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Loma Negra Compania Industrial Argentina Sociedad Anonima LOMA

Cement, Hydraulic · SIC 3241 · Vertical: Cement, Hydraulic (SIC 3241)

8.91USD+0.11% · 1 dayClose 04 Nov 2026

Loma Negra is Argentina's largest vertically integrated cement and concrete producer, with a major share of volume sold and nationwide installed capacity. The company operates in a period when the Argentine economy is recovering from a contraction, but energy costs, inflation and currency volatility remain factors that weigh on results if they persist.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) stock was 8.91 USD (+0.11% on the day), with beta 1.26, 52-week range 8.90–13.12 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
unavailable
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM 3.31 · TTM to 31 Dec 2022
E/P (TTM)
unavailable
TTM to 31 Dec 2022
Dividend yield
unavailable
Beta (2y)
1.26
Volatility (1y) 43%
52-week range
8.9013.12

Price history

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Technical reading

RSI (14)
35.9
weak (30–45)
Bollinger (20, 2)
8.78 – 10.39
in the lower half of the band · %B 0.08 · band width 16.8%
SMA 50 / 200
9.63 / 10.74
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.20 / -0.12
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−8.8%−1.1%−7.7 pp—
3 months−20.2%−0.5%−19.8 pp—
6 months−23.8%+4.4%−28.2 pp—
Year to date−31.2%+12.3%−43.5 pp—
1 year−15.3%+13.5%−28.8 pp−11.4%
3 years+46.5%+76.4%−29.9 pp+57.8%
5 years+25.8%+63.7%−37.8 pp—
Max drawdown (1y)
−32.2%
05 Jan 2026 → 03 Nov 2026
Max drawdown (5y)
−48.3%
23 May 2025 → 18 Sept 2025
Compound annual growth (5y)
+4.7%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

the price (USD) and the reports are in different currencies

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20172018201920202021202220232024
Revenue38.2 bn51.2 bn72.1 bn122.4 bn446.9 bn984.2 bn919.3 bn699.2 bn
Revenue YoY+97.6%+34.1%+40.7%+69.8%+265.1%+120.2%−6.6%−23.9%
Net income5.4 bn3.8 bn7.9 bn33.4 bn39.9 bn13.1 bn22.4 bn153.8 bn
Net income YoY+324.8%−30.2%+109.3%+323.0%+19.7%−67.1%+70.7%+585.4%
Diluted EPSunavailableunavailableunavailable56.0021.673.31unavailableunavailable
Diluted EPS YoYunavailableunavailableunavailableunavailable−61.3%−84.7%unavailableunavailable
net %14.1%7.4%10.9%27.3%8.9%1.3%2.4%22.0%
Free cash flow4.4 bn1.6 bn-7.7 bn7.6 bn48.3 bn143.5 bn106.7 bn51.7 bn

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2024 · 31 Dec 2024

Cash
8.6 bn ARS
Financial debt
170.9 bn ARS
Net debt
162.3 bn ARS
Equity
793.1 bn ARS
Total assets
1,408.3 bn ARS
Debt / equity
0.22x
Current ratio
1.02x
ROE
21.5%
ROA
11.0%
FCF margin
7.4%

Financial statements (source on every figure)

Revenue and net income (ARS)

Margins

Income statement · ARS

Revenue
2022
984.2 bn
2023
919.3 bn
2024
699.2 bn

SEC (XBRL)· 29 Apr 2025verified

Cost of revenue
2022
718.4 bn
2023
688.7 bn
2024
512.2 bn

SEC (XBRL)· 29 Apr 2025verified

Gross profit
2022
265.8 bn
2023
230.6 bn
2024
187.0 bn

SEC (XBRL)· 29 Apr 2025verified

Operating income
2022
—
2023
—
2024
—

SEC (XBRL)· 29 Apr 2022verified

Depreciation & amortisation
2022
90.0 bn
2023
70.1 bn
2024
62.6 bn

SEC (XBRL)· 29 Apr 2025verified

EBITDA
2022
—
2023
—
2024
—

SEC (XBRL)· 29 Apr 2022derived

Interest expense
2022
173.4 bn
2023
159.7 bn
2024
82.5 bn

SEC (XBRL)· 29 Apr 2025verified

Pre-tax income
2022
74.6 bn
2023
37.9 bn
2024
249.6 bn

SEC (XBRL)· 29 Apr 2025verified

Income tax
2022
62.4 bn
2023
16.8 bn
2024
95.9 bn

SEC (XBRL)· 29 Apr 2025verified

Net income
2022
13.1 bn
2023
22.4 bn
2024
153.8 bn

SEC (XBRL)· 29 Apr 2025verified

Diluted EPS
2022
3.31
2023
—
2024
—

SEC (XBRL)· 27 Apr 2023verified

Weighted average diluted shares
2022
585.3 m
2023
583.5 m
2024
583.5 m

SEC (XBRL)· 29 Apr 2025verified

Balance sheet · ARS

Cash
2022
33.3 bn
2023
14.7 bn
2024
8.6 bn

SEC (XBRL)· 29 Apr 2025verified

Inventories
2022
63.5 bn
2023
166.6 bn
2024
201.8 bn

SEC (XBRL)· 29 Apr 2025verified

Current assets
2022
125.5 bn
2023
278.1 bn
2024
273.4 bn

SEC (XBRL)· 29 Apr 2025verified

Property, plant & equipment, net
2022
477.9 bn
2023
1,049.9 bn
2024
1,054.2 bn

SEC (XBRL)· 29 Apr 2025verified

Goodwill
2022
317.9 m
2023
692.2 m
2024
692.2 m

SEC (XBRL)· 29 Apr 2025verified

Intangibles (excl. goodwill)
2022
1.5 bn
2023
3.5 bn
2024
2.9 bn

SEC (XBRL)· 29 Apr 2025verified

Total assets
2022
631.8 bn
2023
1,391.2 bn
2024
1,408.3 bn

SEC (XBRL)· 29 Apr 2025verified

Accounts payable
2022
55.1 bn
2023
124.7 bn
2024
93.6 bn

SEC (XBRL)· 29 Apr 2025verified

Short-term debt
2022
33.9 bn
2023
81.1 bn
2024
100.7 bn

SEC (XBRL)· 29 Apr 2025verified

Long-term debt
2022
30.8 bn
2023
239.9 bn
2024
70.2 bn

SEC (XBRL)· 29 Apr 2025verified

Current liabilities
2022
130.0 bn
2023
255.6 bn
2024
267.8 bn

SEC (XBRL)· 29 Apr 2025verified

Total liabilities
2022
270.8 bn
2023
750.5 bn
2024
615.2 bn

SEC (XBRL)· 29 Apr 2025verified

Equity
2022
786.3 bn
2023
640.7 bn
2024
793.1 bn

SEC (XBRL)· 29 Apr 2025verified

Shares outstanding at year end
2022
583.7 m
2023
583.5 m
2024
583.5 m

SEC (XBRL)· 29 Apr 2025verified

Cash flow · ARS

Operating cash flow
2022
212.7 bn
2023
185.2 bn
2024
124.7 bn

SEC (XBRL)· 29 Apr 2025verified

Capex
2022
69.2 bn
2023
78.5 bn
2024
73.0 bn

SEC (XBRL)· 29 Apr 2025verified

Free cash flow
2022
143.5 bn ≈
2023
106.7 bn ≈
2024
51.7 bn ≈

SEC (XBRL)· 29 Apr 2025derived

Investing cash flow
2022
-32.0 bn
2023
-78.0 bn
2024
-72.9 bn

SEC (XBRL)· 29 Apr 2025verified

Financing cash flow
2022
-168.1 bn
2023
-89.5 bn
2024
-48.3 bn

SEC (XBRL)· 29 Apr 2025verified

Computed indicators

Growth

Revenue growth (YoY)
-23.9%
computed by olivLawFY 2024
Revenue CAGR 3Y
16.1%
computed by olivLawFY 2021 → FY 2024
Revenue CAGR 5Y
57.5%
computed by olivLawFY 2019 → FY 2024
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
585.4%
computed by olivLawFY 2024
Net income CAGR 3Y
56.7%
computed by olivLawFY 2021 → FY 2024
Net income CAGR 5Y
81.1%
computed by olivLawFY 2019 → FY 2024
EPS growth (YoY)
unavailable
input data missing
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
-51.6%
computed by olivLawFY 2024

Profitability

Gross margin
26.7%
computed by olivLawFY 2024
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
22.0%
computed by olivLawFY 2024
FCF margin
7.4%
computed by olivLawFY 2024

Returns

ROE
21.5%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROA
11.0%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROIC
unavailable
input data missing
ROCE
unavailable
input data missing
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
162.3 bn ARS
computed by olivLawbalance sheet at 31 Dec 2024
Net debt / EBITDA
unavailable
input data missing
Debt / equity
0.2x
computed by olivLawbalance sheet at 31 Dec 2024
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
1.0x
computed by olivLawbalance sheet at 31 Dec 2024
Quick ratio
0.3x
computed by olivLawbalance sheet at 31 Dec 2024
Cash ratio
0.0x
computed by olivLawbalance sheet at 31 Dec 2024

Cash

Operating cash flow
124.7 bn ARS
computed by olivLawFY 2024
Capital expenditure
73.0 bn ARS
computed by olivLawFY 2024
Free cash flow
51.7 bn ARS
computed by olivLawFY 2024
FCF conversion
33.6%
computed by olivLawFY 2024
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
131 days
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Days payables outstanding
78 days
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 4 of at least 6
  • score weight coverage: 25.0% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

8.91 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Price and reporting are in different currencies; market indicators are unavailable.

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
21.5%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Net margin
22.0%
computed by olivLawFY 2024
Revenue growth (YoY)
-23.9%
computed by olivLawFY 2024
Dividend yield
unavailable
input data missing

Coverage and freshness

31/37 reporting lines present
Latest full fiscal year: 2024
Latest reported period: 31 Dec 2024
Latest balance sheet date: 31 Dec 2024
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: SEC (XBRL)published 28 Apr 2026
verified 285derived 1

The data is older than the freshness threshold.

Score by group

25% · Insufficient data

Estimated value range

unavailable — no valuation assumptions for the reporting currency

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

    Multiple comparisons use the SIC vertical: Cement, Hydraulic (SIC 3241)

    Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

    Assumptions (illustrative, editorial)

    Risk-free rate
    6.5%
    Equity risk premium
    6.0%
    Beta (default)
    1.00
    Cost of equity
    12.5%
    Terminal growth
    3.0%

    Factor scorecard

    Insufficient data

    Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%

    FactorValueScoreWeight used
    ROIC · Qualityunavailableunavailable—
    Net margin · Quality22.0%100 (vs peers)25%
    FCF conversion · Quality33.6%5 (on a fixed band)25%
    Revenue CAGR 3Y · Growth16.1%100 (on a fixed band)33%
    EPS CAGR 3Y · Growthunavailableunavailable—
    Net debt / EBITDA · Balance sheetunavailableunavailable—
    Interest coverage · Balance sheetunavailableunavailable—
    Current ratio · Balance sheet1.0x18 (on a fixed band)17%
    P/E (TTM) · Valuationunavailableunavailable—
    EV/EBITDA · Valuationunavailableunavailable—
    FCF yield · Valuationunavailableunavailable—
    Shareholder yield (distributions) · Returnsunavailableunavailable—
    Payout ratio (FCF) · Returnsunavailableunavailable—

    Factors without a value were dropped; the remaining weights were renormalised.

    Score groups

    • Balance sheet· partial18/100 · 1/3 factors with a value
    • Growth· partial100/100 · 1/2 factors with a value
    • Quality53/100 · 2/3 factors with a value
    • Returns· partialunavailable · 0/2 factors with a value
    • Valuation· partialunavailable · 0/3 factors with a value

    A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

    Memo

    LOMA NEGRA COMPANIA INDUSTRIALARGENTINA SOCIEDAD ANONIMA (LOMA). Latest full fiscal year: 2024; data up to 2024-12-31.

    Figures computed from the financial statements: revenue 699.2 bn ARS in 2024; YoY growth -23.9%; net margin 22.0%; ROE 21.5%.

    The estimated value range is 2,316.95–2,518.68 ARS per share (median of 2 methods, agreement: low); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.

    Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%).

    Text generated deterministically from the figures shown; no language model. Not investment advice.

    What supports the thesis

    • Net margin: 22.0%
    • Revenue CAGR 3Y: 16.1%

    What contradicts it

    • FCF conversion: 33.6%
    • Current ratio: 1.0x
    • The valuation methods diverge

    Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

    Versus the vertical median

    Cement, Hydraulic (SIC 3241) · same industry (4-digit SIC) · compared with 5 companies

    Multiples and returns vs the median

    P/E
    —
    vertical median 19.0x
    EV/EBITDA
    —
    vertical median 10.5x
    P/S
    —
    vertical median 2.2x
    P/B
    —
    vertical median 3.3x
    ROE
    21.5%
    vertical median 14.8%
    above median (+44.7%)
    Net margin
    22.0%
    vertical median 10.1%
    above median (+118.8%)
    EBIT margin
    —
    vertical median 14.6%
    Revenue YoY
    -23.9%
    vertical median 1.4%
    below median (−1,767.9%)
    Net debt/EBITDA
    —
    vertical median 1.8x
    Dividend yield
    —
    vertical median 0.5%

    Price rebased to 100 (monthly, 5 years)

    Companies in the vertical

    Market capP/EROENet marginRevenue YoY1A / 3A
    CXCemex Sab De Cv158.6 bn513.17.8%5.8%−2.1%+1% / +58%
    CRHCRH public limited company65.7 bn18.614.8%9.2%+5.3%−18% / +57%
    AMRZAmrize Ltd23.5 bn19.59.8%10.2%+0.9%−14% / unavailable
    EXPEagle Materials Inc.6.0 bn16.424.5%16.1%+2.1%−11% / +9%
    CPACHolcim Ltd——16.6%10.1%+1.4%+90% / +170%
    LOMALoma Negra Compania Industrialargentina Sociedad Anonima——21.5%22.0%−23.9%−15% / +47%

    1- and 3-year price returns: for LOMA from daily closes (the same as the performance table), for the other companies from month-end closes.

    olivLaw engine forecast

    The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

    The engine has no published run for this company yet.

    Valuation scenarios (editable assumptions)

    Illustrative scenarios

    Scenarios are not available. input data missing

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 28 Apr 2026; since then the company filed 6-K (04 Nov 2026), 6-K (27 Oct 2026), 6-K (20 Oct 2026), 6-K (21 Sept 2026), 6-K (12 Aug 2026), 6-K (06 Aug 2026).

    In brief

    Loma Negra is Argentina's largest vertically integrated cement and concrete producer, with a major share of volume sold and nationwide installed capacity. The company operates in a period when the Argentine economy is recovering from a contraction, but energy costs, inflation and currency volatility remain factors that weigh on results if they persist.1

    SWOT

    Strengths

    • The company holds a leading position in Argentine cement and is the only nationwide vertically integrated player, with long-term limestone reserves.
    • The Loma Negra brand is well known, and captive distribution channels support sales across the country.
    • Modern plants and recent investments in technology and the 25-kilogram bag format strengthen operational efficiency.

    Weaknesses

    • The company depends on construction demand, which is sensitive to Argentina's economic cycles.
    • A significant share of debt is in dollars, which exposes results to depreciation of the local currency.
    • Energy and maintenance costs are high, and margins can be squeezed when prices cannot be fully passed on to customers.

    Opportunities

    • Economic recovery and infrastructure investment could raise cement and concrete demand if they are sustained.
    • Greater co-processing of waste and use of renewable energy could reduce costs and environmental pressure.
    • Demand for specialty products in large construction projects could support the concrete segment.

    Threats

    • Macroeconomic instability, persistent inflation and exchange controls can directly affect demand and results.
    • Changes in energy policy or higher gas and electricity prices could reduce margins.
    • Competitive pressure from other producers and regulatory changes could limit the ability to raise prices.

    Risks

    • Exposure to the Argentine economyhigh

      Most operations and customers are in Argentina, so economic, political or social instability can affect results.1

    • Foreign-currency debt and depreciationhigh

      A significant portion of debt is in US dollars, and further depreciation of the peso could increase the financial burden.1

    • Energy costsmedium

      Prices of gas, solid fuels and electricity could rise, and the company might not be able to pass the full cost on to customers.1

    • Dependence on the construction cyclemedium

      A slowdown in construction could reduce cement and concrete demand, especially if public investment declines.1

    • Regulation and environmentlow

      Changes in rules on energy, the environment or bag format could create additional costs.1

    Investment thesis

    What would need to be true (bull case)

    • If the economic recovery continues, cement and concrete demand could rise, and the company's leading position could support volumes and margins.
    • Vertical integration and long-term limestone reserves give a cost advantage that could prove durable.
    • Investments in efficiency and co-processing could reduce energy costs if prices stabilize.

    What would break the thesis

    • If inflation and currency depreciation continue, dollar-denominated debt could become harder to service.
    • If the economic recovery stalls, construction demand could fall quickly and compress results.
    • Net profit fell sharply in 2025 compared with the prior year, showing how sensitive margins are to macroeconomic conditions.

    What to watch

    • Trends in cement demand and shipment volumesQ1 2027
    • Inflation levels and the peso-dollar exchange rate2027
    • Costs of gas, electricity and solid fuels2027
    • Updates on foreign-currency debt and investment plans in the next annual reportnext 10-K

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 28 Apr 2026; since then the company filed 6-K (04 Nov 2026), 6-K (27 Oct 2026), 6-K (20 Oct 2026), 6-K (21 Sept 2026), 6-K (12 Aug 2026), 6-K (06 Aug 2026).

    The business

    Loma Negra produces and distributes cement, masonry cement, aggregates, concrete and lime, products used mainly in private and public construction. It works with wholesale distributors, concrete producers and industrial customers, and describes itself as Argentina's sole nationwide vertically integrated cement and concrete business.1 It held a 43.6% share of sales volume in Argentina as of 31 December 2025, according to management estimates.1 Revenue in fiscal 2025 was Ps. 848,087 million and net profit was Ps. 22,821 million, compared with Ps. 202,094 million of net profit in 2024.1

    The business rests on large limestone reserves and strategically located plants, including the L'Amalí complex in Olavarría, where a second line was inaugurated in December 2021. The company estimates its quarries have sufficient reserves for approximately 149 years, based on production levels over the last five years.1 Installed cement capacity was 12.0 million tons and clinker capacity 7.3 million tons as of 31 December 2025.1

    Products include compound cement, cement with calcareous filler, pozzolana cement and other specialty cements, plus masonry cement under the Plasticor brand, lime and concrete under the Lomax brand. Cement accounted for 89% of shipments in 2025.1 Bagged cement is a significant part of sales, and the company invested about US$ 70 million to adapt production to the 25-kilogram bag format, modernizing seven industrial plants.1

    Segments

    Cement

    Cement is the main segment, with 89% of shipments in 2025 and a range of 7 bagged and 16 bulk cement types.1 The company describes its Loma Negra brand as the best-known cement brand in the country.1

    Concrete and aggregates

    Concrete and aggregates are sold under the Lomax brand, which focuses on segments where it can assert differentiated strengths such as quality and customized solutions. Aggregates largely come from the La Preferida plant in Olavarría, which supplied a substantial part of the aggregates Lomax consumed in 2025.1

    Masonry cement and lime

    Masonry cement under the Plasticor brand and hydraulic and industrial lime complete the range. The company considers itself the leader in masonry cement, followed by Hidralit from Cementos Avellaneda.1

    Market context

    Cement demand in Argentina is strongly tied to GDP growth, since an economic slowdown can reduce construction activity and therefore cement demand and production. Argentina's economy grew 4.4% in 2025, after declines of 1.3% in 2024 and 1.9% in 2023, and CPI inflation was 31.5% in 2025.1 The masonry cement market is estimated at roughly 600 thousand tons per year.1

    The most important geographic area is the Buenos Aires region, the country's largest cement consumption market, and the company's plants are linked by rail to serve it.1 The company noted that during 2025 the economy began to stabilize as inflation decelerated, though it remained elevated by historical standards.1

    Trends

    • Economic recovery in 2025tailwind

      GDP growth of 4.4% in 2025, after two years of decline, could support construction demand if the recovery continues. The company notes that the IMF projects annual growth of 4% for 2026 and 2027, though such projections remain uncertain.1

    • Inflation and currency volatilityheadwind

      Inflation stayed high and the peso depreciated 41.3% against the US dollar in 2025. Foreign-currency borrowings of Ps. 253,981 million could raise the financial burden if the currency keeps weakening.1

    • Energy and fuel costsmixed

      Thermal and electrical energy are significant parts of production costs, and gas and electricity prices influence margins. The company diversifies fuel sources and uses co-processing of waste, which reached 4.6% of thermal energy consumption in 2025, to reduce reliance on fossil fuels.1

    • Shift to 25-kilogram bagsmixed

      The investment in the 25-kilogram format, replacing the traditional 50-kilogram bags, could change the structure of bagged sales. The company considers this a step toward safer conditions for construction workers.1

    Competitive position

    Loma Negra is the only company in Argentina with a nationwide, vertically integrated presence in cement and concrete, which gives it logistics and distribution advantages.1 In masonry cement, the company is compared with Cementos Avellaneda, which sells Hidralit.1

    Competition runs on quality, price, energy costs and access to distribution. The company has factored fuel sourcing and costs into its effort to remain competitive in a difficult market.1

    • Cementos Avellaneda S.A.

      Producer of Hidralit, the company's main rival in masonry cement in Argentina, according to the company's filing.

    • Local concrete and aggregate producers

      Competitors in concrete and aggregates, where Lomax focuses its operations on niches with differentiated advantages.

    • Other Argentine cement producers

      Competitors in the national cement market, where the company holds a significant share by volume.

    • Energy and fuel suppliers

      Not direct competitors, but their pricing terms influence the company's costs and competitive position.

    News & filings

    In the press

    The latest news item in our archive is from 14 Sept 2026; the newest SEC filing is from 04 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

    Sources

    1. [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Loma Negra Compania Industrial Argentina Sociedad Anonima · 28 Apr 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.