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ACCESS Newswire·

Telecom Argentina S.A. Announces Consolidated Results for The Nine-Month Period ("9M25") and Third Quarter of Fiscal Year 2025 ("3Q25")

TEO
  • Telecom Argentina reported a consolidated net loss of P$272,543 million for the nine-month period ended September 30, 2025, compared to a net income of P$1,254,213 million in the same period of 2024.
  • Consolidated revenues reached P$5,622,561 million, representing a 50.7% increase versus 9M24, driven by the inclusion of seven months of Telefonica Móviles Argentina (TMA) results.
  • Service revenues totaled P$5,327,305 million, with Telecom excluding TMA growing 4.1% and TMA contributing a 5.3% increase versus the prior year.
  • The consolidated Operating Income before D, A & I margin stood at 30.5% in 9M25, while Telecom excluding TMA achieved a 33.0% margin.
  • The net loss was primarily attributed to a higher loss from exchange rate differences, as the Argentine peso depreciated by 33.7% against the US dollar while inflation was 22.0%.
  • Consolidated mobile service revenues amounted to P$2,735,909 million, accounting for 51.4% of total service revenues in 9M25.
  • Telecom excluding TMA mobile accesses in Argentina decreased by 5.0% to 20.3 million, mainly due to disconnections of inactive lines, while TMA mobile accesses grew 1.6% to 19.1 million.
  • Fixed broadband accesses grew by 2.5% to 4.1 million for Telecom excluding TMA and increased 6.0% to 1.6 million for TMA.
  • Pay TV subscribers for Telecom excluding TMA rose 1.4% to 3.2 million, whereas TMA subscribers declined 6.9% to 0.4 million.
  • Consolidated Net Financial Debt increased to P$4,433,988 million as of September 30, 2025, largely driven by financing obtained for the TMA acquisition.
  • Consolidated CAPEX represented 15.1% of revenues, with total investments including rights of use assets reaching P$989,760 million.
  • 4G/LTE coverage reached 98% of the population, with average mobile speeds improving to 85 Mbps, and 351 new 5G sites were added during 2025.
  • The company entered a loan agreement with Bank of China, receiving disbursements of RMB 530 million and RMB 500 million maturing in September 2028.
  • Director Julián Ackerman resigned on September 30, 2025, and was replaced by Diego Miguel Bianchi following the Ordinary General Shareholders' Meeting on November 6, 2025.
  • Market capitalization stood at US$5,121.5 million as of November 7, 2025.