Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 3

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 3
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      |  6,224,353 |    6,244,016 |
| Equity attributable to non-controlling interest                |      |     76,430 |      126,352 |
| TOTAL EQUITY(See Consolidated Statements of Changes in Equity) |      |  6,300,783 |    6,370,368 |
| TOTAL LIABILITIES AND EQUITY                                   |      | 14,558,789 |   12,593,626 |

The accompanying notes are an integral part of these unaudited condensed
consolidated financial statements.

<div align='center'>F-3

TELECOM ARGENTINA S.A.</div>

CONSOLIDATED INCOME STATEMENTS

(In millions of Argentine pesos in current currency, except per share
data in Argentine pesos in current currency - Note 1.d)

|                                                                                                    |      | Three month period 
              ended |           |     | Six month period 
            ended |           |
|:---------------------------------------------------------------------------------------------------|-----:|-------------------:|----------:|:----|-----------------:|----------:|
| June 30,                                                                                           |      |                    |  June 30, |     |                  |           |
|                                                                                                    | Note |               2025 |      2024 |     |             2025 |      2024 |
| Revenues                                                                                           |   12 |          1,911,678 | 1,193,554 |     |        3,357,004 | 2,324,104 |
| Employee benefit expenses and severance payments                                                   |      |           -499,245 |  -289,042 |     |         -803,339 |  -549,934 |
| Interconnection and transmission costs                                                             |      |            -47,513 |   -32,913 |     |          -94,450 |   -74,385 |
| Fees for services, maintenance, materials and supplies                                             |      |           -242,729 |  -153,867 |     |         -425,083 |  -319,234 |
| Taxes and fees with the Regulatory Authority                                                       |      |           -168,378 |   -93,186 |     |         -289,138 |  -180,302 |
| Commissions and advertising                                                                        |      |           -107,140 |   -62,133 |     |         -182,714 |  -120,828 |
| Cost