Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 36

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 36
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 | -29.6 |
| Total                                                                 
 other financial results, net                                          |   -6,041 |   181,914 |     |   -187,955 |   n/a |
| Total                                                                 
 financial results, net                                                | -685,200 | 1,961,278 |     | -2,646,478 |   n/a |

Telecom incurred a financial loss, net of $685,200 million in 9M25 (compared to a gain of $1,961,278 million in 9M24). Financial results, net contain a loss of $53,854 million corresponding to the consolidation of TMA’s results.

The variation in financial results, net for 9M25 was mainly explained by a higher loss from foreign exchange differences, measured in real terms, amounting to $2,624,058 million (this was driven by an inflation rate of 22.0% versus an appreciation of the U.S. dollar against the Argentine peso of 33.7% (compared to an inflation rate of 101.6% and a U.S. dollar appreciation of 20.0% in 9M24), higher interest on borrowings of $144,750 million due to new loans taken during 9M25, partially offset by a higher remeasurement in borrowings gain of $117,159 million due to the maturity of ONs in UVA which reduced the balance of principal owed and, therefore, the associated finance charges.

| • | Income                
 tax benefit (expense) |

Telecom’s income tax includes the following effects: (i) the current tax payable pursuant to tax legislation applicable to Telecom, and (ii) the effect of applying the deferred tax method on temporary differences arising out of the Company’s asset and liability valuation according to tax versus financial accounting criteria, including the income tax inflation effect.

Income tax benefit amounted to $64,409 million in 9M25 compared to an expense of $556,137 million in 9M24. It includes the following effects: (i) current tax expenses, Telecom’s generated $145,789 million tax expense in 9M25 (compared to an expense of $28,975 million in 9M24), (ii) regarding the deferred tax in 9M25, Telecom recorded a deferred tax benefit of $210,198 million compared to an expense of $527,162 million in 9M24.

Income tax benefit (expense) contains $40,