Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 17

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 17
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268,665 | ) |     |              |   n/a |   |     |              |   (691,574 | ) |
| Net loss attributable to:                        |     |              |            |   |     |      |            |   |     |              |       |   |     |              |            |   |
| Controlling Company shareholders                 |     |              |   (960,239 | ) |     |      |   (194,849 | ) |     |              |   n/a |   |     |              |   (765,390 | ) |
| Non-controlling shareholders                     |     |              |          - |   |     |      |    (73,816 | ) |     |              |   n/a |   |     |              |     73,816 |   |
| Adjusted OIBDA(1)                                |     |              |    273,458 |   |     |      |     59,577 |   |     |              |   n/a |   |     |              |    213,881 |   |

| (1) | Adjusted OIBDA is a non-GAAP                                                                                                     
 measure and is defined as operating income excluding depreciation and amortization and impairment loss. For further information, 
 see —(A) Results of Operations—Adjusted OIBDA”.                                                                                  |

In 2024, net loss amounted to P$960,239 million,compared to a net loss of P$268,665 million in 2023. The net loss in 2024 increased
by P$691,574 million compared to 2023, primarily due to impairment losses on assets (net of P$ 889,046 million income tax) based on IAS
36 analysis.

In 2024, Adjusted OIBDAtotaled P$273,458 million, representing 10.9% of revenues. The increase in 2024 compared to 2023 was primarily
due to a decrease in employee benefit expenses and severance payments and supplies.

Revenues and Other income

|                                                  |     | Year ended December 31, |      2024 |     |     |      2023 |     |   | Total Change |   |     |              |          |   |
|:-------------------------------------------------|:----|:------------------------|----------:|:----|:----|----------:|:----|:--|-------------:|:--|:----