Millicom (Tigo) Q2 2025 Earnings Release
Millicom (NASDAQ:TIGO) reported strong Q2 2025 results with revenue of $1.37 billion and record Adjusted EBITDA of $641 million. The company achieved a significant net profit of $676 million, largely driven by approximately $590 million from infrastructure transactions.
Key highlights include $218 million in equity free cash flow and leverage reduction to 2.18x, supported by $542 million in infrastructure transaction proceeds. The company announced strategic expansion through the acquisition of Telef贸nica's operations in Uruguay and Ecuador, and approved a special interim dividend of $2.50 per share.
Millicom maintains its 2025 targets of $750 million in equity free cash flow and year-end leverage below 2.5x, reflecting efficiency savings and lower restructuring costs, while accounting for weaker projected forex rates.
Millicom (NASDAQ:TIGO) ha riportato risultati solidi nel secondo trimestre 2025 con ricavi per 1,37 miliardi di dollari e un record di EBITDA rettificato di 641 milioni di dollari. L'azienda ha conseguito un significativo utile netto di 676 milioni di dollari, principalmente grazie a circa 590 milioni derivanti da operazioni infrastrutturali.
I punti salienti includono un flusso di cassa libero da equity di 218 milioni di dollari e una riduzione della leva finanziaria a 2,18x, supportata da 542 milioni di dollari provenienti dalle transazioni infrastrutturali. La societ脿 ha annunciato un'espansione strategica con l'acquisizione delle operazioni di Telef贸nica in Uruguay ed Ecuador, e ha approvato un dividendo speciale intermedio di 2,50 dollari per azione.
Millicom conferma gli obiettivi per il 2025 di 750 milioni di dollari in flusso di cassa libero da equity e una leva finanziaria a fine anno inferiore a 2,5x, riflettendo risparmi di efficienza e costi di ristrutturazione pi霉 bassi, pur tenendo conto di previsioni di tassi di cambio pi霉 deboli.
Millicom (NASDAQ:TIGO) report贸 s贸lidos resultados en el segundo trimestre de 2025 con ingresos de $1.37 mil millones y un EBITDA ajustado r茅cord de $641 millones. La compa帽铆a logr贸 un significativo beneficio neto de $676 millones, impulsado principalmente por aproximadamente $590 millones provenientes de transacciones de infraestructura.
Los aspectos destacados incluyen un flujo de caja libre de capital de $218 millones y una reducci贸n del apalancamiento a 2.18x, apoyada por $542 millones en ingresos por transacciones de infraestructura. La empresa anunci贸 una expansi贸n estrat茅gica mediante la adquisici贸n de las operaciones de Telef贸nica en Uruguay y Ecuador, y aprob贸 un dividendo especial intermedio de $2.50 por acci贸n.
Millicom mantiene sus objetivos para 2025 de $750 millones en flujo de caja libre de capital y un apalancamiento a fin de a帽o inferior a 2.5x, reflejando ahorros en eficiencia y menores costos de reestructuraci贸n, mientras considera proyecciones de tipos de cambio m谩s d茅biles.
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Millicom (NASDAQ:TIGO) a publi茅 d'excellents r茅sultats pour le deuxi猫me trimestre 2025 avec un chiffre d'affaires de 1,37 milliard de dollars et un EBITDA ajust茅 record de 641 millions de dollars. La soci茅t茅 a r茅alis茅 un b茅n茅fice net significatif de 676 millions de dollars, principalement gr芒ce 脿 environ 590 millions provenant de transactions d'infrastructures.
Les points cl茅s incluent un flux de tr茅sorerie disponible en capitaux propres de 218 millions de dollars et une r茅duction de l'endettement 脿 2,18x, soutenue par 542 millions de dollars issus des transactions d'infrastructures. La soci茅t茅 a annonc茅 une expansion strat茅gique via l'acquisition des op茅rations de Telef贸nica en Uruguay et en 脡quateur, et a approuv茅 un dividende exceptionnel int茅rimaire de 2,50 dollars par action.
Millicom maintient ses objectifs pour 2025 avec un flux de tr茅sorerie disponible en capitaux propres de 750 millions de dollars et un endettement en fin d'ann茅e inf茅rieur 脿 2,5x, refl茅tant des 茅conomies d'efficacit茅 et des co没ts de restructuration r茅duits, tout en tenant compte de pr茅visions de taux de change plus faibles.
Millicom (NASDAQ:TIGO) meldete starke Ergebnisse f眉r das zweite Quartal 2025 mit einem Umsatz von 1,37 Milliarden US-Dollar und einem Rekord-Adjusted-EBITDA von 641 Millionen US-Dollar. Das Unternehmen erzielte einen bedeutenden Netto-Gewinn von 676 Millionen US-Dollar, der haupts盲chlich durch etwa 590 Millionen US-Dollar aus Infrastrukturtransaktionen getrieben wurde.
Zu den wichtigsten Highlights z盲hlen ein Eigenkapitalfreier Cashflow von 218 Millionen US-Dollar und eine Reduzierung der Verschuldung auf 2,18x, unterst眉tzt durch 542 Millionen US-Dollar aus Infrastrukturtransaktionen. Das Unternehmen k眉ndigte eine strategische Expansion durch den Erwerb der Telef贸nica-Gesch盲fte in Uruguay und Ecuador an und genehmigte eine Sonderdividende von 2,50 US-Dollar pro Aktie.
Millicom h盲lt an seinen Zielen f眉r 2025 fest: 750 Millionen US-Dollar Eigenkapitalfreier Cashflow und eine Verschuldung unter 2,5x zum Jahresende, was Effizienzgewinne und geringere Restrukturierungskosten widerspiegelt, w盲hrend schw盲chere prognostizierte Wechselkurse ber眉cksichtigt werden.
- Record Adjusted EBITDA margin of 46.7%, with nearly half of operations above 50%
- Strong net profit of $676 million, including $590 million from infrastructure transactions
- Strategic expansion through acquisition of Telef贸nica's operations in Uruguay and Ecuador
- Special interim dividend of $2.50 per share announced
- Organic service revenue growth of 2.4% year-over-year
- Operating profit increased by 3.4% to $357 million
- Revenue declined 5.9% year-over-year to $1.37 billion
- Equity free cash flow decreased 18.8% to $218 million compared to Q2 2024
- Operating Cash Flow (OCF) declined 2.6% to $487 million
- Capex increased 15.1% to $155 million
Insights
Tigo delivered strong Q2 results with record EBITDA margins and substantial net profit boosted by infrastructure transactions, supporting a special dividend of $2.50/share.
Millicom's Q2 2025 results showcase a company successfully executing its strategic transformation while delivering solid operational performance. The headline
The core business demonstrates strength with record Adjusted EBITDA of
Equity free cash flow (EFCF) of
The
The leverage ratio of 2.18x benefits from infrastructure transaction proceeds but remains below the year-end target of 2.5x, providing flexibility for strategic moves such as the announced acquisition of Telef贸nica's operations in Uruguay and Ecuador, which will further strengthen Tigo's Latin American footprint.
Capital expenditures increased
Millicom (Tigo) Q2 2025 Earnings Release
Luxembourg, August 7, 2025 鈥� 听is pleased to announce its second quarter 2025 results. Please find below links to the Q2 2025 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.
Q2 2025 Highlights*
- Revenue
$1.37 billion
- Operating profit
$357 million , and record Adjusted EBITDA$641 million
- Net profit
$676 million , including approximately$590 million net profit from infrastructure transactions
- Equity free cash flow
$218 million
- Leverage of 2.18x, benefiting from one-time cash proceeds of
$542 million from infrastructure transactions
| Financial highlights ($ millions) | Q2 2025 | Q2 2024 | Change % | Organic % Change | H1 2025 | H1 2024 | Change % | Organic % Change |
| Revenue | 1,372 | 1,458 | (5.9)% | | 2,746 | 2,945 | (6.8)% | |
| Operating Profit | 357 | 345 | | 听 | 780 | 669 | | 听 |
| Net Profit | 676 | 78 | NM | 听 | 869 | 170 | NM | 听 |
| Non-IFRS measures (*) | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Service Revenue | 1,282 | 1,362 | (5.9)% | | 2,567 | 2,738 | (6.3)% | |
| Adjusted EBITDA | 641 | 634 | | | 1,277 | 1,266 | | |
| Capex | 155 | 134 | | 听 | 286 | 247 | | 听 |
| Operating Cash Flow (OCF) | 487 | 500 | (2.6)% | 听 | 990 | 1,018 | (2.8)% | 听 |
| Equity free cash flow (EFCF) | 218 | 268 | (18.8)% | 听 | 395 | 269 | | 听 |
听听听听听听听听听 *See page 10 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures.
Millicom Chief Executive Officer Marcelo Benitez commented:
"The second quarter was marked by strong and deliberate execution of our strategy. We signed an agreement to acquire Telef贸nica鈥檚 operations in Uruguay and Ecuador, and we completed the partial closing of our infrastructure transaction with SBA, which unlocked over
2025 Financial Targets
Millicom continues to target 2025 EFCF of around
Subsequent Events
On August 6, 2025, Millicom's Board approved a special interim dividend of
鈥�
鈥�
Millicom is planning to host a听video conference听for the global financial community on August 7, 2025, at 14:00 pm (Stockholm) / 13:00 (London) / 08:00 (Miami).
Registration for the interactive event is required at the following听. After registering, you will receive a confirmation email containing details about joining the video conference. Participants who wish to ask a question during the live event must notify the Investor Relations team via email to听听after the start of the event.
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About Millicom
Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO庐 and Tigo Business庐 brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, highspeed data, voice, and business-to-business solutions such as cloud and security. As of June 30, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.
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