Loma Negra Compania Industrial Argentina Sociedad Anonima financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Loma Negra Compania Industrial Argentina Sociedad Anonima files with the SEC in its annual reports.

In ARS millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	7,871	19,334	38,210	51,238	72,079	122,382	446,872	984,192	919,313	699,179
Cost of revenue	5,808	15,154	28,474	38,393	52,386	85,345	305,631	718,413	688,685	512,198
Gross profit	2,062	4,180	9,736	12,845	19,693	37,038	141,241	265,778	230,627	186,981
Selling, general and administrative	712	1,857	3,029	3,865	5,744	10,157	38,390	84,838	84,200	73,175
Operating income				810	1,685	10,031	0
Interest expense	459	492	796	927	3,083	8,688	8,135	173,356	159,671	82,523
Interest income	26.2	65.7	43.5	56.4	124	1,303	6,200	11,029	12,434	1,963
Pre-tax income	594	1,937	5,999	5,646	10,091	25,042	98,948	74,615	37,931	249,552
Income tax	242	650	341	-2,371	-3,466	11,116	60,465	62,362	16,850	95,925
Income from continuing operations				3,341	6,770	18,387	12,358	1,807
Net income to minority interests	3.22	15.9	258	316	420	91.4	-1,466	-894	-1,360	-183
Net income	348	1,271	5,399	3,769	7,889	33,375	39,950	13,147	22,441	153,810
EBITDA				4,538	7,202	21,757	36,149
EPS, basic	9.80	13.83	37.85	18.60	25.78	56.00	21.67	3.31
EPS, diluted	9.80	13.83	37.85	18.60	25.78	56.00	21.67	3.31

Balance sheet

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	814	2,277	9,486	7,368	5,221	40,063	43,667	33,303	14,665	8,553
Short-term investments		694	4,416	3,223	1,388	6,202	9,623	13,223	3,725	578
Inventory		1,717	3,195	5,811	6,593	8,289	16,942	63,540	166,558	201,764
Total current assets		3,501	10,122	14,041	12,365	21,243	37,245	125,460	278,121	273,398
Property, plant and equipment		4,881	18,310	33,655	53,775	80,840	158,357	477,921	1,049,899	1,054,198
Lease right-of-use assets				0	838	1,316	1,880	7,124	5,545	3,176
Goodwill		39.3	16.6	25.5	34.7	52.4	102	318	692	692
Intangible assets		57	225	336	171	290	563	1,463	3,453	2,897
Total assets		8,962	29,526	50,558	75,726	107,087	204,243	631,826	1,391,172	1,408,332
Accounts payable		2,226	3,487	7,466	11,891	8,140	15,342	55,117	124,681	93,591
Short-term debt		3,062	2,598	5,162	6,971	6,900	4,115	33,914	81,062	100,680
Total current liabilities		6,030	8,083	15,124	21,351	23,063	32,403	130,004	255,566	267,821
Lease liabilities					463	589	458	2,439	6,038	1,798
Total liabilities		7,831	15,395	25,094	35,799	38,574	62,998	270,757	750,464	615,210
Total debt		4,339	6,443	9,173	12,538	9,722	4,892	64,680	320,919	170,901
Paid-in capital		184	4,941	6,373	8,676	13,096	13,096
Retained earnings		460	5,782	8,366	5,227	17,133	12,829	6,037	14,973	153,810
Shareholders' equity		740	13,138	23,350	36,890	68,104	140,918	360,462	640,747	793,344
Minority interests		390	993	2,115	3,037	409	327	607	-39.1	-222
Total equity	9,446	13,022	29,594	52,327	117,394	415,603	957,826	786,276	640,707	793,122
Total liabilities and equity		8,962	29,526	50,558	75,726	107,087	204,243	631,826	1,391,172	1,408,332

Cash flow statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	352	1,287	5,658	4,085	8,310	33,466	38,484	12,253	21,081	153,627
Depreciation and amortization	334	1,798	2,680	3,728	5,517	11,725	36,149	90,042	70,101	62,626
Cash from operations	1,383	3,673	7,810	8,584	16,359	35,945	91,293	212,676	185,165	124,718
Capital expenditures	-473	-1,639	-3,410	-6,990	-24,069	-28,341	-42,996	-69,192	-78,511	-73,048
Cash from investing	-489	-1,313	-3,429	-8,846	-24,184	-4,607	-53,654	-31,987	-78,015	-72,894
Debt issued	829	3,254	7,379	2,895	19,513	37,317	7,586	350,637	151,278	330,131
Debt repaid	-1,262	-1,631	-8,772	-4,484	-5,731
Stock issued			4,373
Dividends paid	-0.02	-2,120	-1,187			-7,856
Cash from financing	-850	-1,681	480	-4,838	2,909	-38,448	-53,136	-168,053	-89,469	-48,266
Exchange rate effect	23.6	39.9	162	1,450	397	12,838	6,800	1,547	14,243	363
Free cash flow	911	2,034	4,400	1,593	-7,710	7,604	48,297	143,484	106,654	51,670

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	26.7%	Gross profit / revenue.
Pre-tax margin	35.7%	Pre-tax income / revenue.
Net margin	22.0%	Net income / revenue.
FCF margin	7.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	17.8%	Cash from operations / revenue.
Effective tax rate	38.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	21.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	11.0%	Net income / average total assets.
SG&A / revenue	10.5%	Selling, general and administrative expense / revenue.
Capex / revenue	10.4%	Capital expenditures / revenue.
D&A / revenue	9.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-23.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	16.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	57.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-18.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	9.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	56.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	585.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	56.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	81.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-32.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	11.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	50.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-51.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	2.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	23.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	77.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	84.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	90.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	79.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.02x	Current assets / current liabilities.
Quick ratio	0.03x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.03x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.22x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	12.1%	Total debt / total assets.
Liabilities / assets	43.7%	Total liabilities / total assets.
Net debt	ARS 161.77B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	ARS 5.58B	Current assets - current liabilities.
Goodwill and intangibles / assets	0.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	ARS 789.75B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.50x	Revenue / average total assets.
Fixed asset turnover	0.66x	Revenue / average property, plant and equipment.
Inventory turnover	2.78x	Cost of revenue / average inventory.
Days inventory	131 days	365 x average inventory / cost of revenue.
Days payables	78 days	365 x average accounts payable / cost of revenue.
FCF conversion	33.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	58.6%	Capital expenditures / cash from operations, when that is positive.

What was Loma Negra Compania Industrial Argentina Sociedad Anonima's revenue in fiscal 2024?

Loma Negra Compania Industrial Argentina Sociedad Anonima reported revenue of ARS 699.18B for fiscal 2024, 23.9% lower than the year before.

Was Loma Negra Compania Industrial Argentina Sociedad Anonima profitable in fiscal 2024?

Yes. Net income was ARS 153.81B, a net margin of 22%.

How much free cash flow did Loma Negra Compania Industrial Argentina Sociedad Anonima generate in fiscal 2024?

Cash from operations of ARS 124.72B minus capital expenditures of ARS 73.05B left free cash flow of ARS 51.67B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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