Telecom Argentina S.A. (TEO)

Telecom Argentina Balance Sheet

Financials in millions ARS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	397,893	318,319	347,930	124,725	38,665	27,965
Short-Term Investments	33,245	33,584	269,959	26,074	21,010	7,804
Trading Asset Securities	256,282	-	-	365	-	-
Cash & Short-Term Investments	687,420	351,903	617,889	151,164	59,675	35,769
Cash Growth	98.88%	-43.05%	308.75%	153.31%	66.83%	1.01%
Accounts Receivable	776,936	295,992	289,338	117,139	43,934	28,612
Other Receivables	184,619	20,191	36,233	32,629	3,557	5,991
Receivables	961,555	316,183	325,571	149,768	47,491	34,603
Inventory	86,909	60,444	68,659	20,079	6,068	5,618
Prepaid Expenses	-	20,397	20,473	17,056	9,944	2,332
Other Current Assets	2,792	5,932	17,419	13,762	3,730	2,074
Total Current Assets	1,738,676	754,859	1,050,011	351,829	126,908	80,396
Property, Plant & Equipment	6,690,950	4,742,843	5,334,858	2,636,940	935,813	507,332
Long-Term Investments	13,023	13,609	51,878	20,689	6,282	3,248
Goodwill	4,122,236	3,372,692	3,362,152	1,540,713	738,457	380,234
Other Intangible Assets	2,612,974	1,887,907	1,959,225	783,191	276,485	154,487
Long-Term Accounts Receivable	814	432	549	368	140	89
Long-Term Deferred Tax Assets	375,054	32,990	30,085	7,698	1,282	622
Long-Term Deferred Charges	-	8,468	14,640	10,298	4,239	2,532
Other Long-Term Assets	76,716	127,952	124,826	32,426	12,196	6,223
Total Assets	15,630,443	10,941,752	11,928,224	5,384,152	2,101,802	1,135,163
Accounts Payable	961,988	444,687	777,098	277,954	95,899	59,408
Accrued Expenses	598,501	316,924	283,720	148,178	51,085	27,205
Short-Term Debt	255,896	123,446	51,205	23,698	23,734	5,967
Current Portion of Long-Term Debt	1,178,335	949,938	1,177,080	395,326	102,626	56,828
Current Portion of Leases	141,454	74,531	62,576	28,656	11,940	5,035
Current Income Taxes Payable	40,700	4,560	3,401	976	27,129	100
Current Unearned Revenue	-	26,230	21,079	12,356	5,236	2,295
Other Current Liabilities	148,584	18,096	33,869	10,678	4,895	3,236
Total Current Liabilities	3,325,458	1,958,412	2,410,028	897,822	322,544	160,074
Long-Term Debt	3,687,475	1,805,864	3,409,344	1,044,294	393,583	239,390
Long-Term Leases	224,455	138,445	130,460	61,331	24,906	10,515
Long-Term Unearned Revenue	-	3,371	3,323	2,602	1,159	604
Pension & Post-Retirement Benefits	-	8,565	4,897	2,736	1,260	637
Long-Term Deferred Tax Liabilities	1,479,121	1,410,737	1,004,199	797,867	263,423	120,261
Other Long-Term Liabilities	375,609	81,576	76,244	47,149	23,813	16,738
Total Liabilities	9,092,118	5,406,970	7,038,495	2,853,801	1,030,688	548,219
Common Stock	2,154	2,154	2,154	2,154	2,154	2,154
Additional Paid-In Capital	3,038,373	2,581,728	2,750,319	2,116,012	709,279	-
Retained Earnings	-93,586	1,123,502	-450,144	-596,190	32,330	-695
Comprehensive Income & Other	3,489,790	1,717,619	2,418,522	957,890	310,654	575,826
Total Common Equity	6,436,731	5,425,003	4,720,851	2,479,866	1,054,417	577,285
Minority Interest	101,594	109,779	168,878	50,485	16,697	9,659
Shareholders' Equity	6,538,325	5,534,782	4,889,729	2,530,351	1,071,114	586,944
Total Liabilities & Equity	15,630,443	10,941,752	11,928,224	5,384,152	2,101,802	1,135,163
Total Debt	5,487,615	3,092,224	4,830,665	1,553,305	556,789	317,735
Net Cash (Debt)	-4,800,195	-2,740,321	-4,212,776	-1,402,141	-497,114	-281,966
Net Cash Per Share	-2228.83	-1272.39	-1956.08	-651.04	-230.82	-130.92
Filing Date Shares Outstanding	2,154	2,154	2,154	2,154	2,154	2,154
Total Common Shares Outstanding	2,154	2,154	2,154	2,154	2,154	2,154
Working Capital	-1,586,782	-1,203,553	-1,360,017	-545,993	-195,636	-79,678
Book Value Per Share	2988.70	2518.94	2191.98	1151.45	489.59	268.04
Tangible Book Value	-298,479	164,404	-600,526	155,962	39,475	42,564
Tangible Book Value Per Share	-138.59	76.34	-278.84	72.42	18.33	19.76
Machinery	-	3,524,035	2,947,854	1,250,862	363,285	157,811
Construction In Progress	-	159,286	347,259	183,241	76,295	58,451

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q