Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 25

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 25
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 security charges.

The effect generated by the
restatement in current currency as of December 31, 2024, included in employee benefit expenses and severance payments amounted to
P$ 102,847 million and P$ 562,587 million in 2024 and 2023, respectively.

Variation of allowances for doubtful accounts (bad debt expenses)

Variation of allowances for
doubtful accounts expenses increased P$3,158 million, amounting to P$63,402 million in 2024, representing 2.5% and 2.4% of the revenues
in 2024 and 2023, respectively,

The effect generated by the
restatement in current currency as of December 31, 2024, included in bad debt expenses amounted to P$10,034 million and P$45,592
million in 2024 and 2023, respectively.

Other expenses

Other expenses (which include
legal claims and contingent liabilities, energy and other public services, insurance, rentals, taxes and internet capacity, among others)
increased P$35,392 million, amounting to P$1,080,235 million. The increase is mainly due to an increase in other external services (commissions
to financial institutions, call centers), commissions, energy and security expenses. This increase was partially offset by decrease in
fees and compensation for services, decrease in taxes, duties, and contributions, a decrease in compensation for directors and the supervisory
board, and decrease in advertising and promotion expenses.

The effect generated by the
restatement in current currency as of December 31, 2024, included in other expenses amounted to P$252,925 million and P$797,591 million
in 2024 and 2023, respectively.

For more information on operating cost, see Note
17 and 19. c) of the TMA Financial Statements.

Adjusted OIBDA

TMA’s former management used “Adjusted
OIBDA” metric, to make decisions about allocating resources and to evaluate financial performance. OIBDA is defined as operating
income excluding depreciation and amortization and impairment loss. TMA management believes that, in addition to the financial information
expressly defined under IFRS Accounting Standards, this is a measure that provides information useful to assess our performance. This
measure should not be viewed in isolation or as a substitute for the measures presented according to the IFRS Accounting Standards.

TMA’s former management