Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 59

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 59
---
,299 million, partially offset by and the net gain on restatement in constant
currency amounting to $25,000 million.

The income tax benefit for 2Q25 was $92,472 million and the Company
obtained a net loss of $174,361 million for that period ((9.1)% of revenues). Net loss attributable to controlling company amounted to
$178,207 million in 2Q25.

The following table shows the reconciliation of
Net income to Adjusted EBITDA:

|                                                            |      2Q25 |     2Q24 | Variation |   |      |
|                                                            | $ million |          |         $ 
   million | % |      |
| Net                                                        
 income (loss)                                              |  -174,361 |   82,068 |  -256,429 |   |  n/a |
| Income                                                     
 tax benefit (expense)                                      |   -92,472 |  155,508 |  -247,980 |   |  n/a |
| Other                                                      
 financial results, net                                     |    10,478 |  -37,443 |    47,921 |   |  n/a |
| Financial                                                  
 results from borrowings                                    |   311,912 | -245,382 |   557,294 |   |  n/a |
| Losses                                                     
 from associates and joint ventures                         |     1,842 |    1,898 |       -56 |   | -3.0 |
| Operating                                                  
 income / (loss)                                            |    57,399 |  -43,351 |   100,750 |   |  n/a |
| Depreciation,                                              
 amortization and impairment of Fixed and intangible assets |   470,631 |  391,207 |    79,424 |   | 20.3 |
| Adjusted                                                   
 EBITDA                                                     |   528,030 |  347,856 |   180,174 |   | 51.8 |

| 4. | Trend       
 information |

During the first half of 2025, in a context of
gradual macroeconomic stabilization and decelerating inflation, Telecom Argentina maintained its strategy of consolidating its position
as a key player in the country’s digital ecosystem by integrating connectivity, technology services, and entertainment. Amid an
environment showing early signs of recovery in sectors critical to the digital economy and an