Millicom(US:TIGO) Globenewswire·2025-11-06 11:00Core Insights - Millicom reported strong operational and financial performance in Q3 2025, with significant growth in adjusted EBITDA and net profit [5][6] - The company achieved a record adjusted EBITDA of $695 million, reflecting a margin of 48.9%, and a notable increase in operating profit [4][6] - Millicom's revenue growth was driven by mobile subscriber additions and ARPU expansion, with a year-over-year increase of 3.5% in service revenue [6][8] Financial Highlights - Q3 2025 revenue was $1.42 billion, a slight decrease of 0.7% compared to Q3 2024, but organic growth was 3.0% [4] - Operating profit for Q3 2025 reached $390 million, up 30.1% from the previous year [4] - Net profit attributable to company owners was $195 million, a significant increase from $51 million in Q3 2024 [4] - Adjusted EBITDA for Q3 2025 was $695 million, an 18.7% increase year-over-year [4] - Equity free cash flow for the quarter was $243 million, reflecting a year-to-date increase of $98 million compared to the same period last year [4][6] Strategic Initiatives - The company is focused on executing its strategic plan, which includes advancing inorganic growth initiatives and improving operational efficiency [6] - Millicom aims to achieve an equity free cash flow target of around $750 million for 2025, with a year-end leverage below 2.5x [9] - The company declared an additional interim dividend of $2.5 per share in August, totaling approximately $420 million [8]