The significant drop in profitability and margin compression signal weakening pricing power and cost pressures. Traders should monitor cement demand trends in Argentina and the outcome of the potential sale process for the controlling stake, which could create volatility. The company's ability to manage costs and leverage volume recovery will be key for any near-term catalyst.
Price Chart
Executive Summary
Loma Negra's FY2025 annual report reveals a sharp deterioration: revenue fell 7.8% to Ps. 848,087 million and net profit plunged 88.7% to Ps. 22,821 million, with gross margin contracting 493bps to 21.8%. The decline was driven by softer pricing in cement (-11.9%) and concrete (-24%), partially offset by volume gains. Additionally, the indirect controlling shareholder's judicial reorganization was confirmed, introducing new shareholders and a potential sale process for the company's shares, adding ownership uncertainty.
Key Facts
- Revenue decreased 7.8% to Ps. 848,087 million in 2025 from Ps. 919,761 million in 2024.
- Net profit dropped 88.7% to Ps. 22,821 million from Ps. 202,094 million.
- Gross margin contracted from 26.7% to 21.8%.
- Cement, masonry & lime average price fell 11.9% despite 2.5% volume increase.
- Concrete average price fell 24.0% despite 42.7% volume increase.
- Net debt increased to Ps. 266,492 million from Ps. 213,567 million.
- Indirect controlling shareholder's judicial reorganization plan confirmed in December 2025, with new shareholders and potential sale of Loma Negra shares.
- Issued US$112.9 million Class 5 corporate bonds at 8% in July 2025.
Financial Impact
Revenue down Ps. 71.7 billion, net profit down Ps. 179.3 billion year-over-year.
Risk Factors
- Continued macroeconomic instability in Argentina (inflation, FX controls, recession risk).
- Uncertainty from the indirect controlling shareholder's restructuring and potential sale process.
- Further cement price erosion if demand softens or competition intensifies.
- Regulatory risks including railway concession expiration and environmental compliance costs.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001711375-26-000030 |
| Document: loma-2024xex22xdescription.htm | 0001711375-26-000030 |
| Document: loma-202520fxex1212025.htm | 0001711375-26-000030 |
| Document: loma-202520fxex1222025.htm | 0001711375-26-000030 |
| Document: loma-202520fxex1312025.htm | 0001711375-26-000030 |
| Document: loma-202520fxex1512025.htm | 0001711375-26-000030 |
| Document: 0001711375-26-000030-index-headers.html | 0001711375-26-000030 |
| Document: 0001711375-26-000030-index.html | 0001711375-26-000030 |
| Document: 0001711375-26-000030.txt | 0001711375-26-000030 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 6d ago | 6-K | $9.65 $9.64 | ▲ +0.10% | ▲ +0.63% | $9.42 (+2.38%) |
Aug 12, 2026 10w ago | 6-K | $9.68 $9.50 | ▼ −1.86% | ▼ −2.56% | $9.42 (−2.69%) |
May 8, 2026 24w ago | 6-K | $11.02 $10.95 | ▼ −0.64% | ▼ −0.87% | $9.42 (−14.52%) |
May 5, 2026 24w ago | 6-K | $11.70 $11.10 | ▼ −5.13% | ▼ −4.80% | $9.42 (−19.49%) |
May 4, 2026 24w ago | 6-K | $11.29 $11.70 | ▲ +3.63% | ▲ +2.25% | $9.42 (−16.56%) |
Apr 28, 2026 25w ago | 20-F | $10.86 $11.04 | ▼ −1.66% | ▼ −0.63% | $9.42 (+13.26%) |
Apr 24, 2026 26w ago | 6-K | $11.12 $10.80 | ▼ −2.88% | ▼ −3.04% | $9.42 (−15.29%) |
Apr 6, 2026 29w ago | 6-K | $11.46 $11.45 | ▼ −0.09% | ▼ −0.15% | $9.42 (−17.80%) |
Mar 31, 2026 29w ago | 6-K | $11.09 $11.07 | ▼ −0.18% | ▼ −0.26% | $9.42 (−15.06%) |
US Market Status
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