TIGO - NASDAQ

Millicom International Cellular S.A.

TIGO·NASDAQ

$86.07

-3.2%

Communication ServicesTelecommunications Services

Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband, content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2021, the company served 44.9 million mobile customers; and 12.7 million cable homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$14.42B

EPS7.8600

P/E Ratio10.95

Earnings Date08/06/2026

17.25B

Assets

26%

3Y+22.0%

5Y+39.0%

10Y+79.0%

13.63B

Total Liabilities

34%

3Y+29.0%

5Y+34.0%

10Y+118.0%

3.62B

Total Equity

3Y-

5Y+59.0%

10Y+7.0%

Millicom International Cellular S.A. Funding & Solvency Profile

TIGO · NASDAQ

Current Assets

Cash & Cash Equivalents1.60B

Net Receivables969.00M

Inventory106.00M

Other Current Assets195.00M

Total Current Assets3 B

Non-Current Assets

Property, Plant & Equipment5.53B

Goodwill & Intangible Assets7.84B

Long-Term Investments583.00M

Other Non-Current Assets151.00M

Total Non-Current Assets6 B

Total Assets

17.25B

Financial Health Analysis

Current Ratio

0.88x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

3.77x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-410000000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

17% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Millicom International Cellular S.A. Balance Sheet

TIGO • NASDAQ

Millicom International Cellular S.A. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	1.6B	699M	775M	1B	895M	875M	1.2B	528M	619M	646M	769M	694M	941M	1.2B	881M	1B	1.6B	674.2M	1.2B	656.7M
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	160M	371M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	1.6B	699M	775M	1B	895M	1B	1.5B	528M	619M	646M	769M	694M	941M	1.2B	881M	1B	1.6B	674.2M	1.2B	656.7M
Net Receivables	969M	467M	525M	456M	474M	382M	412M	385M	389M	391M	403M	492M	282M	288M	579M	363.5M	294.6M	0.0	0.0	0.0
Accounts Receivables	615M	467M	525M	456M	474M	382M	412M	385M	389M	391M	403M	492M	282M	288M	277M	253.3M	224.7M	257.5M	223.6M	185.5M
Other Receivables	354M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	119M	99.5M	52.6M	40.2M	28M	38.6M
Inventory	106M	44M	45M	53M	63M	37M	32M	39M	45M	62M	80M	148M	122M	72M	75M	62.1M	47M	58.2M	82.9M	54.2M
Prepaids	110M	94M	82M	117M	166M	149M	156M	129M	145M	171M	193M	274M	156M	0.0	66M	89.5M	114.2M	82.3M	71.2M	58.4M
Other Current Assets	195M	1.1B	489M	400M	653M	704M	522M	447M	619M	397M	438M	834M	1.2B	452M	199M	296.2M	108.2M	549.5M	422.9M	357.9M
Total Current Assets	3B	2.4B	1.9B	2.1B	2.3B	2.3B	2.7B	1.5B	1.8B	1.7B	1.9B	2.4B	2.7B	2B	1.8B	1.8B	2.1B	1.4B	1.8B	1.1B
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	5.5B	3.6B	4B	3.9B	4.4B	3.6B	3.9B	3.1B	2.9B	3.1B	3.2B	4.8B	2.8B	2.8B	2.9B	2.8B	2.7B	2.8B	2.1B	1.3B
Goodwill	0.0	4.1B	4.1B	4.1B	4.1B	1.7B	1.7B	1.1B	599M	615M	644M	3.1B	1.4B	1.5B	0.0	0.0	548M	507.3M	183.9M	196.2M
Intangible Assets	7.8B	2.8B	3.7B	3.3B	3.5B	1.7B	1.5B	1.3B	666M	744M	769M	2.4B	1.1B	911M	2.2B	2.3B	1B	483.1M	283.6M	286.6M
Goodwill & Intangible Assets	7.8B	6.9B	7.8B	7.4B	7.6B	3.4B	3.2B	2.4B	1.3B	1.4B	1.4B	5.5B	2.5B	2.4B	2.2B	2.3B	1.6B	990.4M	467.5M	482.8M
Long-Term Investments	583M	561M	576M	590M	618M	2.7B	2.8B	3B	3.2B	3.3B	3.6B	274M	122M	193M	63M	18.1M	872K	0.0	0.0	0.0
Tax Assets	167M	153M	141M	204M	180M	197M	200M	202M	180M	166M	188M	294M	313M	259M	317M	24M	19.9M	14.2M	97.5M	3.7M
Other Non-Current Assets	151M	97M	97M	107M	126M	199M	110M	130M	113M	103M	101M	115M	83M	130M	87M	67.7M	139.6M	64.8M	31.1M	440.1M
Total Non-Current Assets	14.3B	11.4B	12.6B	12.1B	12.9B	10.1B	10.2B	8.8B	7.6B	8B	8.5B	10.9B	6.1B	6B	5.5B	5.2B	3.9B	3.9B	2.7B	2.2B
Other Assets	0.0	0.0	0.0	-1M	-1M	1M	0.0	1M	1M	-1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	17.3B	13.7B	14.5B	14.2B	15.1B	12.4B	12.9B	10.3B	9.5B	9.6B	10.4B	13.4B	8.8B	8B	7.3B	7B	6B	5.2B	4.4B	3.3B
LIABILITIES
CURRENT LIABILITIES
Total Payables	1.1B	1.1B	953M	1B	1.1B	1.1B	962M	1.1B	1B	1B	1.4B	1B	969M	1B	826M	658.6M	832M	1B	238.3M	428.3M
Accounts Payable	491M	300M	390M	400M	347M	334M	289M	282M	288M	297M	334M	386M	239M	232M	224M	202.7M	194.7M	240.6M	238.3M	428.3M
Other Payables	566M	781M	563M	648M	753M	805M	673M	823M	755M	728M	1.1B	623M	730M	782M	602M	455.8M	637.3M	804.9M	0.0	0.0
Accrued Expenses	0.0	421M	444M	412M	539M	445M	432M	381M	353M	376M	425M	500M	369M	306M	264M	228.4M	173.6M	0.0	0.0	0.0
Short Term Debt	622M	282M	221M	180M	1.8B	113M	186M	457M	182M	75M	212M	352M	407M	611M	603M	555.5M	434M	496.5M	889.1M	134.7M
Capital Lease Obligations (Current)	0.0	156M	189M	163M	171M	123M	107M	0.0	3M	5M	9M	6M	16M	32M	18M	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	199M	93M	86M	128M	71M	75M	143M	155M	129M	184M	226M	231M	232M	105M	79.9M	93.4M	0.0	0.0	0.0
Deferred Revenue	144M	266M	309M	241M	416M	368M	314M	334M	243M	260M	259M	318M	155M	154M	174M	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	1.6B	909M	213M	76M	420M	418M	416M	399M	243M	156M	168M	2.4B	915M	864M	813M	1.1B	130.1M	214.2M	874.9M	338.9M
Total Current Liabilities	3.4B	3.1B	2.3B	2.1B	4.5B	2.6B	2.4B	2.7B	2.1B	1.9B	2.5B	4.6B	2.8B	3B	2.7B	2.5B	1.6B	1.8B	2B	901.9M
NON-CURRENT LIABILITIES
Long Term Debt	6.6B	5.5B	6.5B	6.6B	5.9B	5.6B	5.8B	3.8B	3.6B	3.5B	3.5B	4.2B	3.2B	2.1B	1.7B	1.8B	1.9B	1.7B	945.2M	1.4B
Deferred Revenue (Non-Current)	0.0	23M	31M	32M	46M	57M	68M	85M	73M	18M	24M	30M	41M	51M	51M	0.0	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	149M	149M	140M	148M	214M	209M	279M	233M	56M	57M	50M	176M	188M	180M	199M	195.9M	66.5M	81.1M	42.4M	34.4M
Other Non-Current Liabilities	1.2B	545M	1.2B	787M	755M	801M	670M	400M	25M	466M	347M	342M	133M	66M	71M	98M	131.7M	70M	55.6M	443.4M
Total Non-Current Liabilities	10.2B	7B	8.7B	8.4B	7.9B	7.5B	7.8B	4.8B	4.1B	4.4B	4.2B	5B	4.1B	2.9B	2.1B	2.2B	2.1B	1.8B	1B	1.8B
Capital Lease Obligations	2.3B	954M	1B	1B	1.2B	1B	1.1B	353M	365M	295M	336M	366M	279M	232M	156M	-18.3M	0.0	0.0	0.0	0.0
Total Liabilities	13.6B	10.2B	11.1B	10.6B	12.4B	10.1B	10.2B	7.5B	6.2B	6.3B	6.7B	9.7B	6.7B	5.6B	4.8B	4.6B	3.7B	3.6B	3B	2.7B
SHAREHOLDERS' EQUITY
Treasury Stock	-52M	-43M	-8M	-47M	-60M	-30M	-51M	-81M	-106M	-123M	-143M	-160M	-172M	-198M	-378M	-300M	0.0	0.0	0.0	0.0
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.1B	0.0	0.0	0.0	0.0
Common Stock	253M	258M	258M	258M	153M	153M	153M	153M	153M	638M	639M	639M	640M	642M	663M	681.6M	660.5M	642.5M	153.6M	151M
Additional Paid-In Capital	1B	1.1B	1.1B	1.1B	476M	478M	480M	482M	484M	485M	0.0	0.0	487.4M	489M	0.0	518M	497.6M	0.0	263.7M	221.5M
Retained Earnings	3.1B	2.9B	2.7B	2.9B	2.6B	2B	2.4B	2.5B	3B	3.2B	3.5B	4.8B	2.4B	2.5B	925M	1.7B	850.8M	1.1B	825M	129.4M
Accumulated Other Comprehensive Income/Loss	0.0	-531M	-500M	-559M	-594M	-562M	-544M	-538M	-470M	-562M	-531M	-2.9B	-922M	-870M	0.0	1.1B	937.4M	-1.3B	-740M	-668.7M
Other Total Stockholders' Equity	-688M	-1M	0.0	0.0	-1M	-1M	1M	1M	1M	-1M	0.0	0.0	0.0	0.0	0.0	0.0	-1B	470.3M	45.6M	3M
Total Stockholders' Equity	3.6B	3.6B	3.5B	3.6B	2.6B	2.1B	2.4B	2.5B	3.1B	3.2B	3.5B	2.3B	1.9B	2B	2.3B	3.1B	2.4B	1.7B	1.3B	504.9M
Total Equity	3.6B	3.6B	3.4B	3.6B	2.7B	2.3B	2.7B	2.8B	3.3B	3.4B	3.7B	3.7B	2.1B	2.3B	2.4B	3.2B	2.3B	1.7B	1.4B	582.4M
Minority Interest	-20M	-54M	-84M	29M	157M	215M	271M	249M	185M	201M	214M	1.4B	152M	312M	192M	45.6M	-73.7M	-25.8M	80.4M	77.5M
SUMMARY
Total Liabilities & Equity	17.3B	13.7B	14.5B	14.2B	15.1B	12.4B	12.9B	10.3B	9.5B	9.6B	10.4B	13.4B	8.8B	8B	7.3B	7B	6B	5.2B	4.4B	3.3B
Total Investments	583M	561M	576M	590M	618M	2.8B	3.2B	3B	3.2B	3.3B	3.6B	274M	122M	193M	63M	18.1M	872K	0.0	0.0	0.0
Total Debt	9.5B	6.8B	7.7B	7.8B	8.9B	6.7B	7B	4.6B	4.1B	3.9B	4B	4.8B	4.2B	3.3B	2.4B	2.4B	2.3B	2.2B	1.8B	1.5B
Net Debt	7.9B	6.1B	7B	6.8B	8B	5.8B	5.9B	4.1B	3.5B	3.3B	3.2B	4.1B	3.2B	2.1B	1.6B	1.3B	785.7M	1.5B	659.7M	837M
Shares Outstanding	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000	167,541,000

SEC Filings

TIGO - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
6-K 6-K 2026 Q2 Q2	May 21, 2026	May 21, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 14, 2026	May 12, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 28, 2026	April 28, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 17, 2026	April 17, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 15, 2026	April 15, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 02, 2026	April 02, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	March 26, 2026	March 26, 2026	2026	View Filing
20-F 20-F 2025 FY FY	March 24, 2026	December 31, 2025	2025	View Filing
6-K 6-K 2026 Q1 Q1	February 26, 2026	February 26, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	February 10, 2026	February 10, 2026	2026	View Filing

Showing 1 to 10 of 488 filings

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