Argentina · Delayed Price · Currency is ARS Telecom Argentina Earnings Call Transcripts
Fiscal Year 2026
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Consolidated revenues rose 23% year-over-year to over $3.4 billion, with EBITDA margin expanding to 35.8% and net income swinging to ARS 870 billion, driven by efficiency gains, network investments, and favorable exchange rates. Leverage improved to 1.36x, and strong cash flow supports ongoing 5G and FTTH expansion.
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.