Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 28

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 28
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 amortization and impairment loss |     |              | 1,795,422 |     |      | 492,168 |     |        |   n/a |   |     |              | 1,303,254 |   |

Depreciation, amortization
and impairment loss increased P$1,303,254 million, amounting to P$1,795,422 million in 2024 as compared to P$492,168 million in 2023.

The variation was mainly due toan impairment loss in “Intangible Assets” and in “PP&E”. For additional
information regarding the impairment losses, see Note 4 of the TMA Financial Statements.

The effect generated by the
restatement in current currency as of December 31, 2024, included in Depreciation, amortization and impairment loss amounted to P$362,049
million and P$466,494 million in 2024 and 2023, respectively.

Operating result

In 2024, TMA’s operating
loss amounted to P$1,521,964, representing an increase of P$1,089,373 million as compared to 2023. Operating loss represented (60.6) %
and (17.1)% of TMA’s revenues in 2024 and 2023, respectively. For a more detailed understanding of the losses, see the explanations
in “–(A) Results of Operations.”

|                                                |     | Year ended December 31, |       2024 |   |     |     |     2023 |   |
|:-----------------------------------------------|:----|:------------------------|-----------:|:--|:----|:----|---------:|:--|
|                                                |     | -P$ millions / %        |            |   |     |     |          |   |
| Adjusted OIBDA (1)                             |     |                         |    273,458 |   |     |     |   59,577 |   |
| Depreciation, amortization and impairment loss |     |                         | (1,795,422 | ) |     |     | (492,168 | ) |
| As % of revenues                               |     |                         |      (71.5 | ) |     |     |    (19.5 | ) |
| Operating loss                                 |     |                         | (1,521,964 | ) |     |     | (432,591 | ) |
| As