Fabricato Posts Net Loss for 1Q 2026

Medellin-based textile giant Fabricato announced May 15 a first quarter (1Q) 2026 consolidated net loss of COP$556 million (US$152,000), down 114% year-on-year from a 1Q 2025 net profit of COP$4 billion (US$1.09 million).

Consolidated accumulated revenues from ordinary activities also fell 21% year-on-year, to COP$54 billion (US$14.8 million), compared to COP$69 billion (US$19 million) in 1Q 2025.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) for 1Q 2026 likewise fell 50% year-on-year, to COP$$6.5 billion (US$1.8 million), the company added.

The losses were blamed upon “a textile market with contracted demand both nationally and internationally,” according to Fabricato

“However, the company remains optimistic as it implements strategies in product innovation, circular economy, and process optimization that help improve its competitiveness and the period’s results,” the company added..

Accumulated textile revenues for 1Q 2026 fell 24% year-on-year, to COP$48.9 billion [US$13 million], according to the company.

“Textile net income as of March 2026 was a negative COP$3.9 billion [US$1.07 million], representing a 393% decrease compared to the same period in 2025,” according to Fabricato.

“Textile EBITDA as of March 2026 was COP$3.1 billion [US$850,000], a 69% decrease compared to the same period in 2025,” according to Fabricato.

As for its real-estate segment, “income from ordinary activities as of March 2026 was COP$5.2 billion [US$1.4 million] 41.8% higher than the same period in 2025,” according to the company.

“Real estate net income as of March 2026 was COP$3.4 billion [US$932,000], representing a 28% increase compared to the same period in 2025.

Consolidated operating costs as of March 2026 fell 18% year-on-year, “the result of the implementation of strategies in product innovation, the circular economy, and process optimization, which help improve market competitiveness,” according to Fabricato.

However, “due to weakening consumption of domestically produced textiles and garments, increased imports from Asian platforms, smuggling, and economic uncertainty, sales decreased by 10.7% between 4Q 2025 and 1Q 2026,” according to the company.

Meanwhile, Colombia’s Central Bank hiked interest rates by 200 basis points during the latest quarter, “which affects the consumption of domestically produced textiles, such as those we manufacture, and also increases the financial cost of the working capital required by the company,” according to Fabricato.