Telecom Argentina Ratios and Metrics

Market cap in millions ARS. Fiscal year is January - December.

Millions ARS. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 23, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	7,112,555	7,597,134	6,611,822	2,978,551	789,327	435,691
Market Cap Growth	12.52%	14.90%	121.98%	277.35%	81.17%	2.87%
Enterprise Value	12,265,586	12,498,923	9,231,348	3,853,184	1,187,105	684,228
Last Close Price	3302.50	3527.50	3059.09	1378.09	365.20	201.58
PE Ratio	-	-	4.97	-	-	8.29
Forward PE	6.76	16.69	16.69	16.69	16.69	16.69
PS Ratio	0.85	0.91	1.22	0.51	0.13	0.17
PB Ratio	1.02	1.09	0.91	0.50	0.31	0.41
P/TBV Ratio	-	-	30.57	-	5.06	11.04
P/FCF Ratio	6.90	7.37	10.85	2.94	0.99	1.27
P/OCF Ratio	2.98	3.18	6.19	1.68	0.45	0.55
PEG Ratio	-	0.26	0.26	0.26	0.26	0.26
EV/Sales Ratio	1.47	1.50	1.70	0.65	0.20	0.27
EV/EBITDA Ratio	4.82	5.51	7.23	2.54	0.76	0.87
EV/EBIT Ratio	22.60	22.87	-	-	-	18.29
EV/FCF Ratio	11.90	12.13	15.14	3.80	1.48	2.00
Debt / Equity Ratio	0.83	0.83	0.56	0.99	0.61	0.52
Debt / EBITDA Ratio	2.29	2.29	2.64	3.42	0.89	0.65
Debt / FCF Ratio	5.65	5.65	6.67	5.81	1.94	1.63
Net Debt / Equity Ratio	0.72	0.72	0.50	0.86	0.55	0.46
Net Debt / EBITDA Ratio	2.22	2.22	2.82	3.39	0.89	0.63
Net Debt / FCF Ratio	4.88	4.88	5.91	5.07	1.75	1.45
Asset Turnover	0.54	0.54	0.38	0.59	1.61	1.60
Inventory Turnover	25.75	25.75	17.81	30.17	120.96	118.98
Quick Ratio	0.43	0.43	0.34	0.39	0.34	0.33
Current Ratio	0.48	0.48	0.39	0.44	0.39	0.39
Return on Equity (ROE)	-2.04%	-2.04%	20.52%	-16.84%	-94.45%	7.27%
Return on Assets (ROA)	2.20%	2.20%	-0.74%	-1.85%	-5.15%	1.44%
Return on Invested Capital (ROIC)	4.68%	4.77%	-1.11%	-3.93%	-11.22%	0.71%
Return on Capital Employed (ROCE)	4.30%	4.30%	-1.40%	-2.50%	-6.90%	2.10%
Earnings Yield	-2.39%	-2.24%	20.14%	-24.79%	-217.78%	12.06%
FCF Yield	14.49%	13.57%	9.22%	34.02%	101.40%	78.59%
Dividend Yield	0.41%	0.39%	-	-	-	-
Payout Ratio	-	-	-	-	-	8.58%
Total Shareholder Return	0.41%	0.39%	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.