Business Companies

Conconcreto 1Q 2026 Net Income Falls 50% Year-on-Year

Medellin Herald May 25, 2026

Medellin-based construction giant Conconcreto announced May 15 that its first quarter (1Q) 2026 net income fell 50% year-on-year, to COP$10 billion (US$2.7 million), versus COP$20 billion (US$4.77 million) in 1Q 2025. Despite the profits drop, revenues rose by 1.45% year-on-year “due to greater

Business Companies

Aris Mining 1Q 2026 Net Income Soars Year-on-Year

Medellin Herald May 7, 2026

Vancouver, Canada-based multinational gold miner Aris Mining –operator of the giant Segovia, Antioquia gold mine 195 kilometers from Medellin – announced May 6 that first quarter (1Q) 2026 net income jumped 263% year-on-year, to US$98 million, from US$27 million in 1Q 2025. Gold revenues rose 136% year-on-year, to US$364 million, from US$154 milloion in 1Q […]

Business Companies

ISA 1Q 2026 Net Income Falls 20% Year-on-Year

Medellin Herald May 7, 2026

Medellin-based multinational electric-power transmission operator, highways concessionaire and telecom-internet operator ISA announced May 6 that its first quarter (1Q) net income fell 20% year-on-year, to COP$558 billion (US$150 million), versus COP$695 billion (US$161 million) in 1Q 2025. Operating revenues also declined 4% year-on-year, to COP$3.8 trillion (US$1.02

Business Companies

Mineros 1Q 2026 Net Income Soars 104% Year-on-Year

Medellin Herald May 7, 2026

Medellin-based multinational gold miner Mineros SA announced May 6 that its first quarter (1Q) 2026 net income rose 104% year-on-year, to COP$324 billion (US$87 million), versus COP$159 billion (US$42 million) in 1Q 2025. Revenues also jumped 61% year-on-year, to COP$1.08 trillion (US$290 million), versus COP$671 billion (US$180 million) in 1Q 2025. Adjusted earnings

Business Companies

Grupo EPM 1Q 2026 Net Income Jumps 68% Year-on-Year On Tigo Sale

Medellin Herald May 6, 2026

Medellin-based multinational electric power and utilities giant Grupo EPM announced May 5 that its first quarter (1Q) 2026 net income rose 68% year-on-year, to COP$2.4 trillion (US$646 million), versus COP$1.4 trillion (US$325 million) in 1Q 2025. The big boost in profits came mainly from its January 2026 sale of its 50% interest in telecom giant […]

Business Companies

Cibest (Bancolombia) 1Q 2026 Net Income Dips 16% Year-on-Year

Medellin Herald May 5, 2026

Medellin-based multinational banking giant Cibest (Bancolombia) announced May 4 that its first quarter (1Q) 2026 net income fell 16% year-on-year, to COP$1.5 trillion (US$400 million), versus COP$1.73 trillion (US$402 million) in 1Q 2025. Net interest income was COP$5.2 trillion (US$1.4 billion), up 9.15% compared to 1Q 2025. “Cibest Group’s gross loan portfolio

Business Companies

Ruta al Mar/Construcciones El Cóndor Win US$970 Million Arbitration

Medellin Herald May 4, 2026

Medellin-based highway construction giant Construcciones El Cóndor announced May 4 via a filing with Colombia’s Superfinanciera financial oversight agency that it and its “Ruta al Mar” (RAM) investment partners just won a COP$3.58 trillion (US$970 million) arbitration award against Colombia’s national infrastructure agency (ANI). “Ruta al Mar” – nearly 100% complete now

Business Companies

Millicom-Tigo Completes Buyout of Government Stake in Movistar

Medellin Herald April 27, 2026

Luxembourg-based multinational telecom giant Millicom (Tigo) announced April 27 that it has finally completed the buyout of the Colombian government’s minority stake in telecom competitor Movistar. The deal means that Millicom-Tigo is now at par with Mexico-based Claro in dominating Colombia’s telecom market, with both Tigo and Claro holding Colombian market shares well

Business Companies

Grupo IMSA Full-Year 2025 Net Income Declines 15.7% Year-on-Year

Medellin Herald April 1, 2026

Medellin-based multinational chemicals, food additives and consumer-products giant Grupo IMSA on March 31 posted a 15.7% year-on-year decline for full-year 2025 net income, at COP$75.4 billion (US$20 million) versus COP$89.4 billion (US$24 million) in 2024. Revenues likewise dipped 10% year-on-year, to COP$319 billion (US$87 million), versus COP$353 billion (US$96 million)

Business Companies

‘Hidroituango’ Hydroelectric Project Costs Soar by 111%

Medellin Herald March 28, 2026

A new report from Colombia’s Comptroller General finds that the gigantic, 2.4-gigawatt “Hidroituango” hydroeletric plant in Antioquia now has an estimated total cost of COP$23.2 trillion (US$6.31 billion) once completed — or 111% higher than initially estimated at COP$11 trillion (US$3 billion). To date, the Hidroituango project parters — Medellin power