Enka 1H 2026 Net Income Rises 1,013% Year-on-Year
Medellin-based textiles and plastics-recycling specialist Enka announced August 12 that its first half (1H) net income soared 1,013% year-on-year, to COP$7.07 billion (US$2.2 million), from COP$635,000 (US$202,000) in 1H 2025.
Operating revenues for 1H 2026 actually declined 11.6% year-on-year, to COP$182 billion (US$58 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 7.7% year-on-year, to COP$14 billion (US$4.46 million), according to the company.
“This positive result was achieved primarily due to the supply capacity of our recycling network to meet the increased demand from our Green Businesses, the operational flexibility to adapt our portfolio to customer needs with competitive imported raw materials, strict control over costs and fixed expenses, and new recurring revenues from services and other sources,” according to Enka
“During the second quarter of 2026, the situation caused by the conflict in the Middle East intensified pressure on our markets regarding the supply of raw materials from Asia — uncertainty in deliveries and high prices — primarily in our industrial business, recycled fibers, and polyolefins segments,” according to Enka.
“This situation allowed Enka to capitalize on opportunities thanks to the operational and commercial flexibility it has developed, responding quickly to the specific needs of customers in the Americas and Europe,” the company added.
As for market performance in various segments, Enka “increased its share [in Colombia] compared to the previous year due to higher domestic sales of ‘EKO-PET’ [recycled plastics], while exports were affected by lower demand for canvas in North America and Brazil and lower ‘EKO-PET’ exports, all compounded by the reduction in the exchange rate and international benchmark prices,” according to the company.
As a result, exports for 1H 2026 totaled US$14.1 million, down from US$22 million in 1H of 2025, according to the company.
“Green businesses continue to consolidate their position as the company’s main driver of growth and competitive differentiation. The first half of the year ended with revenues of COP$127.2 billion [US$40 million], increasing market share from 63% in 2025 to 70% in 2026.
“In terms of sales volume, we saw a 7% increase (2016: 19,576 tons) accumulated through June, a positive result amidst a challenging environment created by supply chain disruptions, international prices, and high domestic demand for post-consumer PET bottles.
“During the first half of the year, our collection and supply network successfully provided the recycled material necessary to meet the increased demand for our products, especially in the ‘EKO-Fibers’ line, which experienced a 37% volume increase during the first half of the year, primarily due to exports of fibers manufactured from colored bottles,” the company added.
