Millicom International Cellular SA income statement

In fiscal 2025, Millicom International Cellular SA reported revenue of $5.82bn, up 0.3% on the year before, operating income of $1.64bn (a 28.2% margin) and net income of $1.32bn, or $7.83 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Millicom International Cellular SA: income statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	4,043	3,936	3,946	4,336	3,805	4,261	5,624	5,661	5,804	5,819
Cost of revenue	1,175	1,169	1,117	1,201	1,060	1,197	1,506	1,507	1,420	1,311
Gross profit	2,868	2,767	2,829	3,135	2,745	3,063	4,118	4,154	4,384	4,508
Operating income	490	632	640	575	402	619	915	826	1,342	1,639
Interest expense	262	311	325	505	481	442	558	594	571	589
Income before tax	109	172	119	218	−252	728	238	175	552	1,665
Income tax	179	162	112	120	72	158	222	424	281	303
Net income	−32	87	−10	149	−344	590	177	−82	253	1,316
Diluted EPS	−$0.32	$0.86	−$0.10	$1.48	−$2.67	$4.57	$1.27	−$0.48	$1.46	$7.83
Diluted shares (average)	100m	100m	101m	101m	129m	129m	140m	171m	173m	168m
EBITDA	1,343	1,444	1,443	1,675	1,521	1,733	2,259	2,164	2,577	2,919

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Millicom International Cellular SA's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Millicom International Cellular SA.