Isagen 3Q 2026 Net Income Soars 90% Year-on-Year
Medellin-based electric power giant Isagen announced November 13 that its third quarter (3Q) 2026 net income jumped 90% year-on-year, to COP$388 billion (US$116 million), versus COP$205 billion (US$61.7 million) in 3Q 2025.
Revenues also rose 29% year-on-year, to COP$1.66 trillion (US$499 million), versus COP$1.3 trillion (US$418 million) in 3Q 2025.
However, earnings before interest, taxes, depreciation and amortization (EBITDA) fell 28% year-on-year, to COP$593 billion (US$178 million), from COP$820 billion (US$247 million) in 3Q 2025.
Likewise, “gross profit decreased by 27%, primarily due to higher costs for purchasing energy on the power exchange, resulting from lower internal power generation” from Isagen’s mainly hydroelectric plants, which suffered from Colombian drought conditions.”
On the other hand, Isagen benefitted financially during the latest quarter on one-time gains from the sale of its “Luzma I” and “Luzma II” hydroelectric power plants, according to the company.
“Additionally, Isagen has classified another group of assets and liabilities –consisting of power generation assets and directly associated obligations — as ‘held for sale,’ for which an approved disposal plan exists.
“This group of assets comprises solar power generation plants and several small hydroelectric power plants that are not strategic to Isagen’s operations. Management expects to complete the disposal plan during the fourth quarter of the year,” the company added.
