Core Insights - During turbulent market conditions, investors often seek dividend-yielding stocks as a safe investment option [1] - Companies with high free cash flows typically offer substantial dividends to their shareholders [1] Company Ratings - Evolution Petroleum Corp (NYSE:EPM) is highlighted as a high-yielding stock in the energy sector [2] - Vitesse Energy Inc (NYSE:VTS) is also recognized for its dividend yield within the energy industry [2] - Plains All American Pipeline LP (NASDAQ:PAA) is mentioned as another significant player in the high-yielding energy stocks [2]

Financial Performance - Total revenues for the three months ended December 31, 2025, were $20,679,000, a slight increase from $20,275,000 in the same period of 2024, representing a growth of 2%[19] - Net income for the six months ended December 31, 2025, was $1,889,000, compared to $240,000 for the same period in 2024, indicating a significant increase of 688%[22] - For the three months ended December 31, 2025, the net income was $1,065 million, compared to a net loss of $1,825 million for the same period in 2024[26] - Total revenues for the six months ended December 31, 2025, were $41,967 million, compared to $42,171 million in 2024[42] - Crude oil revenue for the three months ended December 31, 2025, was $10.696 million, down from $11.763 million in 2024, and for the six months, it was $23.568 million compared to $26.500 million in 2024[42] - Natural gas revenue increased to $7.441 million for the three months ended December 31, 2025, from $5.793 million in 2024, and for the six months, it rose to $13.341 million from $10.078 million[42] Assets and Liabilities - Cash and cash equivalents increased to $3,762,000 as of December 31, 2025, up from $2,507,000 at the end of June 2025, reflecting a growth of 50%[17] - Total assets rose to $169,265,000 as of December 31, 2025, compared to $160,252,000 as of June 30, 2025, marking an increase of 5.6%[17] - The company’s total liabilities increased to $101,721,000 as of December 31, 2025, from $88,439,000 as of June 30, 2025, an increase of 15%[17] - The company’s retained earnings decreased to $18,666,000 as of December 31, 2025, down from $25,129,000 as of June 30, 2025, a decline of 25.7%[17] Shareholder Information - The weighted average number of common shares outstanding for the six months ended December 31, 2025, was 33,815,000, compared to 32,828,000 for the same period in 2024, indicating an increase of 3%[19] - The company paid $8,352,000 in common stock dividends during the six months ended December 31, 2025, compared to $8,115,000 in the same period of 2024, reflecting a growth of 2.9%[22] - Common stock dividends paid for the six months ended December 31, 2025, totaled $8,352 million, reflecting a significant cash outflow[26] - The total stockholders' equity as of December 31, 2025, was $67,544 million, an increase from $76,302 million as of December 31, 2024[26] - The company had 35,003,844 shares of common stock outstanding and has cumulatively paid over $143.1 million in cash dividends since December 2013[90] - During the six months ended December 31, 2025, the Company paid dividends of $8.4 million, compared to $8.1 million during the same period in 2024, reflecting a year-over-year increase of approximately 3.7%[90] Derivative Contracts - The company reported a net gain on derivative contracts of $2,235,000 for the three months ended December 31, 2025, compared to a loss of $1,219,000 in the same period of 2024[19] - The total net gain on derivative contracts for the six months ended December 31, 2025, was $4.416 million, compared to a loss of $1.219 million for the same period in 2024[76] - The company has entered into various derivative contracts to hedge anticipated future production, including crude oil and natural gas swaps and collars[73] - As of December 31, 2025, the company had derivative contract assets of $3.331 million and derivative contract liabilities of $1.970 million[77] - The estimated fair value of derivative contract assets was $3,331,000 as of December 31, 2025, while derivative contract liabilities were $1,970,000[83] - The company did not post collateral under any of its derivative contracts as they were secured under the Senior Secured Credit Facility[72] Taxation - For the six months ended December 31, 2025, the company recognized an income tax expense of $1.2 million with an effective tax rate of 38.9%, compared to $0.1 million and 31.4% for the same period in 2024[68] - The increase in the effective tax rate is attributed to projected higher state income taxes in Oklahoma due to the Minerals Acquisition in August 2025[68] - The company's effective tax rate typically differs from the statutory federal rate of 21% due to state income taxes and other permanent differences[69] - The company evaluates its tax provision quarterly and adjusts the effective tax rate based on changes in facts and circumstances[68] Acquisitions and Investments - The Company completed the acquisition of mineral and royalty interests in the SCOOP and STACK plays for approximately $16.3 million on August 4, 2025, funded by $15.0 million in borrowings and cash[48] - The TexMex Acquisition, closed on April 14, 2025, involved non-operated working interests for approximately $9.0 million, funded through cash and borrowings, with an average working interest of 42% in about 600 gross wells[49] Borrowings and Interest Rates - As of December 31, 2025, the Company had $54.5 million in borrowings outstanding under its Senior Secured Credit Facility, with a current borrowing base of $65.0 million[59] - The weighted average interest on borrowings under the Senior Secured Credit Facility was 6.88% for the six months ended December 31, 2025, down from 7.80% in 2024[59] - Borrowings under the Senior Secured Credit Facility bear interest at either SOFR with a minimum of 3.25% plus a credit spread adjustment of 0.05%, or the Prime Rate plus 1.00%[183] - An applicable margin of 2.75% is added to both SOFR and Prime Rate options for borrowings[183] - The company does not currently use interest rate derivative instruments to manage exposure to interest rate changes[183] Operating Costs and Expenses - Operating costs for the three months ended December 31, 2025, were $20,021,000, a decrease from $20,880,000 in the same period of 2024, showing a reduction of 4.1%[19] - The total operating lease costs for the six months ended December 31, 2025, were $67 thousand, a decrease from $78 thousand in 2024, representing a decline of 14.1%[111] - Depletion on oil and natural gas properties was $11.1 million for the six months ended December 31, 2025, compared to $10.3 million in 2024[53] Stock-Based Compensation - The Company recognized $1.2 million in stock-based compensation during the six months ended December 31, 2025, consistent with the $1.2 million recognized in the same period of 2024[97] - The Company granted a total of 0.4 million equity awards during the six months ended December 31, 2025, compared to 0.5 million in the same period of 2024, representing a decrease of 20%[101] - The weighted average fair value of performance-based awards granted increased to $4.36 in 2025 from $3.90 in 2024, reflecting a rise of 11.8%[102] Compliance and Regulations - The company has adopted ASU 2023-09 effective July 1, 2025, enhancing income tax disclosures for the fiscal year ending June 30, 2026[40] - The company is in compliance with all covenants under the Senior Secured Credit Facility as of December 31, 2025[62] - The company's consolidated financial statements for the six months ended December 31, 2025, reflect the effects of the One Big Beautiful Bill Act ("OBBBA") which is expected to benefit cash flows from operating activities[67] Market Risks - The company is exposed to market risk on open derivative contracts related to potential non-performance by counterparties[182] - The company is exposed to interest rate risk affecting interest earned on cash and cash equivalents[183] - SOFR rates are sensitive to contract periods, market volatility, and changes in forward interest rate yields[183]

Financial Data and Key Metrics Changes - In fiscal Q2 2026, total revenues were $20.7 million, reflecting a 2% year-over-year increase primarily due to a 6% increase in production and higher realized natural gas prices, offset by lower oil and NGL pricing [13] - Adjusted EBITDA increased by 41% year-over-year to $8 million, driven by stronger natural gas revenues, realized gains on derivative contracts, and lower lease operating costs [14] - Net income for the quarter was $1.1 million, or $0.03 per diluted share, compared to a net loss of $1.8 million, or $0.06 per share, in the prior year [13] Business Line Data and Key Metrics Changes - The company reported improved profitability and stronger cash flow due to diversification of its asset base and increased exposure to natural gas [4] - The minerals and royalty platform contributed to incremental cash flow and accelerated returns, with several wells turning to sales or entering drilling operations ahead of schedule [7] - Production from the Chaveroo field increased year-over-year, reflecting wells brought online over the past 12 months, despite no new drilling due to low oil prices [10] Market Data and Key Metrics Changes - Realized natural gas pricing improved compared to the prior year, although results were partially impacted by wider regional differentials due to mild winter conditions in the western U.S. [12] - The company continues to benefit from a balanced mix of oil and natural gas assets with low base decline and modest capital requirements [6] Company Strategy and Development Direction - The company aims to build a portfolio that can perform across commodity price cycles, focusing on assets with durable cash flow characteristics and modest capital requirements [5][9] - The strategy includes expanding the minerals and royalty platform and pursuing acquisitions that enhance per-share value and support sustainable shareholder returns [9] - The company emphasizes operational flexibility and cost control, adjusting activity levels based on market conditions and expected returns [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate commodity cycles while continuing to reward shareholders, highlighting the importance of disciplined capital management [8][9] - The company anticipates meaningful contributions from newly acquired Haynesville-Bossier Shale mineral and royalty assets in the upcoming quarters [7] Other Important Information - Cash on hand totaled $3.8 million, with borrowings under the credit facility at $54.5 million, resulting in total liquidity of approximately $13.5 million [15] - The board declared a quarterly cash dividend of $0.12 per share, totaling $4.2 million in dividends paid during the quarter [15] Q&A Session Summary Question: Update on minerals acquisitions and natural decline rate - Management noted that minerals acquisitions will add incremental production without additional costs, contributing positively to the company's asset base [19] Question: Production levels from Haynesville-Bossier acquisitions - Management confirmed that these acquisitions will have a significant impact on production in the upcoming quarters, with ongoing completion activities [20][21] Question: Performance of the Delhi Field without CO2 injection - Management indicated that the field remains profitable despite reduced injection volumes, with expectations for improved performance as operational issues are resolved [28][29] Question: Interest in Northeast basins like Utica and Marcellus - Management acknowledged the potential of these basins but highlighted takeaway capacity constraints as a significant concern [54][55] Question: Outlook on reducing overall debt levels - Management stated a long-term target of 1x net debt, with plans to reduce leverage over time while maintaining comfort with current debt levels [57]

Financial Data and Key Metrics Changes - In fiscal Q2 2026, total revenues were $20.7 million, up 2% year-over-year, primarily due to a 6% increase in production and higher realized natural gas prices, offset by lower oil and NGL pricing [13] - Adjusted EBITDA increased by 41% year-over-year to $8 million, reflecting stronger natural gas revenues, realized gains on derivative contracts, and lower lease operating costs [14] - Net income for the quarter was $1.1 million, or $0.03 per diluted share, compared to a net loss of $1.8 million, or $0.06 per share, in the year-ago period [13] Business Line Data and Key Metrics Changes - The company continues to benefit from a balanced mix of oil and natural gas assets with low base decline and modest capital requirements, contributing to improved profitability and cash flow [6][4] - Incremental contributions from minerals and royalty investments have been significant, with three wells converted to producing status during the quarter and 16 additional wells in progress [10] Market Data and Key Metrics Changes - Realized natural gas pricing improved compared to the prior year, although results were partially impacted by wider regional differentials due to mild winter conditions in the Western U.S. [12] - The company anticipates meaningful contributions from newly acquired Haynesville-Bossier Shale mineral and royalty assets, with production expected to ramp up quickly [20] Company Strategy and Development Direction - The company aims to build a portfolio that can perform across commodity price cycles, emphasizing diversification by commodity, basin, and operating partner to reduce concentration risk [6][4] - The strategy includes prioritizing assets with durable cash flow characteristics, modest capital requirements, and attractive risk-adjusted returns, while remaining opportunistic with acquisitions [9] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate commodity cycles while continuing to reward shareholders, highlighting the importance of operational flexibility and disciplined capital management [8][9] - The company remains focused on maintaining operational flexibility, managing costs, and deploying capital where returns are most compelling, especially in a volatile price environment [12] Other Important Information - Cash on hand totaled $3.8 million, with borrowings under the credit facility at $54.5 million, leading to total liquidity of approximately $13.5 million [15] - The board declared a quarterly cash dividend of $0.12 per share, totaling $4.2 million in dividends paid during the quarter [15] Q&A Session Summary Question: Update on minerals acquisitions and natural decline rate - Management noted that minerals acquisitions will add incremental production without additional costs, contributing positively to the company's performance [19] Question: Production levels from Haynesville-Bossier acquisitions - Management confirmed that these acquisitions will have a significant impact on production in the upcoming quarters, with many wells currently being completed [20] Question: Performance of the Delhi Field without CO2 injection - Management indicated that the field remains profitable despite reduced injection volumes, with expectations for production to stabilize as operational issues are resolved [29] Question: Interest in Northeast basins like Utica and Marcellus - Management acknowledged the potential of these basins but highlighted takeaway capacity constraints as a significant concern [54] Question: Outlook on reducing overall debt levels - Management stated a long-term target of 1x net debt, with plans to reduce leverage over time while maintaining comfort with current debt levels [57]

Financial Data and Key Metrics Changes - In fiscal Q2 2026, total revenues were $20.7 million, a 2% increase year-over-year, primarily due to a 6% increase in production and higher realized natural gas prices, offset by lower oil and NGL pricing [13][14] - Net income for the quarter was $1.1 million, or $0.03 per diluted share, compared to a net loss of $1.8 million, or $0.06 per share, in the prior year [13] - Adjusted EBITDA increased by 41% year-over-year to $8 million, reflecting stronger natural gas revenues and lower lease operating costs [14] Business Line Data and Key Metrics Changes - The company reported improved profitability and stronger cash flow, driven by diversification into natural gas and minerals and royalty investments [4][5] - Production increased year-over-year, particularly from mineral and royalty acquisitions in the SCOOP/STACK, contributing to steady base production across the portfolio [13][10] - Lease operating expenses improved to $11.5 million, or $16.96 per BOE, down from $20.05 per BOE in the prior year, due to cost improvements and cessation of CO2 purchases at Delhi [14] Market Data and Key Metrics Changes - Realized natural gas pricing improved compared to the prior year, although results were impacted by wider regional differentials due to mild winter conditions in the western U.S. [12] - The company continues to benefit from a balanced mix of oil and natural gas assets, which helps reduce concentration risk and smooth performance over time [5] Company Strategy and Development Direction - The company aims to build a portfolio that can perform across commodity price cycles, focusing on assets with durable cash flow characteristics and modest capital requirements [5][9] - The strategy includes expanding the minerals and royalty platform, which is expected to enhance cash flow durability and provide flexibility in capital deployment [7][8] - The company remains opportunistic in acquisitions, particularly in areas where it can leverage its experience and relationships [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate commodity cycles while continuing to reward shareholders, emphasizing the importance of disciplined capital management [8][9] - The company anticipates meaningful contributions from newly acquired Haynesville-Bossier Shale mineral and royalty assets in the upcoming quarters [7][20] - Management highlighted the importance of operational flexibility and cost control in the current volatile market environment [8] Other Important Information - Cash on hand totaled $3.8 million, with borrowings under the credit facility at $54.5 million, resulting in total liquidity of approximately $13.5 million [15] - The board declared a quarterly cash dividend of $0.12 per share, totaling $4.2 million in dividends paid during the quarter [15] Q&A Session Summary Question: Update on minerals acquisitions and natural decline rate - Management noted that minerals acquisitions will add incremental production without additional costs, enhancing the attractiveness of the portfolio [18] Question: Production levels from Haynesville-Bossier acquisitions - Management confirmed that the acquisitions will have no impact on the previous quarter but expect production to ramp up quickly in the upcoming quarters [20] Question: Performance of the Delhi Field without CO2 injection - Management indicated that the field remains profitable without CO2 injection due to lower operating costs, despite some production rate reductions [29] Question: Outlook on overall debt levels - Management stated that the long-term target is to reduce net debt to 1x, but they feel comfortable with the current debt level given the production and cash flow hedged at attractive prices [58]

分组1 - Evolution Petroleum reported break-even quarterly earnings per share, matching the Zacks Consensus Estimate, compared to a loss of $0.03 per share a year ago, representing an earnings surprise of -100.00% [1] - The company posted revenues of $20.68 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 4.99%, and this is an increase from year-ago revenues of $20.27 million [2] - The stock has gained approximately 16.4% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] 分组2 - The earnings outlook for Evolution Petroleum is uncertain, with current consensus EPS estimates for the coming quarter at breakeven on $21.7 million in revenues and breakeven on $85.57 million in revenues for the current fiscal year [7] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the bottom 7% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - The estimate revisions trend for Evolution Petroleum was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]

Financial Performance - Evolution Petroleum reported a net income of $1.1 million, or $0.03 per diluted share, compared to a net loss of $1.8 million, or $(0.06) per share, in the same quarter last year[16]. - Adjusted EBITDA increased by 41% to $8.0 million, driven by higher realized natural gas prices and improved operational efficiency[6][16]. - Total revenues for Q2 2026 rose by 2% to $20.7 million, primarily due to a 6% increase in production and a 22% increase in realized natural gas prices[12]. - Total revenues for the three months ended December 31, 2025, were $20,679,000, a slight increase from $20,275,000 in the previous quarter[31]. - Net income for the three months ended December 31, 2025, was $1,065,000, compared to a net loss of $1,825,000 in the same period last year[31]. - Adjusted EBITDA increased to $7,994,000 for the three months ended December 31, 2025, up from $5,688,000 in the previous year, reflecting a growth of 40.7%[38]. - Total revenues for the three months ended December 31, 2025, were $20,679,000, slightly up from $20,275,000 in the same period of 2024, indicating a year-over-year increase of 2.0%[44]. Production and Operational Efficiency - Average production for Q2 2026 was 7,380 BOEPD, a 6% increase year-over-year, with oil production up 8% and natural gas liquids up 7%[6][17]. - Average daily production for the three months ended December 31, 2025, was 7,380 BOEPD, an increase from 6,935 BOEPD in the same period of 2024, representing a growth of 6.4%[44]. - The company reported a significant increase in production from the Delhi Field, with crude oil production at 48 MBBL and an average price of $61.78 per barrel for the latest quarter[47]. - Natural gas production reached 2,241 MMCF with an average price of $3.32 per MCF, up from 2,125 MMCF at $2.73 per MCF in the prior quarter[47]. Costs and Expenses - Lease operating costs improved to $11.5 million, with a per-unit cost of $16.96 per BOE, down from $20.05 per BOE in the prior year[13]. - Operating costs for the three months ended December 31, 2025, were $20,021,000, a decrease from $20,880,000 in the previous quarter[31]. - Total lease operating costs for the three months ended December 31, 2025, were $11,510,000, a decrease from $12,793,000 in the same period of 2024, indicating a reduction of 10.0%[44]. - The average production cost for the SCOOP/STACK region was $7.72 per BOE for the three months ended December 31, 2025, compared to $9.97 in the previous quarter[50]. - The Barnett Shale region showed a production cost of $13.98 per BOE, reflecting a decrease from $18.03 in the previous quarter[50]. Shareholder Returns - The company returned approximately $4.2 million to shareholders in cash dividends during fiscal Q2[6]. - The company declared a cash dividend of $0.12 per share, marking its 50th consecutive quarterly cash dividend payment[26]. - The company paid $4,195,000 in common stock dividends during the three months ended December 31, 2025[34]. Liquidity and Financial Position - Total liquidity as of December 31, 2025, was $13.5 million, with cash and cash equivalents of $3.8 million and outstanding borrowings of $54.5 million[24]. - Cash and cash equivalents increased to $3,762,000 as of December 31, 2025, from $2,507,000 at the end of June 2025[33]. - Total assets rose to $169,265,000 as of December 31, 2025, up from $160,252,000 at the end of June 2025[33]. - Senior secured credit facility borrowings increased to $54,500,000 as of December 31, 2025, from $37,500,000 at the end of June 2025[33]. Market and Pricing - The average realized price for natural gas increased by 22% to $3.32 per MCF, while crude oil prices decreased by 16% to $55.42 per barrel[17][19]. - The average price per barrel of crude oil for the three months ended December 31, 2025, was $55.42, down from $65.72 in 2024, reflecting a decrease of 15.5%[44]. - Crude oil revenues decreased to $10,696,000 for the three months ended December 31, 2025, down from $11,763,000 in 2024, a decline of 9.1%[44]. - Natural gas revenues increased to $7,441,000 for the three months ended December 31, 2025, compared to $5,793,000 in 2024, marking a growth of 28.5%[44]. Derivative Contracts and Hedging - The company reported an unrealized loss on derivative contracts of $1,443,000 for the three months ended December 31, 2025, compared to a gain of $1,368,000 in 2024[40]. - The company has open crude oil derivative contracts with a total volume of 195,836 BBLS at a weighted average price of $60.27 for January 2026 to September 2026[51]. - Natural gas fixed-price swaps total 2,954,267 MMBTU at an average price of $3.62 for January 2026 to December 2026[51]. - The company is actively managing its hedging strategy with various contracts in place to mitigate price volatility in crude oil and natural gas markets[51].

Core Insights - Evolution Petroleum Corporation reported a significant improvement in net income and a 41% increase in adjusted EBITDA to $8.0 million for the fiscal second quarter ended December 31, 2025, alongside the declaration of its 15th consecutive cash dividend of $0.12 per share [1][2][25]. Financial & Operational Highlights - Average production increased by 6% year-over-year to 7,380 barrels of oil equivalent per day (BOEPD) [2][6]. - Total revenues rose by 2% to $20.7 million compared to $20.3 million in the same quarter last year, driven by a 6% increase in production and a 22% rise in realized natural gas prices [10][11]. - Net income was reported at $1.1 million, a turnaround from a net loss of $1.8 million in the prior year [14]. - Adjusted net income improved to $0.3 million from a loss of $0.8 million year-over-year [14][15]. - Adjusted EBITDA increased by 41% to $8.0 million, attributed to higher natural gas revenues and reduced lease operating costs [15][19]. Production & Pricing - The average realized price for crude oil decreased by 16% to $55.42 per barrel, while natural gas prices increased by 22% to $3.32 per thousand cubic feet (MCF) [17][18]. - Total production included approximately 2,098 BOPD of crude oil, 4,065 BOEPD of natural gas, and 1,217 BOEPD of natural gas liquids (NGLs) [17]. Development & Acquisitions - The company expanded its mineral and royalty platform, completing four acquisitions in the Haynesville-Bossier Shale for a total estimated net consideration of $4.5 million, adding approximately 321 net royalty acres [6][19]. - The acquisitions are expected to enhance cash flow and dividend coverage, with a payback period of under three years [6][19]. Operational Efficiency - Lease operating costs improved to $11.5 million, with a per-unit cost of $16.96 per BOE, down from $20.05 per BOE in the previous year [11]. - The transition from electric submersible pumps to rod pumps in the Chaveroo field has improved lifting efficiency and stabilized production, resulting in performance trending approximately 5% above initial expectations [6][7]. Balance Sheet & Liquidity - As of December 31, 2025, the company had cash and cash equivalents of $3.8 million and outstanding borrowings of $54.5 million [23][24]. - The company paid $4.2 million in dividends during the quarter and incurred $0.9 million in capital expenditures [24].

Core Viewpoint - Evolution Petroleum Corporation plans to release its fiscal second quarter 2026 financial and operating results on February 10, 2026, after market close, followed by a conference call on February 11, 2026, at 10:00 a.m. Central Time [1] Group 1: Financial Results Announcement - The financial and operating results for the second quarter of fiscal 2026 will be announced after market close on February 10, 2026 [1] - A conference call to review the results will take place on February 11, 2026, at 10:00 a.m. Central Time [1] Group 2: Conference Call and Webcast Details - Dial-in number for the conference call is (844) 481-2813, with an international dial-in option at (412) 317-0677 [2] - A webcast of the conference call will be available, with a replay accessible until February 12, 2027 [2] Group 3: Company Overview - Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through ownership and investment in onshore oil and natural gas properties in the U.S. [3] - The company aims to build a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development, and production enhancements [3]

Core Insights - Millicom has successfully acquired 100% of EPM's remaining shares in UNE EPM Telecommunicaciones S.A. through a public auction [2][3] - The bid was priced at COP 418,741 per share, totaling approximately COP 2.1 trillion (around USD 571 million) [3] - This acquisition will increase Millicom's ownership in UNE to nearly 100%, enhancing operational efficiency and strategic integration in Colombia [3][4] Financial Details - The total consideration for the acquisition is approximately COP 2.1 trillion, equivalent to USD 571 million [3] - The transaction is set to close on January 29, 2026, in line with auction rules [4] Operational Impact - The acquisition will simplify Millicom's ownership structure, allowing for streamlined operations in Colombia [4] - Millicom aims to accelerate its strategic integration plans following the completion of this acquisition [4] Company Overview - Millicom is a leading provider of telecommunications services in Latin America, offering a range of digital services including mobile financial services and pay TV [5] - As of September 30, 2025, Millicom employed approximately 14,000 people and served over 46 million customers [5]