XML 255 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated statement of changes in equity - USD ($)
$ in Millions
Total
Adjustment on adoption of Amendment to IAS 21 (Introduction Note)
Total
Total
Adjustment on adoption of Amendment to IAS 21 (Introduction Note)
Share capital
Treasury shares
Share premium
 [2]
Retained profits
 [3]
Other reserves
Other reserves
Adjustment on adoption of Amendment to IAS 21 (Introduction Note)
 [2]
Non- controlling interests
Number of shares outstanding at beginning of period (in shares) at Dec. 31, 2022         172,096,000 [1] 1,213,000          
Equity, beginning of period at Dec. 31, 2022 $ 3,634   $ 3,605   $ 258 [2] $ (47) $ 1,085 $ 2,868 $ (559) [2]   $ 29
Total comprehensive income/ (loss) for the year (223)   (35)         (82) 47 [2]   (188)
Transfer to legal reserve 0 [2]             (2) 2 [2]    
Purchase of treasury shares (in shares) [4]           (604,000)          
Purchase of treasury shares [4] (10)   (10)     $ (18)   7      
Share based compensation [2] 52   50           50   1
Issuance of shares under share-based payment schemes (in shares)           1,447,000          
Issuance of shares under share-based payment schemes 1   1     $ 57 (9) (7) (40) [2]    
Effect of the buy-out of non-controlling interests in Panama (1)   (1)         (1)      
Put Option reserve (81)   (81)         (81)      
Capital injection in subsidiary 74                   74
Number of shares, end of period (in shares) at Dec. 31, 2023         172,096,000 [1] 370,000          
Equity, end of period at Dec. 31, 2023 3,445   3,529   $ 258 [2] $ (8) 1,076 2,703 (500) [2]   (84)
Total comprehensive income/ (loss) for the year 280   250         253 (3) [2]   30
Dividends (173)   (172)         (172)     (1)
Transfer to legal reserve $ 0 [2]             (8) 8 [2]    
Purchase of treasury shares (in shares) (2,983,320)         (3,451,000) [4]          
Purchase of treasury shares [4] $ (72)   (72)     $ (73)   1      
Share based compensation [2] 50   49           49   1
Share based cancellation (35)   (35)           (35) [2]    
Issuance of shares under share-based payment schemes (in shares)           1,963,000          
Issuance of shares under share-based payment schemes 1   1     $ 38 (12) 24 (50) [2]    
Put Option reserve 79   79         79      
Number of shares, end of period (in shares) at Dec. 31, 2024         172,096,000 [1] 1,857,000          
Equity, end of period at Dec. 31, 2024 3,574 $ (188) 3,628 $ (188) $ 258 [2] $ (43) 1,064 2,881 (531) [2] $ (188) (54)
Total comprehensive income/ (loss) for the year 1,397   1,362         1,316 46 [2]   35
Dividends $ (1,050)   (1,048)         (1,048)     (2)
Purchase of treasury shares (in shares) (4,216,397)         (4,511,000) [4]          
Purchase of treasury shares [4] $ (128)   (128)     $ (127)   (1)      
Cancellation of treasury shares (in shares) [5]         3,096,000 [1] 3,096,000          
Cancellation of treasury shares [5] 0       $ (5) [2] $ 84 (19) (61)      
Share based compensation [2] 14   14           14    
Issuance of shares under share-based payment schemes (in shares)           1,366,000          
Issuance of shares under share-based payment schemes 0         $ 33 (8) 4 (29) [2]    
Number of shares, end of period (in shares) at Dec. 31, 2025         169,000,000 [1] 1,906,000          
Equity, end of period at Dec. 31, 2025 $ 3,621   $ 3,640   $ 253 [2] $ (52) $ 1,036 $ 3,091 $ (689) [2]   $ (20)
[1] The authorized share capital amounts to $300 million divided into 200 million shares with a par value of $1.50 each.
[2] Share capital, share premium (including the effects of rights offering) and other reserves (including share-based compensation) – see note C.1.
[3] Retained profits – includes profit for the year attributable to equity holders, of which $661 million (2024: $562 million; 2023: $491 million) are not distributable to equity holders.
[4] During the year ended December 31, 2025, Millicom repurchased 4,216,397 shares for a total amount of $119 million , completing the Share Repurchase Plan launched during 4Q 2024 for a total of approximately $150 million (2024: 2,983,320 shares for a total amount of $63 million ) and withheld approximately 294,709 shares for the settlement of tax obligations on behalf of employees under share-based compensation plans (2024: 467,247; 2023: 320,985).
[5] On May 21, 2025, an Extraordinary General Meeting of shareholders approved, a 3,096,305 treasury shares cancellation.