Millicom Q1 Net Profit $75M; Revenue $1.98B; Coltel Acquisition Closed
Millicom International Cellular S.A. reported Q1 2026 financial results, with revenue significantly increasing to $1,985 million from $1,368 million in Q1 2025. However, net profit for the period decreased to $75 million from $219 million year-over-year, and basic EPS fell to $0.65 from $1.14. These figures are not directly comparable to the prior year due to the full consolidation of Coltel since February 6, 2026, and Tigo Uruguay and Tigo Ecuador since October 2025. Key strategic moves included the acquisition of a 67.5% stake in Coltel for $214.4 million and the acquisition of EPM's remaining shares in Tigo Colombia for $571 million, alongside an agreement to sell its MFS business in Paraguay for a base price of $10 million.
Key Highlights
- Q1 2026 revenue increased to $1,985 million from $1,368 million in Q1 2025.
- Net profit for Q1 2026 was $75 million, down from $219 million in Q1 2025.
- Basic earnings per share for Q1 2026 was $0.65, compared to $1.14 in Q1 2025.
- Acquired 67.5% controlling stake in Coltel for $214.4 million, closed February 6, 2026.
- Acquired 100% of EPM's remaining shares in Tigo Colombia for $571 million, closed January 29, 2026.
- Net cash provided by operating activities was $590 million, up from $348 million in Q1 2025.
- Agreed to sell Mobile Finance business in Paraguay for a base price of $10 million.
- Total assets grew to $20,746 million as of March 31, 2026, from $17,253 million at Dec 31, 2025.
Price Impact
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