Company: TCMFF
Filing Date: 2025-11-10
Form Type: 6-K
Source: 0001104659-25-108893
Chunk: 2

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-10
Form: 6-K
Chunk 2
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MA: TECO2), announced today a consolidatedNet Loss of P$272,543 million for the nine-month period ended September 30, 2025. The consolidatedNet Loss attributable to the Controlling Company amounted to P$289,156 million.

Comparative figures for the previous
fiscal year have been restated by inflation so that the resulting information is presented in terms of the current measurement unit as
of September 30, 2025.

The following table shows the
evolution of the national consumer price index (National CPI - according to INDEC’s official statistics) as of December 31,
2024, and as of September 30, 2024, and 2025:

|                                 | As of September 30, 
 2024                | As of December 31, 
 2024               | As of September 30, 
 2025                |
|:--------------------------------|:--------------------|:-------------------|:--------------------|
| Annual                          | 209.0%              | 117.8%             | 31.8%               |
| 3-month cumulative (since June) | 12.1%               | n/a                | 6.0%                |

During 9M25, consolidated revenues
reached P$5,622,561 million, of which P$5,327,305 million corresponded to Service Revenues. It is worth noting that, during this period,
Service Revenues showed a positive evolution relative to inflation, as detailed below.

|               | Consolidated | Telecom         
 Consolidated    
 (Excluding TMA) | TMA1  |
| 9M25 vs. 9M24 | +50.7%2      | +4.1%           | +5.3% |
| 3Q25 vs. 3Q24 | +63.3%3      | +4.7%           | +1.2% |

| 1- | Telecom does not set TMA’s commercial or pricing policies.                                         |
| 2- | Includes seven months of TMA revenues not reflected in the comparative consolidated period (9M24). |
| 3- | Includes three months of TMA revenues not reflected in the comparative consolidated period (3Q24). |

*As a percentage of Consolidated Revenues

Note: The average of ordinary shares outstanding considered amounted to and 2,153,688,011 as of 9M25 and 9M24