EPM First-Half 2026 Net Income Dips 4% Year-on-Year

Medellin-based multinational electric power and public-utilities giant Grupo EPM announced August 4 that its first half (1H) 2026 net income slipped 4% year-on-year, to COP$2 trillion (US$629 million), from COP$2.5 trillion (US$786 million) in 1H 2025.

Despite the profits decline, 1H 2026 revenues actually increased 8% year-on-year, to COP$19.2 trillion (US$6.04 billion), while earnings before interest, taxes, depreciation and amortization (EBITDA were basically flat year-on-year, at COP$3.7 trillion (US$1.1 billion), according to the company.

“In the first half of 2026, the EPM Group generated COP$11 trillion [US$3.46 billion] in added value, resulting from the provision of public services and the investments it makes in the regions where it operates,” according to the company.

“Of this amount, COP$2 trillion [US$629 million] was allocated to the government and communities through taxes, fees, contributions, and social programs.

“An additional COP$2.8 trillion [US$880 million] was reinvested in the [subsidiary] companies to strengthen infrastructure and support business continuity. In turn, COP$1.5 trillion [US$471 million] was allocated to employee salaries, reflecting the contribution to the income of thousands of households,” including those in the city of Medellin, which owns EPM.

Boosting results this year included the sale of EPM’s former 50% share in internet-telecom giant UNE-EPM and the strengthening Colombian peso against the U.S. dollar, according to the company.

On the other hand, “higher costs resulting from the increase in the minimum wage, wealth tax, and commercial operating costs due to the onset of the El Niño phenomenon” undercut profit and EBITDA results so far this year, the company noted.

“Diversification of the business portfolio continued to be a key element for the EPM Group’s financial strength and the efficient management of its resources. Electric power generation led the contribution to EBITDA at 40%, supported by efficient hydroelectric and thermal operations.

“Power distribution accounted for 35%, driven by the scale of operations and the broad customer base served. Water, sewerage, wastewater, and solid waste services contributed 20% of EBITDA, while power transmission accounted for 4% and natural gas for 1%,” the company added.

“Colombia contributed 80% of EBITDA, followed by Guatemala with 8%, Chile and Panama with 5% each, El Salvador with 1%, and Mexico and Bermuda with the remaining 1%”

Meanwhile, EPM’s debt/EBITDA ratio “remained below the limit, while debt service coverage exceeded three times . . . figures that demonstrate the Group’s ability to meet its financial obligations on time and preserve our long-term sustainability,” the company added.