LOMA · Loma Negra Compañía Industrial Argentina Sociedad Anónima

Loma Negra reported first quarter 2026 results with net revenue of Ps. 218,739 million, up 1.1% year-over-year, driven by a 0.8% increase in the Cement segment and growth in Railroad revenues, partially offset by declines in Concrete and Aggregates. Consolidated Adjusted EBITDA rose 5.1% to Ps. 54,566 million, with margin expanding 94 basis points to 24.9%, reflecting improved operational performance and cost containment. Net profit surged 44.2% to Ps. 40,627 million, primarily due to higher financial gains from the appreciation of the Argentine peso on U.S. dollar-denominated liabilities. Cement volumes grew 1.8% YoY to 1.17 million tons, with bulk cement dispatches positive while bagged cement continued to decline, though the gap narrowed in March. Concrete volumes increased 14.1% YoY, supported by private logistics and residential projects in Buenos Aires and public works in Rosario. Aggregates volumes fell 18.3% due to lower demand from concrete producers and construction companies. The Railroad segment saw volumes rise 14.8% YoY. Management highlighted that actions taken are beginning to reflect in results, and expressed optimism for a sustained recovery in demand. The company also issued a US$60 million Class 6 corporate bond in January 2026, extending debt maturity. Net debt to LTM Adjusted EBITDA improved to 1.33x from 1.47x at year-end 2025.