LOMA Loma Negra Compania Industrial Argentina Sociedad Anonima
Price Chart
Executive Summary
Loma Negra reported Q1 2026 results with net revenue up 1.1% YoY to Ps. 218,739 million and net profit surging 44.2% to Ps. 40,627 million, driven by a sharp swing in exchange rate differences to a gain of Ps. 11,955 million versus a loss of Ps. 11,409 million a year ago. However, gross profit was essentially flat (down 0.3%) and gross margin contracted 30bps to 26.1%, while the cement segment's revenue growth was inflated by hyperinflation accounting. The indirect controlling shareholder's judicial reorganization was completed, introducing new shareholders and a potential sale process for Loma Negra shares, adding ownership uncertainty.
Actionable Insight
The Q1 beat is largely non-operational (FX swing), and the underlying business shows flat gross profit and margin compression. The controlling shareholder's reorganization introduces a potential overhang via a marketing process for Loma Negra shares through 2028. Monitor for any update on the Ferrosur Roca concession renewal and the shareholder sale process.
Key Facts
- Q1 2026 net revenue Ps. 218,739 million vs Ps. 216,350 million YoY (+1.1%)
- Q1 2026 net profit Ps. 40,627 million vs Ps. 28,178 million YoY (+44.2%)
- Gross profit Ps. 57,032 million vs Ps. 57,201 million YoY (-0.3%)
- Gross margin 26.1% vs 26.4% YoY (-30bps)
- EPS Ps. 70.27 vs Ps. 48.80 YoY (+44.0%)
- Exchange rate differences swung to a gain of Ps. 11,955 million from a loss of Ps. 11,409 million YoY
- Cement segment external revenue Ps. 179,650 million vs Ps. 134,105 million YoY (+34.0%) in historical pesos before inflation restatement
- Railroad segment (Ferrosur Roca) posted a loss of Ps. 2,028 million vs loss of Ps. 1,624 million YoY
- InterCement Participações judicial reorganization completed on April 6, 2026; Loma Negra may be subject to a marketing process until September 30, 2028 for sale of indirect equity interest
- Annual shareholders meeting on April 23, 2026 approved allocating Ps. 23,585 million to Optional Reserve for Future Dividends
Financial Impact
Net profit increased 44% YoY to Ps. 40,627 million, but this was driven by a non-cash swing in exchange rate gains; gross profit was flat. The cement segment showed strong revenue growth in historical pesos (+34%), but this is before hyperinflation restatement.
Risk Factors
- Ownership uncertainty from InterCement judicial reorganization and potential sale of Loma Negra shares
- Ferrosur Roca concession expiring September 2026 with no long-term renewal in place
- Argentine macroeconomic volatility including inflation and FX controls
- Gross margin compression despite revenue growth
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001711375-26-000038 |
| Document: consolidatedcondensedinter.htm | 0001711375-26-000038 |
| Document: 0001711375-26-000038-index-headers.html | 0001711375-26-000038 |
| Document: 0001711375-26-000038-index.html | 0001711375-26-000038 |
| Document: 0001711375-26-000038.txt | 0001711375-26-000038 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 8, 2026
4w ago
|
6-K
| $11.02 $11.14 | ▲ +1.09% | ▲ +1.07% | $10.99 (−0.27%) |
|
May 5, 2026
5w ago
|
6-K
| $11.70 $11.30 | ▼ −3.42% | ▼ −6.20% | $10.99 (−6.07%) |
|
May 4, 2026
5w ago
|
6-K
| $11.29 $11.53 | ▲ +2.13% | ▼ −2.83% | $10.99 (−2.66%) |
|
Apr 28, 2026
6w ago
|
20-F
| $10.86 $11.73 | ▼ −8.01% | ▼ −1.96% | $10.99 (−1.20%) |
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Apr 24, 2026
6w ago
|
6-K
| $11.12 $11.29 | ▲ +1.53% | ▼ −2.50% | $10.99 (−1.17%) |
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Apr 6, 2026
9w ago
|
6-K
| $11.46 $10.47 | ▼ −8.64% | ▼ −17.62% | $10.99 (−4.10%) |
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Apr 1, 2026
10w ago
|
6-K
| $11.09 $10.86 | ▼ −2.07% | ▼ −11.80% | $10.99 (−0.90%) |
US Market Status
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