Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 5

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 5
---
330 | -53,577 |     |           17,262 |  -225,063 |
| Total comprehensive income (loss) for the period           |           -149,031 |  28,491 |     |          -58,292 |   972,867 |
| Attributable to:                                           |                    |         |     |                  |           |
| Controlling Company                                        |           -156,939 |  39,145 |     |          -67,448 | 1,029,254 |
| Non-controlling interest                                   |              7,908 | -10,654 |     |            9,156 |   -56,387 |
|                                                            |           -149,031 |  28,491 |     |          -58,292 |   972,867 |

The accompanying notes are an integral part of these unaudited condensed
consolidated financial statements.

<div align='center'>F-5

TELECOM ARGENTINA S.A.</div>

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In millions of Argentine pesos in current currency –
Note 1.d)

|                                                                                                        | Owners contribution |            |    Reserves |         |                     |             |         Other 
 comprehensive 
          loss |   Retained 
   earnings | Equity attributable to 
    controlling company | Equity attributable to 
        non-controlling 
               interest |     Total 
    Equity |
|                                                                                                        |         Outstanding 
              shares 
             Capital 
       nominal value |  Inflation 
 adjustment | Contributed 
     Surplus |   Legal | Special reserve for 
 IFRS implementation | Facultative 
         (1) |               |            |                        |                        |           |
| Balances as of January 1, 2024                                                                         |               2,154 |  2,152,978 |   3,165,529 | 127,870 |              46,885 |     714,762 |      -130,662 |   -645,972 |              5,433,544 |                194,373 | 5,627,917 |
| Resolutions of the General Ordinary and Extraordinary Shareholders’ Meeting held on April 25, 2024     |                     |            |             |         |                     |             |               |            |                        |                        |           |
| - Absorption of retained earnings (losses) and reserve reclassification                                |                   -