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Metalfor reports 26.484 billion peso loss, slashes farm machinery output by 78%
🇦🇷 Argentina /Economy & Trade

Metalfor reports 26.484 billion peso loss, slashes farm machinery output by 78%

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Metalfor reported a loss of 26.484 billion pesos in the first half of 2026, a stark contrast to its profit in the same period last year.
  • The company's production of new agricultural machinery dropped by 78% due to financial difficulties, including limited credit lines and supplier restrictions.
  • Metalfor cited a loss of confidence and organizational crisis as factors hindering its ability to convert demand into delivered machines and available cash.

Metalfor, a manufacturer of agricultural machinery based in Marcos Juárez, Córdoba, has reported a significant financial downturn, with losses totaling 26.484 billion pesos in the first half of 2026. This figure starkly contrasts with the 11.870 billion peso profit the company achieved in the same period last year. The company's production has also been severely impacted, with a 78% reduction in the number of new equipment units manufactured.

During 2026, the deterioration of the company's financial position accelerated.

— MetalforMetalfor's statement describing the problems affecting its operations.

The company's financial statements, approved by its board and submitted to the National Securities Commission (CNV) and the Electronic Open Market, reveal a "deterioration of the company's financial position." Metalfor attributes this decline to several factors, including financial institutions reducing their exposure, limited access to working capital, and suppliers restricting deliveries. The company also experienced an increase in bounced checks and a loss of confidence from stakeholders.

These financial challenges have cascaded into an "organizational crisis," Metalfor stated. The lack of funds has made it difficult to procure materials and pay salaries, further reducing production capacity. The company acknowledges having potential demand and a viable product but emphasizes the urgent need to restore confidence and financial flow to convert opportunities into tangible sales and cash.

The financial crisis subsequently transformed into an organizational crisis.

— MetalforMetalfor's explanation of how financial difficulties impacted its operations.

Despite securing significant business deals at Expoagro, the positive trend did not continue in the following months, nor was it sustained during Agroactiva. This, coupled with the ongoing financial restrictions, resulted in a complex quarter with negative profitability. The operational result was a loss of 10.508 billion pesos, compared to a profit of 19.971 billion pesos in the first half of 2025. Additional financial and holding losses of 16.356 billion pesos further deepened the company's deficit.

Metalfor has potential demand and product, but today needs to restore the confidence and flow that allow converting opportunities into delivered machines and available cash.

— MetalforMetalfor's assessment of its current business challenges and needs.
DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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