Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) Company Report

Loma Negra reported net revenues of Ps. 209.3 billion (US$ 154 million) in Q3 2025, marking a 12.1% decrease year-over-year.
Adjusted EBITDA for Q3 2025 stood at Ps. 43.5 billion (US$ 36 million), a 23.7% decline year-over-year, with the consolidated Adjusted EBITDA margin contracting to 20.8%.
The company recorded a net loss of Ps. 8.6 billion in Q3 2025.
Sales volumes for the cement, masonry & lime segment decreased by 5.4% year-over-year in Q3 2025 to 1.37 million tons, as volume recovery lost momentum.
The balance sheet remains solid with net debt of US$ 206 million and a Net Debt/LTM Adjusted EBITDA ratio of 1.49x in Q3 2025, supported by a US$112.9 million Class 5 bond issuance in July.

Nov 7, 2025, 5:28 PM

LOMA Reports Q3 2025 Net Loss Amid Revenue and EBITDA Declines

LOMA

Earnings

Demand Weakening

Debt Issuance

LOMA reported a net loss of Ps. 8.6 billion for Q3 2025, with net revenues decreasing 12.1% year-over-year to Ps. 209.3 billion.
Adjusted EBITDA for the quarter was Ps. 43.5 billion, a 23.7% decline year-over-year, resulting in an Adjusted EBITDA margin of 20.8%, which is 315 basis points lower than the previous year.
The company's cement business experienced a 5% year-over-year volume decline, as overall volume recovery lost momentum due to the election period.
LOMA maintained a solid balance sheet with Net Debt of US$ 206 million and successfully completed a US$112.9 million Class 5 bond issuance in July to refinance short-term debt.

Nov 7, 2025, 3:00 PM

Loma Negra Reports Q3 2025 Financial Results with Reduced EBITDA and Net Loss

LOMA

Earnings

Demand Weakening

Debt Issuance

Loma Negra reported a 23.7% year-over-year reduction in consolidated adjusted EBITDA, reaching $36 million in Q3 2025, with the consolidated adjusted EBITDA margin contracting to 20.8%.
Top-line revenue declined 12.5%, primarily driven by a 13.2% decrease in the cement and lime segment due to a 5.4% contraction in volumes and softer pricing.
The company recorded a net loss attributable to the owner of ARS 8.5 billion for the quarter, compared to a net gain in the prior year, influenced by a lower financial result and higher FX exposure.
Net debt stood at $206 million (ARS 281 billion), resulting in a net debt-to-EBITDA ratio of 1.49 times, and the company completed a $113 million Class 5 bond issuance.
Management is optimistic about industry recovery and volume growth in Q4 2025, citing renewed confidence post-election, but does not anticipate paying dividends for the remainder of the year, with a reassessment planned for next year.

Nov 7, 2025, 3:00 PM

Loma Negra Reports Q3 2025 Results with Revenue and EBITDA Declines, Net Loss

LOMA

Earnings

Debt Issuance

Demand Weakening

Loma Negra reported a 12.1% year-over-year decrease in net sales revenues to Ps. 209,272 million (US$ 154 million) for Q3 2025.
Consolidated Adjusted EBITDA declined by 23.7% in pesos to Ps. 43,536 million (US$ 36 million), with the Adjusted EBITDA margin contracting to 20.8% from 24.0% in Q3 2024.
The company posted a net loss of Ps. 8,587 million in Q3 2025, a significant reversal from a net profit of Ps. 27,871 million in Q3 2024, primarily due to higher net financial losses and lower operating results.
Net Debt increased to Ps. 281,519 million (US$206 million), leading to a Net Debt/LTM Adjusted EBITDA ratio of 1.49x compared to 0.89x in FY24, following the issuance of a US$113 million Class 5 Corporate Bond in July 2025.