Company: TCMFF
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001104659-25-018326
Chunk: 8

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 8
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5% vs.              
 FY23). This charge includes the impact of the amortization of assets incorporated after December 31, 
 2023, partially offset by the effect of the assets that were completely amortized after such         
 date.                                                                                                |

Net Financial Results Net Financial Results (including Financial Expenses on Debt and Other Financial Results) showed an income of P$1,600,347 million in FY24 (vs. a loss of P$1,003,871 million in FY23), mainly due to:

| TELECOM ARGENTINA | 6 |

*Related to Notes issued in UVA Exchange gains from exchange rate differences, measured in real terms, these primarily stem from exchange rate differences on financial debt and are the result of inflation outpacing the appreciation of the US dollar against the Argentine peso (117.8% vs. 27.7%, respectively in the FY24). Income Tax Telecom’s income tax includes the following effects:

| i) | the                                                                                        
 current income tax, determined based on the current tax legislation applicable to Telecom, |

| ii) | the                                                                                         
 effect of applying the deferred tax method with respect to temporary differences determined 
 by comparing our asset and liability valuation according to tax and financial accounting    
 criteria which includes the effect of the income tax inflation adjustment.                  |

Income tax loss amounted to P$409,154 million in FY24 (vs. an income of P$736,601 million in FY23). The loss related to item (i) above amounted to P$10,904 million in FY24 (vs. a loss of P$6,313 million in FY23) and the income tax effect related to the application of the deferred tax method described in item (ii) above is a loss of P$398,250 million in FY24 (vs. an income of P$742,914 million in FY23). Consolidated Net Financial Debt As of December 31, 2024, our net financial debt (cash, cash equivalents – net of Client Funds - plus financial investments and financial NDF* minus loans) is passive and amounted to P$2,524,923 million, which represents a decrease of P$1,478,966 when compared to the net financial debt as of December 31, 2023, restated by inflation. * Contemplates rate swaps and NDF (non-delivery forwards) agreements. Investments in PP&E, intangible assets and rights of use assets During FY24, the Company invested (including rights of use assets)