Cablevisión Holding announces its First Half and Second Quarter 2025 Results

Rhea-AI Summary

Cablevisión Holding (OTC:CVHSY), the controlling shareholder of Telecom Argentina, reported its First Half 2025 results, marked by the significant acquisition of Telefónica Móvil Argentina (TMA) in February 2025.

Key financial highlights include: Total revenues reached Ps. 3,357,004 million, up 44.4% year-over-year, primarily driven by TMA integration and higher ARPUs. EBITDA increased 45.2% to Ps. 1,000,447 million, with margin expanding to 29.8%. However, the company reported a consolidated net loss of Ps. 80,188 million, with Ps. 37,380 million attributable to controlling shareholders.

Results for 1H25 are not directly comparable to 1H24 due to the inclusion of TMA's operations starting March 1st, 2025. Excluding TMA, total costs decreased by 0.6% compared to 1H24.

Positive

• Major acquisition of Telefónica Móvil Argentina completed, expanding market presence
• Total revenues increased 44.4% year-over-year to Ps. 3,357,004 million
• EBITDA grew 45.2% with margin expansion to 29.8%
• Higher ARPUs achieved across all services
• Total costs (excluding TMA) decreased by 0.6% year-over-year

Negative

• Consolidated net loss of Ps. 80,188 million compared to profit in 1H24
• Decrease in fixed telephony copper accesses
• EBITDA margin in Q2 declined to 27.5% from 32.9% in Q1 2025
• Net loss attributable to shareholders of Ps. 37,380 million versus profit in previous year

BUENOS AIRES, ARGENTINA / ACCESS Newswire / August 11, 2025 / Cablevisión Holding S.A., ("Cablevision Holding", "CVH" or "the Company")(BCBA:CVH)(OTC:CVHSY), controlling shareholder of Telecom Argentina S.A. (NYSE:TEO)(BCBA:TECO2), announced today its First Half and Second Quarter 2025 Results. Figures have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in constant Argentine Pesos ("Ps." or "P$") as of June 30, 2025, unless otherwise indicated.

^{The Company's Management has applied IAS 29 (inflation adjustment) in the preparation of these financial statements, following the provisions of Resolution 777/18, issued by the Comisión Nacional de Valores ("CNV").}

CVH Highlights (1H25 vs. 1H24):

• This quarter includes results of Telefónica Móvil Argentina ('TMA'), which was acquired by Telecom Argentina on February 24, 2025, hence, the results for the 1H25 aren't comparable to the results of 1H24 as they include results of TMA from March 1^st 2025.

• Total Revenues reached Ps. 3,357,004 million, an increase of 44.4% in real terms as of 1H25, compared to the same period of 2024, mostly driven by the incorporation of revenue from TMA and by higher ARPUs in real terms in all of the services, in part the effect of price increases carried implemented in 2024 and the decrease in inflation rate; partially offset by a decrease in fixed telephony copper accesses.

• Total Costs (Excluding Depreciation and Amortization) reached Ps. 2,356,557 million, an increase of 44.1% in constant currency, mainly driven by higher costs on all items, driven by the incorporation of TMA. Excluding this effect, total costs reached Ps. 1,625,722 million, a decrease of 0.6% compared to 1H24.

• EBITDA reached Ps. 1,000,447 million as of 1H25, an increase of 45.2% in real terms compared to 1H24, mainly driven by the incorporation of TMA's EBITDA, and by higher revenues (excluding TMA), resulting in a higher EBITDA Margin of 29.8% in 1H25, compared to 29.6% in 1H24.

• Consolidated Net Loss amounted to Ps. 80,188 million. Consolidated net loss attributable to the Controlling Company amounted to Ps. 37,380 million.

FINANCIAL HIGHLIGHTS

(millions of Ps. in constant Currency as of June 30, 2025)			1H25				1H24			% Ch.					2Q25				1Q25				2Q24			QoQ				YoY
Total Revenues			3,357,004				2,324,104				44.4	%			1,911,678				1,445,326				1,193,553.5				32.3	%			60.2	%
EBITDA (1)			1,000,447				688,776				45.2	%			524,886				475,561				347,058				10.4	%			51.2	%
EBITDA Margin (2)			29.8	%			29.6	%			0.6	%			27.5	%			32.9	%			29.1	%			(16.6	%)			(5.6	%)
Net income			(80,188	)			1,193,499				(106.7	%)			(172,174	)			91,985				79,589				(287.2	%)			(316.3	%)
Attributable to:
Equity Shareholders			(37,380	)			459,614				(108.1	%)			(67,459	)			30,077				27,279				(324.3	%)			(347.3	%)
Non-Controlling Interests			(42,808	)			733,885				(105.8	%)			(104,715	)			61,908				52,310				(269.1	%)			(300.2	%)

^{(1) EBITDA is defined as Total Revenues minus operating cost and expenses (excluding depreciation and amortization). We believe that EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on operating performance, leverage and liquidity. Nonetheless, EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute EBITDA in a different manner; therefore, EBITDA as reported by other companies may not be comparable to EBITDA as we report it.}

^{(2 ) EBITDA Margin is defined as EBITDA over Total Revenues.}

Investor Relations Contacts: In Buenos Aires: Cablevisión Holding S.A. Samantha Olivieri, Head of Investor Relations Email: ir@cvh.com.ar Tel: (+54 11) 4309 - 3417 www.cvh.com.ar

In New York: Fig Corporate Communications Camilla Ferreira and Marcella Ewerton Dragone Email: fig@fig.ooo Tel: +1 917 691-4047

CONFERENCE CALL AND WEBCAST INFORMATION

CABLEVISIÓN HOLDING S.A
(BCBA:CVH)(OTC:CVHSY)
cordially invites you to participate in its Webcast Presentation
to discuss the First Half and Second Quarter 2025 Results

Date: Wednesday, August 13, 2025
Time: 12:00pm Buenos Aires Time/11:00am New York Time/4:00pm London

To access the live stream and slide presentation, visit: https://event.choruscall.com/mediaframe/webcast.html?webcastid=odJ1X74P

The webcast presentation will also be available at: https://www.cablevisionholding.com/Investors

ABOUT THE COMPANY

CVH was founded as corporate spin-off from Grupo Clarín S.A. and it is the first Argentine holding company that engages in the development of infrastructure and the provision of convergent telecommunications services, focusing on Argentina and the region. CVH's subsidiaries specialize in the provision of cable TV, broadband and mobile communications services; and their brands are well known in the telecommunications and content distribution industries.

Disclaimer

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of CVH. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. CVH does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in CVH's projections or forward-looking statements, including, among others, general economic conditions, CVH's competitive environment, risks associated with operating in Argentina a, rapid technological and market change, and other factors specifically related to CVH and its operations.

SOURCE: Cablevision Holding S.A.

View the original press release on ACCESS Newswire

FAQ

What were Cablevisión Holding's (CVHSY) key financial results for First Half 2025?

In 1H25, revenues reached Ps. 3,357,004 million (up 44.4%), EBITDA was Ps. 1,000,447 million (up 45.2%), with a 29.8% margin. However, the company reported a net loss of Ps. 80,188 million.

How did the Telefónica Móvil Argentina acquisition impact CVHSY's 2025 results?

The TMA acquisition, completed in February 2025, significantly boosted revenues and EBITDA. Results from March 1st, 2025 include TMA operations, making 1H25 results not directly comparable to 1H24.

What was Cablevisión Holding's EBITDA margin trend in Q2 2025?

EBITDA margin in Q2 2025 was 27.5%, showing a decline from 32.9% in Q1 2025 and 29.1% in Q2 2024.

How much net loss did CVHSY report for shareholders in 1H 2025?

CVHSY reported a net loss attributable to shareholders of Ps. 37,380 million in 1H25, compared to a profit of Ps. 459,614 million in 1H24.

What were the main factors driving CVHSY's revenue growth in 1H 2025?

Revenue growth was primarily driven by the incorporation of TMA's revenue, higher ARPUs across all services, and the effect of price increases implemented in 2024, partially offset by decreased fixed telephony copper accesses.