Millicom(US:TIGO) Globenewswireยท2025-05-08 10:00Financial Performance - Millicom reported Q1 2025 revenue of $1.374 billion, a decrease of 7.6% compared to Q1 2024, with organic revenue decline of 1.6% [4] - Operating profit increased by 30.8% to $423 million, while net profit reached $193 million, significantly up from $92 million in the previous year [4][8] - Adjusted EBITDA was $636 million, a slight increase of 0.6% year-over-year, with organic growth of 6.9% [4] Cash Flow and Capital Expenditure - Equity free cash flow (EFCF) for Q1 2025 was $135 million, a substantial increase of $172 million compared to Q1 2024, excluding disposals [5][8] - Capital expenditures (Capex) rose by 16.7% to $132 million [4] Customer Growth and Market Activity - The company experienced robust customer net additions, with 262,000 postpaid mobile and 62,000 home FTTH/HFC customers added in Q1 2025 [8] - Millicom's CEO highlighted strong commercial activity levels sustained from H2 2024, indicating positive market engagement [5] Future Outlook - Millicom targets an EFCF of approximately $750 million for the full year 2025, with a year-end leverage goal below 2.5x [6] - The targets are based on expected savings from efficiency measures implemented in 2024 and lower restructuring costs in 2025, despite potential foreign exchange impacts [6]