Cementos Argos stock reports 2.4 percent revenue growth in Q2

Published on 10/07/2026 at 06:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cementos Argos stock posted COP 280 billion in Q2 EBITDA, while its margin reached 21.2 percent. A new US platform targets COP-based growth.

Cementos Argos, COD38PA00046, Illustration mit AI erstellt.

Cementos Argos (ISIN COD38PA00046) increased consolidated revenue 2.4 percent year-over-year in the second quarter of 2026. The result came with EBITDA of COP 280 billion and a 21.2 percent margin, according to Yahoo Finance in the company call covering Q2 2026. Cementos Argos stock closed at COP 11,500.00 on October 6, 2026, down 1.37 percent on the BVC.

Revenue grows while EBITDA falls

The Q2 comparison is mixed rather than uniformly positive. Consolidated EBITDA declined 5 percent year-over-year, while the 21.2 percent margin was 175 basis points below the prior-year level, reflecting heavier plant maintenance during the first half, according to Yahoo Finance.

Operational performance was stronger in Colombia. Local cement volumes rose 10.5 percent and ready-mix volumes increased 15.9 percent during the quarter, while Colombia revenue grew 4 percent and regional EBITDA reached COP 201 billion, up 13 percent year-over-year, the call said.

US expansion adds a second driver

The strategic story extends beyond the quarterly margin. Cementos Argos is building an independent US aggregates platform with a target of USD 200 million to USD 300 million in EBITDA, while the Latin American platform is targeting USD 500 million toward 2030, reported El Fondo on September 26, 2026.

For investors, the key tension is visible in the numbers: revenue is expanding, but the quarterly EBITDA margin remains below the company guidance range of 24 percent to 26 percent. Management also reported adjusted net income of COP 154 billion for the quarter, with the full-year margin objective unchanged, according to Yahoo Finance.

Consensus points above the BVC price

The analyst picture is more constructive than the latest session. MarketScreener lists a Hold consensus from 11 analysts, with an average target of COP 12,743.00, a high target of COP 15,500.00 and a low target of COP 11,100.00, according to its consensus page at MarketScreener. The average target lies 10.81 percent above the October 6 BVC close.

Stock falls to COP 11,500

Cementos Argos stock closed at COP 11,500.00 on the BVC on October 6, 2026, down 1.37 percent. The market is weighing near-term margin pressure against the company's Colombia execution and its longer-term US platform ambitions.