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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 electoral 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 ARS 8.5 billion (Ps. 8,468 million), compared to a net gain of ARS 27.9 billion in the prior year quarter, mainly due to lower financial results and FX impacts.
Political and macroeconomic instability led to a deceleration in sector activity, but October volumes showed a 7.4% year-over-year rebound.
Financial highlights
Gross profit dropped 32.5% year-over-year to Ps. 36,261 million, with gross margin down 524 basis points to 17.3%.
Adjusted EBITDA margin contracted to 20.8%, down 315 bps year-over-year.
Net financial loss was ARS 28.7 billion, compared to a gain of ARS 16.6 billion a year ago; net financial expenses rose 7.5% to ARS 17 billion.
Cash flow from operating activities was ARS 32 billion (Ps. 31,937 million), down from ARS 84 billion (Ps. 83,758 million) in the prior year quarter.
SG&A expenses decreased 11.7%, standing at 9.1% of sales, flat year-over-year.
Outlook and guidance
October volumes showed renewed strength with a 7.4% year-over-year increase, and year-to-date volumes are also up 7.4%.
Management expects price increases above inflation in the coming periods, with potential recovery in dollar terms if FX stabilizes.
Optimism for industry recovery as post-election stability is expected to unlock investment projects and boost activity.
Dividend payments are not expected for the remainder of the year, but may be reconsidered in 2026 depending on macro conditions.
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