Telecom Argentina S.A. announces consolidated results for the nine-month period ("9M26") and third quarter of fiscal year 2026 ("3Q26")(2)

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Market Cap: USD 4,557.2 million1 Note: 9M26 reported figures include the effects of the adoption of inflationary accounting in accordance with IAS 29. Therefore, comments…

Note: 9M26 reported figures include the effects of the adoption of inflationary accounting in accordance with IAS 29. Therefore, comments regarding 9M26 results and changes vs. 9M25 results mentioned in this press release correspond to "restated for inflation" or "constant" figures.

BUENOS AIRES, Argentina, Nov. 12, 2026 /PRNewswire/ -- Telecom Argentina S.A. ("Telecom Argentina") – (NYSE: TEO; BYMA: TECO2) announced today a consolidated Net Loss of P$56,615 million for the third quarter ended September 30, 2026, and a consolidated Net Income of P$862,959 million for the nine-month period. The Net Loss attributable to the Controlling Company amounted to P$66,216 million in 3Q26, and the Net Income attributable to the Controlling Company amounted to P$837,345 million in 9M26.

1 Market capitalization as of November 11, 2026.2 Unaudited non-financial information

1Equity FCF is calculated based on cash flows from operating and investing activities, adjusted for movements related to financial investments, dividends from associates, acquisitions or divestitures of subsidiaries and financial interest payments.2Revenue real growth excludes the impact of the extraordinary commercial discounts granted by TMA in the quarter (dark segment).

Note: figures in the quarterly evolution are expressed in U.S. dollars. Each quarter is presented in constant currency of its own period and divided by the BNA ask end-of-period exchange rate. Exchange rates used (P$/US$): 3Q25: 1,380; 4Q25: 1,455; 1Q26: 1,382; 2Q26: 1,482; 3Q26: 1,517.

Average monthly ARPU and churn. ARPU in constant currency as of September 30, 2026.

The evolution of Service Revenues relative to inflation was as follows:

Normalizing the extraordinary discounts granted by TMA in the quarter (approximately P$39,930 million), consolidated service revenues for 3Q26 would have reached P$2,639,900 million (-0.2% vs. 3Q25, compared to -1.7% reported).

In 3Q26, consolidated mobile service revenues reached P$1,450,985 million (+P$70,955…

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