Telecom Argentina S.A.

Telecom Argentina S.A. reported FY 2025 revenues of $8,328.81 billion, generating operating income of $450.05 billion. However, the company recorded a net loss of $145.30 billion, primarily driven by significant financial results from borrowings of $748.84 billion and other financial results of $110.80 billion, which contributed to a pre-tax loss of $191.74 billion. The company maintained strong operating cash flow of $2,385.86 billion, but this was offset by substantial investing activities of -$3,011.63 billion, including $1,355.06 billion in PP&E payments and $1,304.04 billion for subsidiary acquisitions. The balance sheet shows total assets of $16,622.55 billion with significant goodwill ($4,444.00 billion) and PP&E ($6,789.12 billion) components, while total liabilities stood at $9,639.24 billion. The company ended the year with cash and cash equivalents of $469.05 billion, though net cash decreased by $12.81 billion during the year.

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