In Q4 2025, Millicom reported revenue of 1652000000, up 15.7% year-over-year, with operating profit of 469000000 and net income attributable to owners of 252000000. Adjusted EBITDA reached 778000000 and equity free cash flow totaled 278000000, while leverage ended the quarter at 2.31x.

Millicom delivered solid Q3 2025 results, highlighted by record Adjusted EBITDA of $695 million and a net income of $195 million, supported by proceeds from infrastructure transactions.

Millicom reported Q2 2025 revenue of $1.372 billion, net income of $676 million including $590 million from infrastructure transactions, adjusted EBITDA of $641 million (46.7% margin), and equity free cash flow of $218 million, with net leverage down to 2.18x.

Millicom posted revenue of $1.43 billion in Q4 2024, a 3.2% year-over-year decline due to lower B2B sales in Panama. However, operating profit surged 63.4% to $373 million, driven by efficiency gains. Net income improved to $31 million from a $63 million loss in Q4 2023. Free cash flow jumped to $213 million, reflecting disciplined capital spending and lower spectrum payments.