Millicom Files 6-K with Q2 2025 Financials

TL;DR

Millicom dropped Q2 earnings & financials in a 6-K filing. Check it out.

AI Summary

Millicom International Cellular S.A. filed a Form 6-K on August 8, 2025, reporting its unaudited interim condensed consolidated financial statements for the six-month period ended June 30, 2025. The filing also includes the Q2 2025 earnings release and a press release dated August 6, 2025. Millicom International Cellular S.A. is a foreign private issuer based in Luxembourg.

Why It Matters

This filing provides investors with crucial, up-to-date financial information and earnings details for Millicom International Cellular S.A., enabling them to assess the company's performance and make informed investment decisions.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) that provides standard reporting information and does not indicate any unusual or high-risk events.

Key Players & Entities

• MILLICOM INTERNATIONAL CELLULAR S.A. (company) — Registrant
• August 8, 2025 (date) — Filing date
• June 30, 2025 (date) — Reporting period end date
• August 6, 2025 (date) — Press release date
• Q2 2025 (period) — Earnings release period

FAQ

Key Financial Figures

• $199 million — Revenue Group revenue decreased 6.8% ($199 million) year-on-year to $2,746 million in H1 2
• $2,746 million — sed 6.8% ($199 million) year-on-year to $2,746 million in H1 2025. The decrease is largely due
• $104 million — ect costs decreased at a rate of 14.1% ($104 million) year-on-year to $631 million, mainly d
• $631 m — of 14.1% ($104 million) year-on-year to $631 million, mainly due to the impact of weak
• $106 million — s Operating expenses decreased 11.3% ($106 million) year-on-year to $838 million, mainly d
• $838 m — ed 11.3% ($106 million) year-on-year to $838 million, mainly due to the impact of weak
• $32 million — tization Depreciation decreased 6.8% ($32 million) year-on-year to $442 million, mainly d
• $442 m — ased 6.8% ($32 million) year-on-year to $442 million, mainly driven by foreign exchang
• $11 million — ). Amortization expense decreased 6.8% ($11 million) year-on-year to $152 million mainly dr
• $152 million — ased 6.8% ($11 million) year-on-year to $152 million mainly driven by foreign exchange impac
• $26 million — s share of profit in joint ventures was $26 million in H1 2025, an increase of 4.4% year-on
• $56 million — ng income (expenses), net, increased by $56 million year-on-year, mainly due to gains from
• $14 million — ial income (expenses), net decreased by $14 million year-on year to $329 million mainly due
• $329 million — ecreased by $14 million year-on year to $329 million mainly due to lower debt levels and low
• $604 million — Lati International and Lati Paraguay of $604 million reflects the gain of the partial closin

Filing Documents

• dp232834_6k.htm (6-K) — 750KB
• millicomtigo.jpg (GRAPHIC) — 20KB
• image_001.jpg (GRAPHIC) — 11KB
• image_002.jpg (GRAPHIC) — 17KB
• 0000950103-25-010113.txt ( ) — 817KB

financial statements (included in Group's 2024 Annual Report)

financial statements (included in Group's 2024 Annual Report). Internal controls and Governance in the preparation of the consolidated financial statements are set out in the Governance section from pages 126 to 153 in Group's 2024 Annual Report. Related-Party transactions Millicom conducts transactions with certain related parties on normal commercial terms and conditions. Related party transactions are subject to the review of the audit and compliance committee of the Company's board of directors. For further details on Millicom Group's material related parties please refer to note G.5. of the 2024 consolidated financial statements (included in Group's 2024 Annual Report). Outlook 1 Millicom continues to target 2025 EFCF of around $750 million and year-end leverage below 2.5x. These targets reflect full year run-rate savings expected from efficiency measures implemented during 2024 and lower expected restructuring costs in 2025, partially offset by the impact of weaker projected foreign exchange rates and potential legal settlements. The targets exclude the impact of inorganic initiatives, such as proceeds related to the sale of Lati International and other assets. Subsequent events Special interim cash dividend. On August 6, 2025, Millicom's Board approved a special interim dividend of $2.50 per share. The dividend will be distributed in two equal installments of $1.25 per share, on October 15, 2025 and April 15, 2026. Financing El Salvador On July 30, 2025, El Salvador entered into a five-year variable loan for $150 million with the IDB and Bladex Bank. The proceeds of the new facility have been used to repay the outstanding syndicated facility with Scotia Bank; the remaining amount will be used to repay certain loans with companies of the Millicom Group and/or to finance or reimburse capital expenditure of goods. Guatemala On July 14, 2025, Guatemala entered into a five-year variable loan with Banrural for GTQ 400 million (approximately $52

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS Introduction We have reviewed the accompanying interim condensed consolidated financial statements of Millicom International Cellular S.A., its subsidiaries, and joint ventures (the "Group") as of 30 June 2025, which comprise the interim condensed consolidated statement of financial position as at 30 June 2025, the related interim condensed consolidated statement of income, the interim condensed consolidated statement of comprehensive income, the interim condensed consolidated statements of changes in equity, the interim condensed consolidated statement of cash flows for the six-month period then ended and notes to the interim condensed consolidated financial statements. Management is responsible for the preparation and fair presentation of these interim condensed consolidated financial statements in accordance with International Accounting Standard 34, Interim Financial Reporting, ("IAS 34") as adopted by the European Union. Our responsibility is to express a conclusion on these interim condensed consolidated financial statements based on our review. Scope of Review We conducted our review in accordance with the International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial statements are not prepare

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