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TELECOM ARGENTINA SA

TEO Clue Score52
Fiscal year ends December CIK 0000932470
$12.37 -3.36% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $12.37 +147.90% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue53.24Operating income12.32Net income10.46Fiscal year 2017Revenue65.19 +22.4%Operating income22.01Net income14.97 +43.1%EPS, diluted0.00Fiscal year 2018Revenue351.95 +439.9%Operating income44.52Net income11.59 −22.5%EPS, diluted0.00Fiscal year 2019Revenue487.07 +38.4%Operating income32.46Net income−9.03 −177.9%EPS, diluted−4.19Fiscal year 2020Revenue886.77 +82.1%Operating income59.67Net income−16.80EPS, diluted−7.80Fiscal year 2021Revenue2,581.04 +191.1%Operating income−16.91Net income52.56EPS, diluted24.40Fiscal year 2022Revenue4,944.82 +91.6%Operating income−2,000.09Net income−1,409.38 −2,781.5%EPS, diluted−654.40 −2,782.0%Fiscal year 2023Revenue5,898.61 +19.3%Operating income−358.27Net income−738.31EPS, diluted−342.81Fiscal year 2024Revenue5,442.96 −7.7%Operating income−192.68Net income1,331.81EPS, diluted618.38Fiscal year 2025Revenue8,328.81 +53.0%Operating income450.05Net income−170.01 −112.8%EPS, diluted−78.94 −112.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 53.24 65.19 351.95 487.07 886.77 2,581.04 4,944.82 5,898.61 5,442.96 8,328.81
Growth +22.4% +439.9% +38.4% +82.1% +191.1% +91.6% +19.3% −7.7% +53.0%
Operating income 12.32 22.01 44.52 32.46 59.67 −16.91 −2,000.09 −358.27 −192.68 450.05
Net income 10.46 14.97 11.59 −9.03 −16.80 52.56 −1,409.38 −738.31 1,331.81 −170.01
Growth +43.1% −22.5% −177.9% −2,781.5% −112.8%
EPS, diluted n/a 0.00 0.00 −4.19 −7.80 24.40 −654.40 −342.81 618.38 −78.94
Growth −2,782.0% −112.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin23.1%Net margin19.6%Free cash flow margin12.4%Fiscal year 2017Operating margin33.8%Net margin23.0%Free cash flow margin8.7%Fiscal year 2018Operating margin12.6%Net margin3.3%Free cash flow margin1.6%Fiscal year 2019Operating margin6.7%Net margin−1.9%Free cash flow margin13.8%Fiscal year 2020Operating margin6.7%Net margin−1.9%Free cash flow margin15.8%Fiscal year 2021Operating margin−0.7%Net margin2.0%Free cash flow margin13.3%Fiscal year 2022Operating margin−40.4%Net margin−28.5%Free cash flow margin13.3%Fiscal year 2023Operating margin−6.1%Net margin−12.5%Free cash flow margin17.2%Fiscal year 2024Operating margin−3.5%Net margin24.5%Free cash flow margin11.2%Fiscal year 2025Operating margin5.4%Net margin−2.0%Free cash flow margin12.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 23.1% 33.8% 12.6% 6.7% 6.7% −0.7% −40.4% −6.1% −3.5% 5.4%
Net margin 19.6% 23.0% 3.3% −1.9% −1.9% 2.0% −28.5% −12.5% 24.5% −2.0%
Free cash flow margin 12.4% 8.7% 1.6% 13.8% 15.8% 13.3% 13.3% 17.2% 11.2% 12.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow25.98Capital expenditure−19.40Free cash flow6.58Dividends paid−3.01Fiscal year 2017Operating cash flow35.10Capital expenditure−29.41Free cash flow5.69 −13.6%Dividends paid−4.01Fiscal year 2018Operating cash flow70.38Capital expenditure−64.64Free cash flow5.75 +1.1%Dividends paid−60.37Fiscal year 2019Operating cash flow168.36Capital expenditure−101.04Free cash flow67.32 +1,071.2%Dividends paid−73.01Fiscal year 2020Operating cash flow293.88Capital expenditure−153.74Free cash flow140.14 +108.2%Dividends paid−1.08Fiscal year 2021Operating cash flow788.80Capital expenditure−446.38Free cash flow342.42 +144.3%Dividends paid−1.45Fiscal year 2022Operating cash flow1,451.36Capital expenditure−795.14Free cash flow656.22 +91.6%Dividends paid−1.23Fiscal year 2023Operating cash flow1,769.49Capital expenditure−756.09Free cash flow1,013.40 +54.4%Fiscal year 2024Operating cash flow1,067.51Capital expenditure−457.95Free cash flow609.56 −39.8%Fiscal year 2025Operating cash flow2,385.86Capital expenditure−1,355.06Free cash flow1,030.80 +69.1%Dividends paid−20.29
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 25.98 35.10 70.38 168.36 293.88 788.80 1,451.36 1,769.49 1,067.51 2,385.86
Capital expenditure −19.40 −29.41 −64.64 −101.04 −153.74 −446.38 −795.14 −756.09 −457.95 −1,355.06
Free cash flow 6.58 5.69 5.75 67.32 140.14 342.42 656.22 1,013.40 609.56 1,030.80
Growth −13.6% +1.1% +1,071.2% +108.2% +144.3% +91.6% +54.4% −39.8% +69.1%
Dividends paid −3.01 −4.01 −60.37 −73.01 −1.08 −1.45 −1.23 n/a n/a −20.29

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash7.45Total debt8.65Net cash (debt)−1.20Shareholders’ equity19.34Debt to equity0.45Fiscal year 2017Cash13.65Total debt14.63Net cash (debt)−0.98Shareholders’ equity54.18Debt to equity0.27Fiscal year 2018Cash14.43Total debt91.18Net cash (debt)−76.75Shareholders’ equity347.19Debt to equity0.26Fiscal year 2019Cash34.83Total debt158.90Net cash (debt)−124.07Shareholders’ equity415.34Debt to equity0.38Fiscal year 2020Cash18.53Total debt239.39Net cash (debt)−220.86Shareholders’ equity577.29Debt to equity0.41Fiscal year 2021Cash262.21Total debt393.58Net cash (debt)−131.38Shareholders’ equity1,054.42Debt to equity0.37Fiscal year 2022Cash357.29Total debt1,042.68Net cash (debt)−685.39Shareholders’ equity2,479.87Debt to equity0.42Fiscal year 2023Cash457.70Total debt3,407.11Net cash (debt)−2,949.41Shareholders’ equity4,720.85Debt to equity0.72Fiscal year 2024Cash418.75Total debt2,374.80Net cash (debt)−1,956.06Shareholders’ equity7,136.51Debt to equity0.33Fiscal year 2025Cash469.05Total debt3,820.07Net cash (debt)−3,351.02Shareholders’ equity6,863.86Debt to equity0.56
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 7.45 13.65 14.43 34.83 18.53 262.21 357.29 457.70 418.75 469.05
Total debt 8.65 14.63 91.18 158.90 239.39 393.58 1,042.68 3,407.11 2,374.80 3,820.07
Net cash (debt) −1.20 −0.98 −76.75 −124.07 −220.86 −131.38 −685.39 −2,949.41 −1,956.06 −3,351.02
Shareholders’ equity 19.34 54.18 347.19 415.34 577.29 1,054.42 2,479.87 4,720.85 7,136.51 6,863.86
Debt to equity 0.45 0.27 0.26 0.38 0.41 0.37 0.42 0.72 0.33 0.56

In billions of ARS, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
23.1% 33.8% 12.6% 6.7% 6.7% −0.7% −40.4% −6.1% −3.5% 5.4%
31.1% 36.3% 1.6% 4.3% 1.0% 10.2% −31.8% −28.6% 34.9% −2.3%
19.6% 23.0% 3.3% −1.9% −1.9% 2.0% −28.5% −12.5% 24.5% −2.0%
12.4% 8.7% 1.6% 13.8% 15.8% 13.3% 13.3% 17.2% 11.2% 12.4%
Spending
36.4% 45.1% 18.4% 20.7% 17.3% 17.3% 16.1% 12.8% 8.4% 16.3%
36.3% 35.9% −105.2% 137.8% 262.2% 77.0% n/a n/a 28.4% n/a
Returns
54.1% 27.6% 3.3% −2.2% −2.9% 5.0% −56.8% −15.6% 18.7% −2.5%
21.8% 15.9% 2.0% −1.1% −1.5% 2.5% −26.2% −6.2% 9.3% −1.0%
Balance and payout
0.45 0.27 0.26 0.38 0.41 0.37 0.42 0.72 0.33 0.56
58.5% 41.5% 38.4% 46.4% 48.3% 49.0% 53.0% 59.0% 49.4% 58.0%
28.7% 26.8% 520.7% n/a n/a 2.8% n/a n/a n/a n/a
45.7% 70.6% 1,050.2% 108.4% 0.8% 0.4% 0.2% n/a n/a 2.0%

Shown in ARS as filed; the screener converts to dollars.