Business Companies

Grupo Éxito Full-Year 2025 Net Income Rises 10-Fold Year-on-Year

Medellin Herald February 25, 2026

Medellin-based multinational supermarket giant Grupo Éxito announced February 25 a 10-fold year-on-year hike in net profit, hitting COP$592 billion (US$159 million) for full-year 2025, versus COP$54.8 billion (US$14.5 million) in 2024. Revenues rose by a more modest 4% year-on-year, to COP$22

Business Companies

Celsia Full-Year 2025 Net Income Rises 6.6% Year-on-Year

Medellin Herald February 25, 2026

Medellin-based electric power giant Celsia announced February 24 a full-year 2025 net profit of COP$360 billion (US$97 million), up 6.6% compared to full-year 2024. Revenues however declined by 20.7% year-on-year, to COP$5.4 trillion (US$1.45 billion), versus COP$6.8 trillion (US$1.8 billion) in 2024. Earnings before interest, taxes, depreciation and amortization (EBITDA)

Business Companies

Cibest (Bancolombia) Full-Year 2025 Profits Improve Despite Negative 4Q

Medellin Herald February 25, 2026

Medellin-based multinational banking giant Cibest (Bancolombia) announced February 23 a full-year 2025 corporate-wide profit of COP$3.8 trillion (US$1.02 billion) — despite a negative fourth quarter (4Q). “Excluding the effect of the Banistmo [Panama] sale, the result would have been COP$7.27 trillion [US$1.96 billion], 16.09% higher than that recorded in 2024,

Business Companies

Nutresa Full Year 2025 Net Income Soars 62.7% Year-on-Year

Medellin Herald February 20, 2026

Medellin-based multinational foods giant Grupo Nutresa announced February 19 that its full-year 2025 net income jumped 62.7% year-on-year, to COP$1.25 trillion (US$338 million), from COP$765 billion (US$205 million) in 2024. Sales rose 10.7% year-on-year, to COP$20.57 trillion (US$5.5 billion) in 2025, versus COP$18.58 trillion (US$5.02 billion) in 2024, while 2025

Business Companies

Cementos Argos Full-Year 2025 Net Income Falls 53% Year-on-Year

Medellin Herald February 19, 2026

Medellin-based multinational cement/concrete giant Cementos Argos announced February 18 that its full-year 2025 net income fell by 53% year-on-year, to COP$2.59 trillion (US$700 million), versus COP$5.58 trillion (US$1.5 billion) profits for full-year 2024. Revenues dipped by 2.7% year-on-year, to COP$5.15 trillion (US$1.4 billion) in 2025, versus COP$5.3 trillion (US$1.4

Business Companies

Mineros Full-Year 2025 Profits Hit All-Time Record

Medellin Herald February 19, 2026

Medellin-based multinational gold miner Mineros SA announced February 18 that its full-year 2025 net profits rose to US$145 million, an all-time record. “Driven by record gold prices and disciplined operations across Colombia and Nicaragua, Mineros achieved its strongest financial performance in company history, generating US$358 million in adjusted EBITDA [earnings before

Business Companies

Millicom-Tigo Buyout of Movistar Expected by April

Medellin Herald February 6, 2026

Spain-based Millicom announced that today (February 6) it will complete purchase of 67.5% of the shares held by Spain-based Telefónica in local telecom competitor Movistar (Colombia Telecomunicaciones) — with the remaining shares held Colombia’s national goverment likely to be acquired by April. The deal – coming on the heels of Millicom’s buyout of EPM’s 50% […]

Medellin + Antioquia news Tourism

Medellín’s Comuna 13 Neighborhood: Global Tourist Destination Despite Violent Past

Medellin Herald February 5, 2026

In 2002 – 24 years ago – Medellín’s San Javier (Comuna 13) neighborhood was a center of extorsion, kidnapping, murders and narco turf wars run by pseudo-communist gangsters including FARC, ELN and the “People’s Armed Commandos,” as well as pseudo-right-wing paramilitaries. Caught in the middle of this nightmare were tens of thousands of Colombia’s poorest […]

Business Colombian economy

Millicom Wins 100% of EPM’s Stake in Tigo-UNE

Medellin Herald January 28, 2026

Medellin-based public utilities and telecom giant EPM announced January 27 that it has finally sold its entire 50% stake in the Tigo-UNE telecom-internet joint venture with Spain-based Millicom. The deal follows on the heels of Tigo’s earlier agreement to merge operations with telecom rival Movistar to create an internet-cable TV-cell-phone giant that now can compete […]

Business Companies

Tigo-UNE 3Q 2025 Profits Soar 164% Year-on-Year, Win Merger OK With Movistar

Medellin Herald November 19, 2025

Medellin-based telecom/internet/cable-TV provider Tigo-UNE – half-owner of the Colombian subsidiary of Spain-based multinational telecom network provider Millicom – on November 19 posted a 164% hike in third quarter (3Q) 2025 net income, hitting COP$38 billion (US$10.2 million), up from COP$14.7 billion (US$3.9 million) in 3Q 2024. Revenues also rose 7.7% year-on-year, to