Telecom Argentina S.A. (TEO) — Financial statements
Income statement, balance sheet, and cash flow for Telecom Argentina S.A. — annual and quarterly history with growth and margin analysis.
| Metric (ARS Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 8,328,814↑101.3% | 4,137,596↑100.9% | 2,059,101↓58.4% | 4,944,819↑91.6% | 2,581,043 | |
| Cost of Revenue | 2,047,556↑85.3% | 1,105,047↑102.1% | 546,760↓57.8% | 1,296,537↑86.5% | 695,183 | |
| Gross Profit | 6,281,258↑107.1% | 3,032,549↑100.5% | 1,512,341↓58.5% | 3,648,282↑93.5% | 1,885,860 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 1,845,339↑93.9% | 951,589↑77.8% | 535,068↓53.6% | 1,154,073↑93.1% | 597,738 | |
| Selling & Marketing Expenses | 437,205↑88.3% | 232,226↓11.6% | 262,627↓12.3% | 299,503↑102.4% | 147,962 | |
| SG&A Expenses | 2,282,544↑92.8% | 1,183,815↑80.6% | 655,670↓54.9% | 1,453,576↑94.9% | 745,700 | |
| Other Expenses | 3,137,278↑57.2% | 1,995,201↑103.2% | 981,736↓76.6% | 4,194,797↑262.5% | 1,157,066 | |
| Operating Expenses | 5,419,822↑70.5% | 3,179,016↑94.1% | 1,637,406↓71.0% | 5,648,373↑196.9% | 1,902,766 | |
| Total Costs & Expenses | 7,467,378↑74.3% | 4,284,063↑96.1% | 2,184,166↓68.6% | 6,944,910↑167.3% | 2,597,949 | |
| Operating Results | ||||||
| Operating Income | 861,436↑688.1% | -146,467↓17.1% | -125,065↑93.7% | -2,000,091↓11730.7% | -16,906 | |
| Depreciation & Amortization | 2,048,480↑56.1% | 1,312,450↑86.4% | 704,147↓58.3% | 1,689,811↑107.5% | 814,484 | |
| EBITDA | 2,336,401↓19.8% | 2,914,627↑1562.4% | 175,326↓26.5% | 238,594↓79.8% | 1,180,096 | |
| EBIT | 287,921↓82.0% | 1,602,177↑403.0% | -528,821↑63.6% | -1,451,217↓496.9% | 365,612 | |
| Interest & Other Income | ||||||
| Net Interest Income | -479,657↓208475.4% | -230↓18.3% | -194↓128.3% | -85↑99.9% | -103,213 | |
| Interest Income | 0.00↓100.0% | 27 | 0.00↓100.0% | 15 | 0.00 | |
| Interest Expense | 479,657↑186898.0% | 257↑32.0% | 194↑94.5% | 100↓99.9% | 103,213 | |
| Non-Operating Income | 573,515↑132.8% | -1,748,644↓533.1% | 403,756↑173.6% | -548,874↓43.5% | -382,518 | |
| Other Income / Expenses | -1,053,172↓166.3% | 1,588,873↑443.3% | -462,879↓208.7% | 425,846↑52.5% | 279,305 | |
| Income Before Tax | -191,736↓113.3% | 1,442,406↑345.3% | -587,944↑62.7% | -1,574,245↓699.9% | 262,399 | |
| Income Tax Expense | -46,432↓111.3% | 409,154↑221.0% | -338,257↓88.2% | -179,733↓188.9% | 202,105 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -145,304↓114.1% | 1,033,252↑513.8% | -249,687↑82.1% | -1,394,512↓2412.9% | 60,294 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↓100.0% | 11,360 | 0.00↑100.0% | -44,289 | |
| Net Income | -170,006↓116.8% | 1,012,404↑492.8% | -257,730↑81.7% | -1,409,383↓16365.2% | 8,665 | |
| Bottom-Line Net Income | -170,006↓116.8% | 1,012,404↑280.4% | -561,242↑60.2% | -1,409,383↓16365.2% | 8,665 | |
| EPS (Basic) | -394.70↓116.8% | 2,350.40↑280.4% | -1,303.00↑60.2% | -3,272.00↓16378.6% | 20.10 | |
| EPS (Diluted) | -394.70↓116.8% | 2,350.40↑280.4% | -1,303.00↑60.2% | -3,272.00↓16378.6% | 20.10 | |
| Weighted Average Shares | 431↑0.0% | 431↑0.0% | 431↑0.0% | 431↑0.0% | 431 | |
| Weighted Average Diluted Shares | 431↑0.0% | 431↑0.0% | 431↑0.0% | 431↑0.0% | 431 | |
* All figures in Millions of ARS, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.