The modest top-line recovery and margin improvement suggest stabilization after a weak FY2025. Watch for sustained volume growth in coming quarters and any impact from the controlling shareholder restructuring. Current valuation at 89% analyst bullish consensus may already price in recovery, limiting upside surprise potential.
Price Chart
Executive Summary
Loma Negra reported 1Q26 results with slight revenue growth (+1.1%) and a 5.1% increase in Adjusted EBITDA, reversing the decline seen in FY2025. However, gross profit was flat and bottom-line growth was largely driven by financial gains. Management remains cautiously optimistic about 2026, citing gradual demand recovery.
Key Facts
- Net revenues of Ps. 218.7 billion, up 1.1% YoY
- Adjusted EBITDA of Ps. 54.6 billion, up 5.1% YoY (margin 24.9% vs 24.0%)
- Net profit attributable to owners of Ps. 41.0 billion, up 44.0% YoY, boosted by higher financial gains
- Cement volumes rose 1.8% YoY, concrete volumes +14.1%, aggregates -18.3%
- Net debt of US$ 186 million, Net Debt/LTM Adj. EBITDA ratio of 1.33x
- Issued US$ 60 million corporate bond in January 2026
Financial Impact
Revenue up 1.1% to Ps. 218.7B; Adjusted EBITDA up 5.1% to Ps. 54.6B
Risk Factors
- Macroeconomic weakness in Argentina could slow construction demand
- Currency volatility and hyperinflation adjustments distort reported results
- Ownership uncertainty from indirect shareholder restructuring
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001711375-26-000036 |
| Document: earningspresentation1q26.htm | 0001711375-26-000036 |
| Document: 0001711375-26-000036-index-headers.html | 0001711375-26-000036 |
| Document: 0001711375-26-000036-index.html | 0001711375-26-000036 |
| Document: 0001711375-26-000036.txt | 0001711375-26-000036 |
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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