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ACCESS Newswire·

Telecom Argentina S.A. Announces Consolidated Results for the First Quarter of Fiscal Year 2026 ("1Q26")(2)

TEO
  • Telecom Argentina reported consolidated net income of P$642,984 million for Q1 2026, a significant increase from P$123,593 million in Q1 2025, driven primarily by foreign exchange gains due to peso appreciation.
  • Consolidated revenues reached P$2,357,686 million in Q1 2026, representing a 33.6% year-over-year increase that includes three months of TMA revenue versus one month in the comparative period.
  • The adoption of inflationary accounting under IAS 29 was applied, with cumulative inflation reaching 32.6% for the year ending March 2026.
  • Telecom Argentina's mobile access base (excluding TMA) declined by 8.9% to 19.4 million, while TMA's mobile accesses grew by 1.8% to 19.2 million.
  • Fixed broadband accesses increased by 3.3% to 4.2 million for Telecom (excluding TMA) and by 4.8% to 1.6 million for TMA.
  • Pay TV accesses grew by 4.7% to 3.3 million for Telecom (excluding TMA) but declined by 1.8% to 0.4 million for TMA.
  • Operating Income before Depreciation, Amortization & Impairment (EBITDA) margin reached 34.8% in Q1 2026, up 1.6 percentage points from Q1 2025, with Telecom (excluding TMA) exceeding 38%.
  • Consolidated CAPEX totaled P$433,768 million, an 85.1% increase compared to Q1 2025, representing 18.4% of revenues.
  • Net Financial Debt decreased by 15.6% in constant currency to P$4,296,790 million as of March 31, 2026.
  • A secondary offering of 23,290,655 Class B shares was completed on February 10, 2026, reducing Fintech Telecom LLC's ownership stake.
  • Shareholders approved a corporate reorganization where Telecom Argentina absorbs Teledifusora San Miguel Arcangel S.A. effective January 1, 2026.
  • Shareholders authorized the Board to distribute dividends up to US$300 million by December 31, 2026, after absorbing a negative retained earnings balance.
  • The National Competition Defense Tribunal extended the TMA regulatory review deadline by 30 days via Resolution TDC 14/2026.
  • The Pacheco Datacenter received the Certified Energy Efficient Datacenter Award (CEEDA) for its sustainable operations.
  • Telecom Argentina announced an exclusive partnership with Netflix for its Flow+ entertainment service in Argentina.