Celsia 2Q 2025 Net Income Falls 19.9% Year-on-Year
Medellin-based electric power giant Celsia (a division of Grupo Argos) announced August 11 that its second quarter (2Q) 2025 net income fell 19.9% year-on-year, to COP$111.7 billion (US$27.7 million), from COP$139 billion (US$34 million) in 2Q 2024.
Revenues fell 31.6%, to COP$1.3 trillion (US$323 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) declined 4.7%, to COP$442 billion (US$110 million), according to the company.
“The decrease is due to the fact that in 2024 there was greater generation from our Meriléctrica thermal power plant — due to the impact of the El Niño drought phenomenon [which cut sales from its lower-tariff-rate hydroelectric plants] — with a higher sales rate, and additionally, revenues from the climate derivatives and other risk management instruments,” according to Celsia.
Meanwhile, Celsia reported that during 2Q 2025, the company cut its cost of structural debt from 11.32% in March to 11.19% at the end of June.
“Additionally, the company presented specific initiatives that will allow for a COP$1.18 trillion [US$298 million] reduction in consolidated debt in the second half of this year,” according to Celsia
On a similar front, Celcia cited a 10% year-on-year reduction in Opex (operating costs and expenses) in 2Q 2025.
“In addition, specific projects have been identified with the potential to reduce Opex by up-to-COP$174 billion [US$43 million] in 2026 — COP$10 billion [US$2.48 million] more than the established goal,” according to the company.
