Did Loma Negra beat or miss consensus estimates last quarter?

What were the key takeaways from Loma Negra's earnings call?

What factors drove the changes in Loma Negra's revenue and profit?

What guidance did Loma Negra's management provide for the next earnings period?

What is Loma Negra's latest dividend and current dividend yield?

What is Loma Negra's gross profit margin?

What is the revenue and EPS growth rate for Loma Negra year over year?

What were the key takeaways from Loma Negra’s earnings call?

- **Revenue decline**: Q4 2025 revenue down 1.7% YoY, full-year down 7.8%.
- **EBITDA contraction**: Q4 EBITDA down 33.4% YoY, full-year margin at 21.3% (-454 bps YoY).
- **Energy cost improvement**: Lower natural gas prices and renewable energy contracts to reduce thermal costs.
- **2026 Outlook**: High single-digit volume growth expected, with margin recovery driven by pricing and cost control.
- **Key Risk**: Infrastructure project execution delays and FX volatility could hinder recovery.

**【CEO Summary Section】**
- Q4 2025 revenue declined 1.7% YoY to ARS 225.2 billion (USD 152 million), with full-year revenue down 7.8% to ARS 848 billion.
- Adjusted EBITDA for Q4 was $37 million (19.7% margin), down 33.4% YoY, with full-year EBITDA at $146 million (21.3% margin, -454 bps YoY).
- Net debt decreased QoQ to $183 million, with a net debt-to-EBITDA ratio of 1.4x, reflecting strong financial discipline.
- 2026 outlook: Volumes expected to grow in high single digits, with margin recovery driven by pricing improvements and cost control.

**【CFO Financial Commentary】**
- Economic activity in 2025 grew 4.4%, but construction sector remained flat, with cement dispatches up 5.6% YoY.
- Segment performance: 
  - Cement: Revenues down 4.4% YoY due to pricing softness, bulk cement outperforming retail.
  - Concrete: Revenues up 37% YoY, driven by infrastructure projects.
  - Aggregates: Volumes up 8.2% but pricing pressures weighed on margins.
  - Railroad: Margins improved to 1.9% YoY, but ongoing rail line disruptions constrained growth.
- Gross profit declined 29.1% YoY, with cost increases driven by maintenance, packaging, and energy inputs.
- Full-year net income attributable to owners was ARS 23.6 billion, down from ARS 202.3 billion in 2024 due to weaker operations and financial results.

**【Q&A Highlights】**
- **Energy Management**: Natural gas contracts signed for 2026-27 at lower prices; renewable energy contracts starting Q1 2026.
- **2026 Volumes**: Expect high single-digit growth despite Q1 2026 dispatches down 6% YoY (due to holiday delays).
- **Pricing Trends**: Sequential price recovery in Q4 2025 to continue, with margin expansion if FX stability holds.
- **Risk Factors**: Delays in infrastructure projects and FX volatility could impact volume growth.


Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) Q4 2025 Earnings Call Transcript

- **Q3 Challenges**: 5% YoY volume decline, $36M EBITDA (23.7% YoY drop in pesos), and net debt of $206M amid macro uncertainty.
- **Positive Signs**: October volumes up 7.4% YoY, successful 25kg bag launch, and bulk cement resilience (44% of industry dispatches).
- **Forward Outlook**: Pricing adjustments above inflation expected; no dividends in 2025, potential 2026 restart; Q4 volumes supported by post-election investments and FX stability.

**【Management Opening Remarks】**
- Diego Jalón welcomed participants and outlined the agenda, emphasizing forward-looking statements and non-GAAP financial measures. The earnings release and presentation were made available prior to the call.

**【CEO Summary Section】**
- **Industry Challenges**: The quarter saw a 5% YoY decline in industry activity due to election-related uncertainty and higher interest rates. However, September and October volumes showed improvement, with October up 7.4% YoY.
- **Financial Performance**: Adjusted EBITDA was $36 million (down 23.7% YoY in pesos), with a margin of 20.8%. Net debt decreased by $9 million QoQ to $206 million.
- **Operational Highlights**: The new 25-kilogram bagging project was successfully launched, receiving positive market feedback.

**【CFO Financial Commentary】**
- **Market Trends**: Full-year GDP growth revised down to 3.9%, with cement dispatches declining 1% QoQ but bulk cement (44% of total) outperforming bagged formats.
- **Segment Performance**: 
  - **Cement**: Revenue down 13.2% YoY due to volume and pricing pressures, but bulk dispatches grew below the industry.
  - **Concrete**: Flat revenue despite 37.8% volume growth, offset by pricing competition.
  - **Aggregates**: 26.3% volume growth, but pricing challenges reduced margin.
  - **Railroad**: 14.9% revenue decline due to disrupted traffic and lower pricing.
- **Cost Management**: Gross profit declined 32.5% YoY, but cost per ton (excluding depreciation) fell 6% due to lower thermal energy costs.
- **Financial Results**: Net loss of ARS 8.5 billion (vs. ARS 27.9 billion gain YoY), driven by higher financial expenses and FX impacts. Net debt-to-EBITDA ratio at 1.49x, with 81% of debt in dollars.

**【Q&A Key Highlights】**
- **Pricing Outlook**: CEO expects price adjustments above inflation in a stable FX environment, with recovery in dollar terms post-election.
- **Dividend Policy**: No dividend distribution this year due to macro uncertainty; potential reassessment in 2026.
- **Q4 Volumes**: October's 7.4% YoY growth driven by post-election investments and FX stability; November volumes remain strong, supporting optimism for Q4 recovery.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: Q2 cement dispatches up 14% YoY, but EBITDA down 31% due to pricing challenges.
- **Margin Recovery**: Expecting H2 margin improvement with pricing above inflation and cost efficiencies.
- **Debt Management**: $112.9M bond issuance extends maturity, maintaining strong balance sheet.
- **2025 Outlook**: Double-digit volume growth expected, despite early-stage recovery and political risks.
- **No Dividends**: Focus on capital structure optimization rather than shareholder returns in 2025.

**【CEO Summary Section】**
- **Economic Recovery and Volume Growth**: Argentina's GDP rose 5.8% YoY in Q1, driving a 14% YoY increase in cement dispatches. Volumes grew 11% in Q2, offsetting pricing challenges.
- **Margin Challenges**: Consolidated EBITDA was $34 million (down 31% in real terms), with margins contracting 691 bps YoY to 21.2% due to competitive pricing and cost pressures.
- **Financial Health**: Net debt stood at $215 million, with a debt-to-EBITDA ratio of 1.34x. A $112.9 million bond issuance extended debt maturity and improved liquidity.
- **2025 Outlook**: Despite early-stage recovery, the company expects double-digit volume growth for the year, focusing on operational efficiency and innovation.

**【CFO Financial Commentary】**
- **Top Line Performance**: Q2 revenue declined 8% YoY, driven by a 9.9% drop in cement segment revenue despite 11.1% volume growth. Pricing pressures and competitive dynamics weighed on margins.
- **Segment Insights**: 
  - **Cement**: Bulk cement volumes surged, but bagged cement pricing softened. Cost efficiencies (10.7% per-ton cost decline) partially offset top-line weakness.
  - **Concrete**: Volumes rose 44%, but margins fell 773 bps YoY due to pricing competition.
  - **Railroad**: Margin expanded 351 bps to 9.8% on volume growth, despite disruptions in Bahía Blanca.
- **Profitability**: Net profit attributable to owners dropped 90% YoY to ARS 0.4 billion, reflecting weaker operational results and financial losses.

**【Q&A Highlights】**
- **Pricing Trends**: Management expects pricing to recover in H2, with year-end increases above inflation. Recent 2 months show improved competitive dynamics.
- **Volume Growth**: Double-digit growth for 2025 is maintained, with Q2 volumes up 13% YoY. July's performance was challenging due to high base effects in 2024.
- **Margins and Costs**: Cost control efforts (e.g., lower energy prices) will support margin recovery, though winter-related costs may temporarily pressure H2.
- **Dividends**: No dividend payout is planned for 2025, with focus on capital structure optimization.
- **Public Works**: Slow recovery in public projects is expected to accelerate in 2026, driven by infrastructure initiatives.


Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) Q2 2025 Earnings Call Transcript

- **Recovery Momentum**: 11% YoY industry growth in Q1, with April volumes up 28% YoY, signaling accelerating construction sector recovery.
- **Profitability Improvement**: 140 bps margin expansion to 26.4%, driven by cost control and higher volumes.
- **Debt Management**: Net debt of $174 million with 0.96x debt-to-EBITDA ratio, under 1x target.
- **Pricing Stability**: Cement pricing expected to remain around $115/ton, reflecting cost pass-through.
- **Growth Catalysts**: Double-digit volume growth outlook, with H2 2025 projects (renewable energy, public works) set to boost demand.

**【CEO Summary Section】**
- Q1 2025 revenue reflects early-stage recovery in the Argentine cement industry, with a 11% year-over-year increase despite adverse weather conditions.
- EBITDA reached $40 million, with a 140 basis point improvement in margin to 26.4%, driven by cost control and higher volumes.
- Net debt of $174 million remains manageable, with a net debt-to-EBITDA ratio of 0.96x, below 1x threshold.
- CEO expresses optimism about 5% GDP growth and construction sector recovery, with April fuel rates up 28% YoY.

**【CFO Financial Commentary】**
- **Cement Segment**: 10.9% revenue decline offset by 8.9% volume growth; pricing softness amid cost inflation.
- **Concrete Segment**: 1.4% revenue decline due to price competition, despite 22.8% volume growth in infrastructure and residential projects.
- **Aggregates Segment**: 14.2% revenue decline despite 29% volume growth, pressured by low-margin fine aggregates and market competition.
- **Railroad Segment**: 1.2% revenue decline from higher grain transport (lower margin) and a storm-related disruption in Bahia Blanca.
- Operating cash flow improved to ARS 1.3 billion, with CAPEX of ARS 11.1 billion for capacity expansion.

**【Q&A Highlights】**
- **Market Share Dynamics**: Temporary fluctuations due to weather, pricing delays, and regional demand variations; company maintains strategic market share range.
- **Pricing Outlook**: Cement pricing expected to stabilize around $115/ton, tied to cost structure and inflation trends.
- **Volume Growth**: Double-digit 2025 expectations, with April volumes up 28% YoY and 14% sequentially; Q2+ recovery momentum.
- **Strategic Initiatives**: Renewed focus on renewable energy projects (e.g., wind turbines) to reduce costs and align with sustainability goals.
- **Construction Sector**: Backlog of public and private projects (e.g., renewable energy, mining) poised to drive demand in H2 2025.

Actual										0.0213	0.0019	0.1359	0.0555	0.0464	-0.1068	0.1151	0.2291	0.2315	0.0316	-0.1296	0.0643	0.0397	0.0152	-0.0718	-0.0401	0.2956			0.0361	0.0316	0.0005	-0.038	0.1039
Forecast										0.0105	0.0704	0.0712	0.1708	0.2237	0.2281	0.2281	0.164	0.1949	0.1152	0.0771	0.1452	0.0881	0.0043	0.0152	0.1685	-0.0684	-0.145	-0.3395	-0.1112	0.1246	0.0273	0.0429	0.1039
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+102.86%	-97.30%	+90.87%	-67.51%	-79.26%	-146.82%	-49.54%	+39.70%	+18.78%	-72.57%	-268.09%	-55.72%	-54.94%	+253.49%	-572.37%	-123.80%	+532.16%	0.00%	0.00%	+132.46%	-74.64%	-98.17%	-188.58%	0.00%

Actual	--	--	--	--	--	--	--	--	--	115.11M	102.10M	135.36M	146.09M	140.14M	146.97M	177.60M	177.57M	165.39M	187.89M	212.08M	183.83M	178.36M	177.90M	210.93M	117.46M	130.11M	--	--	163.64M	139.92M	131.63M	108.04M	153.50M
Forecast	--	--	--	--	--	--	--	--	--	118.64M	109.43M	120.09M	155.36M	139.85M	153.28M	169.06M	180.74M	173.73M	185.37M	198.57M	195.08M	183.90M	209.00M	219.00M	223.92M	124.83M	135.00M	198.00M	166.00M	151.00M	158.90M	135.15M	143.32M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.97%	-6.70%	+12.72%	-5.97%	+0.21%	-4.11%	+5.06%	-1.75%	-4.80%	+1.36%	+6.80%	-5.77%	-3.01%	-14.88%	-3.68%	-47.54%	+4.23%	0.00%	0.00%	-1.42%	-7.33%	-17.16%	-20.06%	+7.10%

LOMA

LOMA fundamentals

LOMA Q4 2025 Earnings

Earnings Call

You can ask Aime

LOMA

LOMA fundamentals

LOMA Q4 2025 Earnings

Earnings Call

LOMA Earnings Call Summary for Q4/202510:00 AM on Mar 6, 2026

LOMA Earnings Call Summary for Q3/202510:00 AM on Nov 7, 2025

LOMA Earnings Call Summary for Q2/202510:00 AM on Aug 8, 2025

LOMA Earnings Call Summary for Q1/202510:00 AM on May 7, 2025

LOMA Earnings Call Summary for Q4/2024 Apr 1, 2026

You can ask Aime