Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 33

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 33
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, materials and supplies amounted to $714,553 million in 9M25, increasing $207,981 million or 41.1% compared to 9M24.

The consolidation of TMA’s results contributed $226,140 million, the most relevant being consulting, advisory and surveillance fees and maintenance costs.

Excluding the impact of the consolidation of TMA, the decrease was mainly explained by the optimization and management of resources, which led to lower maintenance, materials and supplies costs of $11,614 million and lower service fees for $6,864 million.

The effect generated by the restatement in constant currency as of September 30, 2025, included Fees for services, maintenance, materials and supplies amounted to $67,099 million and $211,112 million in 9M25 and 9M24, respectively.

Taxes and fees with the Regulatory Authority

Taxes and fees with the Regulatory Authority, including turnover tax, municipal taxes and other taxes, amounted to $485,015 million in 9M25, increasing $191,361 million or 65.2 % compared to 9M24. Taxes and fees with the Regulatory Authority represent 8.6% and 7.8% of revenues in 9M25 and 9M24, respectively.

The increase was mainly due to the consolidation of TMA’s results, which contributed $167,904 million, mainly include turnover taxes and taxes with the Regulatory Authority.

Excluding the impact of the consolidation of TMA, the increase is mainly explained by the impact of taxes on the respective services in relation to the sales associated with them in 9M25 compared to 9M24.

The effect generated by the restatement in constant currency as of September 30, 2025, included in Taxes and fees with the Regulatory Authority amounted to $33,275 million and $106,912 million in 9M25 and 9M24, respectively.

Commissions and advertising

Commissions and advertising amounted to $297,533 million in 9M25, increasing $92,755 million or 45.3% compared to 9M24.

The increase was mainly due to the consolidation of TMA’s results, which contributed $100,215 million, that include commissions for collections.

Excluding the impact of the consolidation of TMA, the variation is mainly explained by a decrease in advertising costs related to Personal Pay campaigns and lower financial discounts related to credit card transactions. This effect is partially offset by an increase