Loma Negra (LOMA) Q2 2026 Earnings Call Transcript
Loma Negra (LOMA) reported Q2 2026 results on an earnings call. Consolidated net revenue rose 2.1% YoY to Ps. 238.1B, while cement sales volume fell 1.4% and adjusted EBITDA fell 2.5% to Ps. 48.2B. Net profit was Ps. 7.5B versus Ps. 0.5B a year earlier. Management cited heavy rains in April and margin pressure from higher costs.
How this was made
The 30-second read
Why it matters
Key takeaways are modest revenue growth driven by pricing, but EBITDA and margins declined due to higher costs and depreciation. Management attributes weakness to heavy rains in April and highlights ongoing volatility, especially in bagged cement demand, while pointing to kiln restarts and project momentum under Argentina’s RIGI regime.
Market read
This is a quantified earnings update with management commentary on demand timing, margin pressure, and upcoming operational steps (kiln restarts in September).
What to watch
Railroad adjusted EBITDA margin is negative (-5.2%) despite revenue growth, and bagged cement remains under pressure, which could cap any near-term multiple expansion.
Background
The piece is a Q2 2026 earnings call transcript for Loma Negra, covering segment volumes, margins, cash flow, debt, and operational initiatives like the 25-kilogram bagging transition.
Ticker impact
Loma Negra reported Q2 2026 results, including Ps. 238.1B revenue (+2.1% YoY) and Ps. 7.5B net profit, plus margin compression and volume impacts from April rains.
Likely choppy reaction, with upside bias if traders focus on pricing and net profit rebound, but downside risk if they anchor on EBITDA margin contraction and bagged-cement demand pressure.
The article provides multiple quantified KPIs (revenue, EBITDA, margin, net profit, net debt) and management commentary on continued volatility and bagged-cement pressure, which typically drives earnings-call repricing.
Market effects
Argentina construction and cement demand signals are mixed: pricing held up, but concrete and aggregates volumes fell amid public-works and retail delays.
Railroad segment strength tied to transported volumes and storm repairs suggests localized recovery in logistics capacity.
Limited direct global read-through, but FX-denominated debt and energy-contract commentary can matter for regional risk sentiment.
Counterpoint
Traders may overemphasize April weather as a one-off; management indicated volumes normalized in May and June and expects kiln restarts in September under better energy contracts.
Key entities
- CompanyLoma Negra Compañía Industrial Argentina Sociedad Anónima
Reported Q2 2026 revenue, EBITDA, net profit, segment volume changes, and guidance commentary on demand volatility and operational transitions.
- ExecutiveSergio Damian Faifman
CEO and Vice Chairman, cited weak April rains and non-linear recovery expectations.
- ExecutiveMarcos Isabelino Gradin
CFO, discussed bagged cement demand pressure and ISAAC construction activity weakness tied to rains.
