Telecom Argentina Balance Sheet

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

Millions ARS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 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	1,833,810	993,009	1,280,660
Net Property, Plant & Equipment	7,516,410	6,343,060	6,606,810
Other Intangible Assets	2,671,530	2,494,660	2,407,440
Goodwill	4,444,000	4,436,740	4,100,680
Long-Term Investments	14,701	17,902	63,274
Other Long-Term Assets	142,110	108,383	89,507
Total Assets	16,622,600	14,393,700	14,548,400
Accounts Payable	1,108,820	584,980	947,795
Accrued Expenses	435,044	297,645	242,066
Current Portion of Long-Term Debt	1,616,540	1,411,180	1,496,580
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	2,576,270	2,939,420
Long-Term Debt	3,820,070	2,374,800	4,155,520
Long-Term Leases	239,266	182,123	159,117
Other Long-Term Liabilities	1,741,610	1,979,630	1,330,540
Total Long-Term Liabilities	5,800,940	4,536,550	5,645,170
Total Liabilities	9,639,240	7,112,820	8,584,590
Total Common Shareholders' Equity	6,863,860	7,136,510	5,757,820
Minority Interest	119,447	144,413	205,972
Shareholders' Equity	6,983,310	7,280,930	5,963,790
Total Liabilities & Equity	16,622,600	14,393,700	14,548,400
Total Debt	5,824,910	4,066,150	5,887,540
Net Cash (Debt)	-5,032,800	-3,603,220	-5,133,920
Net Cash Per Share	-11684.13	-8365.22	-11918.89
Book Value	6,863,860	7,136,510	5,757,820
Book Value Per Share	15935.10	16568.10	13367.30
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