Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) Cash Flow Statement
Where LOMA’s cash came from and went, 2025
December 31, 2025 · Argentine pesos- Cash from operations
- ARS 32.60B −73.9% vs 2024
- Capital expenditures
- ARS 73.27B 7.4% of revenue
- Free cash flow
- −ARS 40.66B −4.1% margin
- Returned to shareholders
- ARS 3.5M
- Change in cash
- −ARS 1.47B cash at year-end ARS 9.76B
Cash from operations
ARS 32.60B
Capital expenditures
−ARS 73.27B
Investments (net)
+ARS 681.1M
Acquisitions & other
−ARS 5.14B
Net borrowing (repayment)
+ARS 58.82B
Other financing
+ARS 9.71B
Currency & other
−ARS 24.87B
Change in cash
−ARS 1.47B
Drawn to scale: where the cash came from and how it was used. Hover for values.
LOMA operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
LOMA cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ARS 1.61B2016 | ARS 32.60B2025 | +39.7%/yr | |
| Capital expenditures | ARS 669.4M2016 | ARS 73.27B2025 | +68.5%/yr | |
| Free cash flow | ARS 943.6M2016 | −ARS 40.66B2025 | — | |
| Free cash flow margin | 9.6%2016 | −4.1%2025 | −13.7 pts | |
| Operating cash flow / net income | 3.212016 | 1.192025 | −2.03 | |
| Stock-based compensation | −ARS 38.7M2016 | ARS 02025 | — | |
| Dividends paid | ARS 853.1M2016 | ARS 3.5M2025 | −45.7%/yr | |
| Share buybacks (net) | ARS 02016 | ARS 02025 | — | |
| Capex / revenue | 6.8%2016 | 7.4%2025 | +0.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LOMA cash flow by activity
OperatingInvestingFinancingChange in cash
LOMA net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
LOMA cash flow statement in Argentine pesos
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | ARS 27.48B | ARS 153.63B | ARS 21.08B | ARS 1.81B | ARS 38.48B | ARS 11.38B | ARS 87.1M | ARS 1.95B | ARS 1.70B | ARS 502.0M |
| Depreciation & amortization | ARS 99.64B | ARS 62.63B | ARS 70.10B | ARS 13.28B | ARS 36.15B | ARS 3.99B | ARS 5.52B | ARS 2.12B | ARS 625.9M | ARS 509.1M |
| Stock-based compensation | ARS 0 | ARS 683.0M | ARS 862.2M | ARS 63.0M | ARS 241.9M | −ARS 7.77B | −ARS 2.02B | −ARS 856.0M | ARS 24.1M | −ARS 38.7M |
| Change in working capital | −ARS 24.94B | −ARS 15.78B | ARS 30.15B | −ARS 8.05B | −ARS 1.14B | −ARS 937.0M | ARS 7.6M | −ARS 366.0M | −ARS 248.7M | −ARS 211.8M |
| Other non-cash items | −ARS 69.58B | −ARS 76.44B | ARS 62.97B | ARS 24.26B | ARS 17.56B | ARS 4.72B | −ARS 3.45B | ARS 1.33B | ARS 1.12B | ARS 852.3M |
| Cash from operating activities | ARS 32.60B | ARS 124.72B | ARS 185.16B | ARS 31.36B | ARS 91.29B | ARS 11.39B | ARS 138.5M | ARS 4.18B | ARS 3.22B | ARS 1.61B |
| Investing activities | ||||||||||
| Capital expenditures | −ARS 73.27B | −ARS 73.73B | −ARS 79.97B | −ARS 10.31B | −ARS 43.62B | −ARS 9.69B | −ARS 330.3M | −ARS 4.18B | −ARS 1.27B | −ARS 669.4M |
| Investments (net) | ARS 681.1M | −ARS 72.89B | −ARS 12.63B | −ARS 4.72B | −ARS 2.31B | −ARS 1.43B | −ARS 11.83B | −ARS 4.22B | −ARS 1.26B | −ARS 463.0M |
| Acquisitions & other investing | −ARS 5.14B | ARS 73.73B | ARS 14.58B | ARS 10.31B | −ARS 7.72B | ARS 9.69B | ARS 11.83B | ARS 1.91B | ARS 303.5M | ARS 669.4M |
| Cash from investing activities | −ARS 77.72B | −ARS 72.89B | −ARS 78.01B | −ARS 4.72B | −ARS 53.65B | −ARS 1.43B | −ARS 330.9M | −ARS 6.50B | −ARS 2.23B | −ARS 463.0M |
| Financing activities | ||||||||||
| Dividends paid | −ARS 3.5M | ARS 0 | −ARS 189.12B | −ARS 21.81B | −ARS 21.81B | −ARS 2.66B | −ARS 2.66B | −ARS 2.66B | −ARS 442.9M | −ARS 853.1M |
| Share repurchases & issuance (net) | ARS 0 | −ARS 594.8M | ARS 279.5M | −ARS 1.80B | −ARS 14.48B | ARS 0 | ARS 0 | ARS 0 | ARS 2.41B | ARS 1.87B |
| Net borrowing (repayment) | ARS 58.82B | ARS 13.92B | ARS 218.05B | ARS 3.58B | −ARS 5.80B | −ARS 4.93B | ARS 6.14B | −ARS 2.26B | −ARS 905.7M | ARS 757.0M |
| Shares issued | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 |
| Other financing | ARS 9.71B | −ARS 61.59B | −ARS 118.69B | −ARS 4.76B | −ARS 11.05B | −ARS 2.91B | −ARS 3.35B | ARS 2.53B | −ARS 764.0M | −ARS 2.47B |
| Cash from financing activities | ARS 68.52B | −ARS 48.27B | −ARS 89.47B | −ARS 24.78B | −ARS 53.14B | −ARS 10.50B | ARS 127.1M | −ARS 2.39B | ARS 297.8M | −ARS 696.7M |
| Summary | ||||||||||
| Net change in cash | −ARS 1.47B | −ARS 6.11B | −ARS 18.64B | −ARS 1.53B | −ARS 20.01B | ARS 2.60B | ARS 8.2M | −ARS 1.79B | ARS 2.38B | ARS 474.9M |
| Cash at end of period | ARS 9.76B | ARS 8.55B | ARS 14.66B | ARS 4.91B | ARS 20.05B | ARS 4.38B | ARS 29.7M | ARS 2.90B | ARS 3.18B | ARS 803.3M |
| Free cash flow | −ARS 40.66B | ARS 50.98B | ARS 105.20B | ARS 21.05B | ARS 47.67B | ARS 1.70B | −ARS 191.8M | −ARS 3.0M | ARS 1.95B | ARS 943.6M |
| Free cash flow margin | −4.1% | 7.3% | 11.4% | 2.1% | 10.7% | 1.4% | −0.3% | −0.0% | 12.7% | 9.6% |
| Capex / revenue | 7.4% | 10.5% | 8.7% | 1.0% | 9.8% | 7.9% | 0.5% | 15.6% | 8.3% | 6.8% |
| Operating cash flow / net income | 1.19 | 0.81 | 8.78 | 17.36 | 2.37 | 1.00 | 1.59 | 2.14 | 1.89 | 3.21 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | ARS 7.04B | ARS 40.63B | ARS 6.31B | −ARS 8.59B | ARS 385.0M | ARS 21.25B | ARS 22.4M | ARS 22.2M | ARS 33.5M | ARS 79.06B | −ARS 21.3M | ARS 7.50B |
| Depreciation & amortization | ARS 29.35B | ARS 21.17B | ARS 19.58B | — | ARS 17.90B | ARS 14.39B | ARS 15.88B | ARS 10.85B | ARS 19.25B | ARS 15.71B | ARS 15.56B | ARS 5.83B |
| Stock-based compensation | — | — | — | — | ARS 0 | ARS 0 | ARS 257.0M | ARS 181.2M | ARS 94.0M | ARS 157.0M | ARS 289.3M | ARS 15.0M |
| Change in working capital | −ARS 17.97B | −ARS 29.09B | ARS 21.14B | ARS 8.66B | −ARS 9.10B | −ARS 30.35B | ARS 8.0M | ARS 25.5M | −ARS 22.9M | −ARS 36.41B | ARS 274.5M | ARS 1.26B |
| Other non-cash items | −ARS 328.0M | −ARS 13.00B | ARS 9.33B | ARS 31.87B | −ARS 31.46B | −ARS 6.62B | −ARS 16.12B | −ARS 11.02B | −ARS 19.36B | −ARS 70.58B | −ARS 16.05B | ARS 2.0M |
| Cash from operating activities | ARS 18.10B | ARS 19.71B | ARS 56.36B | ARS 31.94B | −ARS 22.27B | −ARS 1.33B | ARS 47.0M | ARS 56.8M | −ARS 2.7M | −ARS 12.06B | ARS 57.0M | ARS 14.61B |
| Investing activities | ||||||||||||
| Capital expenditures | −ARS 10.04B | −ARS 11.79B | −ARS 20.67B | −ARS 14.60B | −ARS 18.04B | −ARS 11.64B | −ARS 26.2M | −ARS 23.3M | −ARS 20.4M | −ARS 13.72B | −ARS 81.6M | −ARS 5.05B |
| Investments (net) | ARS 0 | −ARS 385.0M | ARS 48.97B | −ARS 61.94B | −ARS 18.44B | −ARS 11.32B | −ARS 25.25B | −ARS 17.63B | −ARS 16.65B | −ARS 8.54B | −ARS 24.39B | −ARS 4.31B |
| Acquisitions & other investing | ARS 157.0M | ARS 188.0M | ARS 9.70B | ARS 14.60B | ARS 18.04B | ARS 11.64B | ARS 25.25B | ARS 17.63B | ARS 16.65B | ARS 8.95B | ARS 24.39B | ARS 3.21B |
| Cash from investing activities | −ARS 9.88B | −ARS 11.98B | ARS 38.00B | −ARS 61.94B | −ARS 18.44B | −ARS 11.32B | −ARS 26.3M | −ARS 23.0M | −ARS 20.8M | −ARS 13.31B | −ARS 82.9M | −ARS 6.15B |
| Financing activities | ||||||||||||
| Dividends paid | ARS 0 | −ARS 1.1M | −ARS 1.1M | −ARS 2.0M | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | −ARS 79.1M | −ARS 17.54B |
| Share repurchases & issuance (net) | — | — | ARS 0 | ARS 0 | ARS 0 | ARS 0 | −ARS 30,882 | −ARS 55,229 | −ARS 73,012 | −ARS 646.0M | ARS 0 | ARS 0 |
| Net borrowing (repayment) | −ARS 24.09B | ARS 28.16B | −ARS 80.61B | ARS 74.28B | ARS 55.34B | ARS 20.21B | −ARS 22.12B | −ARS 45.81B | — | — | — | ARS 26.42B |
| Shares issued | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 |
| Other financing | −ARS 6.15B | −ARS 12.12B | −ARS 54.51B | ARS 0 | −ARS 9.74B | −ARS 5.25B | ARS 22.10B | ARS 45.79B | ARS 20.3M | ARS 25.67B | ARS 47.5M | −ARS 28.69B |
| Cash from financing activities | −ARS 30.24B | ARS 16.04B | −ARS 135.12B | ARS 74.28B | ARS 45.60B | ARS 14.97B | −ARS 25.6M | −ARS 21.5M | ARS 20.2M | ARS 25.03B | −ARS 31.6M | −ARS 19.81B |
| Summary | ||||||||||||
| Net change in cash | −ARS 21.10B | ARS 12.02B | −ARS 2.27B | ARS 49.86B | ARS 4.63B | ARS 1.34B | −ARS 436,748 | ARS 5.0M | −ARS 1.5M | −ARS 6.86B | −ARS 27.4M | −ARS 11.57B |
| Cash at end of period | ARS 28.44B | ARS 46.40B | ARS 9.76B | ARS 66.70B | ARS 15.89B | ARS 10.62B | ARS 7.7M | ARS 8.2M | ARS 3.1M | ARS 9.06B | ARS 6.2M | ARS 20.91B |
| Free cash flow | ARS 8.06B | ARS 7.93B | ARS 35.69B | ARS 17.34B | −ARS 40.31B | −ARS 12.97B | ARS 20.7M | ARS 33.5M | −ARS 23.1M | −ARS 25.78B | −ARS 24.5M | ARS 9.56B |
| Free cash flow margin | 3.4% | 3.6% | 15.7% | 8.3% | −23.1% | −7.9% | 0.0% | 0.0% | −0.0% | −14.4% | −0.0% | 4.2% |
| Capex / revenue | 4.2% | 5.4% | 9.1% | 7.0% | 10.3% | 7.1% | 0.0% | 0.0% | 0.0% | 7.7% | 0.0% | 2.2% |
| Operating cash flow / net income | 2.57 | 0.49 | 8.94 | — | −57.85 | −0.06 | 2.09 | 2.56 | −0.08 | −0.15 | — | 1.95 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Argentine pesos as reported; data from EODHD.
LOMA cash generation
In fiscal 2025 (ended December 31, 2025), Loma Negra Compañía Industrial Argentina Sociedad Anónima generated ARS 32.6 billion of cash from operations (down 73.9%) and spent ARS 73.3 billion on capital expenditures, leaving free cash flow of -ARS 40.7 billion, −4.1% of revenue. It returned ARS 3.5 million to shareholders through dividends (ARS 3.5 million) and net share buybacks (ARS 0). Cash and equivalents fell by ARS 1.5 billion over the year.
Related: LOMA income statement, LOMA balance sheet. See the LOMA stock overview for the latest quote and news.
LOMA cash flow FAQ
What is Loma Negra Compañía Industrial Argentina Sociedad Anónima's free cash flow?
Loma Negra Compañía Industrial Argentina Sociedad Anónima's free cash flow was -ARS 40.7 billion in fiscal 2025: ARS 32.6 billion of operating cash flow minus ARS 73.3 billion of capital expenditures It was ARS 51.0 billion a year earlier..
How much cash does Loma Negra Compañía Industrial Argentina Sociedad Anónima generate from operations?
Loma Negra Compañía Industrial Argentina Sociedad Anónima generated ARS 32.6 billion of cash from operating activities in fiscal 2025, 1.19 times its net income of ARS 27.5 billion.
How much does Loma Negra Compañía Industrial Argentina Sociedad Anónima spend on capital expenditures?
Loma Negra Compañía Industrial Argentina Sociedad Anónima spent ARS 73.3 billion on capital expenditures in fiscal 2025, 7.4% of revenue, compared with ARS 73.7 billion the year before.
How much does Loma Negra Compañía Industrial Argentina Sociedad Anónima pay in dividends?
Loma Negra Compañía Industrial Argentina Sociedad Anónima paid ARS 3.5 million in dividends in fiscal 2025.