Loma Negra's bottom line surged on favorable currency tailwinds, yet the company faces persistent volume declines in cement and concrete, alongside rising operational costs that pressured EBITDA margins.
Loma Negra reported a jump in net profit driven by reduced FX losses, but underlying cement volumes declined and margins compressed, creating a mixed outlook.
Loma Negra reported a significant jump in net profit to Ps. 7,043 million, primarily driven by reduced foreign exchange losses compared to the previous year. However, underlying operational performance showed weakness, with cement volumes declining 1.4% and margin compression impacting the core business as costs outpaced price increases.
The profit increase was primarily driven by a significant reduction in foreign exchange losses on dollar-denominated debt, as the peso's depreciation was less severe than in the prior year.