Financial Performance - Net sales revenues decreased by 12.1% year-over-year to Ps. 209,272 million (US$ 154 million) in 3Q25, primarily due to a 13.2% decline in the Cement segment[7] - Consolidated Adjusted EBITDA reached Ps. 43,536 million (US$ 36 million), down 23.7% year-over-year in pesos and 35.1% in dollars[7] - The Consolidated Adjusted EBITDA margin stood at 20.8%, decreasing by 315 basis points from 24.0% in the previous year[7] - The company reported a net loss of Ps. 8,587 million, compared to a net profit of Ps. 27,871 million in the same period last year, reflecting a significant decline in financial results[7] - Gross profit decreased by 32.5% in Q3 2025, totaling Ps. 36,261 million compared to Ps. 53,723 million in Q3 2024[24] - Adjusted EBITDA decreased by 23.7% year-over-year in Q3 2025, totaling Ps. 43,536 million compared to Ps. 57,024 million in the same period of the previous year[27] - The Adjusted EBITDA margin contracted by 315 basis points to 20.8% in Q3 2025 from 24.0% in Q3 2024[28] - Net loss for Q3 2025 was 8,587 million pesos, compared to a profit of 27,871 million pesos in Q3 2024, representing a 90.2% decline[57] Sales and Volume Performance - Cement, masonry, and lime sales volumes decreased by 5.4% year-over-year to 1.37 million tons, despite a 12.8% sequential increase[11] - Concrete segment volumes increased by 37.8% year-over-year, driven by private developments and public infrastructure projects[13] - The Aggregates segment posted a 26.3% year-over-year increase in sales volumes, supported by road construction and railroad projects[13] Debt and Cash Flow - Net Debt increased by 24.3% year-over-year to Ps. 281,519 million (US$ 206 million), with a Net Debt/LTM Adjusted EBITDA ratio of 1.49x[7] - The company issued a new Class 5 Corporate Bond in July for US$ 113 million to refinance upcoming maturities[7] - Total debt at the close of Q3 2025 stood at Ps. 396,740 million, with 61% in short-term borrowings and 39% in long-term borrowings[39] - Net cash generated from operating activities totaled Ps. 31,937 million in Q3 2025, compared to Ps. 83,758 million in the same period of the previous year[44] - The Company generated Ps. 74,281 million in cash from financing activities, mainly driven by the issuance of the Class 5 bond[45] - The Net Debt to Adjusted EBITDA (LTM) ratio stood at 1.49x as of the end of Q3 2025, up from 0.89x as of December 31, 2024[41] Expenses and Costs - Selling and administrative expenses decreased by 11.7% in Q3 2025, totaling Ps. 19,282 million compared to Ps. 21,830 million in Q3 2024[25] - The Adjusted EBITDA margin of the Concrete segment contracted by 1,096 basis points to -6.8% in Q3 2025, from 4.2% in Q3 2024[30] - The cost of sales for the three months ended September 30, 2025, was 144,887 million pesos, up from 110,611 million pesos in the same period of 2024[61] - The company reported a significant increase in interest expense, totaling 16,737 million pesos for the three months ended September 30, 2025, compared to 13,364 million pesos in 2024[59] Assets and Liabilities - Total assets as of September 30, 2025, were 1,848,138 million pesos, an increase from 1,717,690 million pesos as of December 31, 2024[55] - Current liabilities increased to 375,558 million pesos as of September 30, 2025, compared to 326,651 million pesos at the end of 2024[55] - Borrowings rose significantly to 396,740 million pesos as of September 30, 2025, up from 208,442 million pesos at the end of 2024[55] Exchange Rate and Monetary Position - The company reported a 77.8% decrease in gain on net monetary position, from 293,039 million pesos in the first nine months of 2024 to 65,195 million pesos in the same period of 2025[57] - The exchange rate differences resulted in a loss of 29,811 million pesos in Q3 2025, compared to a loss of 12,609 million pesos in Q3 2024, reflecting a 136.4% increase[57] - The company recorded a gain on net monetary position of (18,550) million pesos for the three months ended September 30, 2025, compared to (45,462) million pesos in 2024[59] Cash Flow Activities - Cash flows from operating activities generated 31,937 million pesos in the three months ended September 30, 2025, compared to 83,758 million pesos in the same period of 2024[59] - Cash flows from investing activities showed a net outflow of 61,943 million pesos for the three months ended September 30, 2025, compared to an outflow of 23,227 million pesos in 2024[59] - Cash flows from financing activities generated 74,281 million pesos in the three months ended September 30, 2025, compared to a net outflow of 45,808 million pesos in the same period of 2024[59]
Loma Negra pania Industrial Argentina Sociedad Anonima(LOMA) - 2025 Q3 - Quarterly Report