Millicom Reports $252 Million Q4 Net Profit, Revenue Up 15.4%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy TIGO?
Source: seekingalpha
- Strong Financial Performance: Millicom International Cellular reported a Q4 net profit of $252 million, indicating a significant year-over-year increase that showcases the company's robust market performance and improved profitability.
- Significant Revenue Growth: The company achieved Q4 revenue of $1.65 billion, reflecting a 15.4% year-over-year increase and surpassing market expectations by $110 million, highlighting strong demand in the Latin American market and effective business strategies.
- Infrastructure Restructuring Advantage: Millicom's consolidation efforts in Colombia have successfully led to a re-rating of its infrastructure, enhancing its competitive position in the market and laying a solid foundation for future growth.
- Cash Flow Rerating Begins: After years of undervaluation, Millicom's cash flow rerating has commenced, signaling a recovery in the company's financial health and restoring investor confidence moving forward.
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Analyst Views on TIGO
Wall Street analysts forecast TIGO stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 72.020
Low
46.80
Averages
54.90
High
63.00
Current: 72.020
Low
46.80
Averages
54.90
High
63.00
About TIGO
Millicom International Cellular SA is a Luxembourg-based international digital telecommunications and media company. The Company provides a wide range of fixed line and mobile communications services, cable and satellite television, mobile financial services and local content, such as music and sports, to both private and business customers. It offers digital services and products through the business brands TIGO which includes TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. The segments include Latin America, which focuses on mobile and cable services; and Africa, which covers mobile services with a focus on business-to-business customers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Significant Revenue Growth: In Q4 2025, Millicom reported revenue of $1.7 billion, reflecting a 4.7% year-on-year increase, while the full-year revenue reached $5.8 billion, up 2%, indicating strong market performance and sustained growth potential.
- Enhanced Profitability: The operating profit for Q4 was $469 million, with adjusted EBITDA hitting a record $778 million, showcasing the company's excellence in cost control and operational efficiency, thereby solidifying its market position.
- Outstanding Cash Flow Performance: Millicom generated $916 million in equity free cash flow for 2025, exceeding its $750 million annual target, demonstrating successful capital management and investment returns, which enhance financial flexibility.
- Strategic Acquisitions and Expansion: At the beginning of 2026, Millicom completed the acquisition of Colombia Telecomunicaciones S.A. for approximately COP 2.1 trillion (around $571 million), further strengthening its competitive edge and market share in the Latin American market.
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- Strong Financial Performance: Millicom International Cellular reported a Q4 net profit of $252 million, indicating a significant year-over-year increase that showcases the company's robust market performance and improved profitability.
- Significant Revenue Growth: The company achieved Q4 revenue of $1.65 billion, reflecting a 15.4% year-over-year increase and surpassing market expectations by $110 million, highlighting strong demand in the Latin American market and effective business strategies.
- Infrastructure Restructuring Advantage: Millicom's consolidation efforts in Colombia have successfully led to a re-rating of its infrastructure, enhancing its competitive position in the market and laying a solid foundation for future growth.
- Cash Flow Rerating Begins: After years of undervaluation, Millicom's cash flow rerating has commenced, signaling a recovery in the company's financial health and restoring investor confidence moving forward.
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- Earnings Announcement Schedule: Millicom International Cellular is set to announce its Q4 earnings on February 26 before market open, with consensus EPS estimate at $0.74 and revenue estimate at $1.54 billion, indicating investor focus on the company's financial performance.
- Earnings Estimate Changes: Over the last three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates have experienced two upward revisions with none downward, reflecting a growing confidence in Millicom's future growth prospects.
- Acquisition Activity: Millicom has acquired Telefónica Ecuador for $380 million, which not only strengthens its competitive position in the Ecuadorian market but also has the potential to drive higher market share and revenue growth.
- Industry Performance Analysis: Ahead of the earnings announcement, companies like IHS, Deutsche Telekom, and Disney have emerged as top picks in the communication services sector, suggesting a rising overall confidence in the telecom industry.
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- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting varying market perspectives on these firms.
- Market Reaction: While specific rating changes are not detailed, analysts' opinions typically influence investor decisions, potentially leading to price fluctuations in the affected stocks.
- Investor Focus: For those considering buying NCLH stock, analysts' views will serve as a crucial reference point, especially in the current market environment.
- Source of Information: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, urging investors to monitor these changes for informed choices.
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- Strategic Joint Acquisition: Millicom and NJJ acquire Telefonica's Chile operations through a 49%/51% partnership, with an initial payment of $50 million and potential earn-out of up to $150 million, ensuring financial flexibility and risk mitigation.
- Financial Protection Mechanism: The acquired business will not be consolidated into Millicom's financial statements, and its financial obligations are non-recourse to Millicom, with Telefonica required to contribute approximately $92 million at closing to ensure balance sheet stability.
- Market Expansion Opportunity: Although Millicom will initially hold a minority stake, it will operate the business from day one, leveraging extensive regional experience to stabilize and enhance the asset, thereby increasing competitiveness in the South American market.
- Long-term Value Creation: This acquisition reflects Millicom's disciplined capital allocation strategy, prioritizing long-term value creation and operational improvement while maintaining strong alignment with local market fundamentals, demonstrating a commitment to investment in the Chilean market.
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- Acquisition Success: Millicom successfully bid for EPM's remaining shares in UNE at COP 418,741 per share, totaling approximately COP 2.1 trillion (about USD 571 million), marking nearly 100% ownership in UNE.
- Closing Timeline: The transaction is expected to close on January 29, 2026, in accordance with auction rules, further simplifying Millicom's ownership structure in Colombia.
- Operational Integration: This acquisition will enable Millicom to streamline its operations in Colombia and accelerate its strategic integration plans, enhancing its competitive position in the market.
- Market Impact: The acquisition not only strengthens Millicom's position in the Latin American telecommunications market but also expands its range of digital services and products, likely driving further growth in the region.
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