and net profit of $676 million including gains from infrastructure deals. Equity free cash flow reached $218 million and leverage improved to 2.18x. The quarter benefited from one-time cash proceeds and operational efficiencies.

  • Revenue reached $1.37 billion in Q2 2025.
  • Adjusted EBITDA hit a record $641 million.
  • Net profit totaled $676 million, including ~$590 million from infrastructure transactions.
  • Equity free cash flow was $218 million with net leverage at 2.18x.

Headline financials

Total Revenue

$1.37B

No prior period
Adjusted EBITDA

$641M

No prior period
Equity free cash flow

$218M

No prior period
Net leverage ratio

2.18

No prior period
Net Income

$676M

No prior period
Operating Income

$357M

No prior period

Revenue & EPS history

Millicom · Revenue · Quarterly

$1.37B

Q2 2025
Beat estimate in 1 of 16 quarters(6%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-0.4%

Avg return

30 days after

45%

10 / 22 earnings

Positive

+14.2%

Q2 2022

Best reaction

-11.5%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q3 2025+1.6%-0.3%+2.2%
Q4 2024-2.5%-6.5%+8.4%
Q1 2024+6.8%+7.0%+14.8%
Q3 2023+4.7%+7.3%+18.2%
Q2 2023-6.5%-8.5%-9.4%
Q1 2023-6.3%-9.1%-5.9%
Q4 2022+10.5%+6.3%-1.3%
Q3 2022-3.1%+2.1%+24.6%
Q2 2022+14.2%+6.0%+9.4%
Q1 2022-7.5%-3.1%-25.4%
Q4 2021-1.9%+0.5%-14.3%
Q3 2021-3.5%-2.6%-12.4%
Q2 2021-5.8%-5.4%-10.9%
Q1 2021+2.8%+9.7%+17.2%
Q4 2020+1.0%+1.8%+7.5%
Q3 2020+2.5%+5.5%+40.4%
Q2 2020+4.3%+1.7%+5.7%
Q1 2020-11.5%-14.8%-14.5%
Q4 2019+7.3%+2.8%-32.9%
Q3 2019-8.9%-9.5%-9.0%
Q2 2019-2.7%-7.9%-14.5%
Q1 2019-1.4%-0.8%-5.7%

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