Telecom Argentina Balance Sheet

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

Millions ARS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	675,480	469,050	418,745	347,930	124,725	38,665
Short-Term Investments	394,285	323,064	44,179	269,959	26,074	21,010
Cash & Short-Term Investments	1,069,765	792,114	462,924	617,889	150,799	59,675
Cash Growth	106.19%	71.11%	-25.08%	309.74%	152.70%	66.83%
Accounts Receivable	797,814	799,188	389,375	289,338	117,139	43,934
Other Receivables	222,264	159,969	58,875	74,125	60,841	17,231
Total Trade Receivables	1,020,078	959,157	448,250	363,463	177,980	61,165
Inventory	67,930	79,530	79,513	68,659	20,079	6,068
Other Current Assets	17,277	3,011	2,322	-	2,971	-
Total Current Assets	2,175,050	1,833,812	993,009	1,050,011	351,829	126,908
Net Property, Plant & Equipment	8,220,087	7,580,272	6,343,055	5,416,931	2,664,795	943,946
Other Intangible Assets	2,859,818	2,671,525	2,494,659	1,973,865	793,489	280,724
Goodwill	4,860,176	4,443,998	4,436,736	3,362,152	1,540,713	738,457
Long-Term Investments	121,035	14,701	17,902	51,878	20,062	6,282
Other Long-Term Assets	39,064	78,244	108,383	73,387	13,264	5,485
Total Assets	18,275,230	16,622,552	14,393,744	11,928,224	5,384,152	2,101,802
Accounts Payable	998,622	1,108,820	584,980	777,098	277,954	95,899
Accrued Expenses	1,085,444	744,871	422,908	287,121	149,154	78,214
Short-Term Debt	1,302,447	1,616,544	1,411,178	1,227,050	418,411	126,360
Current Portion of Leases	151,035	149,030	98,045	62,576	28,656	11,940
Other Current Liabilities	205,616	219,035	59,155	56,183	23,647	10,131
Total Current Liabilities	3,743,164	3,838,300	2,576,266	2,410,028	897,822	322,544
Long-Term Debt	4,185,143	3,820,071	2,374,802	3,407,110	1,042,680	393,583
Long-Term Leases	251,779	239,266	182,123	130,460	61,331	24,906
Other Long-Term Liabilities	1,876,546	1,741,607	1,979,626	1,090,897	851,968	289,655
Total Long-Term Liabilities	6,313,468	5,800,944	4,536,551	4,628,467	1,955,979	708,144
Total Liabilities	10,056,632	9,639,244	7,112,817	7,038,495	2,853,801	1,030,688
Total Common Shareholders' Equity	8,094,054	6,863,861	7,136,514	4,720,851	2,479,866	1,054,417
Minority Interest	124,544	119,447	144,413	168,878	50,485	16,697
Shareholders' Equity	8,218,598	6,983,308	7,280,927	4,889,729	2,530,351	1,071,114
Total Liabilities & Equity	18,275,230	16,622,552	14,393,744	11,928,224	5,384,152	2,101,802
Total Debt	5,890,404	5,824,911	4,066,148	4,827,196	1,551,078	556,789
Net Cash (Debt)	-4,820,639	-5,032,797	-3,603,224	-4,209,307	-1,400,279	-497,114
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-11191.59	-11684.14	-8365.24	-9772.32	-3250.89	-1154.10
Book Value	8,094,054	6,863,861	7,136,514	4,720,851	2,479,866	1,054,417
Book Value Per Share	18791.10	15935.10	16568.10	10959.90	5757.25	2447.93
Tangible Book Value	374,060	-251,662	205,119	-615,166	145,664	35,236
Tangible Book Value Per Share	868.42	-584.26	476.20	-1428.17	338.17	81.80

SEC Filings: 10-K · 10-Q