EPM First-Half 2025 Net Income Falls 13.8% Year-on-Year

Medellin-based multinational electric power and public-utilities giant Grupo EPM announced August 5 that its first half (1H) 2025 net income fell 13.8% year-on-year, to COP$2.5 trillion (US$611 million), from COP$2.9 trillion (US$708 million) in 1H 2024.

Revenues for 1H 2025 dipped 5% year-on-year, to COP$19 trillion (US$4.6 billion), while earnings before interest, taxes, depreciation and amortization (EBITDA) fell 11%, to COP$5.6 trillion (US$1.37 billion).

During 1H 2025, EPM’s electric-power generation division accounted for 40% of earnings, while electric-power distribution accounted for another 43%, according to the company.

EPM’s drinking water, wastewater and solid-waste management divisions accounted for another 11%, while natural-gas sales delivered 2% to earnings.

Despite the year-on-year decline in revenues and earnings, “EPM group’s debt-to-EBITDA ratio was below the 3.5 threshold of our contractual debt covenant,” while its debt service coverage ratio “reflects a solid financial position, allowing us to timely meet our credit commitments and maintain a debt level aligned with desired risk standards,” according to the company, which is 100% owned by the city of Medellin.

During 1H 2025, EPM Group “generated added value of COP$9.6 trillion [US$2.3 billion],” of which “COP$1.44 trillion [US$352 million] were transferred to governments and communities through the payment of taxes, fees, and contributions at the national, district, and municipal levels, and to the implementation of environmental programs and community projects,” according to the company.

Another 29% of that COP$9.6 trillion total went to “suppliers of goods and services and financial providers, while 23% was reinvested in the company. Another 15% went to creation of direct and indirect jobs,” according to the company.

Of that total, EPM transferred COP$1.65 trillion (US$403 million) to the city of Medellín.

During 1H 2025, EPM invested COP$1.9 trillion (US$464 million) in infrastructure projects throughout its operating territories, which include Colombia, Chile, El Salvador, Guatemala, Mexico and Panama.

Those investments included COP$386 billion (US$94 million) for its continuing works to complete the US$5 billion, 2.4-gigawatt “Hidroituango” hydroelectric plant here in Antioquia, another COP$1 trillion (US$244 million) in powwer distribution and marketing projects, COP$29 billion (US$71 million) in natural gas distribution projects and COP$444 billion (US$108 million) in water, wastewater and solid-waste management projects, the company added.