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Telecom Argentina Swings to 2025 Net Loss as TMA Integration Boosts Revenue and Capex

Story Highlights
  • Telecom Argentina’s 2025 revenue rose on TMA consolidation and solid service growth.
  • Despite stronger EBITDA and higher capex, Telecom posted a 2025 net loss from FX impacts and TMA-driven debt.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Telecom Argentina Swings to 2025 Net Loss as TMA Integration Boosts Revenue and Capex

Meet Samuel – Your Personal Investing Prophet

Telecom Argentina ( (TEO) ) has issued an update.

Telecom Argentina reported its consolidated results for fiscal year 2025 on March 10, 2026, showing service revenues of P$7.9 trillion within total revenues of P$8.3 trillion, with Telecom’s core business (excluding TMA) growing 4.2% in real terms and TMA up 3.8%. The integration of ten months of TMA’s performance drove a 54.7% year-on-year rise in consolidated service revenues, while mobile, broadband and TV customer bases in Argentina and Paraguay generally expanded, particularly in fixed broadband and pay-TV.

Operating income before depreciation, amortization and impairment rose 64.8% to P$2.53 trillion, lifting the margin to 30.3%, but the company swung to a consolidated net loss of P$145.3 billion in 2025 from a prior-year profit, mainly due to adverse exchange-rate differences amid lower inflation and a sharper peso depreciation. Capital expenditures nearly doubled to P$1.49 trillion, or 17.8% of revenues, and net financial debt climbed 40.2% in real terms to P$4.65 trillion as Telecom financed the acquisition of TMA, although leverage metrics improved as earnings grew faster than debt.

The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.

Spark’s Take on TEO Stock

According to Spark, TipRanks’ AI Analyst, TEO is a Neutral.

Overall score is driven primarily by strong revenue growth and robust cash generation, partially offset by weak profitability and negative ROE. Technicals are generally supportive with the stock trading above key moving averages, though momentum signals are mixed. Valuation is helped substantially by the very high dividend yield, despite a negative P/E due to losses.

To see Spark’s full report on TEO stock, click here.

More about Telecom Argentina

Telecom Argentina is a leading telecommunications operator in Argentina, with additional operations in Paraguay, offering mobile, fixed broadband and pay-TV services. The company recently incorporated Telefónica Móviles Argentina (TMA) into its consolidated results, expanding its mobile and broadband footprint and reinforcing its position in convergent telecom and ICT services in the local market.

Average Trading Volume: 265,249

Technical Sentiment Signal: Buy

Current Market Cap: $4.97B

For detailed information about TEO stock, go to TipRanks’ Stock Analysis page.

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