Loma Negra 1Q26

Rhea-AI Summary

Loma Negra (NYSE:LOMA) reported 1Q26 results: net revenue Ps.218,739m (+1.1% YoY), Adjusted EBITDA Ps.54,566m (+5.1% YoY) and Adjusted EBITDA margin 24.9% (+94 bps). Net profit Ps.40,627m (+44.2%). Net debt was Ps.259,407m, with a Net Debt/LTM Adjusted EBITDA of 1.33x. Cement volumes rose 1.8% to 1.17 Mt; concrete and railroad volumes grew, while aggregates fell 18.3%.

Results reflect margin recovery, FX effects on financial gains, and mixed segment performance as demand slowly improves.

Positive

• Adjusted EBITDA +5.1% YoY to Ps.54,566m
• Adjusted EBITDA margin +94 bps to 24.9%
• Net profit +44.2% YoY to Ps.40,627m
• Cement volumes +1.8% YoY to 1.17 million tons
• Net Debt/LTM Adjusted EBITDA improved to 1.33x

Negative

• Net Debt increased 4.8% YoY to Ps.259,407m
• Aggregates volumes -18.3% YoY
• Concrete revenue down 1.9% despite volume growth
• Gross profit margin contracted by 37 bps to 26.1%

Key Figures

Net revenue: Ps. 218,739M (+1.1% YoY) Adjusted EBITDA: Ps. 54,566M (+5.1% YoY) Adjusted EBITDA (USD): US$45M (+11.5% YoY) +5 more

8 metrics

Net revenue Ps. 218,739M (+1.1% YoY) Three months ended March 31, 2026 (IAS 29 applied)

Adjusted EBITDA Ps. 54,566M (+5.1% YoY) Three months ended March 31, 2026 (24.9% margin)

Adjusted EBITDA (USD) US$45M (+11.5% YoY) Three months ended March 31, 2026, figures exclude IAS 29

Net profit Ps. 40,627M (+44.2% YoY) Three months ended March 31, 2026

EPS Ps. 70.2744 1Q26 earnings per common share vs Ps. 48.8019 in 1Q25

Net debt Ps. 259,407M As of March 31, 2026; Net Debt/LTM Adjusted EBITDA 1.33x

Cash & investments Ps. 46,401M Cash, cash equivalents and investments as of March 31, 2026

Class 6 bond US$60.0M at 6.5% Corporate bond issued Jan 23, 2026, 36‑month tenure

Market Reality Check

Price: $10.61 Vol: Volume of 277,482 shares ...

normal vol

$10.61 Last Close

Volume Volume of 277,482 shares is about 0.85x the 20-day average of 327,655. normal

Technical Shares at $10.47 trade slightly below the 200-day MA of $10.65 and about 26.11% under the 52-week high.

Peers on Argus

LOMA fell 3.89% with modest volume, while peers CPAC (-0.94%), TTAM (-3.6%), USL...

LOMA fell 3.89% with modest volume, while peers CPAC (-0.94%), TTAM (-3.6%), USLM (-2.2%), KNF (-2.05%) and TGLS (-3.12%) also traded lower, but no peers triggered momentum scanner signals.

Historical Context

3 past events · Latest: Apr 28 (Neutral)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Apr 28	Annual report filing	Neutral	-2.3%	Form 20‑F filing with updated IFRS financials and risk disclosures.
Mar 05	Quarterly earnings	Negative	-0.7%	4Q25 showed revenue, EBITDA and net profit down versus prior year.
Nov 06	Quarterly earnings	Negative	+0.7%	3Q25 revenue and EBITDA fell and company reported a net loss.

Pattern Detected

Recent fundamental and filing news has often coincided with modest negative or mixed price reactions, even when results improve sequentially.

Recent Company History

Over the past few quarters, Loma Negra has reported volatile fundamentals. 3Q25 saw double‑digit revenue and EBITDA declines and a net loss, with the stock up slightly. 4Q25 results on Mar 5, 2026 showed lower revenue and sharply lower EBITDA and profit, and shares slipped modestly. The 2025 Form 20‑F filing on Apr 28, 2026 brought a small pullback. Today’s 1Q26 release, with revenue, EBITDA and net profit growth, follows this mixed pattern of fundamental recovery against cautious trading.

Market Pulse Summary

This announcement highlights a gradual operational recovery, with 1Q26 net revenue at Ps. 218,739M, ...

Analysis

This announcement highlights a gradual operational recovery, with 1Q26 net revenue at Ps. 218,739M, Adjusted EBITDA up to Ps. 54,566M and margin at 24.9%, and net profit rising to Ps. 40,627M. Volumes in core cement and related products showed modest growth, while leverage stood at 1.33x Net Debt/LTM Adjusted EBITDA. Investors may track future quarters for consistency in margin expansion, cash generation, and debt profile, while considering Argentina‑specific risks discussed in recent regulatory filings.

Key Terms

adjusted EBITDA, EBITDA margin, EPS, IAS 29, +2 more

6 terms

adjusted EBITDA financial

"Consolidated Adjusted EBITDA reached Ps. 54,566 million, increasing by 5.1% YoY"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

EBITDA margin financial

"The Consolidated Adjusted EBITDA margin stood at 24.9%, increasing by 94 basis points"

EBITDA margin is the share of each dollar of sales that a company keeps as operating cash profit before interest, taxes, and accounting for equipment wear and long-term investments. Think of it like the cash a store has left from every sale after paying day-to-day running costs but before paying rent, loan interest or replacing old machinery. Investors use it to compare core profitability and operational efficiency across companies by removing financing and accounting differences.

EPS financial

"EPS | | 70.2744 | | 48.8019 | | 44.0 | %"

Earnings per share (EPS) measures how much profit a company makes for each outstanding share of its stock by dividing the company’s profit after expenses by the number of shares. It matters to investors because it shows how much of the company’s “pie” each share represents—higher EPS usually signals greater profitability per share, helps compare companies of different sizes, and influences stock valuations and investor decisions.

IAS 29 regulatory

"figures in U.S. dollars and Pesos without giving effect to IAS 29. The Company has prepared"

IAS 29 is an accounting rule that tells companies how to adjust their financial statements when they operate in economies with very high inflation, so numbers reflect current purchasing power rather than outdated prices. For investors, it matters because it converts historic figures into meaningful, comparable values—like updating old price tags to today’s dollars—helping assess real profits, assets and liabilities and avoid being misled by inflation-distorted results.

ADR financial

"earnings per ADR of Ps. 351.3722, compared to earnings per common share"

An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.

basis points financial

"Adjusted EBITDA Mg. | | 29.8 | % | | 26.8 | % | | +305 bps"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

AI-generated analysis. Not financial advice.

BUENOS AIRES, AR / ACCESS Newswire / May 4, 2026 / Loma Negra, (NYSE:LOMA)(BYMA:LOMA), ("Loma Negra" or the "Company"), the leading cement producer in Argentina, today announced results for the three-month period ended March 31, 2026 (our "1Q26 Results").

1Q26 Key Highlights

• Net sales revenues stood at Ps. 218,739 million (US$ 149 million), and increased by 1.1% YoY, mainly explained by an increase of 0.8% in the top line of the Cement segment.

• Consolidated Adjusted EBITDA reached Ps. 54,566 million, increasing by 5.1% YoY in pesos, while in dollars it reached 45 million, up 11.5% from 1Q25.

• The Consolidated Adjusted EBITDA margin stood at 24.9%, increasing by 94 basis points YoY from 24.0%.

• Net Profit of Ps. 40,627 million, compared to a net profit of Ps. 28,178 million in the same period of the previous year, mainly driven by a higher gain in net financial results and improved operational performance.

• Net Debt stood at Ps. 259,407 million (US$186 million), representing a Net Debt/LTM Adjusted EBITDA ratio of 1.33x, compared to 1.47x in FY25.

The Company has presented certain financial figures, Table 1b and Table 11, in U.S. dollars and Pesos without giving effect to IAS 29. The Company has prepared all other financial information herein by applying IAS 29.

Commenting on the financial and operating performance for the first quarter of 2026, Sergio Faifman, Loma Negra's Chief Executive Officer, noted: "We began the year with renewed expectations. Although industry volumes were relatively subdued at the start of the year, reflecting a slower exit from the summer season, March showed a more encouraging level of activity, reinforcing our outlook for the remainder of the year. In terms of quarterly performance, we delivered improvements in margins and EBITDA generation per ton, both sequentially and year-over-year. As previously indicated, the actions we have been implementing are beginning to be reflected in our results, positioning us well as we await a more sustained recovery in demand. This is a particularly important year for us as we celebrate LOMA's centennial, reaffirming our leadership position and remaining enthusiastic about the opportunities ahead."

Table 1: Financial Highlights
			(amounts expressed in millions of pesos, unless otherwise noted)
			Three-months ended March 31,
			2026					2025					% Chg.
Net revenue				218,739					216,350					1.1	%
Gross Profit				57,032					57,201					-0.3	%
Gross Profit margin				26.1	%				26.4	%			-37 bps
Adjusted EBITDA				54,566					51,939					5.1	%
Adjusted EBITDA Mg.				24.9	%				24.0	%			+94 bps
Net Profit (Loss)				40,627					28,178					44.2	%
Net Profit (Loss) attributable to owners of the Company				41,004					28,475					44.0	%
EPS				70.2744					48.8019					44.0	%
Average outstanding shares				583					583					0.0	%
Net Debt				259,407					247,449					4.8	%
Net Debt /LTM Adjusted EBITDA				1.33	x				0.96	x				0.39	x

Table 1b: Financial Highlights in Ps and in U.S. dollars (figures exclude the impact of IAS 29)
In million Ps.		Three-months ended March, 31
		2026				2025				% Chg.
Net revenue			212,094				157,727				34.5	%
Adjusted EBITDA			63,205				42,195				49.8	%
Adjusted EBITDA Mg.			29.8	%			26.8	%		+305 bps
Net Profit (Loss)			48,656				24,441				99.1	%
Net Debt			259,407				247,449				4.8	%
Net Debt /LTM Adjusted EBITDA			1.33	x			0.96	x			0.39	x
In million US$		Three-months ended March 31,
			2026				2025			% Chg.
Ps./US$, av			1,419.26				1,056.17				34.4	%
Ps./US$, eop			1,396.34				1,073.88				30.0	%
Net revenue			149				149				0.1	%
Adjusted EBITDA			45				40				11.5	%
Adjusted EBITDA Mg.			29.8	%			26.8	%		+305 bps
Net Profit (Loss)			34				23				48.1	%
Net Debt			186				230				-19.4	%
Net Debt /LTM Adjusted EBITDA			1.33	x			0.96	x			0.39	x

Overview of Operations

Sales Volumes

Table 2: Sales Volumes2
			Three-months ended March 31,
			2026				2025				% Chg.
Cement, masonry & lime	MM Tn			1.17				1.15				1.8	%
Concrete	MM m3			0.11				0.10				14.1	%
Railroad	MM Tn			0.96				0.83				14.8	%
Aggregates	MM Tn			0.23				0.28				-18.3	%
2 Sales volumes include inter-segment sales

Sales volumes of cement, masonry, and lime in 1Q26 increased by 1.8% year-over-year (YoY) to 1.17 million tons. Following a soft start to the year, March volumes reversed the trend, bringing the year-over-year comparison into positive territory.

When analyzing dispatch modes, results remained mixed. Bulk cement dispatches continued their positive trend, supported by higher activity levels among concrete producers, industrial customers, and construction companies. Bagged cement dispatches, while still declining, narrowed the year-over-year gap following a positive performance in March.

Concrete segment volumes increased by 14.1% year-over-year, primarily driven by private developments related to logistics facilities and large-scale residential projects in Buenos Aires, while public infrastructure projects boosted concrete dispatches in Rosario.

The Aggregates segment posted an 18.3% year-over-year contraction, mainly affected by reduced activity in the concrete sector and by lower demand from construction companies.

Railroad segment volumes grew by 14.8% compared to the same quarter in 2025, mainly driven by higher transportation of granitic aggregates, cement and chemicals.

Review of Financial Results

Table 3: Condensed Interim Consolidated Statements of Profit or Loss and Other Comprehensive Income
(amounts expressed in millions of pesos, unless otherwise noted)
		Three-months ended March 31,
		2026				2025				% Chg.
Net revenue			218,739				216,350				1.1	%
Cost of sales			(161,707	)			(159,148	)			1.6	%
Gross profit			57,032				57,201				-0.3	%
Selling and administrative expenses			(24,251	)			(25,231	)			-3.9	%
Other gains and losses			613				882				-30.5	%
Tax on debits and credits to bank accounts			(2,275	)			(2,360	)			-3.6	%
Finance gain (cost), net
Gain on net monetary position			32,923				33,695				-2.3	%
Exchange rate differences			11,955				(11,409	)			n/a
Financial income			400				1,434				-72.1	%
Financial expense			(12,889	)			(11,910	)			8.2	%
Profit (Loss) before taxes			63,508				42,303				50.1	%
Income tax expense
Current			(22,360	)			(13,721	)			63.0	%
Deferred			(521	)			(404	)			29.0	%
Net profit (Loss)			40,627				28,178				44.2	%

Net Revenues

Net revenue increased by 1.1% to Ps. 218,739 million in 1Q26, from Ps. 216,350 million in the comparable quarter last year, mainly driven by stronger top-line performance in the Cement business, followed by the Railroad segment, partially offset by lower revenues in the Concrete and Aggregates segments.

The Cement, Masonry Cement and Lime segment remained broadly stable, with a 0.8% YoY increase in revenues. Volumes grew by 1.8% YoY, supported by bulk cement dispatches, while bagged cement continued to show weaker performance, although the YoY gap narrowed as March exhibited a more consistent trend. Pricing remained relatively flat, declining by 0.9% YoY.

Concrete revenue decreased by 1.9% in the quarter compared to 1Q25, as a 14.1% increase in volumes did not fully offset softer pricing dynamics. Volume growth was primarily supported by private developments related to logistics infrastructure and large-scale residential projects, while sustained public works activity in the Province of Santa Fe supported dispatches in Rosario.

Revenues in the Aggregates segment remained nearly flat, decreasing by just 0.2% year-over-year. Sales volumes declined by 18.3%, driven by lower demand from concrete producers and construction companies. However, this negative volume effect was offset by improved pricing dynamics, coupled with a favorable sales mix, as lower demand from road construction projects reduced the share of fine aggregates, which carry a lower average price.

Railroad revenues increased by 2.2% in 1Q26 compared to the same quarter of 2025, as higher transported volumes, up 14.8%, were partially offset by softer pricing conditions.

Cost of sales, and Gross profit

Cost of sales increased by 1.6% YoY to Ps. 161,707 million in 1Q26, mainly reflecting higher costs in the Cement segment, partially offset by lower cost of sales in the Concrete and Aggregates businesses. Additionally, there was a greater impact from depreciation following the completion of the 25-kilogram bagging project.

In the Cement segment, unit costs were broadly in line, increasing by 2.0% YoY. Higher depreciation impacted the segment following the completion of the 25-kilogram bagging project. Additionally, packaging-related to the implementation of the 25kg bags-and maintenance put upward pressure on the cost base. On the other hand, energy inputs, freight, and salaries contributed to cost containment efforts.

Gross profit decreased by 0.3% in the first quarter, totaling Ps. 57,032 million compared to Ps. 57,201 million in 1Q25. Similarly, the gross profit margin contracted by 37 basis points year-over-year, reaching 26.1%, reflecting a sequential recovery from the previous quarter.

Selling and Administrative Expenses

Selling and administrative expenses (SG&A) decreased by 3.9% YoY to Ps. 24,251 million in 1Q26, compared to Ps. 25,231 million in 1Q25. This decrease was mainly driven by lower salary and freight expenses, partially offset by higher IT and marketing expenses. As a percentage of sales, SG&A stood at 11.1%, decreasing by 58 bps compared to 1Q25.

Adjusted EBITDA & Margin

Table 4: Adjusted EBITDA Reconciliation & Margin
(amounts expressed in millions of pesos, unless otherwise noted)
		Three-months ended March 31,
		2026				2025				% Chg.
Adjusted EBITDA reconciliation:
Net profit (Loss)			40,627				28,178				44.2	%
(+) Depreciation and amortization			21,171				19,087				10.9	%
(+) Tax on debits and credits to bank accounts			2,275				2,360				-3.6	%
(+) Income tax expense			22,881				14,125				62.0	%
(+) Financial interest, net			10,711				7,479				43.2	%
(+) Exchange rate differences, net			(11,955	)			11,409				n/a
(+) Other financial expenses, net			1,778				2,996				-40.7	%
(+) Gain on net monetary position			(32,923	)			(33,695	)			-2.3	%
Adjusted EBITDA			54,566				51,939				5.1	%
Adjusted EBITDA Margin			24.9	%			24.0	%		+94 bps

Adjusted EBITDA increased by 5.1% year-over-year in 1Q26, totaling Ps. 54,566 million compared to Ps. 51,939 million in the same period of the previous year, driven by improved results across all segments.

As a result, the Adjusted EBITDA margin expanded by 94 basis points to 24.9% in 1Q26 from 24.0% in 1Q25. On a sequential basis, the margin improved by 528 basis points from 19.7% in the previous quarter.

In particular, the Adjusted EBITDA margin of the Cement, Masonry and Lime segment remained broadly flat, contracting slightly by 14 basis points to 28.8%, while showing signs of sequential recovery. The YoY contraction was mainly driven by higher cost of sales, partially offset by lower SG&A expenses.

Meanwhile, the Concrete segment's Adjusted EBITDA margin expanded by 424 basis points to -1.2% in 1Q26, from -5.5% in 1Q25, as the recovery in sales volumes, coupled with improved cost of sales, helped reduce the negative result, although it remained affected by softer pricing dynamics in a highly competitive environment and higher SG&A expenses. Similarly, the Aggregates segment improved its margin by 643 basis points, although it remained in negative territory, reaching -18.3% this quarter from -24.7% in the same period last year.

In the Railroad segment, the Adjusted EBITDA margin improved by 160 basis points YoY, reaching -3.9% in 1Q26 compared to -5.5% in 1Q25. Transport volumes increased, contributing to the dilution of fixed costs, although this was partially offset by a higher impact from SG&A and lower gains in other gains and losses. Additionally, pricing performance continues to weigh on the segment's results amid a still challenging environment.

Finance Costs-Net

Table 5: Finance Gain (Cost), net
(amounts expressed in millions of pesos, unless otherwise noted)
		Three-months ended March 31,
		2026				2025				% Chg.
Exchange rate differences			11,955				(11,409	)			n/a
Financial income			400				1,434				-72.1	%
Financial expense			(12,889	)			(11,910	)			8.2	%
Gain on net monetary position			32,923				33,695				-2.3	%
Total Finance Gain (Cost), Net			32,389				11,811				174.2	%

During 1Q26, the Company reported a total net financial gain of Ps. 32,389 million, compared to a gain of Ps. 11,811 million in 1Q25. This YoY improvement was mainly attributable to foreign exchange gains resulting from the appreciation of the peso-approximately 5% during the quarter-on our U.S. dollar-denominated liabilities.

Meanwhile, net financial expense increased by 19.2% year-over-year to Ps. 12,489 million, primarily driven by a lower financial income coupled with higher financial expenses.

Net Profit and Net Profit Attributable to Owners of the Company

The Company reported Net Profit of Ps. 40.6 billion in 1Q26, compared to Ps. 28.2 billion in the same period of the previous year. The improvement was mainly driven by higher financial gains, coupled with improved operating performance. However, this increase was partially offset by higher income tax expenses.

Net Profit Attributable to Owners of the Company totaled Ps. 41.0 billion. During the quarter, the Company reported earnings per common share of Ps. 70.2744 and earnings per ADR of Ps. 351.3722, compared to earnings per common share of Ps. 48.8019 and earnings per ADR of Ps. 244.0095 in 1Q25.

Capitalization

Table 6: Capitalization and Debt Ratio
(amounts expressed in millions of pesos, unless otherwise noted)
		As of March 31,								As of December 31,
		2026				2025				2025
Total Debt			305,808				261,536				326,037
- Short-Term Debt			67,363				243,660				146,951
- Long-Term Debt			238,445				17,876				179,086
Cash, Cash Equivalents and Investments			(46,401				(14,087				(34,382
Total Net Debt			259,407				247,449				291,655
Shareholder's Equity			1,207,459				1,170,036				1,166,833
Capitalization			1,513,267				1,431,572				1,492,870
LTM Adjusted EBITDA			195,410				258,826				198,093
Net Debt /LTM Adjusted EBITDA			1.33				0.96				1.47

As of March 31, 2026, total Cash, Cash Equivalents and Investments amounted to Ps. 46,401 million, compared to Ps. 14,087 million as of March 31, 2025. Total Net Debt at quarter-end stood at Ps. 259,407 million, composed of Ps. 67,363 million in short-term borrowings, including the current portion of long-term debt (22% of total debt), and Ps. 238,445 million in long-term borrowings (78% of total debt). As of the end of 1Q26, 84% (Ps. 256,420 million) of Loma Negra's total debt was denominated in U.S. dollars, while 16% (Ps. 49,388 million) was denominated in pesos.

As of March 31, 2026, 84% of the Company's consolidated debt accrued interest at a fixed rate, while the remaining 16% accrued interest at a variable rate, primarily linked to short-term peso market rates.

On January 23, 2026, the Company issued its Class 6 corporate bond for a total principal amount of US$ 60.0 million, with a tenure of 36 months and an interest rate of 6.5%. Part of the proceeds was used to meet the maturity of the Class 3 corporate bond.

At quarter-end, Loma Negra's total debt had an average maturity of 1.4 years. The aforementioned bond issuance further strengthened our liability profile by extending the overall average maturity of our debt.

The Net Debt to Adjusted EBITDA (LTM) ratio stood at 1.33x as of the end of the first quarter, compared to 1.47x as of December 31, 2025.

Cash Flows

Table 7: Condensed Interim Consolidated Statement of Cash Flows
(amounts expressed in millions of pesos, unless otherwise noted)
		Three-months ended March 31,
		2026				2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Profit (Loss)			40,627				28,178
Adjustments to reconcile net profit (loss) to net cash provided by operating activities			12,339				16,353
Changes in operating assets and liabilities			(33,253	)			(46,290	)
Net cash generated by (used in) operating activities			19,712				(1,759	)
CASH FLOWS FROM INVESTING ACTIVITIES
Property, plant and equipment, Intangible Assets, net			(11,146	)			(14,700	)
Contributions to Trust			(452	)			(316	)
Investments, net			(385	)			-
Net cash used in investing activities			(11,982	)			(15,016	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds / Repayments from borrowings, Interest paid			16,042				19,846
Net cash generated by (used in) by financing activities			16,042				19,846
Net increase (decrease) in cash and cash equivalents			23,772				3,072
Cash and cash equivalents at the beginning of the year			34,382				12,314
Effect of the re-expression in homogeneous cash currency ("Inflation-Adjusted")			(7,279	)			(1,468	)
Effects of the exchange rate differences on cash and cash equivalents in foreign currency			(4,474	)			169
Cash and cash equivalents at the end of the period			46,401				14,087

In 1Q26, net cash generated from operating activities totaled Ps. 19,712 million, compared to net cash used of Ps. 1,759 million in the same period of the previous year. The YoY increase was mainly driven by lower working capital requirements, coupled with improved operating results. Improvements in accounts payable and other receivables, coupled with inventories increasing at a slower pace than in 1Q25, supported cash generation, despite this being one of the most working capital-intensive periods of the year, as clinker production is concentrated in the summer to avoid higher energy costs during the winter. On the other hand, tax liabilities, advances from customers, and trade accounts receivable partially offset this positive effect.

During the quarter, the Company generated Ps. 16,042 million from financing activities, mainly due to the Class 6 bond issuance, the proceeds of which were primarily used for the repayment of borrowings, including the Class 3 bond. Additionally, Ps. 11,982 million were used in investing activities. CAPEX decreased following the completion of the 25-kilogram bagging project.

Recent Events

Finalization of the restructuring process of our indirect controlling shareholder

On April 6, 2026, an extraordinary shareholders' meeting of our indirect controlling shareholder, Intercement Participações ("ICP"), was held, at which several resolutions were approved in accordance with the Judicial Reorganization Plan, marking the finalization of the restructuring process.

As a result of these resolutions, ICP's shareholding structure was modified, incorporating as shareholders those creditors who subscribed to the newly issued shares in connection with a capital increase, among which the following stand out:

Shareholder	Ownership Interest
Latcem LLC	38,7%
Redwood (1)	26,7%
Moneda (2)	24,0%
Cigna Health and Life Insurance Company	4,9%
Others	5,7%

(1) Through DD3 Indigo Vale, LLC (9,3%) and RMF Indigo Vale, LLC (17,5%)

(2) Through Moneda LatAm High Yield Credit Fund PLC (18,061%); Moneda Luxembourg Sicav-Latam Corporate Credit Fund (0,0171%); Moneda Latin American Corporate Debt (4,818%) and Moneda Renta CLP Fondo de Inversión (0,927%)

It should be noted that the Company's direct controlling shareholder continues to be InterCement Trading e Inversiones Argentina, S.L., with a 52.14% ownership of the voting shares, which remains unchanged. In addition, under the terms of the judicial reorganization plan, Loma Negra may be subject to a marketing process until September 30, 2028, for the private sale of all or part of the equity interest indirectly held in us by ICP, which may involve multiple transactions with multiple counterparties.

1Q26 Earnings Conference Call

When: 10:00 a.m. U.S. ET (11:00 a.m. BAT), May 5, 2026

Dial-in: 0800-444-5129 (Argentina), 1-833-255-2824 (U.S.), 1-866-605-3852 (Canada), 1-412-902-6701 (International)

Password: Loma Negra Call

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ViqINbca

Replay: A telephone replay of the conference call will be available until May 13, 2026. The replay can be accessed by dialing 1-855-669-9658 (U.S. toll free), or 1-412-317-0088 (International). The passcode for the replay is 8952694. The audio of the conference call will also be archived on the Company's website at www.lomanegra.com

Definitions

Adjusted EBITDA is calculated as net profit plus financial interest, net plus income tax expense plus depreciation and amortization plus exchange rate differences plus other financial expenses, net plus tax on debits and credits to bank accounts, plus share of loss of associates, plus net Impairment of Property, plant and equipment, and less income from discontinued operation. Loma Negra believes that excluding tax on debits and credits to bank accounts from its calculation of Adjusted EBITDA is a better measure of operating performance when compared to other international players.

Net Debt is calculated as borrowings less cash, cash equivalents and short-term investments.

About Loma Negra

Founded in 1926, Loma Negra is the leading cement company in Argentina, producing and distributing cement, masonry cement, aggregates, concrete and lime, products primarily used in private and public construction. Loma Negra is a vertically-integrated cement and concrete company, with nationwide operations, supported by vast limestone reserves, strategically located plants, top-of-mind brands and established distribution channels. Loma Negra is listed both on BYMA and on NYSE in the U.S., where it trades under the symbol "LOMA". One ADS represents five (5) common shares. For more information, visit www.lomanegra.com.

Note

The Company presented some figures converted from Pesos to U.S. dollars for comparison purposes. The exchange rate used to convert Pesos to U.S. dollars was the reference exchange rate (Communication "A" 3500) reported by the Central Bank for U.S. dollars. The information presented in U.S. dollars is for the convenience of the reader only. Certain figures included in this report have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be arithmetic aggregations of the figures presented in previous quarters.

Rounding: We have made rounding adjustments to reach some of the figures included in this report. As a result, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them.

Disclaimer
This release contains forward-looking statements within the meaning of federal securities law that are subject to risks and uncertainties. These statements are only predictions based upon our current expectations and projections about possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," "seek," "forecast," or the negative of these terms or other similar expressions. The forward-looking statements are based on the information currently available to us. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including, among others things: changes in general economic, political, governmental and business conditions globally and in Argentina, changes in inflation rates, fluctuations in the exchange rate of the peso, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy and various other factors. You should not rely upon forward-looking statements as predictions of future events. Although we believe in good faith that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Any or all of Loma Negra's forward-looking statements in this release may turn out to be wrong. You should consider these forward-looking statements in light of other factors discussed under the heading "Risk Factors" in the prospectus filed with the Securities and Exchange Commission on October 31, 2017 in connection with Loma Negra's initial public offering. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations.

IR Contacts Marcos I. Gradin, Chief Financial Officer and Investor Relations Diego M. Jalón, Investor Relations Manager +54-11-4319-3050 investorrelations@lomanegra.com

--- Financial Tables Follow ---

Table 8: Condensed Interim Consolidated Statements of Financial Position
(amounts expressed in millions of pesos, unless otherwise noted)
		As of March 31,				As of December 31,
		2026				2025
ASSETS
Non-current assets
Property, plant and equipment			1,470,119				1,490,089
Right to use assets			3,273				3,547
Intangible assets			11,139				9,533
Investments			100				100
Goodwill			997				997
Inventories			104,110				89,725
Other receivables			1,443				1,423
Other assets			403				441
Total non-current assets			1,591,583				1,595,854
Current assets
Inventories			332,229				321,961
Other receivables			22,570				40,883
Trade accounts receivable			89,278				84,072
Investments			33,810				23,699
Cash and banks			12,977				10,683
Total current assets			490,863				481,298
TOTAL ASSETS			2,082,447				2,077,153
SHAREHOLDER'S EQUITY
Capital stock and other capital related accounts			380,666				380,666
Reserves			761,511				761,511
Retained earnings			66,815				25,812
Equity attributable to the owners of the Company			1,208,992				1,167,989
Non-controlling interests			(1,533	)			(1,156	)
TOTAL SHAREHOLDER'S EQUITY			1,207,459				1,166,833
LIABILITIES
Non-current liabilities
Borrowings			238,445				179,086
Provisions			13,913				15,394
Salaries and social security payables			896				2,143
Tax liabilities			4,383				4,865
Debts for leases			1,000				1,454
Other liabilities			1,019				1,170
Deferred tax liabilities			371,725				371,203
Total non-current liabilities			631,380				575,315
Current liabilities
Borrowings			67,363				146,951
Accounts payable			118,752				129,334
Advances from customers			9,066				15,787
Salaries and social security payables			28,432				26,661
Tax liabilities			16,361				12,433
Debts for leases			2,158				2,413
Other liabilities			1,476				1,426
Total current liabilities			243,608				335,005
TOTAL LIABILITIES			874,988				910,320
TOTAL SHAREHOLDER'S EQUITY AND LIABILITIES			2,082,447				2,077,153

Table 9: Condensed Interim Consolidated Statements of Profit or Loss and Other Comprehensive Income
(amounts expressed in millions of pesos, unless otherwise noted)
		Three-months ended March 31,
		2026				2025				% Change
Net revenue			218,739				216,350				1.1	%
Cost of sales			(161,707	)			(159,148	)			1.6	%
Gross Profit			57,032				57,201				-0.3	%
Selling and administrative expenses			(24,251	)			(25,231	)			-3.9	%
Other gains and losses			613				882				-30.5	%
Tax on debits and credits to bank accounts			(2,275	)			(2,360	)			-3.6	%
Finance gain (cost), net
Gain on net monetary position			32,923				33,695				-2.3	%
Exchange rate differences			11,955				(11,409	)			n/a
Financial income			400				1,434				-72.1	%
Financial expenses			(12,889	)			(11,910	)			8.2	%
Profit (loss) before taxes			63,508				42,303				50.1	%
Income tax expense
Current			(22,360	)			(13,721	)			63.0	%
Deferred			(521	)			(404	)			29.0	%
Net Profit (Loss)			40,627				28,178				44.2	%
Net Profit (Loss) for the period attributable to:
Owners of the Company			41,004				28,475				44.0	%
Non-controlling interests			(377	)			(297	)			27.2	%
NET PROFIT (LOSS) FOR THE PERIOD			40,627				28,178				44.2	%
Earnings per share (basic and diluted)			70.2744				48.8019				44.0	%

Table 10: Condensed Interim Consolidated Statement of Cash Flows
(amounts expressed in millions of pesos, unless otherwise noted)
		Three-months ended March 31,
		2026				2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Profit (Loss)			40,627				28,178
Adjustments to reconcile net profit to net cash provided by operating activities
Income tax expense			22,881				14,125
Depreciation and amortization			21,171				19,087
Provisions			(30	)			1,457
Exchange rate differences			(9,871	)			8,792
Interest expense			10,734				7,511
Gain on disposal of property, plant and equipment			(9	)			(144	)
Gain on net monetary position			(32,923	)			(33,695	)
Impairment of trust fund			386				(779	)
Changes in operating assets and liabilities
Inventories			(15,584	)			(27,805	)
Other receivables			15,434				4,171
Trade accounts receivable			(13,984	)			(9,029	)
Advances from customers			(5,926	)			1,239
Accounts payable			2,571				(9,837	)
Salaries and social security payables			2,792				1,106
Provisions			(114	)			(1,046	)
Tax liabilities			(14,359	)			833
Other liabilities			82				124
Income tax paid			(4,164	)			(6,048	)
Net cash generated by (used in) operating activities			19,712				(1,759	)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from disposal of Property, plant and equipment			640				738
Payments to acquire Property, plant and equipment			(9,724	)			(15,438	)
Payments to acquire Intangible Assets			(2,061	)			-
Acquire investments			(385	)			-
Contributions to Trust			(452	)			(316	)
Net cash generated by (used in) investing activities			(11,982	)			(15,016	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from non-convertible negotiable obligations			86,495				-
Proceeds from borrowings			29,892				42,169
Interest paid			(12,116	)			(6,959	)
Debts for leases			(631	)			(589	)
Repayment of borrowings			(87,597	)			(14,775	)
Net cash generated by (used in) financing activities			16,042				19,846
Net increase (decrease) in cash and cash equivalents			23,772				3,072
Cash and cash equivalents at the beginning of the period			34,382				12,314
Effect of the re-expression in homogeneous cash currency ("Inflation-Adjusted")			(7,279	)			(1,468	)
Effects of the exchange rate differences on cash and cash equivalents in foreign currency			(4,474	)			169
Cash and cash equivalents at the end of the period			46,401				14,087

Table 11: Financial Data by Segment (figures exclude the impact of IAS 29)
(amounts expressed in millions of pesos, unless otherwise noted)
		Three-months ended March 31,
		2026				%				2025				%
Net revenue			212,094				100.0	%			157,727				100.0	%
Cement, masonry cement and lime			184,865				87.2	%			137,853				87.4	%
Concrete			17,521				8.3	%			13,458				8.5	%
Railroad			19,877				9.4	%			14,590				9.3	%
Aggregates			5,296				2.5	%			3,982				2.5	%
Others			3,733				1.8	%			1,989				1.3	%
Eliminations			(19,197	)			-9.1	%			(14,146	)			-9.0	%
Cost of sales			132,212				100.0	%			100,916				100.0	%
Cement, masonry cement and lime			107,180				81.1	%			81,091				80.4	%
Concrete			16,973				12.8	%			13,399				13.3	%
Railroad			20,293				15.3	%			15,022				14.9	%
Aggregates			5,635				4.3	%			4,687				4.6	%
Others			1,328				1.0	%			863				0.9	%
Eliminations			(19,197	)			-14.5	%			(14,146	)			-14.0	%
Selling, admin. expenses and other gains & losses			21,572				100.0	%			16,723				100.0	%
Cement, masonry cement and lime			18,112				84.0	%			15,067				90.1	%
Concrete			1,520				7.0	%			657				3.9	%
Railroad			1,138				5.3	%			384				2.3	%
Aggregates			74				0.3	%			37				0.2	%
Others			728				3.4	%			579				3.5	%
Depreciation and amortization			4,895				100.0	%			2,107				100.0	%
Cement, masonry cement and lime			2,950				60.3	%			1,678				79.6	%
Concrete			911				18.6	%			80				3.8	%
Railroad			906				18.5	%			181				8.6	%
Aggregates			116				2.4	%			165				7.8	%
Others			12				0.2	%			4				0.2	%
Adjusted EBITDA			63,205				100.0	%			42,195				100.0	%
Cement, masonry cement and lime			62,523				98.9	%			43,373				102.8	%
Concrete			(61	)			-0.1	%			(517	)			-1.2	%
Railroad			(648	)			-1.0	%			(635	)			-1.5	%
Aggregates			(297	)			-0.5	%			(576	)			-1.4	%
Others			1,689				2.7	%			550				1.3	%
Reconciling items:
Effect by translation in homogeneous cash currency ("Inflation-Adjusted")			(8,639	)							9,744
Depreciation and amortization			(21,171	)							(19,087	)
Tax on debits and credits banks accounts			(2,275	)							(2,360	)
Finance gain (cost), net			32,389								11,811
Income tax			(22,881	)							(14,125	)
NET PROFIT (LOSS) FOR THE PERIOD			40,627								28,178

SOURCE: Loma Negra Compañía Industrial Argentina Sociedad

View the original press release on ACCESS Newswire

FAQ

What were LOMA's key 1Q26 financial results (revenue, EBITDA, net profit)?

Loma Negra reported 1Q26 revenue Ps.218,739m, Adjusted EBITDA Ps.54,566m, and net profit Ps.40,627m. According to the company, revenue rose 1.1% YoY and net profit increased 44.2% YoY, partly driven by higher financial gains and margin recovery.

How did LOMA's volumes perform in 1Q26 for cement, concrete and aggregates?

Cement volumes rose 1.8% YoY to 1.17 Mt, concrete volumes increased 14.1% YoY, while aggregates fell 18.3% YoY. According to the company, March improvements helped cement and concrete, but aggregates were hit by weaker construction demand.

What is LOMA's debt position and leverage as of March 31, 2026?

Net debt was Ps.259,407m with Net Debt/LTM Adjusted EBITDA of 1.33x. According to the company, net debt rose 4.8% YoY, while the leverage ratio improved versus FY25 due to higher LTM EBITDA.

Did LOMA's profitability metrics improve in 1Q26 and why?

Profitability improved: Adjusted EBITDA margin expanded to 24.9% and net profit rose 44.2% YoY. According to the company, results reflected operational improvements, cost control, and significant FX-related financial gains in the quarter.

How did foreign exchange movements affect LOMA's 1Q26 financials (LOMA)?

Foreign exchange contributed to a higher net financial gain of Ps.32,389m in 1Q26. According to the company, peso appreciation against the U.S. dollar produced FX gains on dollar-denominated liabilities, materially boosting net financial results.