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Yahoo
14 minutes ago
- Yahoo
High Arctic Announces 2025 Second Quarter Results
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, Aug. 11, 2025 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) (the 'Corporation' or 'High Arctic') released its second quarter 2025 financial and operating results. The unaudited condensed interim consolidated financial statements, and the management discussion & analysis ('MD&A'), for the three and six months ended June 30, 2025 will be available on SEDAR+ at and on High Arctic's website at All amounts are denominated in thousands of Canadian dollars ('CAD'), unless otherwise indicated. Mike Maguire, Interim Chief Executive Officer commented: 'High Arctic has maintained its solid start to 2025 with a second quarter performance consistent with the first quarter. We have now operated for twelve months following the spin-out of the PNG Business and demonstrated that the Corporation has the resilience and a solid base business that positions it well to benefit from anticipated increases in upstream energy service activity levels in the western Canadian oil and gas industry.' In the following, the three months ended June 30, 2025 may be referred to as the 'quarter' or 'Q2 2025' and the comparative three months ended June 30, 2024 may be referred to as 'Q2 2024'. References to other quarters may be presented as 'QX 20XX' with X/XX being the quarter/year to which the commentary relates. Additionally, the six months ended June 30, 2025 maybe referred to as 'YTD' or 'YTD-2025'. References to other six-month periods ended June 30 may be presented as 'YTD-20XX' with XX being the year to which the six-month period ended June 30 commentary relates. 2025 Q2 Highlights Revenue from continuing operations of $2,391, a decrease of 6% compared to Q2 2024. Achieved an increase in oilfield services operating margin percentage for Q2 2025 of 49.1% compared to 45.5% in Q2 2024. Realized adjusted EBITDA from continuing operations of $482 in the quarter, 20% of revenue. Maintained operational excellence and safety, as evidenced by the continuation of recordable incident-free work. Achieved expected reductions in general and administrative expenses, a reduction of 52% compared to Q2 2024. High Arctic's 42% equity share of Team Snubbing's net loss for Q2 2025 was $348, lower than the $889 incurred in Q2 2024. The change was primarily attributable to improved profitability in the Alaskan operations, partially offset by reduced results in the Canadian operations. Exited Q2 2025 with positive working capital of $3,380, inclusive of cash of $2,428. 2025 YTD Highlights Revenue from continuing operations of $4,726, a decrease of 14% compared to YTD-2024. Achieved an increase in oilfield services operating margin percentage for YTD-2025 of 51.1% compared to 47.7% for YTD-2024. Realized Adjusted EBITDA from continuing operations of $986 for YTD-2025, 21% of revenue. Maintained operational excellence and safety, as evidenced by the continuation of recordable incident-free work. Achieved expected reductions in general and administrative expenses, a reduction of 56% compared to the YTD-2024 period. High Arctic's share of Team Snubbing's net loss for YTD-2025 was $336 comparable to a loss of $399 for YTD-2024. The modest change was primarily a result of improved operating activity in Alaska, offset by lower demand in the Canadian operations driven by the deferral of activity by a key customer. 2025 Strategic ObjectivesThe Corporation's 2025 strategic objectives include: Relentless focus on safety excellence and quality service delivery; Grow the core businesses through selective and opportunistic investments; Actively manage direct operating costs and general and administrative costs; Steward capital to preserve balance sheet strength and financial flexibility; and Execute on accretive acquisitions in Canada to drive shareholder value. Results Overview The following is a summary of select financial information of the Corporation: Three months ended June 30, Six months ended June 30, (thousands of Canadian Dollars, except per share amounts) 2025 2024 2025 2024 Operating results from continuing operations: Revenue – continuing operations 2,391 2,533 4,726 5,521 Net loss - continuing operations (295) (1,709) (415) (1,527) Per share (basic & diluted)(1) (0.02) (0.14) (0.03) (0.12) Oilfield services operating margin - continuing operations(2) 1,126 1,110 2,313 2,541 Oilfield services operating margin as a % of revenue(2) 49.1% 45.5% 51.1% 47.7% EBITDA - continuing operations(2) 333 (1,465) 792 (1,233) Per share (basic & diluted)(1) (4) 0.03 (0.12) 0.06 (0.10) Adjusted EBITDA - continuing operations(2) 482 187 986 280 Per share (basic & diluted)(1) (4) 0.04 0.02 0.08 0.02 Operating loss - continuing operations(2) (254) (1,363) (382) (2,433) Per share (basic & diluted)(1) (4) (0.02) (0.11) (0.03) (0.20) Cash flow from continuing operations: Cash flow from (used in) operating activities – continuingoperations (477) (761) 407 (490) Per share (basic & diluted)(1) (4) (0.04) (0.06) 0.03 (0.04) Funds flow from (used in) operating activities – continuingoperations(2) 310 (293) 805 (96) Per share (basic & diluted)(1) (4) 0.02 (0.02) 0.06 (0.01) Capital expenditures - continuing operations 411 507 793 815 As at (thousands of Canadian Dollars, except per share amounts andcommon shares outstanding) Jun 30, 2025 Dec 31, 2024 Financial position: Working capital(2) 3,380 2,692 Cash and cash equivalents 2,428 3,123 Total assets 28,755 30,867 Long-term debt (non-current) 3,090 3,178 Shareholders' equity 21,068 21,105 Per share(5) 1.66 1.70 Common shares outstanding(3)(5) 12,696,959 12,448,166 (1) The weighted average number of common shares used in calculating both basic and diluted net income (loss) per share, EBITDA (Earnings before interest, tax, depreciation and amortization) per share, Adjusted EBITDA per share, operating income (loss) per share, cash flow from operating activities per share, and funds flow from operating activities per share is detailed in Note 13(b) of the Financial Statements. (2) Readers are cautioned that oilfield services operating margin, oilfield services operating margin as percentage of revenue, EBITDA (earnings before interest, tax, depreciation, and amortization), Adjusted EBITDA, operating income (loss), funds flow from operating activities and working capital do not have standardized meanings prescribed by IFRS. See 'Non-IFRS Measures' for additional details on the calculations of these measures. (3) Pursuant to the de facto four-to-one consolidation of the Corporation's outstanding common shares effective August 12, 2024, the number of common shares outstanding and all per-share amounts have been retroactively adjusted to effect the common share consolidation for all prior period comparatives. (4) The number of weighted average common shares used in per share basic calculations for the three months ended June 30, 2025, was 12,696,959 (13,217,959 diluted per share) and for the three months ended June 30, 2024, was 12,286,101 (12,593,400 diluted per share). The number of weighted average common shares used in the per share basic calculation for the six month ended June 30, 2025 was 12,608,988 (13,183,988 diluted per share) and for the six months ended June 30, 2024 was 12,283,338 (12,608,906 diluted per share). (5) Shareholders' equity per share calculated based on common shares outstanding as at the relevant date. 2025 Q2 Summary Revenue from continuing operations for Q2 2025 was $2,391 compared to $2,533 in Q2 2024. Revenue was negatively impacted by softening demand driven primarily by deferral of some completions activity as customers have taken a cautious approach to the timing of the deployment of their 2025 capital budgets given recent commodity price volatility and general economic uncertainty. High Arctic obtained some larger high-pressure stimulation work from a new customer in Q2 2025 that served to partially offset some of these market headwinds. Oilfield services operating margin from continuing operations was $1,126 in the current year quarter consistent with the $1,110 realized in the prior year quarter. Operating margin percentage improved to 49.1% for Q2 2025 compared to 45.5% for Q2 2024, benefiting from a reduction in lower margin third-party rentals in the current year quarter. Adjusted EBITDA from continuing operations was $482 in the current year quarter compared to $187 in the prior year quarter. EBITDA from continuing operations benefitted the significant reduction in general and administrative expenses. Operating loss from continuing operations of $254 for Q2 2025 compared to $1,363 in Q2 2024. The decrease in operating loss is attributable to significantly reduced general and administrative expense. Prior year quarter general and administrative expenses were impacted by elevated corporate and professional fees related to the Arrangement. Net loss from continuing operations was $295 in Q2 2025 compared to net loss from continuing operations of $1,709 in Q2 2024. Net loss from continuing operations was impacted by the same items impacting operating loss, as above, combined with a reduced loss from equity-accounted investments, a reduction to contingent consideration partially offset with reduced interest income. 2025 Second Quarter YTD Summary Revenue from continuing operations for YTD-2025 was $4,726 compared to $5,521 in YTD-2024. Revenue was negatively impacted by softening demand driven primarily by deferral of some completions activity as customers have taken a cautious approach to the timing of the deployment of their 2025 capital budgets given volatility in oil and natural gas prices and global economic uncertainty, including impacts from ongoing geopolitical events. Year to date oilfield services operating margin from continuing operations was $2,313 in 2025 compared to $2,541 for YTD-2024. Operating margin percentage improved to 51.1% for YTD-2025 compared to 47.7% for YTD-2024, benefiting from a reduction in lower margin third-party rentals in the current year quarter. Year to date Adjusted EBITDA from continuing operations was $986 compared to $280 in the prior year period. Adjusted EBITDA from continuing operations benefitted from the significant reduction in general and administrative expenses. Operating loss from continuing operations for YTD-2025 was $382 compared to $2,433 in YTD-2024. The decrease in operating loss is attributable to significantly reduced general and administrative expenses. YTD-2024 general and administrative expenses were impacted by elevated corporate and professional fees related to the Arrangement and integration costs related to the acquisition of Delta. Net loss from continuing operations for YTD-2025 was $415 compared to $1,527 in YTD-2024. Net loss from continuing operations was impacted by the same items impacting operating loss, as above, combined with reduced interest income. Outlook The first half of 2025 has been an important period for High Arctic to address priorities following the 2024 reorganization and spinout. General and administrative expenses have been reduced as planned. The rentals business has provided a foothold in the WCSB from which to reset strategy, beginning with tactical equipment additions. High Arctic's 42% equity investment in Team Snubbing is significant with reported assets totalling $9.2 million as at June 30, 2025. Team Snubbing generated revenue in the first half of 2025 of $14.0 million, a 15% increase over the prior year comparative period. Although High Arctic's revenues, Adjusted EBITDA and liquidity are not directly impacted by the results of Team Snubbing because of its minority equity ownership, the management of the liquidity/capitalization of Team Snubbing, including its debt leverage levels continues to be a challenge and top priority for High Arctic. All of these areas remain as a primary focus for the balance of 2025. High Arctic's business is driven by the underlying economics associated with its customers' cash flows. These cash flows are driven by their oil and natural gas commodity price hedging and expectations. As customers embark on drilling new oil and natural gas wells, High Arctic's business outlook is reliant on decisions on the subsequent activity to complete these wells for production. Therefore, the financial and operational performance of High Arctic's rental assets and investment in the snubbing industry are highly dependent on fundamentals associated with both drilling and hydraulic fracturing completion trends in the WCSB. As the industry exited the seasonal second quarter spring breakup period in Canada, activity and well licensing has softened when compared to 2024 levels. Customer capital allocation decisions to complete wells continue to show signs of deferral. These deferrals have been influenced by factors that include industry consolidation with successor entities revisiting previously planned projects, OPEC moves to increase oil supply, global trade tariffs, and geopolitical risks that have collectively served to increase investment uncertainty. While global economic uncertainty persists, Canada has opportunity for future and is benefiting from recent energy infrastructure developments. The completion of the Trans Mountain pipeline system expansion in 2024, and recent commencement of west coast LNG exports are positive developments supporting improved long-term fundamentals for High Arctic's business and the upstream energy services. In summary, the Corporation expects to continue to execute on the initial phases of its strategic objectives, with progress to date being evidenced by strong safety performance, balance sheet preservation, general and administrative expense reductions, selective capital expenditure investments, and oversight of its equity investments. Non-IFRS MeasuresThis Press Release contains references to certain financial measures that do not have a standardized meaning prescribed by IFRS and may not be comparable to the same or similar measures used by other companies. High Arctic uses these financial measures to assess performance and believes these measures provide useful supplemental information to shareholders and investors. These financial measures are computed on a consistent basis for each reporting period and include EBITDA (Earnings before interest, tax, depreciation and amortization), Adjusted EBITDA, oilfield services operating margin, operating income (loss), Funds flow from operating activities and working capital. These do not have standardized meanings. These financial measures should not be considered as an alternative to, or more meaningful than, net income (loss), cash from operating activities, current assets or current liabilities, cash and/or other measures of financial performance as determined in accordance with IFRS. For additional information regarding non-IFRS measures, including their use to management and investors and reconciliations to measures recognized by IFRS, please refer to the Corporation's MD&A, which is available online at and through High Arctic's website at Forward-Looking StatementsThis Press Release contains forward-looking statements. When used in this document, the words 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'seek', 'propose', 'estimate', 'expect', and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation's current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the Corporation's actual results, performance, or achievements to vary from those described in this Press Release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this Press Release include, among others, statements pertaining to the following: general economic and business conditions, which will include, among other things, the outlook for the energy industry inclusive of commodity prices, producer activity levels (inclusive of drilling and completions activity) and general energy supply and demand fundamentals that may impact the energy industry as a whole and more specifically as it relates to the Corporation's customers in western Canada and Alaska, United States; expectations related to current and future LNG export projects; the impact (if any) of geo-political events, changes in government, changes to tariffs or related trade policies and the potential impact on the Corporation's ability to execute its 2025 strategic objectives; fluctuations in commodity prices; and the performance of the Corporation's investment in Team Snubbing. With respect to forward-looking statements contained in this Press Release, the Corporation has made assumptions regarding, among other things, its ability to: maintain its ongoing relationship with major customers; successfully market its services to current and new customers; devise methods for, and achieve its primary objectives; source and obtain equipment from suppliers; successfully manage, operate, and thrive in an environment which is facing uncertainty; remain competitive in all its operations; attract and retain skilled employees; obtain equity and debt financing on satisfactory terms and manage its liquidity risk; raise capital and manage its debt finance agreements; manage general and administrative costs; maintain a strong balance sheet and related financial flexibility; scale the Canadian business; and seek and execute accretive acquisitions in a timely manner and achieve operational and financial benefits therefrom. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: economic and financial conditions, including volatility in commodity prices; volatility in interest and exchange rates and capital markets; the level of demand and financial performance of the energy industry; changes in customer demand; and developments and changes in laws and regulations, including in the energy industry. The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set out in the most recent AIF filed on SEDAR+ at The forward-looking statements contained in this Press Release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this Press Release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. About High Arctic Energy ServicesHigh Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. For further information contact: Lonn BateChief Financial Officer P: 587-318-2218P: +1 (800) 688 7143 High Arctic Energy Services 2350, 330 – 5th Ave SWCalgary, Alberta, Canada T2P 0L4website: Email: info@
Yahoo
23 minutes ago
- Yahoo
CAVA Q2 2025 Preview: Slowing Comps Test Profitability
CAVA Group (NYSE:CAVA) is scheduled to report its Q2 2025 financial results after the market closes on Tuesday, August 12. Analysts are forecasting a revenue of approximately $286 million, which would represent a 22% YoY increase. However, the consensus for adjusted EPS is $0.14, a projected decline of 18% from the prior year. Shares are down 25% year to date and well below the November 2024 all-time high of $172. Even so, it remainsmore than 100% above its June 2023 IPO price. A primary focus for investors will be on same-restaurant sales trends. Growth is expected to cool to mid-single-digit growth after a 10.8% gain last quarter, as tougher comparisons and softer traffic are likely behind the slowdown. The company has raised its full-year restaurant opening guidance, thus investors will want to hear whether those new restaurance are performing according to the targets and if pre-opening spending stays under control. On profitability, analysts will watch restaurant-level margins, which management has maintained in its guidance but face inflationary pressures from higher wage rates and produce costs. Any signs of supply chain stability or efficiency gains in labor scheduling might change the outlook for the second half. Lastly, management's guidance for the remainder of 2025 will matter and a reaffirmation of unit growth targets and stable margin outlook could help restore confidence after the recent share pullback. If not, with valuation still elevated versus peers, the stock could face more pressure. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
Telecom Argentina S.A. Announces Consolidated Results for the First Half ("1H25") and Second Quarter of Fiscal Year 2025 ("2Q25")
Market Cap (NYSE:TEO): US$ 4,346.14 million1 Note: 1H25 figures include the effects of the adoption of inflationary accounting in accordance with IAS 29. Therefore, comments regarding 1H25 results and changes in 1H24 results mentioned in this press release correspond to "restated for inflation" or "constant" figures. The comments corresponding to the consolidated results for 1H25 include the results of Telefónica Móviles Argentina ("TMA") for the four-month period from March 1 to June 30, 2025, unless otherwise specified. For analysis purposes, it is important to highlight that the comparative results (June 2024) reflect the year-over-year effect of inflation through June 2025, which reached 39.4%. Additionally, the consolidated results for 1H25 include four months of contributions from TMA, which were not present in the comparative period 1H24. During 1H25, consolidated revenues totaled P$3,357,004 million. Service revenues reached P$3,160,986 million in 1H25, with the following breakdown: Telecom (excluding TMA): +3.8% vs. 1H24 (vs. -11.7% in real terms in 1H24 vs. 1H23). TMA: +7.5% vs. 1H24. It is worth noting that Telecom does not determine TMA's commercial or pricing policies. Consolidated: +44.2% vs. 1H24, including four months of TMA revenues not present in the comparative consolidated period (1H24). During 1H25, the customer base in Argentina showed positive evolution: Telecom (excluding TMA): Although total mobile accesses declined by 1.3%, reaching 20.9 million, postpaid accesses grew by 1.1%. Pay TV subscribers also increased, totaling 3.2 million in the period (+71 thousand or +2.3% vs. 1H24). Lastly, the fixed broadband segment registered a 1.5% increase in the customer base, totaling 4.1 million accesses (+60 thousand vs. 1H24). TMA: Total mobile accesses (including M2M) reached 19.3 million (+464 thousand or +2.5% vs. 1H24). Meanwhile, fixed broadband accesses totaled 1.6 million (+90 thousand or +6.0% vs. 1H24). Lastly, pay TV subscribers amounted to 0.4 million in the same period (-27 thousand or -6.1% vs. 1H24). During 1H25, consolidated Operating Income before Depreciation, Amortization, and Impairment of Fixed Assets ("Operating Income before D, A & I") totaled P$1,007,153 million (+45.9% vs 1H24, due to the contribution of 4 months of TMA), resulting in a consolidated margin of 30.0% (+0.3 p.p. vs 1H24). Telecom's margin (excluding TMA) was 32.5% (+2.8 p.p. vs 1H24). During 1H25, the Company recorded a consolidated net loss of P$75,554 million (vs. a profit of P$1,197,930 million in 1H24). This was mainly due to a loss recorded in net financial results (vs. a gain in 1H24), partially offset by stronger operating results and a lower income tax loss. Consolidated CAPEX (excluding additions from rights of use) represented 14.3% of consolidated revenues in 1H25. Consolidated Net Financial Debt totaled P$4,029,971 million as of June 30, 2025, increasing in real terms (+38.2% in constant currency vs. December 31, 2024). This increase was mainly driven by the financing obtained for the acquisition of TMA. (1) Market capitalization as of August 8, 2025(2) Unaudited non-financial information BUENOS AIRES, ARGENTINA / ACCESS Newswire / August 11, 2025 / Telecom Argentina S.A. ("Telecom Argentina", "Telecom" or the "Company") - (NYSE:TEO)(BYMA:TECO2), announced today a consolidated Net Loss of P$75,554 million for the six-month period ended June 30, 2025. The consolidated Net Loss attributable to the Controlling Company amounted to P$83,792 million. (in million P$ adjusted by inflation, except where noted)* IAS 29 IAS 29 As of June 30, As of June 30, 2025 2024 Δ $ Δ % Consolidated Revenues 3,357,004 2,324,104 1,032,900 44.4 % Consolidated Operating Income before D, A & I 1,007,153 690,258 316,895 45.9 % Consolidated Operating Income (loss) 176,027 (86,575 ) 262,602 - Consolidated Net Income (loss) before income tax expense (41,081 ) 1,701,945 (1,743,026 ) -102.4 % Consolidated Net Income (loss) attributable to Controlling Company (83,792 ) 1,187,416 (1,271,208 ) -107.1 % Consolidated Shareholders' equity attributable to Controlling Company 6,224,353 6,462,808 (238,455 ) -3.7 % Consolidated Net Financial Debt (4,029,971 ) (3,052,220 ) (977,751 ) 32.0 % Consolidated Investments in PP&E, intangible assets & rights of use assets ** 220,409 226,835 (6,426 ) -2.8 % Telecom Fixed lines in service (in thousand lines) *** 2,728 2,755 (27 ) -1.0 % Mobile customers (in thousand) 23,594 23,629 (35 ) -0.1 % Personal (Argentina) 20,935 21,212 (278 ) -1.3 % N??cleo (Paraguay) -including Wimax customers- 2,660 2,417 243 10.0 % Broadband accesses in Argentina (in thousand) 4,111 4,051 60 1.5 % Pay TV Subscribers (Includes Argentina, Uruguay and Paraguay - in thousand) 3,396 3,335 62 1.9 % Average Revenue per user (ARPU) Mobile Services (in P$ - Restated by inflation) 7,444.0 6,613.4 830.6 12.6 % Average Revenue per user (ARPU) Broadband (in P$ - Restated by inflation) 23,755.4 22,354.9 1,400.5 6.3 % Average Revenue per user (ARPU) Pay TV (in P$ - Restated by inflation) 16,297.1 15,473.0 824.1 5.3 % Telefónica Móviles Argentina (TMA) Fixed lines in service (in thousand lines) *** 2,118 2,173 (55 ) -2.5 % Mobile customers (in thousand) 19,272 18,807 464 2.5 % Prepaid + Postpaid (excluding M2M) 16,513 16,336 177 1.1 % Machine-to-machine (M2M) 2,759 2,472 287 11.6 % Broadband accesses (in thousand) 1,586 1,496 90 6.0 % Pay TV Subscribers (in thousand) 409 435 (27 ) -6.1 % Average Revenue per user (ARPU) Mobile Services (in P$ - Restated by inflation) 7,187.7 6,602.7 585.0 8.9 % Average Revenue per user (ARPU) Broadband (in P$ - Restated by inflation) 21,410.5 18,527.4 2,883.1 15.6 % Average Revenue per user (ARPU) Pay TV (in P$ - Restated by inflation) 20,421.3 16,062.1 4,359.2 27.1 % * Figures may not add up due to rounding.** In constant currency - includes additions from rights of use as of June 30, 2025 for P$92,053 million and as of June 30, 2024 for P$127,366 million.*** Telecom figures include IP telephony lines, which totaled approximately 2.05 million and 1.69 million as of June 30, 2025 and June 30, 2024, respectively. TMA figures include IP telephony lines, which totaled approximately 1.50 million and 1.35 million as of June 30, 2025 and June 30, 2024, respectively.****ARPUs in constant currency as of June 30, 2025, were calculated by applying the corresponding average inflation index to the historical ARPU of each segment. Comparative figures for the previous fiscal year have been restated by inflation so that the resulting information is presented in terms of the current measurement unit as of June 30, 2025. The following table shows the evolution of the national consumer price index (National CPI - according to INDEC's official statistics) as of December 31, 2024, and as of June 30, 2024 and 2025: As of June 30, 2024 As of December 31, 2024 As of June 30, 2025 Annual 271.5% 117.8% 39.4% 3-month cumulative (since March) 18.6% n/a 6.0% During 1H25, consolidated revenues reached P$3,357,004 million, with consolidated service revenues totaling P$3,160,986 million. In 1H25, consolidated service revenue performance showed an improvement relative to inflation, as described as follows: Telecom (excluding TMA): +3.8% vs. 1H24 (vs. -11.7% in real terms in 1H24 vs. 1H23). TMA: +7.5% vs. 1H24. It is worth noting that Telecom does not determine TMA's commercial or pricing policies. Consolidated: +44.2% vs. 1H24, including four months of TMA revenues not present in the comparative consolidated period (1H24). Consolidated Revenues Mobile Services As of June 30, 2025, total subscribers of Telecom (excluding TMA) in Argentina and Paraguay reached 23.6 million, while TMA subscribers totaled 19.3 million. In 1H25, consolidated mobile service revenues amounted to P$1,604,897 million (+P$667,424 million or +71.2% vs. 1H24), positioning mobile services as the Company's main business in terms of service revenues (representing 50.8% and 42.8% of service revenues in 1H25 and 1H24, respectively). Mobile internet revenues accounted for 98% and 93% of total mobile service revenues in 1H25 and 1H24, respectively. Excluding the impact of TMA's consolidation in mobile service revenues, the 10.2% increase for Telecom (excluding TMA) was mainly driven by a higher ARPU. Mobile Services in Argentina As of June 30, 2025, Telecom's mobile subscribers in Argentina (excluding TMA) totaled approximately 20.9 million (-278 thousand or -1.3% vs. 1H24). During 1H25, the full impact of the change in the disconnection policy for prepaid lines due to inactivity-implemented in July 2024-was recorded. This change reduced the number of days without top-ups required for line deactivation and largely explains the 2.8% decline in the prepaid base. Meanwhile, the postpaid base increased by 1.1% vs. 1H24. As of June 30, 2025, postpaid accesses represented 39% of total mobile accesses. As of June 30, 2025, TMA's mobile subscribers totaled approximately 19.3 million (+464 thousand or +2.5% vs. 1H24), including M2M-type accesses totaling 2.8 million (+287 thousand or +11.6%). The postpaid base increased by 3.1% vs. 1H24, while the prepaid base grew by 1.9%. As of June 30, 2025, postpaid accesses represented 48% of total mobile accesses. TMA's average monthly churn stood at 1.6% in 1H25 (vs. 2.0% average in 1H24). In 1H25, consolidated mobile service revenues in Argentina reached P$1,532,029 million (+P$684,175 million or +80.7% vs. 1H24). This increase was primarily driven by the consolidation of TMA's results in 1H25, which totaled P$572,126 million. Excluding the impact of TMA's consolidation, the growth was mainly attributable to a 12.6% real increase in ARPU. The average monthly revenue per user ("ARPU") for Telecom (excluding TMA) was P$7,444.0 in 1H25 (+12.6% in real terms vs. 1H24). The effect of restatement to the current measuring unit as of June 30, 2025 included in ARPU amounted to P$375.3 and P$2,514.6 in 1H25 and 1H24, respectively. Average monthly churn stood at 2.1% in 1H25 (vs. 1.6% average in 1H24). The average monthly revenue per user ("ARPU") for TMA was P$7,187.7 in 1H25 (+8.9% in real terms vs. 1H24). The effect of restatement to the current measuring unit as of June 30, 2025 included in ARPU amounted to P$367.2 and P$2,551.2 in 1H25 and 1H24, respectively. Personal in Paraguay ("Núcleo") As of June 30, 2025, Núcleo's subscriber base totaled 2.7 million, increasing 10.1% compared to 1H24. Of the total accesses, 72% corresponded to the prepaid segment and 28% to the postpaid segment, whereas as of June 30, 2024, prepaid accesses represented 74% and postpaid accesses 26%. Average monthly churn stood at 2.3% in 1H25 vs. 2.6% in 1H24. During 1H25, mobile service revenues in Paraguay reached P$72,868 million, decreasing in real terms (-P$16,751 million vs. 1H24). This decline was driven by a reduction in ARPU, measured in constant pesos, partially offset by the appreciation of the guaraní against the Argentine peso and by growth in the customer base. Internet Services Consolidated internet service revenues reached P$744,556 million in 1H25, growing in real terms (+P$161,678 million or +27.7% vs. 1H24). Telecom's subscriber base (excluding TMA) reached 4.1 million subscribers (+60 thousand or +1.5% vs. 1H24) during 1H25. The monthly churn rate for internet services stood at 1.2% and 1.9% as of June 30, 2025 and 2024, respectively. The revenue increase was mainly driven by the consolidation of TMA's results in 1H25, which totaled P$131,955 million. Excluding the impact of TMA's consolidation, the 5.1% increase for Telecom (excluding TMA) was primarily due to higher ARPU and subscriber growth. TMA's subscriber base reached 1.6 million (+90 thousand or +6.0% vs. 1H24) during 1H25. The average monthly churn rate for internet services as of June 30, 2025 was 2.0% (vs. 1.8% in 1H24). In 1H25, Telecom's broadband ARPU (excluding TMA), expressed in constant currency as of June 30, 2025, reached P$23,755.4 (+6.3% in real terms vs. 1H24). The effect of restatement to current measurement units as of June 30, 2025 included in ARPU amounted to P$1,216.4 and P$8,483.1 for 1H25 and 1H24, respectively. Additionally, in 1H25, TMA's broadband ARPU, expressed in constant currency as of June 30, 2025, reached P$21,410.5 (+15.6% in real terms vs. 1H24). The effect of restatement to current measurement units as of June 30, 2025 included in ARPU amounted to P$1,093.8 and P$7,158.8 for 1H25 and 1H24, respectively. As of June 30, 2025, accesses with internet speeds of 100 Mbps or higher represented 92% of the total subscriber base (vs. 86% as of June 30, 2024). Cable TV Services Consolidated revenues from cable television services reached P$386,699 million in 1H25 (+P$47,827 million or +14.1% vs. 1H24). The number of TV subscribers for Telecom (excluding TMA), including Uruguay and Paraguay, totaled 3.4 million (+62 thousand or +1.9% vs. 1H24). TV subscribers for TMA amounted to 0.4 million (-27 thousand or -6.1% vs. 1H24). The positive revenue variation in Argentina was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$34,110 million. Excluding the impact of TMA's consolidation, the 4.0% increase for Telecom (excluding TMA) was primarily due to a 5.3% increase in ARPU and a 1.9% growth in the customer base compared to 1H24. The subscriber base in Argentina for Telecom (excluding TMA) reached 3.2 million accesses as of June 30, 2025, reflecting a 2.3% increase vs. 1H24. This growth was supported by Flow Full and Flow Flex products, the latter being fully digital (no decoder or installation required). Of this customer base, 1.6 million were subscribed to Flow, and Premium subscriptions totaled 1.2 million as of 1H25, increasing 2.1% vs. 1H24. Flow continues to strengthen its positioning in the entertainment segment, enhancing customer experience through services such as the recent launch of Flow+ (a flexible entertainment offering that includes two interchangeable subscriptions every 30 days among Pack Fútbol, HBO, Disney+ Premium, and Universal+, all under a single plan). The monthly TV ARPU for Telecom (excluding TMA), expressed in constant currency as of June 30, 2025, reached P$16,297.1 in 1H25 (+5.3% in real terms vs. 1H24). The inflation adjustment effect included in ARPU amounted to P$435.5 and P$5,746.3 for 1H25 and 1H24, respectively. Meanwhile, the monthly TV ARPU for TMA, expressed in constant currency as of June 30, 2025, reached P$20,421.3 in 1H25 (+27.1% in real terms vs. 1H24). The inflation adjustment effect included in ARPU amounted to P$1,043.2 and P$6,206.2 for 1H25 and 1H24, respectively. The average monthly churn rate for cable TV was 1.5% for Telecom (excluding TMA) as of June 30, 2025, compared to 1.8% as of June 30, 2024. For TMA, churn stood at 4.0% and 3.3% as of June 30, 2025 and 2024, respectively. Fixed Telephony and Data Services Consolidated revenues from fixed voice and data services reached P$394,652 million in 1H25 (+P$86,097 million or +27.9% vs. 1H24). The variation in Argentina is mainly explained by the consolidation of TMA's results in 1H25, which amounted to P$147,177 million. The real-term decline of 19.8% in the fixed voice and data segment for Telecom (excluding TMA) is primarily due to the evolution of the exchange rate lagging behind inflation, in a context where most data segment contracts are indexed to the exchange rate. Additionally, fixed voice revenues increased below inflation, and the segment also experienced a decline in its customer base. Telecom's fixed telephony customer base (excluding TMA) totaled 2.7 million in 1H25, of which 2.0 million correspond to IP line customers. TMA's telephony customer base reached 2.1 million, with 1.5 million being IP line customers. Other Service Revenues Consolidated revenues from other service revenues, which primarily include revenues related to fintech services, billing and collection services on behalf of third parties, administrative fees, and advertising space sales, among others, reached P$30,182 million (+P$5,448 million or +22.0% vs. 1H24). The main variation was driven by the increase in fintech services in Argentina, primarily due to the growth in usage of the Personal Pay digital wallet and the rise in the number of users, which reached 4.2 million in 1H25 vs. 2.9 million in 1H24. Revenues from equipment sales Consolidated equipment sales revenues totaled P$196,018 million (+P$64,426 million or +49.0% vs. 1H24). This variation was mainly driven by the consolidation of TMA's results in 1H25, which amounted to P$72,266 million, while equipment sales for Telecom (excluding TMA) declined by 6.0% in real terms. Consolidated Operating Costs Consolidated Operating Costs including Depreciation, Amortization and Impairment of Fixed Assets amounted to P$3,180,977 million in 1H25 (+P$770,298 million or +32.0% vs. 1H24). Excluding Depreciation, Amortization and Impairment of Fixed Assets, consolidated operating costs increased by P$716,005 million or 43.8% in real terms during the same period. Operating costs for 1H25 include P$730,835 million, corresponding to the consolidation of TMA. The cost breakdown was as follows: Labor costs and severance payments totaled P$803,339 million in 1H25 (+P$253,405 million or +46.1% vs. 1H24). The increase was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$252,997 million. Total headcount reached 19,469 employees as of June 30, 2025. Interconnection and transmission costs, which also include roaming, correspondent services, and line and circuit rentals, amounted to P$94,450 million in 1H25 (+P$20,065 million or +27.0% vs. 1H24). The increase was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$52,568 million. Excluding the impact of TMA's consolidation, the decrease was primarily due to optimization in the use of links and sites and lower traffic volumes. Fees for services, maintenance, and materials: P$425,083 million in 1H25 (+P$105,849 million or +33.2% vs. 1H24). The increase was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$121,613 million. Excluding the impact of TMA's consolidation, the decrease was mainly due to improved efficiencies, with lower maintenance and material costs and reduced service fees compared to 1H24. Taxes, fees, and regulatory charges: P$289,138 million (+P$108,836 million or +60.4% vs. 1H24). Regulatory costs in 1H25 include P$92,523 million corresponding to TMA. Commissions and advertising (agents, collection commissions, and other fees): Charges totaled P$182,714 million in 1H25 (+P$61,886 million or +51.2% vs. 1H24). The increase was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$58,241 million. Cost of equipment sold totaled P$147,926 million in 1H25 (+P$44,968 million or +43.7% vs. 1H24). This variation was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$53,751 million. Programming and content costs: P$163,277 million (+P$33,077 million or +25.4% vs. 1H24). Programming and content costs in 1H25 include P$18,243 million corresponding to TMA. Other costs totaled P$243,924 million (+P$87,919 million or +56.4% vs. 1H24), including bad debt expenses which amounted to P$66,223 million (+P$17,031 million or +34.6% vs. 1H24). Bad debt expenses in 1H25 include P$20,924 million corresponding to TMA. The charge for bad debt continued to show a favorable trend: it represented 2.0% of total revenues as of June 30, 2025 (vs. 2.1% in 1H24). Other operating costs, which include litigation and contingency charges, energy and other utilities, insurance, rentals, and internet capacity, among others, amounted to P$177,701 million (+P$70,888 million or +66.4% vs. 1H24). TMA's contribution to 1H25 totaled P$59,975 million. Depreciation, amortization, and impairment of fixed assets: totaled P$831,126 million (+P$54,293 million or +7.0% vs. 1H24). The charge for the period includes P$196,700 million corresponding to the consolidation of TMA and reflects the impact of amortizations from additions after June 30, 2024, partially offset by the effect of assets that reached the end of their useful life after that date. Net Financial Results Net financial results (including financial debt costs and other net financial results) showed a consolidated loss of P$215,364 million in 1H25 (vs. a gain of P$1,792,664 million in 1H24). This variation was mainly driven by: In millions of $ 1H25 1H24 Δ $ Exchange differences (71,786 ) 1,952,666 (2,024,452 ) RECPAM 61,065 108,005 (46,940 ) Fair value gains/(losses) on financial assets at fair value through profit or loss (30,730 ) (21,020 ) (9,710 ) Remeasurement in borrowings* 1,533 (103,189 ) 104,722 Net interest (110,485 ) (62,601 ) (47,884 ) Others (64,961 ) (81,197 ) 16,236 Total (215,364 ) 1,792,664 (2,008,028 ) *Related to Notes issued in UVA The variation in consolidated net financial results in 1H25 was mainly explained by a higher loss from foreign exchange differences, measured in real terms, of P$2,024,452 million. This was driven by inflation of 15.1% versus a 16.8% appreciation of the U.S. dollar against the Argentine peso (vs. inflation of 79.8% and a 12.8% appreciation of the U.S. dollar in 1H24). Additionally, there were higher financial debt interest expenses of P$56,856 million due to increased borrowing, partially offset by higher gains from loan adjustments of P$104,722 million, resulting from the maturity of UVA-denominated notes, which reduced the outstanding principal balance and, consequently, the associated financial charges. Income Tax Telecom's income tax includes the following effects: the current income tax, determined based on the current tax legislation applicable to Telecom, the effect of applying the deferred tax method with respect to temporary differences determined by comparing our asset and liability valuation according to tax and financial accounting criteria which includes the effect of the income tax inflation adjustment. Consolidated income tax resulted in a loss of P$34,473 million in 1H25 (vs. a loss of P$504,015 million in 1H24). Current income tax losses amounted to P$223,343 million in 1H25 (vs. a loss of P$7,721 million in 1H24), while the effect of deferred income tax in 1H25 was a gain of P$188,870 million (vs. a loss of P$496,294 million in 1H24). Consolidated Net Financial Debt As of June 30, 2025, our net financial debt (cash, cash equivalents - net of Client Funds - plus financial investments and financial NDF* minus loans) is negative and amounted to P$4,029,971 million, which represents an increase of P$1,113,767 when compared to the net financial debt as of December 31, 2024, restated by inflation. This increase was mainly driven by the financing obtained for the acquisition of TMA. * Contemplates rate swaps and NDF (non-delivery forwards) agreements. Investments in PP&E, intangible assets and rights of use assets As of June 30, 2025, consolidated CAPEX (additions of PP&E and intangible assets) totaled P$481,189 million (+53.7% vs. 1H24). Including additions from rights of use, total investments amounted to P$573,242 million, of which P$132,492 million correspond to TMA. The investments were focused on: Expansion of both fixed and mobile data services to improve transmission and access speed offered to customers, the deployment of 4G coverage and capacity, and continued expansion of 5G to support mobile internet growth and enhance service quality. Deployment and modernization of 4G mobile access sites to improve coverage and increase mobile network capacity. The 4G/LTE rollout reached 98% population coverage. According to the latest benchmark conducted by Ookla in June 2025, our mobile network customers with access to our 4G network experienced improved service quality, reaching average speeds of 86 Mbps, compared to 55 Mbps in the same period in 2024. During the first months of 2025, we continued expanding our 5G network with the addition of 218 sites. Additionally, we continued deploying mobile site connectivity to improve quality and capacity by replacing radio links with high-capacity fiber optic connections. Relevant financial events of the period TAX Matters - TMA On May 15, 2025, our subsidiary Telefónica Móviles Argentina S.A. (TMA) paid P$83,070,480,057 to the tax authorities in respect of taxes and compensatory interest arising from its acquisition by Telecom Argentina on February 24, 2025. This payment was made because the two-year period required by tax regulations for the merger by absorption of Telefónica Argentina S.A. (TASA) into TMA to be considered tax-free had not yet elapsed. International Notes Issuance - Clase 24 A key milestone in the first half of the year was the successful international issuance of Class 24 Notes by the Company in May, totaling US$800 million. Details are as follows: Class Currency Principal Nominal Amount Issue Date Maturity Date Principal Amortization Interest Rate Interest Payment (in millions) 24 US$ 800 May 28, 2025 May 28, 2033 50% on May 28, 2032 50% on May 28, 2033 9,25% (9,5% Yield*) Semiannual * Issue price: 98.682% of the Notes' Nominal Value Bank Loans - TMA Acquisition On May 29, 2025, the Company applied the proceeds from the Class 24 Notes to: (i) Prepay US$650 million in principal and US$0.3 million in interest under the Syndicated Loan (equivalent to P$782,177 million in constant currency as of June 30, 2025) and, (ii) Prepay US$134 million in principal and US$0.1 million in interest under the Bilateral Loan (equivalent to P$161,002 million in constant currency as of June 30, 2025). As of June 30, the remaining balance of these loans totaled P$433,897 million. Entity Currency Initial Principal Amount Residual Principal Amount Maturity Date Principal Amortization Interest Rate Applicable Margin Interest Payment (in millions) (in millions) Syndicated (1) US$ 970 320 02/2029 Bullet at maturity Variable: SOFR 3M Between 4.00% -7.00% Quarterly Bilateral (2) US$ 200 66 Between 02/2028 -02/2030 Semiannual from 02/2028 Variable: SOFR 3M 4.00% Quarterly (1) Syndicated Loan granted by Banco Bilbao Vizcaya Argentaria S.A., Deutsche Bank AG London Branch, and Banco Santander S.A.(2) Bilateral Loan granted by Industrial and Commercial Bank of China (Argentina) S.A.U. Regulatory Matters - TMA Acquisition On June 19, 2025, the Company was notified of a Resolution issued by the Secretary of Industry and Commerce, through which it was informed of the Technical Report issued by the CNDC, considered as the preliminary objection report under Article 14 of Law No. 27,442. This report does not constitute a final decision nor the imposition of sanctions, but rather a formal stage of the proceeding that enables the parties to exercise their right to defense, submit responses, or propose commitments to mitigate potential anticompetitive effects. Accordingly, pursuant to the aforementioned resolution, the Secretary of Industry and Commerce granted a 15-day period for the Company to submit any comments it deemed appropriate regarding the preliminary objection report and/or, if deemed suitable, to offer potential remedies. To that end, a special hearing was also convened, the date of which will be set by the CNDC in due course. The Company believes that the aforementioned objection report was issued and notified prematurely, at an early stage of the process, without having all the necessary information and without the full completion of the approval stages established under the competition law. In this regard, the Company disagrees with the preliminary conclusions set forth in the report and has focused on analyzing all the statements made by the CNDC therein, as well as preparing all relevant submissions and technical data in response (including information included in the F2 form, which was recently submitted and is pending review by the CNDC). On August 5, 2025, the Company responded in a timely and proper manner to the transfer of the Preliminary Objection Report issued by the CNDC. Along with this submission, and without this being interpreted in any way as an acknowledgment that the transaction raises a competition defense issue, the Company expressed its willingness to assume possible commitments that address the provisional concerns outlined in the Preliminary Objection Report which, if accepted by the CNDC and implemented by the Company, could constitute feasible remedies to such concerns. The Company estimates that, under reasonable and normal market conditions, none of these proposed remedies would have a significant adverse effect on the Company's business nor impair its ability to meet its financial obligations. For further information, refer to Note 16 of the financial statements as of June 30, 2025. Relevant events after June 30, 2025 Local Notes Issuance - Class 25 and 26 Class Currency Principal Nominal Amount Issue Date Maturity Date Principal Amortization Interest Rate Interest Payment (in millions) 5 US$ 50.5 07/2025 07/2027 Bullet at maturity 7.50% Quarterly 26 P$ 57,961.8 07/2025 07/2026 Bullet at maturity TAMAR + 4% Quarterly Tap of International Notes - Class 24 In July 2025, the Company successfully reopened its Class 24 Notes for an amount of US$200 million, increasing the outstanding amount of the Notes to US$1,000 million. The placement achieved a yield of 8.80%, lower than that obtained in the original issuance. Class Currency Principal Nominal Amount Issue Date Maturity Date Principal Amortization Interest Rate Interest Payment (in millions) Additional 24 US$ 200 July 29, 2025 May 28, 2033 - 50% on May 28, 2032- 50% on May 28, 2033 9.25% (8.80% yield*) Semiannual *Issue price: 102.369% of the Notes' Nominal Value As of June 30, 2025, Telecom Argentina owns 2,153,688,011 issued and outstanding shares. For more information, please contact Investor Relations: Luis Fernando Rial Ubagolfrialubago@ Tomás Pellicoritlpellicori@ For information about Telecom Argentina's services, visit: Disclaimer This document may contain statements that could constitute forward-looking statements, including, but not limited to (i) the Company's expectations for its future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; (ii) the continued synergies expected from the merger between the Company and Cablevisión S.A. (or the Merger); (iii) the implementation of the Company's business strategy; (iv) the changing dynamics and growth in the telecommunications and cable markets in Argentina, Paraguay, Uruguay and the United States; (v) the Company's outlook for new and enhanced technologies; (vi) the effects of operating in a competitive environment; (vii) the industry conditions; (viii) the outcome of certain legal proceedings; and (ix) regulatory and legal developments. Forward-looking statements may be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "will," "may" and "should" or other similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. In addition, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by forward-looking statements. These factors include, among others: (i) the Company's ability to successfully implement our business strategy and to achieve synergies resulting from the Merger; (ii) the Company's ability to introduce new products and services that enable business growth; (iii) uncertainties relating to political and economic conditions in Argentina, Paraguay, Uruguay and the United States, including the policies of the new government in Argentina; (iv) the impact of political developments, including the policies of the new government in Argentina, on the demand for securities of Argentine companies; (v) inflation, the devaluation of the peso, the Guaraní and the Uruguayan peso and exchange rate risks in Argentina, Paraguay and Uruguay; (vi) restrictions on the ability to exchange Argentine or Uruguayan pesos or Paraguayan guaraníes into foreign currencies and transfer funds abroad; (vii) the impact of currency and exchange measures or restrictions on our ability to access the international markets and our ability to repay our dollar-denominated indebtedness; (viii) the creditworthiness of our actual or potential customers; (ix) the nationalization, expropriation and/or increased government intervention in companies; (x) technological changes; (xi) the impact of legal or regulatory matters, changes in the interpretation of current or future regulations or reform and changes in the legal or regulatory environment in which the Company operates, including regulatory developments such as sanctions regimes in other jurisdictions (e.g., the United States) which impact on the Company's suppliers; (xii) the effects of increased competition; (xiii) reliance on content produced by third parties; (xiv) increasing cost of the Company's supplies; (xv) inability to finance on reasonable terms capital expenditures required to remain competitive; (xvi) fluctuations, whether seasonal or in response to adverse macro-economic developments, in the demand for advertising; (xvii) the Company's ability to compete and develop our business in the future; (xviii) the impact of increased national or international restrictions on the transfer or use of telecommunications technology; and (xix) the impact of the outbreak of COVID-19 on the global economy and specifically on the economies of the countries in which we operate, as well as on our operations and financial performance. Many of these factors are macroeconomic and regulatory in nature and therefore beyond the control of the Company's management. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended, planned or projected. The Company does not intend and does not assume any obligation to update the forward-looking statements contained in this document. These forward-looking statements are based upon a number of assumptions and other important factors that could cause our actual results, performance or achievements to differ materially from our future results, performance or achievements expressed or implied by such forward-looking statements. Readers are encouraged to consult the Company's Annual Report on Form 20-F and the periodic filings made on Form 6-K, which are periodically filed with or furnished to the United States Securities and Exchange Commission, as well as the presentations periodically filed before the Argentine Securities and Exchange Commission (Comisión Nacional de Valores) and the Buenos Aires Stock Exchange (Bolsas y Mercados Argentinos), for further information concerning risks and uncertainties faced by the Company. SOURCE: Telecom Argentina S.A. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
