Loma Negra (LOMA) Q2 2026 earnings summary

Executive summary

• Net revenues increased 2.1% year-over-year to ARS 238.1 billion, driven by favorable pricing despite a 1.4% decline in cement volumes, mainly due to heavy rains in April, with trends normalizing in May and June.

• Adjusted EBITDA declined 2.5% year-over-year to ARS 48.2 billion, with margin contracting to 20.2%.

• Net profit attributable to owners surged to ARS 7.5 billion from ARS 0.5 billion a year ago, mainly due to lower financial expenses.

Financial highlights

• Gross profit decreased 3.9% year-over-year, with gross margin down 122 basis points to 19.2%.

• Adjusted EBITDA margin contracted by 97 basis points to 20.2%.

• Net financial loss improved to ARS 5.6 billion from ARS 22.3 billion year-over-year.

• Cash flow from operating activities was ARS 18.1 billion, reversing a cash outflow of ARS 29.7 billion last year.

• EPS increased sharply to ARS 12.80 from ARS 0.91 year-over-year.

Outlook and guidance

• Management remains cautiously optimistic for the second half, expecting a gradual recovery path, supported by RIGI regime projects, government road concessions, and seasonal strength in September and following months.

• Focus remains on cost discipline and operational efficiency.