Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 126

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 126
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) regarding current tax expenses, Telecom’s generated tax loss in fiscal year 2024 amounting to P$10,904 million and tax loss in fiscal year 2023 amounting to P$6,313 million, and (ii) regarding the deferred tax, in 2024 Telecom recorded a deferred tax loss of P$398,250 million compared to a deferred tax gain of P$742,914 million in 2023.
For more information on income tax, see Notes 3 and 15 to our Consolidated Financial Statements.
Net income (loss)
Telecom Argentina recorded a net income of P$1,033,252 million in 2024 as compared to a net loss of P$543,727 million for 2023 and represents 25% of consolidated revenues as compared to (12.1)% in 2023. The increase in the net income was mainly due to the income before income tax of P$1,442,406 million, partially offset by the income tax loss amounting to P$409,154 million.
Net income attributable to controlling shareholders amounted to P$1,012,404 million in 2024 as compared to a net loss of P$561,242 million in 2023.

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PART I - ITEM 5 OPERATING AND FINANCIAL REVIEW AND PROSPECTS   TELECOM ARGENTINA S.A.
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(A.2) 2023 Compared to 2022

                                         ​                                            ​         ​         ​          ​        ​      ​       ​          ​      
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​                                                                                                                Year ended                                    
​                                                                                     ​                        December 31,   ​    ​        ​                 ​
​                                                                                     2023               2022                      Total Change                
​                                                                                                              (P$ million)   ​    %        ​      (P$ million)
Revenues                                                                              ​      4,483,972            4,944,819        (9.3)              (460,847)
Operating costs (without depreciation, amortization and impairment of Fixed Assets)   ​    (3,222,258)          (3,585,978)        (10.1)               363,720
Depreciation, amortization and impairment of Fixed Assets                                  (1,534,060)          (3,358,932)        (54.3)             1,824,872
Operating loss                                                                        ​      (272,346)          (2,000,091)