Business Companies

Cementos Argos 3Q 2025 Net Income Jumps 80% Year-on-Year

Medellin Herald November 13, 2025

Medellin-based multinational cement/concrete giant Cementos Argos (a division of Grupo Argos) on November 11 posted a third quarter (3Q) 2025 net income of COP$247 billion (US$67 million), up 80% year-on-year. Revenues for 3Q 2025 rose 2.3% year-on-year, to COP$1.36 trillion (US$368 million),

Business Companies

Grupo Éxito Posts Q3 2025 Net Profit, Reversing Net Loss in 3Q 2024

Medellin Herald November 13, 2025

Medellin-based multinational supermarket giant Grupo Éxito on November 12 posted a third quarter (3Q) 2025 net profit of COP$143 billion (US$38 million) — a big improvement over the COP$35 billion (US$9.4 million) net loss in 3Q 2024. Consolidated revenues for 3Q 2025 dipped by a slight 0.3% year-on-year, to COP$5.2 trillion (US$1.4 billion), while 3Q […]

Business Companies

Odinsa 3Q 2025 Net Profits Jump 54% Year-on-Year

Medellin Herald November 13, 2025

Medellin-based Odinsa – the highways/airports concessions unit of Grupo Argos – announced November 12 that its third quarter (3Q) 2025 net income soared by 54% year-on-year, to COP$175 billion (US$47 million), from COP$114 billion (US$30.7 million) in 3Q 2024. Revenues likewise rose by 40% year-on-year, to COP$275 billion (US$74 million), while earnings before interest,

Infrastructure Medellin + Antioquia news

‘Magdalena 2’ Highway Completion Links Antioquia with Cartagena Ports

Medellin Herald November 11, 2025

Colombia’s national infrastructure agency (Agencia Nacional de Infraestructura, ANI) announced November 10 the long-awaited completion of the “Magdalena 2” highway linking Antioquia with Colombia’s giant ocean ports at Cartagena. “With the opening of [the final] 35 kilometers between Remedios and Vegachí, the government puts the 4G [fourth-generation] Magdalena River

Business Companies

Enka 3q 2025 Net Income Declines Year-on-Year

Medellin Herald November 10, 2025

Medellin-based textiles and plastics-recycling specialist Enka announced November 10 that third quarter (3Q) 2025 net income fell 50% year-on-year, to a relatively modest COP$886 million (US$235,000), from COP$1.77 billion (US$451,000) in 3Q 2024. On the other hand, revenues jumped by 155% year-on-year, to COP$314.7 billion (US$83.5 million), from COP$123 billion (US$32.6

Business Companies

Celsia 3Q 2025 Net Profit Falls 27% Year-on-Year

Medellin Herald November 10, 2025

Medellin-based multinational electric power giant Celsia—a división of Grupo Argos — announced November 9 that its third quarter (3Q) 2025 net income fell 27% year-on-year, to COP$80 billion (US$21 million), from COP$110 billion (US$29 million) in 3Q 2024. Revenues dipped 7.8% year-on-year, to COP$1.29 trillion (US$342 million), from US$1.4 trillion (US$371 million)

Business Companies

Hidroituango 2018 Tunnel Collapse: Construction Contractors Exonerated, but Project Designer, Supervisor Still Face Trial

Medellin Herald November 8, 2025

Medellin-based construction contractor Conconcreto announced November 7 that it and its “Hidroituango” consortium partners Coninsa Ramon H and Camargo Correa have been exonerated from a COP$9.9 trillion (US$2.6 billion) damages claim brought by former Medellin Mayor Daniel Quintero over a 2018 tunnel collapse at the US$5 billion, 2.4-gigawatt hydroelectric plant. The trio

Business Companies

Construcciones El Condor Posts COP$227 Billion Net Loss for 3Q 2025

Medellin Herald November 8, 2025

Medellin-based highway construction giant Construcciones El Condor on November 7 posted a third quarter (3Q) 2025 net loss of COP$227 billion (US$60 million) – thus adding to a growing string of quarterly net losses. The latest negative results reflect impacts from the “Ruta al Sur” highway project as well as losses “derived from the sale […]

Business Companies

Cibest (Bancolombia) 3Q 2025 Net Income Rises 42% Year-on-Year

Medellin Herald November 6, 2025

Medellin-based multinational banking giant Cibest (Bancolombia) announced November 6 that its third quarter (3Q) 2025 net income rose 42% year-on-year, to COP$2.14 trillion (US$565 million). Comparing 3Q 2025 to the immediate prior quarter (2Q 2025), net income is up 19.7%, “driven primarily by reductions in [loan] provision expenses and operating outlays, as well as by

Business Companies

Mineros SA 3Q 2025 Net Income Jumps 84% Year-on-Year

Medellin Herald November 6, 2025

Medellin-based international gold miner Mineros SA announced November 5 that its third quarter (3Q) 2025 net income soared 84% year-on-year, to COP$215.6 billion (US$56 million). “This increase is largely explained by higher gross profit [from a 40% jump in world gold prices] and increased financial income,” according to the company, which recovers alluvial gold