Telecom Argentina Posts Quarterly Loss of 56.615 Billion Pesos Despite 18% Revenue Growth
Key Facts
Telecom Argentina reported a consolidated net loss of 56.615 billion pesos in the third quarter of 2026, alongside revenue of $1.778 billion, according to results published by the company via PR Newswire. In the first nine months of the year, the company recorded consolidated net income of 862.959 billion pesos. The company said quarterly revenue rose 18% compared with the third quarter of 2025. Adjusted earnings before interest, taxes, depreciation and amortization also increased 37% to $642 million. The margin on this measure was 36.1% for the quarter.
The quarter-on-quarter comparison shows revenue rising from $1.501 billion in the third quarter of 2025 to $1.778 billion in the corresponding quarter of 2026. Earnings before interest, taxes, depreciation and amortization climbed from $470 million to $642 million over the same period. By contrast, the quarter ended with a consolidated loss in pesos, despite growth in revenue and the adjusted operating measure in dollars. The company attributed some of the pressure on TMA service revenue to exceptional discounts totaling 39.930 billion pesos. It said the discounts affected TMA service revenue by about 4.3% during the quarter.
The company added that excluding the impact of the discounts, TMA service revenue would have grown 0.9% year over year, rather than posting the reported 3.3% decline. It said the discounts were linked to billing-cycle changes. The company also recorded impairment losses of about 383.870 billion pesos in the third quarter. It said most of these losses relate to assets to be sold under the conditions for approval of the TMA acquisition. The company said this item does not affect earnings before interest, taxes, depreciation and amortization or cash flow.
Telecom Argentina said the nine-month figures include the application of inflation accounting under IAS 29. Annual inflation through September 2026 was about 33.4%, compared with 31.8% through September 2025. The company said the comparative results for September 2025 reflect the year-on-year inflation impact through September 2026. In trading, EL7 data showed TEO closing at $10.58 on November 11, 2026. Verified figures for the stock's trading range in that session were not included in the available information.