TEO · CIK 0000932470
TELECOM ARGENTINA SA
Annual figures as reported, FY2015–FY2025. Ratios and growth rates derived on-page.
Telephone Communications (No Radiotelephone)
Company profile
Revenue
ARS 8.33T
▲ +53.0% vs FY2024
Net income
−ARS 145.3B
▼ −110.7% vs FY2024
Free cash flow
ARS 1.03T
▲ +69.1% vs FY2024
Diluted EPS
−ARS 78.94
▼ −112.8% vs FY2024
Revenue
Annual, as reported
Net income
Losses shown in terracotta
Recent quarters
momentum · last 12 quartersRevenue — Dec ’17 quarter
ARS 17.9B
▲ +24.3% vs Dec ’16
Net income — Dec ’17 quarter
ARS 2.0B
▲ +34.4% vs Dec ’16
Revenue — trailing 12 months
ARS 65.2B
▲ +22.4% vs Dec ’16
Quarterly revenue
Discrete quarters; Q4 derived from the annual figure
Quarterly net income
Discrete quarters; Q4 derived from the annual figure
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Dec ’17 | ARS 17.9B | 24.3% | — | ARS 2.0B | 11.3% | — |
| Sep ’17 | ARS 16.7B | 24.7% | — | ARS 2.1B | 12.3% | — |
| Jun ’17 | ARS 15.8B | 22.1% | — | ARS 1.7B | 10.6% | — |
| Mar ’17 | ARS 14.7B | 18.2% | — | ARS 2.0B | 13.4% | — |
| Dec ’16 | ARS 14.4B | 21.1% | — | ARS 1.5B | 10.5% | — |
| Sep ’16 | ARS 13.4B | 32.9% | — | ARS 758.0M | 5.7% | — |
| Jun ’16 | ARS 13.0B | 34.6% | — | ARS 802.0M | 6.2% | — |
| Mar ’16 | ARS 12.5B | 40.4% | — | ARS 935.0M | 7.5% | — |
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Operating marginNet margin
Returns on capital
Net income vs year-end equity and assets
Return on equityReturn on assets
Cash flow
cash generationFree cash flow
Operating cash flow less capital expenditure
Operating cash flow
Net cash from operations
Shareholder returns
capital allocationCapital returned
Cash paid out as dividends and share repurchases
Dividends paid
Diluted shares outstanding
Falling count means buybacks outpace dilution
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Net debt
Long-term debt less cash — negative means net cash
Growth rates
compounding, annualizedRevenue CAGR
+19.0%
3y
+56.5%
5y
+70.3%
10y
Free cash flow CAGR
+16.2%
3y
+49.0%
5y
+90.2%
10y
Share count change (split-adjusted)
+0.0%
5y
+122.2%
10y
Key ratios
derived per fiscal year| Fiscal year | Op. margin | Net margin | FCF margin | ROE | ROA | Current ratio | Debt / equity |
|---|---|---|---|---|---|---|---|
| FY2025 | 5.4% | −1.7% | 12.4% | −2.1% | −0.9% | 0.48× | 0.78× |
| FY2024 | −3.5% | 25.0% | 11.2% | 18.7% | 9.4% | 0.39× | 0.52× |
| FY2023 | −6.1% | −12.1% | 17.2% | −11.1% | −6.0% | 0.44× | 0.95× |
| FY2022 | −40.4% | −28.2% | 13.3% | −19.2% | −25.9% | 0.39× | 0.44× |
| FY2021 | −0.7% | 2.3% | 13.3% | 0.8% | 2.9% | 0.39× | 0.22× |
| FY2020 | 6.7% | −1.7% | 15.8% | −0.4% | −1.3% | 0.50× | 0.17× |
| FY2019 | 6.7% | −1.6% | 13.8% | −0.6% | −1.0% | 0.59× | 0.25× |
| FY2018 | 12.6% | 3.3% | 1.6% | 10.1% | 2.0% | 0.63× | 1.06× |
| FY2017 | 33.8% | 23.3% | 8.7% | 17.9% | 16.1% | 0.57× | 0.19× |
| FY2016 | 23.1% | 19.8% | 12.4% | 12.5% | 22.0% | 0.94× | 0.14× |
| FY2015 | 15.4% | 8.5% | 4.1% | 7.0% | — | — | — |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ARS 8.33T | — | ARS 450.0B | −ARS 145.3B | −ARS 78.94 | ARS 2.39T | ARS 1.36T | ARS 16.62T | ARS 9.64T | ARS 6.98T | ARS 469.1B | ARS 5.44T |
| FY2024 | ARS 5.44T | — | −ARS 192.7B | ARS 1.36T | ARS 618.38 | ARS 1.07T | ARS 458.0B | ARS 14.39T | ARS 7.11T | ARS 7.28T | ARS 418.7B | ARS 3.79T |
| FY2023 | ARS 5.90T | — | −ARS 358.3B | −ARS 715.3B | −ARS 342.81 | ARS 1.77T | ARS 756.1B | ARS 11.93T | ARS 7.04T | ARS 6.43T | ARS 457.7B | ARS 6.10T |
| FY2022 | ARS 4.94T | — | −ARS 2.00T | −ARS 1.39T | −ARS 654.40 | ARS 1.45T | ARS 795.1B | ARS 5.38T | ARS 2.85T | ARS 7.25T | ARS 357.3B | ARS 3.18T |
| FY2021 | ARS 2.58T | — | −ARS 16.9B | ARS 60.3B | ARS 24.40 | ARS 788.8B | ARS 446.4B | ARS 2.10T | ARS 1.03T | ARS 7.26T | ARS 262.2B | ARS 1.62T |
| FY2020 | ARS 886.8B | — | ARS 59.7B | −ARS 15.0B | −ARS 7.80 | ARS 293.9B | ARS 153.7B | ARS 1.14T | ARS 548.2B | ARS 3.56T | ARS 169.6B | ARS 588.6B |
| FY2019 | ARS 487.1B | — | ARS 32.5B | −ARS 8.0B | −ARS 4.19 | ARS 168.4B | ARS 101.0B | ARS 787.1B | ARS 365.3B | ARS 1.24T | ARS 34.8B | ARS 312.3B |
| FY2018 | ARS 351.9B | — | ARS 44.5B | ARS 11.6B | ARS 0.00 | ARS 70.4B | ARS 64.6B | ARS 571.9B | ARS 219.7B | ARS 115.2B | ARS 10.6B | ARS 122.0B |
| FY2017 | ARS 65.2B | — | ARS 22.0B | ARS 15.2B | ARS 0.00 | ARS 35.1B | ARS 29.4B | ARS 94.1B | ARS 39.0B | ARS 84.7B | ARS 6.5B | ARS 16.0B |
| FY2016 | ARS 53.2B | — | ARS 12.3B | ARS 10.5B | — | ARS 26.0B | ARS 19.4B | ARS 47.9B | ARS 28.0B | ARS 84.1B | ARS 4.8B | ARS 11.9B |
| FY2015 | ARS 40.5B | — | ARS 6.2B | ARS 3.4B | — | ARS 6.8B | ARS 5.1B | — | — | ARS 48.8B | ARS 4.1B | — |
Latest filings
the most recent regulatory filings6-KForeign issuer report2026-06-18 ↗4OWNERSHIP DOCUMENT2026-06-04 ↗6-KForeign issuer report2026-05-12 ↗6-KForeign issuer report2026-05-11 ↗6-KForeign issuer report2026-05-11 ↗6-KForeign issuer report2026-04-30 ↗6-KForeign issuer report2026-04-29 ↗6-KForeign issuer report2026-04-15 ↗3OWNERSHIP DOCUMENT2026-03-16 ↗3OWNERSHIP DOCUMENT2026-03-16 ↗
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