Recent Updates — MLCMF

Millicom International Cellular S.A. reported unaudited financial results for the nine-month period ended September 30, 2026. Third-quarter revenue increased 60.8% year-over-year to $2.276 billion, driven by inorganic growth from recent acquisitions including Colombia Telecomunicaciones (Coltel) and operations in Ecuador and Uruguay. Operating profit rose 54.8% to $600 million, while net profit attributable to company owners was $98 million, down from $195 million a year earlier due to acquisition-related costs and impairments. Adjusted EBITDA reached $1.09 billion, up 57.7%. The company maintained its full-year equity free cash flow guidance of approximately $1.1 billion and reported leverage of 2.53x. Millicom operates as a provider of fixed and mobile telecommunications services in emerging markets across Latin America under the Tigo brand.

Millicom International Cellular S.A. reported H1 2026 revenue of $4,164 million, up 52.3% year-over-year, driven by the consolidation of Coltel in Colombia and full-period contributions from Ecuador and Uruguay acquisitions. Net profit attributable to owners was $218 million ($1.30 per share), compared to $869 million ($5.17 per share) in H1 2025. The Board approved an interim cash dividend of $1.50 per share, distributed as two installments of $0.75 per share on January 15 and April 15, 2027. Additionally, the Annual General Meeting approved a regular annual dividend of $3.00 per share, paid in four quarterly installments of $0.75 per share. The company raised its full-year Equity Free Cash Flow guidance to approximately $1.1 billion and lowered its year-end leverage target to below 2.5x. Millicom operates as a telecommunications provider offering fixed and mobile services across Latin America.