Loma Negra Compania Stock Price, News & Analysis

Loma Negra Compañía Industrial Argentina Sociedad Anónima (traded on the NYSE and BYMA under the symbol LOMA) is a cement manufacturing company based in Argentina. According to its public disclosures, it is described as the leading cement producer in Argentina and focuses on products and services used in private and public construction.

Founded in 1926, Loma Negra is a vertically integrated cement and concrete company. As stated in its annual report description, it produces and distributes cement, masonry cement, aggregates, concrete and lime. These products are primarily used in construction activities across Argentina. The company notes that its operations are supported by vast limestone reserves, strategically located plants, established distribution channels and brands that enjoy strong recognition in its home market.

Loma Negra’s business is organized around several operating segments referenced in its earnings releases and volume tables: Cement, masonry cement and lime; Concrete; Aggregates; and a Railroad segment that provides rail services. The Cement, masonry cement and lime segment is repeatedly described as its core business and main segment, and earnings releases indicate that this segment is the primary driver of the company’s top line performance. Concrete, Aggregates and Railroad follow the trend of the core segment, sometimes partially offsetting or amplifying movements in consolidated results depending on volumes and pricing.

Business model and operations

The company’s public communications describe a vertically integrated model that links limestone reserves, cement production, concrete operations, aggregates and rail logistics. Sales volume tables in quarterly and annual results show that Loma Negra tracks and manages volumes in cement, masonry and lime (measured in million tons), concrete (in million cubic meters), railroad (in million tons transported) and aggregates (in million tons). These disclosures indicate that the company is involved not only in manufacturing cement and related products, but also in transporting raw materials and finished goods through its railroad segment.

Earnings releases emphasize that cement, masonry cement and lime volumes and pricing conditions are central to Loma Negra’s performance. Management commentary frequently refers to differences between bagged cement and bulk cement dispatches. Bagged cement is often associated with retail and smaller-scale construction, while bulk cement is more exposed to larger private projects, industrial works and public infrastructure. The company highlights that shifts between these dispatch modes, along with macroeconomic conditions, can affect both volumes and margins.

The Concrete and Aggregates segments are described as closely linked to infrastructure, logistics and residential projects. Company releases explain that concrete volumes are influenced by private developments related to logistics infrastructure and residential construction, and by varying levels of public works activity in different provinces. Aggregates volumes are often associated with road construction and railroad projects. The Railroad segment transports construction materials, grains, chemicals, gypsum and frac sand, with earnings releases noting that changes in product mix and route length can affect revenue per ton-kilometer.

Market context and geographic focus

In its annual report description, Loma Negra states that it has nationwide operations in Argentina, supported by strategically located plants and distribution channels. Its news releases repeatedly reference activity in the Buenos Aires metropolitan area, the province of Buenos Aires, the province of Santa Fe, and corridors such as the railway line connecting Bahía Blanca with Neuquén. These references indicate that the company’s operations and demand are closely tied to Argentine economic conditions, construction activity and infrastructure investment.

Management commentary in earnings releases frequently links cement demand and segment performance to macroeconomic variables such as GDP growth, inflation dynamics, interest rates, political transitions and public works programs in Argentina. While these comments focus on specific quarters, they underline that Loma Negra’s business is sensitive to the broader economic environment and construction cycle in its home market.

Financial reporting and segments

Loma Negra reports its results in Argentine pesos, with some tables also presented in U.S. dollars without the effect of inflation adjustment (IAS 29), as explicitly stated in multiple earnings releases. The company discloses net revenue, gross profit, adjusted EBITDA, adjusted EBITDA margin, net profit or loss, and net debt, along with a net debt to last twelve months (LTM) adjusted EBITDA ratio. These metrics are provided at the consolidated level, and management commentary often discusses how each segment contributes to overall performance.

Releases for different quarters detail how revenue and margins in the Cement, Concrete, Aggregates and Railroad segments are affected by changes in volumes, pricing dynamics, energy costs, freight costs and product mix. For example, the company has highlighted periods in which cement volumes declined but margins expanded due to cost management and improved energy input prices, as well as periods in which aggregates and concrete volumes increased but pricing became more competitive.

Stock and listing structure

Loma Negra states that it is listed both on BYMA in Argentina and on the New York Stock Exchange in the United States, where it trades under the symbol LOMA. The company explains that one American Depositary Share (ADS) represents five common shares. This structure allows investors to access the company’s equity through local Argentine markets or via ADSs on the NYSE.

In its Form 6-K filings, Loma Negra identifies itself as a foreign private issuer that files annual reports on Form 20-F with the U.S. Securities and Exchange Commission. The filings indicate that the company regularly submits earnings releases, earnings presentations, consolidated condensed interim financial statements and relevant event notices through Form 6-K.

Operational themes in disclosures

Across multiple reporting periods, Loma Negra’s public communications highlight several recurring operational themes:

• Volume and pricing balance: Earnings releases often describe situations where higher volumes in certain segments are offset by softer pricing dynamics in competitive environments, or where lower volumes are partially mitigated by positive price performance.
• Energy and cost management: The company repeatedly notes the impact of thermal and electrical energy costs on cement production, mentioning contracts with year-over-year tariff reductions and changes in the energy mix that influence per-ton costs and margins.
• Product mix and dispatch modes: Differences between bagged and bulk cement, as well as the mix of fine versus other aggregates, are cited as factors that influence average prices and profitability.
• Rail logistics and external events: The Railroad segment’s performance is tied to transported volumes and product mix, with disclosures referencing disruptions such as storms affecting the Bahía Blanca–Neuquén railway line and their impact on gypsum and frac sand transport.
• Capital markets activity: The company has reported issuances of domestic bonds and corporate bonds in U.S. dollars to refinance existing debt, extend maturities and manage its leverage profile.

Company status

Recent Form 6-K filings and earnings releases from 2024 and 2025 show that Loma Negra continues to report quarterly and annual results, file interim financial statements and disclose relevant events. There is no indication in the provided documents of delisting, deregistration, bankruptcy or cessation of operations. The company continues to refer to itself as the leading cement company in Argentina and to report on its cement, concrete, aggregates and railroad activities.