Fabricato Posts Net Loss for Nine-Months 2026

Medellin-based textiles giant Fabricato announced November 13 a nine-months 2026 net loss of COP$13 billion (US$3.9 million), a 208% decline compared a net profit of COP$12 billion (US$3.6 million) for nine-months 2025.

Consolidated nine-months 2026 revenue from ordinary activities fell 22% year-on-year, to COP$162 billion (US$49 million), versus COP$207 billion (US$62 million) for nine-months 2025.

Earnings before interest, taxes, depreciation and amortization (EBITDA) likewise fell 73% year-on-year to COP$10.8 billion (US$3.2 million), versus COP$40.8 billion (US$12 million) for nine-months 2025.

The declines are explained by a “textile market characterized by contracted demand both domestically and internationally,” according to Fabricato.

“Year-to-date revenue from ordinary textile activities as of September 2026 totaled COP$145.8 billion [US$44 million], a 24% decrease compared to the same period in 2025, when revenue reached COP$192 billion [US$58 million]” according to the company.

“EBITDA for the textile segment as of September 2026 was COP$446 million [US$134,000], a 99% decrease compared to the same period in 2025, when EBITDA was COP$30.7 billion [US$9.2 million],” according to Fabricato

As for its real-estate holdings segment, “revenue from ordinary activities as of September 2026 was COP$16.5 billion [US$4.9 million], an increase of 10% compared to the same period in 2025. The net result for the real estate segment as of September 2026 was COP$1.18 billion [US$356,000],” the company added.

Meanwhile, “a conservative trend persists in the consumption of clothing and textile products, which is reflected in lower demand for textile production,” Fabricato warned. “All of this continues to impact the company’s textile sales — which declined by 7.6% in value . . .

“Furthermore, between the beginning of 2026 and through September, the representative market exchange rate for the dollar shifted from COP$3,757 to COP$3,341 per dollar, representing an 11.07% cumulative appreciation of the peso. This revaluation favors imports from competitors, to the detriment of a domestic company like Fabricato, which focuses on national production.”

In addition, “inflation expectations remain high, and spending levels continue to exceed what the economy can sustain without generating inflationary pressures. Prices are expected to continue rising throughout the remainder of 2026.

“Due to a weakening in the consumption of domestically produced textiles and apparel — compounded by an increase in garment imports via platforms like Temu and Shein, smuggling, economic uncertainty, and the appreciation of the peso against the dollar, which benefits textile importers — textile sales in the third quarter of 2026 remained stable in terms of volume but declined by 7.6% in value compared to the second quarter of the same year,” Fabricato added.