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 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	-	318,319	347,930	38,665	27,965	34,827
Short-Term Investments	289,527	33,584	269,959	21,010	7,804	584
Cash & Short-Term Investments	289,527	351,903	617,889	59,675	35,769	35,411
Cash Growth	-25.41%	-43.05%	935.42%	66.83%	1.01%	430.18%
Accounts Receivable	776,936	295,992	289,338	43,934	28,612	23,096
Other Receivables	184,619	44,755	74,125	17,231	10,397	6,249
Total Trade Receivables	961,555	340,747	363,463	61,165	39,009	29,345
Inventory	-	60,444	68,659	6,068	5,618	4,373
Other Current Assets	2,792	1,765	-	-	-	-
Total Current Assets	1,253,874	754,859	1,050,011	126,908	80,396	69,129
Net Property, Plant & Equipment	747,796	4,821,827	5,416,931	943,946	511,141	347,835
Other Intangible Assets	-	1,896,375	1,973,865	280,724	157,019	112,388
Goodwill	4,122,236	3,372,692	3,362,152	738,457	380,234	252,052
Long-Term Investments	-	13,609	51,878	6,282	3,248	2,891
Other Long-Term Assets	-	82,390	73,387	5,485	3,125	2,802
Total Assets	6,123,906	10,941,752	11,928,224	2,101,802	1,135,163	787,097
Accounts Payable	961,988	444,687	777,098	95,899	59,408	43,515
Accrued Expenses	356,894	226,262	198,470	43,367	21,639	13,533
Short-Term Debt	1,433,449	1,072,741	1,227,050	126,360	62,795	48,031
Current Portion of Leases	141,454	74,531	62,576	11,940	5,035	3,593
Other Current Liabilities	190,066	140,191	144,834	44,978	11,197	8,384
Total Current Liabilities	3,325,458	1,958,412	2,410,028	322,544	160,074	117,056
Long-Term Debt	3,687,475	1,805,263	3,407,110	393,583	239,390	158,897
Long-Term Leases	224,455	138,445	130,460	24,906	10,515	4,999
Other Long-Term Liabilities	1,854,730	1,504,850	1,090,897	289,655	138,240	84,318
Total Long-Term Liabilities	5,766,660	3,448,558	4,628,467	708,144	388,145	248,214
Total Liabilities	9,092,118	5,406,970	7,038,495	1,030,688	548,219	365,270
Total Common Shareholders' Equity	6,436,731	5,425,003	4,720,851	1,054,417	577,285	415,335
Minority Interest	101,594	109,779	168,878	16,697	9,659	6,492
Shareholders' Equity	6,538,325	5,534,782	4,889,729	1,071,114	586,944	421,827
Total Liabilities & Equity	15,630,443	10,941,752	11,928,224	2,101,802	1,135,163	787,097
Total Debt	5,486,833	3,090,980	4,827,196	556,789	317,735	215,520
Net Cash (Debt)	-5,197,306	-2,739,077	-4,209,307	-497,114	-281,966	-180,109
Net Cash Per Share	-12066.06	-6359.04	-9772.32	-	-654.61	-
Book Value	6,436,731	5,425,003	4,720,851	1,054,417	577,285	415,335
Book Value Per Share	14943.51	12594.68	10959.92	-	1340.22	-
Tangible Book Value	2,314,495	155,936	-615,166	35,236	40,032	50,895
Tangible Book Value Per Share	5373.33	362.02	-1428.17	-	92.94	-

Updated Nov 12, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q