Reported Earnings • May 18
First quarter 2026 earnings released: EPS: AR$2.91 (vs AR$0.70 in 1Q 2025) First quarter 2026 results: EPS: AR$2.91 (up from AR$0.70 in 1Q 2025). Revenue: AR$168.4b (up 22% from 1Q 2025). Net income: AR$20.6b (up 319% from 1Q 2025). Profit margin: 12% (up from 3.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Announcement • Mar 17
Sociedad Comercial del Plata S.A., Annual General Meeting, Apr 29, 2026 Sociedad Comercial del Plata S.A., Annual General Meeting, Apr 29, 2026. Location: held remotely, Argentina Reported Earnings • Mar 16
Full year 2025 earnings released: AR$9.97 loss per share (vs AR$9.49 profit in FY 2024) Full year 2025 results: AR$9.97 loss per share (down from AR$9.49 profit in FY 2024). Revenue: AR$656.0b (up 17% from FY 2024). Net loss: AR$58.2b (down 189% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 13
Third quarter 2025 earnings released: AR$1.59 loss per share (vs AR$5.54 loss in 3Q 2024) Third quarter 2025 results: AR$1.59 loss per share (improved from AR$5.54 loss in 3Q 2024). Revenue: AR$150.2b (up 16% from 3Q 2024). Net loss: AR$9.07b (loss narrowed 77% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 184 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2025 earnings released: AR$2.61 loss per share (vs AR$2.26 profit in 2Q 2024) Second quarter 2025 results: AR$2.61 loss per share (down from AR$2.26 profit in 2Q 2024). Revenue: AR$142.6b (down 2.8% from 2Q 2024). Net loss: AR$26.8b (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 106% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to AR$174, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 10x in the Oil and Gas industry in Argentina. Total returns to shareholders of 1,968% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to AR$138, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 8x in the Oil and Gas industry in Argentina. Total returns to shareholders of 1,780% over the past three years. New Risk • Apr 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Mar 26
Sociedad Comercial del Plata S.A., Annual General Meeting, Apr 16, 2025 Sociedad Comercial del Plata S.A., Annual General Meeting, Apr 16, 2025. Location: 1320 esmeralda street, 7th floor a, buenos aires Argentina Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to AR$194, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 14x in the Oil and Gas industry in Argentina. Total returns to shareholders of 2,549% over the past three years. New Risk • Mar 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: AR$21.30 (vs AR$9.66 loss in FY 2023) Full year 2024 results: EPS: AR$21.30 (up from AR$9.66 loss in FY 2023). Revenue: AR$559.4b (up 115% from FY 2023). Net income: AR$65.7b (up AR$96.0b from FY 2023). Profit margin: 12% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 175% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AR$171, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 8x in the Oil and Gas industry in South America. Total returns to shareholders of 2,491% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AR$233, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 8x in the Oil and Gas industry in South America. Total returns to shareholders of 3,996% over the past three years. Reported Earnings • Nov 14
Third quarter 2024 earnings released: AR$12.44 loss per share (vs AR$0.55 profit in 3Q 2023) Third quarter 2024 results: AR$12.44 loss per share (down from AR$0.55 profit in 3Q 2023). Revenue: AR$129.9b (up 185% from 3Q 2023). Net loss: AR$39.0b (down AR$40.7b from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 251% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
Lamb Weston Holdings, Inc. (NYSE:LW) acquired remaining 10% stake in Lamb Weston Alimentos Modernos S.A. from Sociedad Comercial del Plata S.A. (BASE:COME). Lamb Weston Holdings, Inc. (NYSE:LW) acquired remaining 10% stake in Lamb Weston Alimentos Modernos S.A. from Sociedad Comercial del Plata S.A. (BASE:COME) on October 9, 2024.
Lamb Weston Holdings, Inc. (NYSE:LW) completed the acquisition of remaining 10% stake in Lamb Weston Alimentos Modernos S.A. from Sociedad Comercial del Plata S.A. (BASE:COME) on October 9, 2024. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: AR$0.08 (vs AR$1.69 in 2Q 2023) Second quarter 2024 results: EPS: AR$0.08 (down from AR$1.69 in 2Q 2023). Revenue: AR$117.2b (up 149% from 2Q 2023). Net income: AR$968.4m (down 81% from 2Q 2023). Profit margin: 0.8% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 275% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AR$244, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 11x in the Oil and Gas industry in South America. Total returns to shareholders of 5,719% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AR$196, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 11x in the Oil and Gas industry in South America. Total returns to shareholders of 5,732% over the past three years. New Risk • Mar 24
New major risk - Revenue and earnings growth Earnings have declined by 7.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.5% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (119% payout ratio). Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AR$88.35, the stock trades at a trailing P/E ratio of 72.6x. Average trailing P/E is 66x in the Oil and Gas industry in Argentina. Total returns to shareholders of 4,201% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AR$59.45, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 7x in the Oil and Gas industry in Argentina. Total returns to shareholders of 2,509% over the past three years. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to AR$49.50, the stock trades at a trailing P/E ratio of 19.2x. Average forward P/E is 6x in the Oil and Gas industry in Argentina. Total returns to shareholders of 2,040% over the past three years. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AR$48.30, the stock trades at a trailing P/E ratio of 18.7x. Average forward P/E is 6x in the Oil and Gas industry in Argentina. Total returns to shareholders of 1,949% over the past three years. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AR$44.85, the stock trades at a trailing P/E ratio of 17.4x. Average forward P/E is 6x in the Oil and Gas industry in Argentina. Total returns to shareholders of 1,624% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to AR$47.10, the stock trades at a trailing P/E ratio of 17.1x. Average forward P/E is 6x in the Oil and Gas industry in Argentina. Total returns to shareholders of 2,077% over the past three years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AR$42.90, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 6x in the Oil and Gas industry in Argentina. Total returns to shareholders of 2,121% over the past three years. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: AR$2.07 (vs AR$0.33 in FY 2021) Full year 2022 results: EPS: AR$2.07 (up from AR$0.33 in FY 2021). Revenue: AR$91.3b (up 88% from FY 2021). Net income: AR$6.47b (up AR$5.43b from FY 2021). Profit margin: 7.1% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 175% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AR$22.80, the stock trades at a trailing P/E ratio of 18.2x. Average forward P/E is 7x in the Oil and Gas industry in South America. Total returns to shareholders of 2,579% over the past three years. Price Target Changed • Nov 16
Price target increased to AR$16.80 Up from AR$13.00, the current price target is provided by 1 analyst. New target price is 5.0% above last closing price of AR$16.00. Stock is up 176% over the past year. The company posted earnings per share of AR$0.33 last year. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Vice President of Board Pablo José Lozada was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: AR$0.53 (vs AR$0.41 loss in 2Q 2021) Second quarter 2022 results: EPS: AR$0.53 (up from AR$0.41 loss in 2Q 2021). Revenue: AR$16.2b (up 33% from 2Q 2021). Net income: AR$1.64b (up AR$2.92b from 2Q 2021). Profit margin: 10% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 73%, compared to a 26% growth forecast for the Oil and Gas industry in Argentina. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 157% per year, which means it is well ahead of earnings. Price Target Changed • Apr 27
Price target increased to AR$11.70 Up from AR$2.02, the current price target is provided by 1 analyst. New target price is 30% above last closing price of AR$9.01. Stock is up 265% over the past year. The company posted earnings per share of AR$0.33 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Vice Chairman of the Board Pablo Arnaude was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to AR$8.38, the stock trades at a trailing P/E ratio of 12.7x. Average forward P/E is 6x in the Oil and Gas industry in South America. Total returns to shareholders of 481% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AR$4.08, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 24x in the Oil and Gas industry in South America. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 18% share price gain to AR$3.90, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 24x in the Oil and Gas industry in South America. Total returns to shareholders of 153% over the past three years. Is New 90 Day High Low • Jan 18
New 90-day low: AR$2.34 The company is down 17% from its price of AR$2.83 on 20 October 2020. The Argentinean market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 35% over the same period. Analyst Estimate Surprise Post Earnings • Dec 16
Revenue beats expectations Revenue exceeded analyst estimates by 25%. Over the next year, revenue is forecast to grow 44%, compared to a 60% growth forecast for the Oil and Gas industry in Argentina. Reported Earnings • Dec 12
Third quarter 2020 earnings released: EPS AR$0.15 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: AR$7.13b (up 42% from 3Q 2019). Net income: AR$494.2m (up AR$1.45b from 3Q 2019). Profit margin: 6.9% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 31
New 90-day low: AR$2.38 The company is down 3.0% from its price of AR$2.45 on 31 July 2020. The Argentinean market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 14% over the same period. 
