Telecom Argentina S.A. (TEO)

Telecom Argentina Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash & Equivalents	469,050	418,745	424,356
Short-Term Investments	323,064	44,179	329,258
Cash & Short-Term Investments	792,114	462,924	753,614
Cash Growth	71.11%	-38.57%	-
Accounts Receivable	799,188	389,375	352,894
Other Receivables	159,969	58,875	90,407
Total Trade Receivables	959,157	448,250	443,301
Inventory	79,530	79,513	83,741
Other Current Assets	3,011	2,322	-
Total Current Assets	1,833,812	993,009	1,280,656
Net Property, Plant & Equipment	7,516,406	6,343,055	6,606,814
Other Intangible Assets	2,671,525	2,494,659	2,407,444
Goodwill	4,443,998	4,436,736	4,100,682
Long-Term Investments	14,701	17,902	63,274
Other Long-Term Assets	142,110	108,383	89,507
Total Assets	16,622,552	14,393,744	14,548,377
Accounts Payable	1,108,820	584,980	947,795
Accrued Expenses	435,044	297,645	242,066
Current Portion of Long-Term Debt	1,616,544	1,411,178	1,496,584
Current Portion of Leases	149,030	98,045	76,321
Other Current Liabilities	528,862	184,418	176,650
Total Current Liabilities	3,838,300	2,576,266	2,939,416
Long-Term Debt	3,820,071	2,374,802	4,155,516
Long-Term Leases	239,266	182,123	159,117
Other Long-Term Liabilities	1,741,607	1,979,626	1,330,537
Total Long-Term Liabilities	5,800,944	4,536,551	5,645,170
Total Liabilities	9,639,244	7,112,817	8,584,586
Total Common Shareholders' Equity	6,863,861	7,136,514	5,757,819
Minority Interest	119,447	144,413	205,972
Shareholders' Equity	6,983,308	7,280,927	5,963,791
Total Liabilities & Equity	16,622,552	14,393,744	14,548,377
Total Debt	5,824,911	4,066,148	5,887,538
Net Cash (Debt)	-5,032,797	-3,603,224	-5,133,924
Net Cash Per Share	-11684.14	-8365.24	-11918.91
Book Value	6,863,861	7,136,514	5,757,819
Book Value Per Share	15935.13	16568.12	13367.35
Tangible Book Value	-251,662	205,119	-750,307
Tangible Book Value Per Share	-584.26	476.20	-1741.91

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q