Loma Negra Reports 2Q26 results
Loma Negra (NYSE: LOMA, BYMA: LOMA) reported 2Q26 results for the quarter ended June 30, 2026. Net sales rose 2.1% YoY to Ps. 238,053 million (US$166 million). Consolidated adjusted EBITDA fell 2.5% YoY to Ps. 48,175 million (US$38 million), with margin down to 20.2%. Net profit increased to Ps. 7,043 million. Net debt was Ps. 273,650 million (US$185 million).
How this was made
The 30-second read
Why it matters
Traders can reassess near-term earnings power using the disclosed mix of (1) volume softness, (2) margin compression, (3) cost inflation drivers (depreciation, packaging, maintenance, freight, seasonal kiln shutdown planning), and (4) leverage improvement (net debt/EBITDA down to 1.30x).
Market read
The print combines a sharp net profit rebound with weaker EBITDA margin and lagging volumes, creating a mixed setup for valuation and near-term positioning.
What to watch
Unit costs rose in cement (unit costs +5.4% YoY vs pricing +3.6%), and SG&A jumped 15.7% YoY, both of which can pressure future EBITDA even if top-line holds.
Background
Loma Negra is Argentina’s leading cement producer and reported 2Q26 financial and operating results for the quarter ended June 30, 2026.
Ticker impact
Loma Negra reported 2Q26 results, including net profit rising to Ps. 7,043 million and Adjusted EBITDA margin falling to 20.2%.
Likely modest, two-sided reaction: upside from net profit surge and higher dollar EBITDA, offset by margin decline and volume softness.
The release provides multiple decision-relevant datapoints (profit, EBITDA, margin, net debt leverage, segment volume trends). However, it is a single-quarter print without explicit forward guidance or consensus context in the excerpt, limiting conviction on magnitude/direction.
Market effects
Cement demand recovery appears gradual, with heavy-rain disruption cited for April and bagged cement lagging retail/self-construction.
Argentina construction and public works demand looks uneven, with concrete and aggregates volumes down while railroad volumes rose.
Limited direct global read-through, but dollar-denominated EBITDA improvement may matter for cross-border investors tracking FX-adjusted cash generation.
Counterpoint
The net profit jump may be driven by lower financial costs rather than operating strength, so equity upside could fade if margins and volumes do not stabilize.
Key entities
- companyLoma Negra
Reported 2Q26 net sales, Adjusted EBITDA, net profit, net debt, and segment volume and cost drivers.
- executiveSergio Faifman
CEO commentary attributed weak April to heavy rains and described gradual demand recovery into 2H26.
