Telecom Argentina Reports 1H25 & 2Q25 Results

Ticker: TCMFF · Form: 6-K · Filed: Aug 11, 2025 · CIK: 932470

Telecom Argentina SA 6-K Filing Summary
FieldDetail
CompanyTelecom Argentina SA (TCMFF)
Form Type6-K
Filed DateAug 11, 2025
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$3,357,004 million, $3,160,986 million, $1,007,153 million, $75,554 million, $1,197,930 million
Sentimentneutral

Sentiment: neutral

Topics: financial-results, inflation-accounting, telecom

Related Tickers: TEO

TL;DR

TEO dropped 1H25 & 2Q25 results, showing inflationary accounting impact.

AI Summary

Telecom Argentina S.A. reported its consolidated results for the first half (1H25) and second quarter (2Q25) of fiscal year 2025. The company's market capitalization on the NYSE was US$4,346.14 million as of the filing date. The reported figures for 1H25 include the effects of adopting inflationary accounting under IAS 29.

Why It Matters

This filing provides investors with key financial performance indicators for Telecom Argentina, crucial for understanding the company's operational health and market position in the telecommunications sector.

Risk Assessment

Risk Level: low — This is a routine financial results disclosure and does not contain significant new risks.

Key Numbers

  • US$ 4,346.14 million — Market Cap (As reported on the NYSE)

Key Players & Entities

  • Telecom Argentina S.A. (company) — Registrant
  • US$ 4,346.14 million (dollar_amount) — Market Cap on NYSE
  • 1H25 (date) — First half of fiscal year 2025
  • 2Q25 (date) — Second quarter of fiscal year 2025
  • IAS 29 (other) — Accounting standard for inflationary accounting
  • Luis Fernando Rial Ubago (person) — Contact Person
  • Tomás Pellicori (person) — Contact Person

FAQ

What is the primary purpose of this 6-K filing?

The primary purpose is to report Telecom Argentina S.A.'s consolidated financial results for the first half (1H25) and second quarter (2Q25) of fiscal year 2025.

What accounting standard is mentioned as impacting the 1H25 figures?

The figures for 1H25 include the effects of the adoption of inflationary accounting in accordance with IAS 29.

What was Telecom Argentina S.A.'s market capitalization on the NYSE?

The market capitalization on the NYSE was US$4,346.14 million.

What is the company's principal executive office address?

The address of the principal executive offices is General Hornos, No. 690, 1272 Buenos Aires, Argentina.

Which form is Telecom Argentina S.A. required to file annually?

Telecom Argentina S.A. files annual reports under cover of Form 20-F.

Filing Stats: 4,484 words · 18 min read · ~15 pages · Grade level 8.7 · Accepted 2025-08-11 17:21:46

Key Financial Figures

  • $3,357,004 million — ng 1H25, consolidated revenues totaled P$3,357,004 million. Service revenues reached P$3,160,986 m
  • $3,160,986 million — ,004 million. Service revenues reached P$3,160,986 million in 1H25, with the following breakdown:
  • $1,007,153 million — Income before D, A & I”) totaled P$1,007,153 million (+45.9% vs 1H24, due to the contributio
  • $75,554 million — ny recorded a consolidated net loss of P$75,554 million (vs. a profit of P$1,197,930 million in
  • $1,197,930 million — s of P$75,554 million (vs. a profit of P$1,197,930 million in 1H24). This was mainly due to a loss
  • $4,029,971 million — onsolidated Net Financial Debt totaled P$4,029,971 million as of June 30, 2025, increasing in real
  • $92,053 million — rights of use as of June 30, 2025 for P$92,053 million and as of June 30, 2024 for P$127,366 m
  • $127,366 million — 53 million and as of June 30, 2024 for P$127,366 million. *** Telecom figures include IP teleph
  • $83,792 million — to the Controlling Company amounted to P$83,792 million. Comparative figures for the previous
  • $3,357,004 m — ng 1H25, consolidated revenues reached P$3,357,004 million, with consolidated service revenu
  • $3,160,986 million — consolidated service revenues totaling P$3,160,986 million. In 1H25, consolidated service revenue
  • $1,604,897 million — ed mobile service revenues amounted to P$1,604,897 million (+P$667,424 million or +71.2% vs. 1H24)
  • $667,424 million — nues amounted to P$1,604,897 million (+P$667,424 million or +71.2% vs. 1H24), positioning mobile
  • $1,532,029 million — service revenues in Argentina reached P$1,532,029 million (+P$684,175 million or +80.7% vs. 1H24)
  • $684,175 million — rgentina reached P$1,532,029 million (+P$684,175 million or +80.7% vs. 1H24). This increase was

Filing Documents

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2025 Commission File Number: 001-13464 Telecom Argentina S.A. (Translation of registrant’s name into English) General Hornos, No. 690, 1272 Buenos Aires, Argentina (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F X Form 40-F Contacts: Luis Fernando Rial Ubago - lfrialubago@teco.com.ar Tomás Pellicori - tlpellicori@teco.com.ar Market Cap (NYSE: TEO): US$ 4,346.14 million 1 Telecom Argentina S.A. announces consolidated results for the first half (“1H25”) and second quarter of fiscal year 2025 (“2Q25”) 2 Note: 1H25 figures include the effects of the adoption of inflationary accounting in accordance with IAS 29. Therefore, comments regarding 1H25 results and changes in 1H24 results mentioned in this press release correspond to “restated for inflation” or “constant” figures. Moreover, Table 3 shows information broken down by segment for the periods ended as of June 30 of 2025 and 2024, as analyzed by the Executive Committee and the CEO, who periodically receive the economic-financial information of Telecom and its subsidiaries (in historical values). The comments corresponding to the consolidated results for 1H25 include the results of Telefónica Móviles Argentina (“TMA”) for the four-month period from March 1 to June 30, 2025 , unless otherwise specified. For further details, please refer to the headings of the financial tables beginning on page 12 . · For analysis purposes, it is important to highlight that the comparative results (June 2024) reflect the year-over-year effect of inflation through June 2025, which reached 39.4%. Additionally, the consolidated results for 1H25 include four months of contributions from TMA , which were not present in the comparative period 1H24. · During 1H25, consolidated revenues totaled P$3,357,004 million. Service revenues reached P$3,160,986 million in 1H25, with the following breakdown: o Telecom (excluding TMA) 3 : +3.8% vs. 1H24 (vs. -11.7% in real terms in 1H24 vs. 1H23). o TMA: +7.5% vs. 1H24. It is worth noting that Telecom does not determine TMA’s commercial or pricing policies. o Consolidated: +44.2% vs. 1H24, including four months of TMA revenues not present in the comparative consolidated period (1H24). · During 1H25, the customer base in Argentina showed positive evolution: o Telecom (excluding TMA): Although total mobile accesses declined by 1.3%, reaching 20.9 million, postpaid accesses grew by 1.1%. Pay TV subscribers also increased, totaling 3.2 million in the period (+71 thousand or +2.3% vs. 1H24). Lastly, the fixed broadband segment registered a 1.5% increase in the customer base, totaling 4.1 million accesses (+60 thousand vs. 1H24). o TMA: Total mobile accesses (including M2M) reached 19.3 million (+464 thousand or +2.5% vs. 1H24). Meanwhile, fixed broadband accesses totaled 1.6 million (+90 thousand or +6.0% vs. 1H24). Lastly, pay TV subscribers amounted to 0.4 million in the same period (-27 thousand or -6.1% vs. 1H24). · During 1H25, consolidated Operating Income before Depreciation, Amortization, and Impairment of Fixed Assets (“Operating Income before D, A & I”) totaled P$1,007,153 million (+45.9% vs 1H24, due to the contribution of 4 months of TMA), resulting in a consolidated margin of 30.0% (+0.3 p.p. vs 1H24). Telecom’s margin (excluding TMA) was 32.5% (+2.8 p.p. vs 1H24). · During 1H25, the Company recorded a consolidated net loss of P$75,554 million (vs. a profit of P$1,197,930 million in 1H24). This was mainly due to a loss recorded in net financial results (vs. a gain in 1H24), partially offset by stronger operating results and a lower income tax loss. · Consolidated CAPEX (excluding additions from rights of use) represented 14.3% of consolidated revenues in 1H25. · Consolidated Net Financial Debt totaled P$4,029,971 million as of June 30, 2025, increasing in real terms (+38.2% in constant currency vs. December 31, 2024). This increase was mainly driven by the financing obtained for the acquisition of TMA. (1) Market capitalization as of August 8, 2025 (2) Unaudited non-financial information (3) This refers to the exclusion of the consolidated results from the segment “ICT Services Provided in Argentina – TMA Networks,” as presented in Table 3. The same criterion will apply going forward to any results labeled as “Telecom (excluding TMA).” TELECOM ARGENTINA 1 * Figures may not add up due to rounding. ** In constant currency – includes additions f

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