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ACCESS Newswire·

Telecom Argentina S.A. Announces Consolidated Annual Results ("FY25") and Fourth Quarter of Fiscal Year 2025 ("4Q25")(2)

TEO
  • Telecom Argentina reported a consolidated net loss of P$145,304 million for FY25, compared to a net income of P$1,359,230 million in FY24.
  • Consolidated revenues reached P$8,328,814 million in FY25, a 54.7% increase vs. FY24, driven by the consolidation of Telefónica Móviles Argentina (TMA) results for ten months.
  • Service revenues totaled P$7,902,043 million, with Telecom (excluding TMA) revenues growing 4.2% vs. FY24, while TMA revenues grew 3.8% vs. FY24.
  • Consolidated Operating Income before Depreciation, Amortization & Impairment (EBITDA) margin improved to 30.3% in FY25, up 2.1 percentage points from FY24.
  • A consolidated net loss was primarily attributed to higher exchange rate losses in real terms due to 31.5% inflation vs. 41.0% peso depreciation, contrasting with FY24 figures.
  • Consolidated CAPEX totaled P$1,485,577 million, representing 17.8% of revenues, with investments focused on 4G/5G expansion, FTTH deployment, & network modernization.
  • Consolidated Net Financial Debt reached P$4,650,085 million as of December 31, 2025, increasing 40.2% in real terms, mainly due to financing for the TMA acquisition.
  • Telecom (excluding TMA) mobile accesses decreased 7.8% to 19.9 million, largely due to disconnections of prepaid lines with no traffic, while fixed broadband accesses increased 3.2% to 4.2 million.
  • TMA mobile accesses grew 1.6% to 19.1 million, including M2M, while fixed broadband accesses increased 5.8% to 1.6 million.
  • The Company consolidated its commercial brands under "Personal" across all segments in December 2025, while maintaining its legal name & ticker symbols.
  • CFO Gabriel Blasi stepped down on December 23, 2025, with Federico Pra assuming interim CFO responsibilities.
  • In January 2026, the Company issued US$600 million in Class 27 notes to prepay loans related to the TMA acquisition & fully redeem Class 1 notes.
  • An agreement with Banco Macro was signed on January 22, 2026, to expand Personal Pay services, with Banco Macro acquiring a 50% stake in Micro Sistemas for US$75 million.
  • The Board proposed absorbing the FY25 net loss of P$123,939 million from the "Facultative Reserve" & reclassifying merger-related negative results against Merger premium.