Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 26

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 26
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believed that this non-IFRS Accounting Standards measure was a useful metric used by analysts, investors and other interested parties
in the telecommunications industry, although it is not a measure explicitly defined in IFRS Accounting Standards. This measure should
not be considered as a substitute for operating income or any IFRS Accounting Standards measures of earnings. Additionally, TMA’s
calculations of Adjusted OIBDA may be different from the calculations used by other entities. Therefore, TMA’s measure of Adjusted
OIBDA may not be comparable to that of other entities and the Company.

The following table shows the reconciliation of Operating result to AdjustedOIBDA:

|                               |     | Year ended December 31, 
 2024                    |            |   |     | 2023 |          |   |     | Total Change |       |   |     |              |            |   |
|:------------------------------|:----|:------------------------|-----------:|:--|:----|:-----|---------:|:--|:----|:-------------|:------|:--|:----|:-------------|-----------:|:--|
|                               |     | -P$ millions            |            |   |     |      |          |   |     | %            |       |   |     | -P$ millions |            |   |
| Operating result              |     |                         | (1,521,964 | ) |     |      | (432,591 | ) |     |              | n/a   |   |     |              | (1,089,373 | ) |
| Impairment loss               |     |                         |  1,367,764 |   |     |      |        - |   |     |              | n/a   |   |     |              |  1,367,764 |   |
| Depreciation and amortization |     |                         |    427,658 |   |     |      |  492,168 |   |     |              | (13.1 | ) |     |              |    (64,510 | ) |
| Adjusted OIBDA                |     |                         |    273,458 |   |     |      |   59,577 |   |     |              | n/a   |   |     |              |    213,881 |   |

AdjustedOIBDA amounted to P$273,458 million in 2024,