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	%
²Sales 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

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Loma Negra 1Q26