Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 124

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 124
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 use of adjusted EBITDA, see “Item 5— Operating and Financial Review and Prospects—Adjusted EBITDA”.
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PART I - ITEM 5 OPERATING AND FINANCIAL REVIEW AND PROSPECTS   TELECOM ARGENTINA S.A.
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Financial Results, Net

                                         ​                                             ​       ​          ​           ​        ​       ​        ​       ​   
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​                                                                                                    Year ended December 31,                    Total change
​                                                                                      ​        2024   2023                    ​                  $   %     
Interests on borrowings                                                                    (132,146)               (127,344)   ​     (4,802)   ​      3.8   
Remeasurement in borrowings                                                                (102,728)                 108,438   ​   (211,166)   ​      n/a   
Foreign currency exchange gains (losses) on borrowings                                     1,687,816             (1,360,644)   ​   3,048,460   ​      n/a   
Borrowings renegotiation results and repurchase Notes                                          2,629                 (1,740)   ​       4,369   ​      n/a   
Total financial results from borrowings                                                    1,455,571             (1,381,290)   ​   2,836,861   ​      n/a   
Other foreign currency exchange gains (losses)                                               187,639               (130,191)   ​     317,830   ​      n/a   
Fair value gains / (losses) on financial assets at fair value through profit or loss        (45,400)                 140,072   ​   (185,472)   ​      n/a   
Other interests, net                                                                          24,298                  33,601   ​     (9,303)   ​      (27.7)
RECPAM                                                                                       129,236                 409,001   ​   (279,765)   ​      (68.4)
Other                                                                                      (150,997)                (75,064)   ​    (75,933)   ​      n/a   
Total other financial results, net                                                           144,776                 377,419   ​   (232,643)   ​      (61.6)
Total financial results, net                                                               1,600,347             (1