Argentina · Delayed Price · Currency is ARS Telecom Argentina Earnings Call Transcripts
Fiscal Year 2026
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Revenues rose 23% year-over-year to $3.4 billion, with EBITDA margin expanding to 35.8% and net income turning positive due to exchange gains and operational improvements. Investments in FTTH and 5G continued, while leverage and cash flow metrics improved.
Fiscal Year 2025
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Revenues grew 53% year-over-year, driven by the TMA acquisition, with EBITDA margin expanding to 30.3%. Broadband and Pay TV segments returned to growth, and leverage improved to 1.7x, despite FX losses impacting net results.
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Revenues surged 50% year-over-year, driven by the TMA acquisition and strong growth in mobile, broadband, and pay TV. EBITDA margin improved to 30.5%, with stable leverage and robust cash flow, despite a net loss due to FX impacts.
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EBITDA margin expanded to 29.7% in H1 2024, with net income boosted by FX gains and strong mobile, broadband, and fintech growth. Debt profile improved via a $500M note issuance and liability management, while cost controls and digitalization supported profitability despite high inflation.
Fiscal Year 2024
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Argentina’s economic reforms and regulatory easing are setting the stage for renewed growth, with the company transforming into a tech-driven ecosystem, expanding digital and B2B services, and maintaining strong financial discipline. CapEx remains focused on FTTH and 5G, while ARPU and margins are recovering as inflation moderates.
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EBITDA margin expanded to 29.7% in H1 2024, with net income of ARS 859 billion driven by FX gains. Mobile and fintech segments showed strong growth, while liability management and a $500M note issuance improved the debt profile. Cautious optimism prevails for the rest of 2024.