Celsia 2Q 2026 Net Income Falls 33% Year-on-Year

Medellin-based multinational electric-power-generation giant Celsia announced August 10 that its second quarter (2Q) 2026 net income fell 33% year-on-year, to COP$82.5 billion (US$26 million), from COP$111.7 billion (US$37 million) in 2Q 2025.

Revenues for 2Q 2026 rose 2.7%, to COP$1.3 trillion (US$414 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) declined 12.6%, to COP$382 billion (US$121 million), from COP$442 billion (US$ million) in 2Q 2025, according to the company.

The revenue hike came from “higher demand in retail [electric power] sales (+8.9%) and network usage and connection (+3.5%), which offset lower energy generation at [hydroelectric] reservoir plants,” according to Celsia.

The decine in EBITDA came from “an extraordinary expense of COP$60 billion [US$19 million] related to efficiency and simplification initiatives. Without this effect, the quarter’s EBITDA margin would have been 32.7%,” according to the company.

As for its “C2 Energía” división –large-scale solar farms, in partnership with Cubico Sustainable Investments – Celsia noted that C2 revenues grew 65% and EBITDA by 75.8%, reaching a margin of 87.5%, with another 300 megawatts (MW) of peak capacity “soon to begin construction.”

As for its “Atera” power-efficiency división, this unit “signed the Comayagua 2 contract with Argos Honduras, the largest solar project developed by the company to date, with 23 MW of solar capacity and 80 MW of battery storage,” according to Celsia

In Peru, Celsia reports that the 218-MW “Carvelí” wind-power farm “is more than 90% complete, and we continue to advance the due diligence processes for the entry of partners,” according to the company.