{"id":961208,"date":"2026-05-12T06:05:15","date_gmt":"2026-05-12T10:05:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-q1-2026-earnings-release\/"},"modified":"2026-05-12T06:05:15","modified_gmt":"2026-05-12T10:05:15","slug":"millicom-tigo-q1-2026-earnings-release","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-q1-2026-earnings-release\/","title":{"rendered":"Millicom (Tigo) Q1 2026 Earnings Release"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <br \/>\u00a0<\/p>\n<p align=\"center\">\n        <b>Millicom (Tigo) Q1 2026 Earnings Release<\/b>\n      <\/p>\n<p>\n        <b>Luxembourg, May 12, 2026<\/b>\u00a0\u2013\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-eUk_DTeriMzoFN0jBXsN95Vy7AdTENgdP3G-JXVZvzGYzzl89Cm72iHxbvyOgEOEYA9HVzHypKRJofo6_TrYA==\" rel=\"nofollow\" target=\"_blank\"><b>Millicom<\/b><\/a> pleased to announce its first quarter 2026 results. Please find below links to the Q1 2026 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.\u00a0<\/p>\n<p>\n        <b>Q1 2026 Highlights*<\/b>\n      <\/p>\n<ul>\n<li style=\"margin-top:3pt;margin-bottom:0.0001pt\">Revenue $2 billion, up 4.2% year-on-year organically and 45.1% as reported<\/li>\n<li style=\"margin-top:3pt;margin-bottom:0.0001pt\">Operating profit $416 million, and Adjusted EBITDA of $857 million, which includes $119 million from acquisitions<\/li>\n<li style=\"margin-top:3pt;margin-bottom:0.0001pt\">Net profit attributable to company owners of $109 million<\/li>\n<li style=\"margin-top:3pt;margin-bottom:0.0001pt\">Equity free cash flow of $225 million up 66.5% year-on-year when excluding last year&#8217;s infrastructure sale <\/li>\n<li style=\"margin-top:3pt;margin-bottom:0.0001pt\">Leverage stood at 2.76x following the acquisitions in Colombia, Ecuador and Uruguay<\/li>\n<\/ul>\n<table style=\"border-collapse: collapse;width:667px;border-collapse:collapse\">\n<tr>\n<td style=\"width:249.4px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\">\n            <b>Financial highlights ($ millions)<\/b>\n          <\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt\">\n            <b>Q1 2026<\/b>\n          <\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt\">\n            <b>Q1 2025<\/b>\n          <\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt\">\n            <b>Change %<\/b>\n          <\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt\">\n            <b>Organic % Change<\/b>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-left: solid black 1pt;vertical-align: top\">Revenue<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">1,985<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">1,368<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">45.1%<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-right: solid black 1pt\">4.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-left: solid black 1pt;vertical-align: top\">Operating Profit<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">416<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">421<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">(1.2)%<\/td>\n<td style=\"width:104.34px;border-right: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-left: solid black 1pt;vertical-align: top\">Net Profit attributable to company owners<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">109<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">193<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">(43.4)%<\/td>\n<td style=\"width:104.34px;border-right: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-left: solid black 1pt;vertical-align: bottom\">\n            <b><br \/>\n              <i>Non-IFRS measures (*)<\/i><br \/>\n            <\/b>\n          <\/td>\n<td style=\"width:104.34px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:104.34px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:104.34px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:104.34px;border-right: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-left: solid black 1pt;vertical-align: top\">Service Revenue<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">1,857<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">1,279<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">45.2%<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-right: solid black 1pt\">4.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-left: solid black 1pt;vertical-align: top\">Adjusted EBITDA<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">857<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">633<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">35.5%<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-right: solid black 1pt\">9.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-left: solid black 1pt;vertical-align: top\">Capex<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">193<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">132<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">46.0%<\/td>\n<td style=\"width:104.34px;border-right: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-left: solid black 1pt;vertical-align: top\">Operating Cash Flow (OCF)<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">664<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">501<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle\">32.7%<\/td>\n<td style=\"width:104.34px;border-right: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:249.4px;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Equity free cash flow (EFCF)**<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt\">225<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt\">135<\/td>\n<td style=\"width:104.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt\">66.5%<\/td>\n<td style=\"width:104.34px;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>\n        <i>*See page 12 for a description of non-IFRS measures and for reconciliations to the nearest equivalent IFRS measures.** EFCF excluding disposals.<\/i>\n      <\/p>\n<p>\n        <b>Millicom Chief Executive Officer Marcelo Benitez commented:\u00a0<\/b>\n      <\/p>\n<p align=\"justify\">\u201cWe are off to a strong start in 2026, with solid operational execution and important progress on the strategic initiatives that will shape the future of Millicom. During the quarter, we strengthened our position in Colombia through the acquisition of EPM\u2019s 50% stake in Tigo UNE and Telef\u00f3nica\u2019s majority stake in Coltel, which we are now fully consolidating in our results. Shortly after quarter-end, we also acquired the remaining stake in Coltel from La Naci\u00f3n de Colombia. Together, these steps give us greater scale, stronger network assets, and a broader customer base in one of our most important markets.<\/p>\n<p align=\"justify\">Led by NJJ, we began to apply the Millicom playbook in Chile, following the acquisition of Telef\u00f3nica Chile. While it is still early, the new leadership team has already taken decisive action to simplify the commercial offer, stabilize ARPU, reduce leverage, and resize the organization.<\/p>\n<p align=\"justify\">Operationally, our underlying business continues to perform well. In Mobile, our prepaid-to-postpaid migration strategy continues to gain traction, supporting ARPU growth and service revenue momentum.<\/p>\n<p align=\"justify\">Financially, Service Revenue grew 4.9% organically to USD $2 billion while Adjusted EBITDA reached $857 million, with a reported margin of 43.2%, despite initial Coltel integration and restructuring costs. Equity free cash flow was $225 million for the quarter improving $90 million year-on-year when excluding last years infrastructure sale, a strong outcome for what is typically our weakest quarter.<\/p>\n<p align=\"justify\">Overall, we are executing a clear strategy: strengthen our core markets, improve customer value, expand convergence, and maintain disciplined cash flow management.\u201d<\/p>\n<p>\n        <b>2026 Financial Targets<\/b>\n      <\/p>\n<p align=\"justify\">Millicom targets 2026 EFCF of at least $900 million and year-end leverage around 2.5x. These targets include restructuring costs of all acquired businesses.<\/p>\n<p>\n        <b>Subsequent Events<\/b>\n      <\/p>\n<p>\n        <b>Colombia &#8211; Purchase of &#8220;La Nacion&#8221; shareholding in Coltel<\/b>\n      <\/p>\n<p align=\"justify\">On April 27, 2026, Millicom completed the acquisition of the remaining 32.5% equity stake in Coltel formerly held by La Naci\u00f3n. <\/p>\n<p>\n        <b>Financing <\/b>\n      <\/p>\n<p align=\"justify\">Corporate: On April 14, 2026, Millicom completed an $87.5 million aggregate principal amount reopening of its 7.375% Senior Notes due 2032 (the \u201cAdditional Notes\u201d) in a Regulation S only private placement that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the \u201cSecurities Act\u201d) to Banco General, S.A. The Additional Notes have been admitted to trading on the Luxembourg Stock Exchange Euro MTF market.<\/p>\n<p align=\"justify\">Colombia (Coltel): On April 13, 2026, Coltel entered into a one-year new bridge facility with Banco Santander for an amount of $100 million at variable rate. Coltel used these funds to repay the $100 million facility with HSBC, with April 17, 2026 as original maturity date.\u00a0 Additionally, on May 7, 2026, Coltel entered into a new one-year working capital loan agreement in local currency by COP 70,000 million (approximately $19 million) with JP Morgan. <\/p>\n<p align=\"justify\">Paraguay: On April 29, 2026, Tigo Paraguay redeemed all of its 5.875% Senior Unsecured Notes due 2027 (the \u201cNotes\u201d) at par plus accrued and unpaid interest, for an aggregate principal amount of approximately $139.7 million.<\/p>\n<p>\n        <b>Tigo Sports <\/b>\n      <\/p>\n<p align=\"justify\">On April 13, 2026, Tigo Central America and FOX Latin America announced an agreement under which FOX acquired Tigo Sports\u2019 local sports content, a portfolio of local rights, production capabilities, and on-air talent across Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, and Panama.<\/p>\n<p>\u00a0<b>Voluntary retirement and severance plans <\/b><\/p>\n<p align=\"justify\">Tigo Colombia: In April, 2026, Tigo Colombia conducted a voluntary retirement plan for its employees; severance expenses related to this plan of approximately COP95,000 million (approximately $26 million). <\/p>\n<p align=\"justify\">Tigo Chile: In April, 2026, Tigo Chile incurred severance costs for approximately CLP19,000 million (approximately $21 million).<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QBoRYw-qAxW742EAqlPpqYYbUzcFovNUZ3gArzsOy_vk463T3741gxg6bgCDXuAXVUg1KgkuVf6lWvq_1-x9GLg-ON7-dkmC-ubmvtkaKPMvXz96m0B22H3aX07LsK6N7QOH7x6mJWj-sYm6IFGhkM9n86-KSrX3ZApyTKFIRoylMRDvx41Z8yZyTDHsnkid\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <b>Q1 2026 Earnings Release<\/b><br \/>\n        <\/a><br \/>\n        <b><br \/>\n          <u><br \/>\n            <br \/>\n          <\/u><br \/>\n        <\/b><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ADLl-AGoaW9P8COkgOnkZPRaiaZCH3PZE3Vjf2HYdVEV-s1cl2QIk37LnhFPrCxFeBbfGeTJaIr9ZAiQTnogFZpE44HZuUjJa0avwf5E4-kSiqfInK7C0EFo3IM5YDmX00feCPLKGmubr-bEXVR_j6tm77PNjP5lseEH5pKUDCSD6tWZcOH97Dh43WJPmeeEbw4dmru7Lfw_YRpJ6in1XQ==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <b>IAS 34 Interim Condensed Consolidated Financial Statements<\/b><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">Millicom is planning to host a <b>video conference<\/b> for the global financial community on May 12, 2026, at 08:00 (New York) \/ 14:00 (Luxembourg) \/ 13:00 (London). <\/p>\n<p align=\"justify\">Registration for the interactive event is required at the following <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nwwEdZcuLP5LJ_CR5xC5XDaFpuIpLA5MNE2Tmb4utfhzQwxp-dLNk4lQpuOV-jrxTTRsQs9DLTNRFmgmn59Ah_TBEmPStzV2L1wcO-jkVDyK2YOtMB1Eunul9mUvELslr-N0KYXb332lE6Fyb2SnxA==\" rel=\"nofollow\" target=\"_blank\">link<\/a>. After registering, you will receive a confirmation email containing details about joining the video conference. Participants who wish to ask a question during the live event must notify the Investor Relations team via email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zbQku5ZPcnw6gJjBlXmkXY7KSBvfx93N47NKsOefeNyiZPujJ3mzmn-rrNRH59Kn1kB-WkBtEc0eb4FoaHX6mKxwRusQ3Ni9EmtGCmZNo2Nwmwk5z6A8a4PBPzjea_CQ\" rel=\"nofollow\" target=\"_blank\">investors@millicom.com<\/a> after the start of the event. <\/p>\n<p align=\"justify\">Participants may also join the conference in listen-only mode by dialing any of the following numbers and entering the <b>Webinar ID: <\/b><b>869 6353 4578<\/b><\/p>\n<p align=\"justify\">\n        <b>US: +1 929 205 6099\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Sweden: +46 850 539 728<\/b>\n      <\/p>\n<p align=\"justify\">\n        <b>UK: +44 330 088 5830\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Luxembourg: +352 342 080 9265<\/b>\n      <\/p>\n<p align=\"justify\">Additional international numbers are available at the following <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nwwEdZcuLP5LJ_CR5xC5XBt237pcbBJKyx4iYmq86q-4WERR-193Jpa9DQ_FLbge7wJwN9cTyUTy3xY80IBwPRg9-lIvIJqp0Teux0gdljc=\" rel=\"nofollow\" target=\"_blank\">link<\/a>. Accompanying slides and a replay of the event will be available on the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-eUk_DTeriMzoFN0jBXsNwsw_S2e6MwC-vURs4Bpy2KcAvKNNgI5xkqvhoz5hpeFNiEfWJHiu5MUomwE4WP8ZNv43SHNU0D0fKGcquOYWYKbUWxyOlAcULjeGP_TasZL\" rel=\"nofollow\" target=\"_blank\">Millicom investors website<\/a>.<\/p>\n<p>\n        <b>For further information, please contact:<\/b>\n      <\/p>\n<table style=\"border-collapse: collapse;border-collapse:collapse\">\n<tr>\n<td style=\"width:311.67px;border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">\n            <b>Press:<\/b>\n          <\/td>\n<td style=\"width:311.67px;border-top: solid black 1pt;border-right: solid black 1pt;vertical-align: top\">\n            <b>Investors:<\/b>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:311.67px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: top\">Sofia Corral, Director Corporate Communications<br \/><a href=\"mailto:press@millicom.com\" rel=\"nofollow\" target=\"_blank\">press@millicom.com<\/a><\/td>\n<td style=\"width:311.67px;border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">Luca Pfeifer, VP of Investor Relations<br \/><a href=\"mailto:\" rel=\"nofollow\" target=\"_blank\">investors@millicom.com<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n        <b>About Millicom<\/b>\n      <\/p>\n<p align=\"justify\">Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO\u00ae and Tigo Business\u00ae brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2026, Millicom, including its Honduras Joint Venture and Chile associate, employed over 20,000 people and provided mobile and fiber-cable services through its digital highways to more than 69 million customers, with a fiber-cable footprint over 22 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida. <\/p>\n<p>\u00a0<\/p>\n<p id=\"gnw_attachments_section-header\">\n        <strong>Attachments<\/strong>\n      <\/p>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n          <a target=\"_blank\" href=\"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/1c52852b-bcd4-4fcf-a0e0-81cded72d5f6\">Millicom &#8211; IAS34 &#8211; Q1 2026<\/a>\n        <\/li>\n<li>\n          <a target=\"_blank\" href=\"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/a631f71d-c04b-4be4-8835-a8ff1a7c9db8\">Millicom &#8211; Earnings Release &#8211; Q1 2026<\/a>\n        <\/li>\n<\/ul>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTE4MTM2NCM0MDIzOTA2NjcjMjAwMTYxNQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/ZTAwZmQ4NjQtNjllMy00YjMzLTgwZWItZjY0YWY1Yzk3OWJkLTEwMTMxODgtMjAyNi0wNS0xMi1lbg==\/tiny\/Millicom-International-Cellula.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Millicom (Tigo) Q1 2026 Earnings Release Luxembourg, May 12, 2026\u00a0\u2013\u00a0Millicom pleased to announce its first quarter 2026 results. Please find below links to the Q1 2026 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.\u00a0 Q1 2026 Highlights* Revenue $2 billion, up 4.2% year-on-year organically and 45.1% as reported Operating profit $416 million, and Adjusted EBITDA of $857 million, which includes $119 million from acquisitions Net profit attributable to company owners of $109 million Equity free cash flow of $225 million up 66.5% year-on-year when excluding last year&#8217;s infrastructure sale Leverage stood at 2.76x following the acquisitions in Colombia, Ecuador and Uruguay Financial highlights ($ millions) Q1 2026 Q1 2025 Change % Organic % Change Revenue 1,985 1,368 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-q1-2026-earnings-release\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Millicom (Tigo) Q1 2026 Earnings Release&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-961208","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millicom (Tigo) Q1 2026 Earnings Release - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-q1-2026-earnings-release\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millicom (Tigo) Q1 2026 Earnings Release - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Millicom (Tigo) Q1 2026 Earnings Release Luxembourg, May 12, 2026\u00a0\u2013\u00a0Millicom pleased to announce its first quarter 2026 results. Please find below links to the Q1 2026 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.\u00a0 Q1 2026 Highlights* Revenue $2 billion, up 4.2% year-on-year organically and 45.1% as reported Operating profit $416 million, and Adjusted EBITDA of $857 million, which includes $119 million from acquisitions Net profit attributable to company owners of $109 million Equity free cash flow of $225 million up 66.5% year-on-year when excluding last year&#8217;s infrastructure sale Leverage stood at 2.76x following the acquisitions in Colombia, Ecuador and Uruguay Financial highlights ($ millions) Q1 2026 Q1 2025 Change % Organic % Change Revenue 1,985 1,368 &hellip; Continue reading &quot;Millicom (Tigo) Q1 2026 Earnings Release&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/millicom-tigo-q1-2026-earnings-release\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-12T10:05:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTE4MTM2NCM0MDIzOTA2NjcjMjAwMTYxNQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-q1-2026-earnings-release\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-q1-2026-earnings-release\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Millicom (Tigo) Q1 2026 Earnings Release\",\"datePublished\":\"2026-05-12T10:05:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-q1-2026-earnings-release\\\/\"},\"wordCount\":993,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-q1-2026-earnings-release\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMTE4MTM2NCM0MDIzOTA2NjcjMjAwMTYxNQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-q1-2026-earnings-release\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millicom-tigo-q1-2026-earnings-release\\\/\",\"name\":\"Millicom (Tigo) Q1 2026 Earnings Release - 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