UNE-EPM (Tigo) Net Loss for 2Q 2025 Worsens Year-on-Year
Medellin-based telecom-internet-cable-TV giant UNE-EPM – half-owner of the “Tigo” network in Colombia (along with partner Millicom Spain) – on August 19 posted a second quarter (2Q) 2025 net loss of COP$59.6 billion (US$14.7 million) — worse than the COP$34 billion (US$8.4 million) net loss in 2Q 2024.
Revenues rose 3.4% year-over-year in 2Q 2025, to COP$1.39 trillion (US$344 million), versus COP$1.34 trillion (US$332 million) in 2Q 2024.
Despite the poor 2Q 2025 results, for first half (1H) 2025, UNE-EPM nevertheless has achieved a net profit of COP$129 billion (US$32 million) — a big reversal from the COP$129 billion (US$32 million) net loss in 1H 2024.
Revenues for 1H 2025 also are up 3% year-on-year, at COP$2.76 trillion (US$684 million) versus COP$2.68 trillion (US$664 million) in 1H 2024.
Commenting on the 2Q 2025 results, UNE-EPM noted that “compared to the second quarter of 2024, there was an increase in the company’s revenue — primarily from the home business segment (television, internet and landline telephone services) — due to commercial growth associated with new convergent offerings such as ‘Full Tigo’ and a decrease in discounts, and also from the corporate B2B segment in ‘cloud’ services.
“Furthermore, the company’s operating costs and expenses have continued to be reduced, generating a positive EBITDA (earnings before interest, taxes, depreciation and amortization) — higher in this indicator compared to the same quarter in 2024” — although the official filing fails to show the exact EBITDA numbers either for 2Q 2025 or 2Q 2024.
