Grupo IMSA Post 3Q 2025 Net Profit, Reversing Net Loss in 3Q 2024
Medellin-based diversified manufacturer-marketer Grupo IMSA on November 13 posted a third quarter (3Q) 2025 net profit of COP$60.8 million (US$162,000) — a reversal from a 3Q 2024 net loss of COP$6.5 billion (US$1.7 million).
Despite the profit gains, 3Q 2025 revenues from investment yields, rents and services actually fell by nearly half, to COP$2.4 billion (US$639,000) versus COPR$4.7 billion (US$1.2 million) in 3Q 2024.
As for nine-months 2025, cumulative revenues from ordinary activities also fell 38% year-on-year, to COP$72 billion (US$19 million), compared to COP$116 billion (US$31 million) in the comparable nine-months 2024.
Of those nine-months 2025 revenues, “50% corresponds to {consumer products marketer] MCM, [and] 45% to the composites and polyester business unit in Brazil,” according to the company.
“Analyzing the [nine-months] results in comparison with the accumulated figures for the second quarter of 2024 — that is, administratively excluding the companies divested in 2024 — EBITDA [earnings before interest, taxes, depreciation and amortization] stand at COP$14 billion [US$3.7 million], stable compared to the COP$14 billion for the same period in 2024.
“At the close of September, the Group maintained a negative net financial debt, meaning it had higher levels of cash and short-term investments than financial debt, totaling COP$133 billion [US$35 million]. Total liabilities represented 19% of total assets, compared to 15% in the same quarter of 2024.
“This favorable cash position allows the company and its businesses to continue with the planned capital expenditures for the year.
“This plan includes the urban development of the Group’s [real estate] properties, the installation of solar panels and automation at the MCM plant, the expansion of production capacity to meet strategic business plans, and ongoing investment in maintaining asset conditions and preserving occupational health and safety, with a budget exceeding COP$30 billion [US$8 million],” the company added.
At Grupo IMSA’s “MCM” division, this company “has continued to experience the partial materialization of the risk associated with the loss of a key client, due to the concentration of sales in certain clients within the ‘hard discount’ channel.
“In response, this business maintains its focus on developing new alternative channels, forging commercial alliances, and renewing and expanding its product portfolios.”
As for the Brazilian composite materials business, “due to some changes in legislation, especially the constant modifications to tax regulations and tariff policies implemented by various governments, there has been a slight materialization of the risk associated with regulatory changes that could directly impact the company’s business model,” according to IMSA.
As for the “Addimentum” food-additives business, “no new risks were identified for the company and its operations this quarter, and monitoring of previously identified risks continues,” the company added.
