Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 30

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 30
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 |     |     |  505,015 |   |
| Net cash flows used in investment activities                     |     |                         | (416,259 | ) |     |     | (407,256 | ) |
| Net cash flows used in financing activities                      |     |                         |  (61,042 | ) |     |     |   (5,720 | ) |
| Effect of exchange rate differences on cash and cash equivalents |     |                         |    4,702 |   |     |     |  230,760 |   |
| Effect of RECPAM on cash and cash equivalents                    |     |                         | (120,994 | ) |     |     | (393,274 | ) |
| Net cash flows                                                   |     |                         | (212,264 | ) |     |     |  (70,475 | ) |
| Cash and cash equivalents at the beginning of the year           |     |                         |  353,422 |   |     |     |  423,897 |   |
| Cash and cash equivalents at the end of the year                 |     |                         |  141,158 |   |     |     |  353,422 |   |

As
of December 31, 2024, and 2023, TMA had P$141,158 million and P$353,422 million in cash and cash equivalents, respectively.

Cash
flows from operating activities were P$381,329 million and P$505,015 million in 2024 and 2023, respectively.

Net cash provided by operating activities decreased P$123,686 million, or 24.5% in 2024 compared to 2023, primarily due to a decrease of P$292,522 million in net cash outflows in connection with changes in TMA assets and liabilities. This decrease was primarily due to (i) an
increase in trade payable payments, mostly due to settlements of outstanding foreign currency payables (which also were settled using
government bonds), (ii) an increase of P$175,939 million in net losses, adjusted for non-cash income and expense, and (iii) a
P$29,923 million decrease in interest payments received.

Cash
flows used in investment activities were P$416,259 million and P$407,256 million in 2024 and 2023, respectively.

In
2024, cash flows used in investing activities included payment for financial assets of P