Telecom Argentina SA (OTCPK:TCMFF)

Q2 2025 Telecom Argentina SA Earnings Call Transcript

Aug 12, 2025 / 10:59 AM GMT

Release Date Price: $1.75

Transcript

Key Points

Positve

Telecom Argentina SA (TEO) reported consolidated revenues of $2.8 billion, marking a 44% year-over-year increase in constant Argentine pesos.
The company's EBITDA margin expanded by 30 basis points to 30% in the first half of 2025, with potential to reach 31.6% excluding severance charges.
CapEx increased by 54% in real terms, prioritizing the expansion of fixed and mobile networks, including fiber to the home and 5G infrastructure.
Telecom Argentina SA (TEO) successfully issued and reopened a new international bond due in 2033, raising $1 billion to refinance acquisition loans.
The company achieved a significant milestone in sustainability by having its decarbonization targets approved by the Science-Based Targets Initiative (SBTI).

Negative

Telecom Argentina SA (TEO) recorded a consolidated net loss of almost 76 billion pesos in the first half of 2025, compared to a net income in the same period of 2024.
The company faced exchange losses due to inflation being lower than peso devaluation, impacting financial results.
The regulatory process regarding the acquisition of TMA is ongoing and may take 12 to 14 months to resolve.
TMA's pay TV subscriber base decreased by 6% year over year, with a net loss of approximately 27,000 customers.
Telecom Argentina SA (TEO) reported a decline in its prepaid mobile subscriber base by 2.8% due to updated disconnection criteria.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TECO2m.BA - Telecom Argentina SA
Q2 2025 Telecom Argentina SA Earnings Call
Aug 12, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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On behalf of Telecom Argentina, I would like to thank everybody for participating of this conference call. Participants of today's conference call are Roberto Noilele, Chief Executive Officer, Dariel Ulasi, Chief Financial Officer, and myself, Luis Ria Luao, head of investor relations. The purpose of this call is to share with you the results of the six month period and second quarter ending on June 30 of 2025. You have not received our press release or presentation, you can call our investor relations office to request the documents or download them from the investor relations section of our website, located at Inversores.telecom.com. Aar.

I would like to go over some safe harbor information and other details of the call.

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