Monitor integration progress of acquired assets in Colombia and Chile, as restructuring costs weigh on net profit but EBITDA and cash flow remain strong. Full-year EFCF target suggests potential deleveraging; watch for update on Q2 guidance.
Price Chart
Executive Summary
Millicom's Q1 2026 revenue grew 4.2% organically to $1.985B, and Adjusted EBITDA rose 9.6% to $857M, but net profit plunged 43.4% to $109M due to acquisition integration costs. The company reiterated its full-year EFCF target of at least $900M and leverage around 2.5x, though reported leverage stood at 2.76x.
Key Financial Metrics
Key Facts
- Revenue $1.985B, organic growth 4.2% (as reported +45.1% due to acquisitions)
- Net profit attributable to owners $109M, down 43.4% YoY
- Adjusted EBITDA $857M, up 9.6% organic (reported +35.5%)
- Equity free cash flow $225M, up 66.5% excluding prior year infrastructure sale
- Leverage at 2.76x post-acquisitions; full-year EFCF target at least $900M, leverage ~2.5x
- Acquisitions in Colombia (Tigo UNE, Coltel), Ecuador, and Uruguay driving consolidation
- Voluntary retirement and severance costs: Tigo Colombia ~$26M, Tigo Chile ~$21M
- Tigo Sports local content sold to FOX; Paraguay notes redeemed ($139.7M)
Financial Impact
Net profit decline of $84M vs prior year; equity free cash flow improvement of $90M
Risk Factors
- Integration and restructuring costs may continue to depress net income
- Elevated leverage (2.76x) post-acquisitions could limit financial flexibility
- Competitive pressure in Latin American telecom markets
- Regulatory risks in Colombia and Chile
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292594 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 3/A | $80.34 | awaiting T+60 | — | $79.66 (−0.85%) |
Oct 13, 2026 13d ago | 3/A | $80.34 | awaiting T+60 | — | $79.66 (−0.85%) |
Oct 13, 2026 13d ago | 3/A | $80.34 | awaiting T+60 | — | $79.66 (−0.85%) |
Oct 13, 2026 13d ago | 3/A | $80.34 | awaiting T+60 | — | $79.66 (−0.85%) |
Jul 27, 2026 13w ago | Press Release | $95.64 $81.65 | ▼ −14.63% | ▼ −18.98% | $79.66 (−16.71%) |
May 20, 2026 22w ago | Press Release | $84.11 $93.89 | ▲ +11.63% | ▲ +6.62% | $79.66 (−5.29%) |
May 12, 2026 24w ago | Press Release | $80.13 $104.31 | ▲ +30.18% | ▲ +25.79% | $79.66 (−0.59%) |
Apr 30, 2026 25w ago | Press Release | $84.88 $95.38 | ▲ +12.37% | ▲ +9.26% | $79.66 (−6.15%) |
Apr 13, 2026 28w ago | Press Release | $83.11 $94.08 | ▲ +13.20% | ▲ +4.28% | $79.66 (−4.15%) |
Apr 10, 2026 28w ago | Press Release | $83.03 $92.95 | ▲ +11.95% | ▲ +1.62% | $79.66 (−4.06%) |
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