Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 24

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 24
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Financial results from borrowings and other financial results, net), losses from associates 
 and joint ventures, and depreciation, amortization and impairment of Fixed and intangible    
 assets. For further information on the use of adjusted EBITDA, see “Adjusted EBITDA”.        |

In 9M25, net loss amounted to $272,543 million (compared to a net income of $1,254,213 million in 9M24), representing (4.8)% of revenues (compared to 33.4% of revenues in 9M24). The higher loss in 9M25 compared to 9M24 was mainly due to a decrease in financial results, net of $2,646,478 million which was partially offset by an increase in operating income of $492,466 million and a lower income tax expense of $620,546 million. The net income contributed by TMA amounted to $1,711 million.

In 9M25, Adjusted EBITDA totaled $1,716,387 million, representing 30.5% of revenues. Adjusted EBITDA in 9M24 totaled $ 1,083,434million, representing 28.8% of revenues. The increase of $ 632,953million in 9M25 compared to 9M24 was mainly due to the consolidation of the results of TMA, which contributed $441,608 million, along with an increase of revenues.

| • | Revenues |

|                     |      9M25 |      9M24 | Variation |      |
|                     |         $ 
   million |           |         $ 
   million |    % |
| Mobile              
 Services            | 2,735,909 | 1,521,775 | 1,214,134 | 79.8 |
| Internet            
 Services            | 1,235,080 |   955,895 |   279,185 | 29.2 |
| Cable               
 Television Services |   631,457 |   545,155 |    86,302 | 15.8 |
| Fixed               
 and Data Services   |   676,563 |   471,251 |   205,312 | 43.6 |
| Other               
 services revenues   |    48,296 |    40,057 |     8,239 | 20.6 |
| Subtotal            
 Services revenues   | 5,327,305 |