Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 33

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 33
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 loss in 1H25 compared to 1H24 was mainly due to a decrease in financial result net of $2,008,028 million which was partially offset by an increase in operating income of $262,602 million and a lower income tax expense of $469,542 million. The net loss contributed by TMA amounted to $14,023 million.

In 1H25, Adjusted EBITDA
totaled $1,007,153 million, representing 30.0% of revenues. Adjusted EBITDA in 1H24 totaled
$690,258 million, representing 29.7% of revenues. The increase of $316,895
million in 1H25 compared to 1H24 was mainly due to the consolidation of the results of TMA, which contributed $226,799 million, along
with an increase of revenues.

| · | Revenues |

|                            |      1H25 |      1H24 | Variation |      |
|                            | $ million |           | $ million |    % |
| Mobile Services            | 1,604,897 |   937,473 |   667,424 | 71.2 |
| Internet Services          |   744,556 |   582,878 |   161,678 | 27.7 |
| Cable Television Services  |   386,699 |   338,872 |    47,827 | 14.1 |
| Fixed and Data Services    |   394,652 |   308,555 |    86,097 | 27.9 |
| Other services revenues    |    30,182 |    24,734 |     5,448 | 22.0 |
| Subtotal Services revenues | 3,160,986 | 2,192,512 |   968,474 | 44.2 |
| Equipment revenues         |   196,018 |   131,592 |    64,426 | 49.0 |
| Total Revenues             | 3,357,004 | 2,324,104 | 1,032,900 | 44.4 |

During 1H25 revenues increased44.4% or $1,032,900 million
compared to 1H24 amounting to $3,357,004 million. The increase in revenues was mainly due
to the consolidation of TMA’s results as of