Millicom International Cellular S.A. (TIGO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.98B | 1.65B | 1.42B | 1.37B | 1.37B | 1.43B | 1.43B | 1.46B | 1.49B | 1.48B | 1.42B | 1.39B | 1.37B | 1.38B | 1.39B | 1.45B | 1.41B | 1.25B | 1.01B | 1B |
| Revenue Growth % | 44.47% | 15.69% | -0.77% | -5.9% | -7.6% | -3.19% | 0.49% | 4.67% | 8.62% | 6.81% | 2.59% | -3.73% | -2.77% | 10.04% | 37.97% | 44.56% | 40.94% | 15.35% | -1.95% | 3.2% |
| Cost of Goods Sold | 946M | 367M | 313M | 316M | 613M | 344M | 641M | 658M | 716M | 734M | 700M | 708M | 703M | 695M | 369M | 737M | 707M | 644M | 536M | 550M |
| COGS % of Revenue | 47.66% | 22.22% | 22.04% | 23.03% | 44.61% | 24.09% | 44.79% | 45.13% | 48.15% | 49.76% | 49.16% | 50.83% | 51.35% | 50.33% | 26.58% | 50.93% | 50.21% | 51.31% | 53.28% | 54.95% |
| Gross Profit | 1.04B | 1.28B | 1.11B | 1.06B | 761M | 1.08B | 790M | 800M | 771M | 741M | 724M | 685M | 666M | 686M | 1.02B | 710M | 701M | 611M | 470M | 451M |
| Gross Margin % | 52.34% | 77.78% | 77.96% | 76.97% | 55.39% | 75.91% | 55.21% | 54.87% | 51.85% | 50.24% | 50.84% | 49.17% | 48.65% | 49.67% | 73.41% | 49.07% | 49.79% | 48.69% | 46.72% | 45.05% |
| Gross Profit Growth % | 36.53% | 18.54% | 40.13% | 32% | -1.3% | 46.29% | 9.12% | 16.79% | 15.77% | 8.02% | -28.95% | -3.52% | -4.99% | 12.28% | 116.81% | 57.43% | 67.3% | 22.2% | 8.05% | 22.22% |
| Operating Expenses | 650M | 816M | 717M | 699M | 423M | 710M | 504M | 471M | 473M | 527M | 528M | 498M | 490M | 462M | 823M | 475M | 474M | 447M | 367M | 373M |
| OpEx % of Revenue | 32.75% | 49.39% | 50.49% | 50.95% | 30.79% | 49.72% | 35.22% | 32.3% | 31.81% | 35.73% | 37.08% | 35.75% | 35.79% | 33.45% | 59.29% | 32.83% | 33.66% | 35.62% | 36.48% | 37.26% |
| Selling, General & Admin | 650M | 508M | 412M | 416M | 423M | 0 | 504M | 471M | 473M | 527M | 528M | 498M | 490M | 462M | 0 | 475M | 474M | 447M | 367M | 373M |
| SG&A % of Revenue | 32.75% | 30.75% | 29.01% | 30.32% | 30.79% | - | 35.22% | 32.3% | 31.81% | 35.73% | 37.08% | 35.75% | 35.79% | 33.45% | - | 32.83% | 33.66% | 35.62% | 36.48% | 37.26% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 389M | 469M | 390M | 357M | 338M | 374M | 286M | 329M | 298M | 214M | 196M | 187M | 176M | 224M | 196M | 235M | 227M | 164M | 103M | 78M |
| Operating Margin % | 19.6% | 28.39% | 27.46% | 26.02% | 24.6% | 26.19% | 19.99% | 22.57% | 20.04% | 14.51% | 13.76% | 13.42% | 12.86% | 16.22% | 14.12% | 16.24% | 16.12% | 13.07% | 10.24% | 7.79% |
| Operating Income Growth % | 15.09% | 25.4% | 36.36% | 8.51% | 13.42% | 74.77% | 45.92% | 75.94% | 69.32% | -4.46% | 0% | -20.43% | -22.47% | 36.59% | 90.29% | 201.28% | 284.75% | 72.63% | 56.06% | 100% |
| EBITDA | 856M | 839M | 706M | 654M | 635M | 672M | 586M | 634M | 632M | 556M | 533M | 515M | 507M | 547M | 538M | 577M | 564M | 462M | 351M | 343M |
| EBITDA Margin % | 43.12% | 50.79% | 49.72% | 47.67% | 46.22% | 47.06% | 40.95% | 43.48% | 42.5% | 37.69% | 37.43% | 36.97% | 37.03% | 39.61% | 38.76% | 39.88% | 40.06% | 36.81% | 34.89% | 34.27% |
| EBITDA Growth % | 34.8% | 24.85% | 20.48% | 3.15% | 0.47% | 20.86% | 9.94% | 23.11% | 24.65% | 1.65% | -0.93% | -10.75% | -10.11% | 18.4% | 53.28% | 68.22% | 55.8% | 15.79% | -5.39% | 0% |
| D&A (Non-Cash Add-back) | 467M | 370M | 316M | 297M | 297M | 298M | 300M | 305M | 334M | 342M | 337M | 328M | 331M | 323M | 342M | 342M | 337M | 298M | 248M | 265M |
| EBIT | 389M | 311M | 462M | 909M | 441M | 254M | 285M | 337M | 323M | 237M | 207M | 199M | 202M | 204M | 142M | 226M | 233M | 837M | 130M | -16M |
| Net Interest Income | -238M | -182M | -162M | -168M | -162M | -128M | -132M | -136M | -164M | -168M | -176M | -173M | -165M | -136M | -157M | -164M | -141M | -129M | -99M | -115M |
| Interest Income | 10M | 0 | 11M | 2M | 2M | 6M | 9M | 12M | 19M | 14M | 6M | 4M | 5M | 11M | 3M | 2M | 2M | 1M | 17M | 2M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 154M | 311M | 289M | 774M | 290M | 120M | 123M | 156M | 153M | 66M | 36M | 33M | 39M | 64M | 4M | 71M | 99M | 731M | 35M | -68M |
| Pretax Margin % | 7.76% | 18.83% | 20.35% | 56.41% | 21.11% | 8.4% | 8.6% | 10.7% | 10.29% | 4.47% | 2.53% | 2.37% | 2.85% | 4.63% | 0.29% | 4.91% | 7.03% | 58.25% | 3.48% | -6.79% |
| Income Tax | 79M | 45M | 85M | 101M | 71M | 67M | 66M | 78M | 71M | 223M | 61M | 81M | 59M | 22M | 53M | 77M | 70M | 92M | 12M | 33M |
| Effective Tax Rate % | 51.3% | 14.47% | 29.41% | 13.05% | 24.48% | 55.83% | 53.66% | 50% | 46.41% | 337.88% | 169.44% | 245.45% | 151.28% | 34.38% | 1325% | 108.45% | 70.71% | 12.59% | 34.29% | -48.53% |
| Net Income | 109M | 252M | 195M | 676M | 193M | 32M | 51M | 78M | 92M | -63M | -1M | -22M | 3M | 57M | -31M | 9M | 23M | 643M | 5M | -100M |
| Net Margin % | 5.49% | 15.25% | 13.73% | 49.27% | 14.05% | 2.24% | 3.56% | 5.35% | 6.19% | -4.27% | -0.07% | -1.58% | 0.22% | 4.13% | -2.23% | 0.62% | 1.63% | 51.24% | 0.5% | -9.99% |
| Net Income Growth % | -43.52% | 687.5% | 282.35% | 766.67% | 109.78% | 150.79% | 5200% | 454.55% | 2966.67% | -210.53% | 96.77% | -344.44% | -86.96% | -91.14% | -720% | 109% | -45.24% | 1248.21% | 109.8% | 13.04% |
| Net Income (Continuing) | 75M | 266M | 204M | 673M | 219M | 53M | 57M | 78M | 82M | -157M | -25M | -48M | -20M | 42M | -49M | -6M | 29M | 639M | 23M | -101M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Minority Interest | 32M | -20M | -33M | -39M | -33M | -54M | -79M | -85M | -94M | -84M | -49M | -27M | 4M | 29M | 43M | 60M | 158M | 157M | 179M | 181M |
| EPS (Diluted) | 0.65 | 1.50 | 1.16 | 4.03 | 1.14 | 0.18 | 0.30 | 0.45 | 0.53 | -0.37 | 0.00 | -0.13 | 0.02 | 0.33 | -0.19 | 0.08 | 0.18 | 3.91 | 0.03 | -0.61 |
| EPS Growth % | -42.76% | 735.65% | 292.69% | 793.37% | 112.6% | 148.94% | - | 451.32% | 2952% | -210.35% | 100% | -262.53% | -90.26% | -91.5% | -718.15% | 112.99% | -44.78% | 1000.09% | 107.66% | 31.87% |
| EPS (Basic) | 0.65 | 1.51 | 1.17 | 4.05 | 1.14 | 0.18 | 0.30 | 0.46 | 0.54 | -0.37 | 0.00 | -0.13 | 0.02 | 0.33 | -0.19 | 0.08 | 0.18 | 5.04 | 0.03 | -0.61 |
| Diluted Shares Outstanding | 167.53M | 168M | 168.1M | 167.63M | 169.97M | 172.71M | 172.65M | 172.9M | 172.26M | 171.77M | 173.24M | 171.29M | 170.91M | 171.47M | 170.87M | 113.96M | 127.96M | 164.45M | 164.84M | 164.44M |
| Basic Shares Outstanding | 167.25M | 168M | 168.1M | 166.88M | 169.24M | 171.26M | 171.34M | 171.3M | 171.35M | 171.77M | 171.61M | 171.29M | 170.91M | 170.88M | 170.87M | 113.49M | 127.96M | 127.63M | 164.12M | 164.44M |
| Dividend Payout Ratio | 114.68% | 132.54% | 64.1% | 18.49% | 88.08% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |