Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 122

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 122
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 EBITDA as used by other companies.

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PART I - ITEM 5 OPERATING AND FINANCIAL REVIEW AND PROSPECTS   TELECOM ARGENTINA S.A.
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The following table shows the reconciliation of Net income (loss) to Adjusted EBITDA:

                            ​                               ​        ​           ​          ​       ​      ​       ​          ​      
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​                                                                         Year ended December 31,                                    
​                                                           ​          2024   2023                       Total Change                
​                                                                                    (P$ million)   ​    %        ​      (P$ million)
Net income (loss)                                           ​     1,033,252             (543,727)        n/a                1,576,979
Income tax loss (benefit)                                   ​       409,154             (736,601)        n/a                1,145,755
Other financial results, net                                ​     (144,776)             (377,419)        (61.6)               232,643
Financial results from borrowings                           ​   (1,455,571)             1,381,290        n/a              (2,836,861)
Losses from associates and joint ventures                   ​        11,474                 4,111        n/a                    7,363
Operating loss                                              ​     (146,467)             (272,346)        (46.2)               125,879
Depreciation, amortization and impairment of Fixed Assets   ​     1,311,344             1,534,060   14.5                    (222,716)
Adjusted EBITDA                                             ​     1,164,877             1,261,714        (7.7)               (96,837)
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Our consolidated Adjusted EBITDA amounted to P$1,164,877 million in 2024, representing a decrease of P$96,837 million or 7.7% as compared to P$1,261,714 million in 2023. Adjusted EBITDA represented 28.2% and 28.1% of our total consolidated revenues in 2024 and 2023, respectively. 
Depreciation, Amortization and Impairment of Fixed Assets
Depreciation, amortization and impairment of Fixed Assets decreased P$222,716 million, amounting to P$1,311,344 million