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Financials · TEO

Telecom Argentina SA (TEO) financials

For fiscal 2025 (ended Dec 31, 2025), Telecom Argentina SA reported ARS 8.33T of revenue and -ARS 170.01B of net income. Figures are in ARS, the currency of its SEC filings.

Revenue, FY2025
ARS 8.33T
Revenue growth, YoY
+53.0%
Net income, FY2025
-ARS 170.01B
Net margin
-2.0%
Free cash flow, FY2025
ARS 1.03T
EPS, diluted, FY2025
-ARS 78.94
Cash
ARS 469.05B
Total debt
ARS 3.82T
Annual revenueARS 8.33T
FY2016FY2025
Annual net income-ARS 170.01B
FY2016FY2025
Annual free cash flowARS 1.03T
FY2016FY2025

TEO revenue and earnings growth

TEO revenueFY2025ARS 8.33T

FY YoY
+53.0%
5Y CAGR
+56.5%
10Y CAGR
+70.3%

TEO revenue was ARS 8.33T for fiscal 2025 (ended Dec 31, 2025), up 53.0% from fiscal 2024. Compound annual growth was +56.5% over 5 years and +70.3% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

TEO net incomeFY2025-ARS 170.01B

TEO net income was -ARS 170.01B for fiscal 2025 (ended Dec 31, 2025), compared with ARS 1.33T in fiscal 2024.

TEO EPSFY2025-ARS 78.94

TEO diluted EPS was -ARS 78.94 for fiscal 2025 (ended Dec 31, 2025), compared with ARS 618.38 in fiscal 2024.

TEO free cash flowFY2025ARS 1.03T

FY YoY
+69.1%
5Y CAGR
+49.0%
10Y CAGR
+90.2%

TEO free cash flow was ARS 1.03T for fiscal 2025 (ended Dec 31, 2025), up 69.1% from fiscal 2024. Compound annual growth was +49.0% over 5 years and +90.2% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
RevenueARS 8.33TARS 5.44TARS 5.90TARS 4.94TARS 2.58TARS 886.76BARS 487.07BARS 351.95BARS 102.53BARS 60.41B
Selling, general and admin--------ARS 3.31BARS 2.45B
Operating incomeARS 450.05B-ARS 192.68B-ARS 358.27B-ARS 2.00T-ARS 16.91BARS 59.67BARS 32.46BARS 44.52BARS 22.01BARS 12.32B
Interest expenseARS 748.84B-ARS 1.91TARS 1.82T-ARS 201.70B-ARS 174.10BARS 72.62BARS 34.23BARS 71.15BARS 334.00MARS 595.00M
Pre-tax income-ARS 191.74BARS 1.90T-ARS 1.68T-ARS 1.57TARS 262.40BARS 9.25BARS 21.13BARS 5.65BARS 23.65BARS 16.56B
Income tax-ARS 46.43BARS 538.24B-ARS 968.99B-ARS 179.73BARS 202.10BARS 24.26BARS 29.12B-ARS 5.94BARS 8.49BARS 6.01B
Net income-ARS 170.01BARS 1.33T-ARS 738.31B-ARS 1.41TARS 52.56B-ARS 16.80B-ARS 9.03BARS 11.09BARS 14.97BARS 10.46B
EPS, basic-ARS 78.94ARS 618.38-ARS 342.81-ARS 654.40ARS 24.40-ARS 7.80-ARS 4.19---
EPS, diluted-ARS 78.94ARS 618.38-ARS 342.81-ARS 654.40ARS 24.40-ARS 7.80-ARS 4.19ARS 0.00ARS 0.00-
Diluted shares2.15B2.15B2.15B2.15B2.15B2.15B2.15B-1.18B1.18B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalentsARS 469.05BARS 418.75BARS 457.70BARS 357.29BARS 262.20BARS 169.64BARS 34.83BARS 14.43BARS 13.65BARS 7.45B
InventoryARS 79.53BARS 79.51BARS 68.66BARS 20.08BARS 6.07BARS 5.62BARS 4.37BARS 4.21BARS 136.00MARS 1.28B
Current assetsARS 1.83TARS 993.01BARS 1.05TARS 351.83BARS 126.91BARS 80.40BARS 69.13BARS 51.52BARS 10.63BARS 15.56B
GoodwillARS 4.44TARS 4.44TARS 4.42TARS 3.36TARS 2.30TARS 380.23BARS 252.05BARS 185.29BARS 31.95B-
Total assetsARS 16.62TARS 14.39TARS 11.93TARS 5.38TARS 2.10TARS 1.14TARS 787.10BARS 571.87BARS 94.07BARS 47.91B
Current liabilitiesARS 3.84TARS 2.58TARS 2.41TARS 897.82BARS 322.54BARS 160.07BARS 117.06BARS 82.22BARS 18.62BARS 16.51B
Short-term debt---ARS 134.36BARS 126.36BARS 62.80BARS 48.03BARS 30.84BARS 1.38BARS 3.27B
Long-term debtARS 3.82TARS 2.37TARS 3.41TARS 1.04TARS 393.58BARS 239.39BARS 158.90BARS 91.18BARS 14.63BARS 8.65B
Total debtARS 3.82TARS 2.37TARS 3.41TARS 1.18TARS 519.94BARS 302.19BARS 206.93BARS 122.01BARS 16.01BARS 11.91B
Total liabilitiesARS 9.64TARS 7.11TARS 7.04TARS 2.85TARS 1.03TARS 548.22BARS 365.27BARS 219.72BARS 39.04BARS 28.04B
Shareholders' equityARS 6.86TARS 7.14TARS 6.43TARS 7.25TARS 7.26TARS 3.56TARS 1.24TARS 723.64BARS 84.65BARS 84.11B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flowARS 2.39TARS 1.07TARS 1.77TARS 1.45TARS 788.80BARS 293.88BARS 168.36BARS 70.38BARS 35.10BARS 25.98B
Capital expendituresARS 1.36TARS 457.95BARS 756.09BARS 795.14BARS 446.38BARS 153.74BARS 101.04BARS 64.64BARS 29.41BARS 19.40B
Free cash flowARS 1.03TARS 609.56BARS 1.01TARS 656.22BARS 342.42BARS 140.14BARS 67.32BARS 5.75BARS 5.69BARS 6.58B
Investing cash flow-ARS 3.01T-ARS 504.38B-ARS 1.63T-ARS 1.12T-ARS 698.31B-ARS 240.42B-ARS 91.91B-ARS 47.28B-ARS 26.05B-ARS 23.92B
Financing cash flowARS 612.96B-ARS 533.59B-ARS 275.46B-ARS 310.58B-ARS 123.12B-ARS 105.30B-ARS 51.58B-ARS 30.34B-ARS 6.55B-ARS 2.21B
Dividends paidARS 20.29B--ARS 1.23BARS 1.45BARS 1.08BARS 73.01BARS 71.25BARS 4.01BARS 3.00B

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY53.0%-7.7%19.3%91.6%191.1%82.1%38.4%243.3%69.7%49.0%
Net income growth, YoY--------25.9%43.1%207.3%
Operating margin5.4%-3.5%-6.1%-40.4%-0.7%6.7%6.7%12.6%21.5%20.4%
Net margin-2.0%24.5%-12.5%-28.5%2.0%-1.9%-1.9%3.2%14.6%17.3%
Free cash flow margin12.4%11.2%17.2%13.3%13.3%15.8%13.8%1.6%5.5%10.9%
Return on equity-2.5%18.7%-11.5%-19.4%0.7%-0.5%-0.7%1.5%17.7%12.4%
Return on assets-1.0%9.3%-6.2%-26.2%2.5%-1.5%-1.1%1.9%15.9%21.8%
Current ratio0.480.390.440.390.390.500.590.630.570.94
Debt to equity0.560.330.530.160.070.080.170.170.190.14

Source: XBRL data Telecom Argentina SA files with the SEC, latest filing dated Mar 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TEO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TEOARS 8.33T+53.0%-ARS 170.01B-2.0%$4.34B
VZ$139.39B+1.4%$16.42B11.8%$191.15B
TMUS$93.82B+9.3%$11.30B12.0%$170.11B
T$128.85B+3.5%$13.13B10.2%$146.99B
GLW$17.72B+18.8%$2.24B12.6%$89.09B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$75.57B
LITE$3.74B+103.2%-$6.58B-175.8%$46.23B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.90B
VOD€40.46B+8.0%-€397.00M-1.0%$36.91B

TEO FAQ

8 questions
  • What is TEO revenue?
    Telecom Argentina SA (TEO) reported ARS 8.33T of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 53.0% from the year before.
  • Is TEO profitable?
    No. Telecom Argentina SA reported a net loss of ARS 170.01B for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does TEO have?
    Telecom Argentina SA reported ARS 469.05B in cash and cash equivalents and ARS 3.82T of debt on its most recent balance sheet in SEC filings.
  • How fast is TEO revenue growing?
    Telecom Argentina SA's revenue changed +53.0% in fiscal 2025, to ARS 8.33T. Its compound annual growth rate was +56.5% over 5 years and +70.3% over 10 years.
  • What is TEO free cash flow?
    Telecom Argentina SA generated ARS 1.03T of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of ARS 2.39T less capital expenditures.
  • What is TEO earnings per share?
    Diluted earnings per share were -ARS 78.94 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did TEO last report financial results?
    The latest statements here come from Telecom Argentina SA's 20-F filed on Mar 11, 2026, covering the period ended Dec 31, 2025.
  • Where does this TEO financial data come from?
    Quantisnow builds these statements from the structured XBRL data Telecom Argentina SA files with the SEC. It is provided for information only and is not investment advice.