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Loma Negra (LOMA) investor relations material
Loma Negra Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales revenue for 3Q25 was Ps. 209,272 million (US$154 million), down 12.1% year-over-year, mainly due to a 13.2% decline in the Cement segment's top line and a 5% drop in shipping volumes amid economic and political uncertainty.
Adjusted EBITDA fell 23.7% year-over-year to Ps. 43,536 million, with margin contracting to 20.8% from 24.0% in 3Q24.
Net loss attributable to owners was Ps. 8,587 million, compared to a net gain of Ps. 27,871 million in 3Q24, driven by higher net financial losses and lower operating results.
Political and macroeconomic instability led to a deceleration in sector activity, but October volumes showed a 7.4% year-over-year rebound.
Margins remained under pressure, with consolidated gross profit down 32.5% and gross margin contracting by 524 bps to 17.3%.
Financial highlights
Net revenues fell 12.1% year-over-year to Ps. 209,272 million in 3Q25.
Adjusted EBITDA margin contracted to 20.8%, down 315 bps year-over-year.
Net financial loss was ARS 28.7 billion, mainly due to FX devaluation and lower inflationary effects.
SG&A expenses decreased 11.7%, standing at 9.1% of sales.
Cash flow from operations was ARS 32 billion (Ps. 31,937 million), down from ARS 84 billion (Ps. 83,758 million) year-over-year, due to higher working capital needs and lower operational results.
Outlook and guidance
October volumes showed a 7.4% year-over-year increase, and management is optimistic about continued recovery as macroeconomic stability improves post-election.
Price increases above inflation are expected in the coming months, with a recovery in dollar terms anticipated as FX stabilizes.
Dividend payments are not expected for the remainder of the year but may resume next year if conditions improve.
The recent electoral outcome and government economic plan could provide stability and unlock postponed investments.
Optimism remains for a more prosperous Argentina as the company focuses on optimizing results.
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