Millicom Q2 2025 Earnings Release: Strong Q2 Performance with $1.37bn Revenue and Record Adjusted EBITDA of $641m

Millicom (Tigo) reported Q2 2025 results with revenue of $1.37 billion, operating profit of $357 million, and record adjusted EBITDA of $641 million. Net profit was $676 million, including $590 million from infrastructure transactions. Equity free cash flow was $218 million, and leverage was 2.18x. The company signed an agreement to acquire Telefónica's operations in Uruguay and Ecuador and completed a partial closing of its infrastructure transaction with SBA.

Millicom International Cellular (TIGO) has reported its Q2 2025 earnings, showcasing robust financial performance and strategic advancements. The company reported revenue of $1.37 billion, operating profit of $357 million, and a record adjusted EBITDA of $641 million. Net profit was $676 million, including $590 million from infrastructure transactions. Equity free cash flow was $218 million, and leverage was 2.18x [1].

Significant highlights from the report include:
- Revenue Growth: Millicom's revenue grew by 97.5% year-over-year, driven by strong domestic and international leasing activities.
- Operating Profit: The company's operating profit increased by 1.3% to $513.2 million, reflecting the efficiency of its operations.
- Adjusted EBITDA: Millicom reported a record adjusted EBITDA of $475.5 million, up 1.8% year-over-year.
- Net Profit: Net profit of $225.7 million was bolstered by $30.4 million in currency-related gains and $66.2 million in losses from intercompany loans.
- Cash Dividend: The company declared a quarterly cash dividend of $1.11 per share, payable September 18, 2025 [2].

In addition to its strong financial performance, Millicom has made strategic moves to enhance its market position:
- Acquisition of Telefónica Operations: The company signed an agreement to acquire Telefónica's operations in Uruguay and Ecuador.
- Infrastructure Transaction with SBA: Millicom completed a partial closing of its infrastructure transaction with SBA Communications Corporation.

Millicom's Q2 2025 results demonstrate a strong performance across key financial metrics, positioning the company for continued growth in the telecommunications sector.

References:
[1] https://www.marketbeat.com/earnings/reports/2025-8-7-millicom-international-cellular-sa-stock/
[2] https://www.businesswire.com/news/home/20250804819507/en/SBA-Communications-Corporation-Reports-Second-Quarter-2025-Results-Updates-Full-Year-2025-Outlook-and-Declares-Quarterly-Cash-Dividend