Grupo IMSA 2Q 2025 Profits Dip 45% Year-on-Year

Medellin-based multinational specialty chemicals and consumer-products vendor Grupo IMSA reported August 15 that its second quarter (2Q) net income declined 45% year-on-year, to COP$4.8 billion (US$1.2 million), from COP$8.7 billion (US$2.16 million) in 2Q 2024.

Revenues also dipped 16% year-on-year, to COP$74 billion (US$18 million) in 2Q 2025 versus COP$88 billion (US$22 million) in 2Q 2024, but earnings before interest, taxes, depreciation and amortization (EBITDA) actually improved 14% year-on-year, to COP$9.17 billion (US$2.3 million), according to the company.

“IMSA’s investments are primarily in the composite materials and polyester sectors in Brazil, mass consumer products in Colombia, and the management of some real estate for investment and development purposes in Colombia,” according to the company.

So far this year, 50% of IMSA’s sales correspond to consumer-products division MCM, another 44% to the composite materials and polyester business unit in Brazil, and the remainder in investment income.

“At the end of June, the Group maintained its net-negative financial debt, meaning we had higher levels of cash and temporary investments than financial debt, totaling COP$141 billion [US$35 milion]. Total liabilities represented 19% of ourtotal assets, compared to 15% in first-half of 2024,” according to the company.

“This favorable cash position for the company and its businesses allows us to continue with the planned capital expenditure (CAPEX) plan for the year, which includes the urban development of the group’s properties, the installation of solar panels at the MCM plant, the expansion of production capacities to meet the business’s strategic plans, and ongoing investments in asset maintenance and occupational health and safety, with a budget exceeding COP$30 billion [US$7.46 million],” the company added.