How Millicom International Cellular makes money

Period

FY2025

How does Millicom International Cellular make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Millicom International Cellular S.A. · FY2025 · year ended 2025-12-31

Revenue$5.8BGross profit$4.5B · 77%Cost of revenue$1.3B · 23%Operating income$1.7B · 29%Operating expenses$2.9B · 49%Other opex$2.9B · 49%Net income$1.4B · 23%Income tax$303M · 5%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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