Business Companies

Cementos Argos 1Q 2025 Net Income Plunges 60% Year-on-Year

Medellin Herald May 15, 2025

Medellin-based multinational cement/concrete giant Cementos Argos announced May 15 that its first quarter (1Q) 2025 net income fell to COP$2.1 trillion (US$502 million), from COP$5.3 trillion (US$1.26 billion) in 1Q 2024. Revenues dipped 6% year-on-year, to COP$1.23 trillion (US$294 million),

Business Companies

Nutresa 1Q 2024 Profits Rise 16% Year-on-Year

Medellin Herald May 15, 2025

Medellin-based international foods manufacturer-marketer Grupo Nutresa annnounced May 14 that its first quarter (1Q) 2025 net profit rose 16% year-on-year, to COP$241 billion (US$57 million), from COP$205 billion (US$49 million) in 1Q 2024. Revenues also rose 13% year-on-year, to COP$4.9 trillion (US$1.17 billion), while earnings before interest, taxes, depreciation and

Business Companies

Construcciones El Condor Posts Net Loss for 1Q 2025

Medellin Herald May 14, 2025

Medellin-based highway construction giant Construcciones El Condor on May 14 posted a COP$35.5 billion (US$8.4 million) net loss for first quarter (1Q) 2025 – nearly three times worse than the COP$12.5 billion (US$3.2 million) net loss for 1Q 2024. Revenue from ordinary activities during 1Q 2025 fell 11% year-on-year, to COP$270 billion (US$64 million), while […]

Business Companies

Celsia 1Q 2025 Net Income Soars 264% Year-on-Year

Medellin Herald May 13, 2025

Medellin-based electric power producer Celsia — a division of Grupo Argos — announced May 12 that its first quarter (1Q) 2025 net income hit COP$108 billion (US$25.5 million), up 264% year-on-year. Revenues rose by a more modest 5.5% year-on-year, to COP$1.45 trillion (US$343 million), while earnings before interest, taxes, depreciation and amortization

Business Companies

Mineros SA 1Q 2025 Net Profit Jumps 127% Year-on-Year

Medellin Herald May 9, 2025

Medellin-based international gold mining giant Mineros SA announced May 8 that its first quarter (1Q) 2025 net income soared 173% year-on-year, to a record US$38 million, up from US$21 million in 1Q 2024. Revenues for 1Q 2025 likewise jumped by 41% year-on.year, to a record US$160.5 million, while adjusted earnings before interest, taxes, depreciation and […]

Business Companies

Aris Mining 1Q 2025 Adjusted Earnings Soar 400% Year-on-Year

Medellin Herald May 8, 2025

Vancouver, Canada-based Aris Mining – operator of the giant Segovia gold mine here in Antioquia – announced May 7 that its first quarter (1Q) 2025 adjusted earnings jumped 403% year-on-year, to US$27 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) likewise jumped 134% year-on-year, to US$66.6 million, while gold revenues rose 47%

Business Companies

Bancolombia 1Q 2025 Profits Rose 4.5% Year-on-Year

Medellin Herald May 7, 2025

Medellin-based multinational banking giant Bancolombia announced May 5 that its first quarter (1Q) 2025 net income rose 4.46% year-on-year, to COP$1.73 trillion (US$402 million), versus COP$1.66 trillion (US$386 million) in 1Q 2024. Quarterly annualized return on equity (ROE) was 16.3% for 1Q 2025 and 15.6% for the last 12 months, while gross loan portfolio rose […]

Business Companies

ISA 1Q 2025 Net Income Rises 10% Year-on-Year

Medellin Herald May 7, 2025

Medellin-based multinational electric-power transmitter, highways concessionaire and telecom operator ISA announced May 6 that its first quarter (1Q) 2025 net income rose 10% year-on-year, to COP$695 billion (US$161 million). Revenues likewise rose 9% year-on-year, to COP$4.01 trillion (US$932 million), while earnings before interest, taxes, depreciation and amortization

Business Companies

EPM Group 1Q 2025 Net Income Falls 16% Year-on-Year

Medellin Herald May 7, 2025

Medellin-based multinational electric power and utilities giant Grupo EPM announced May 6 that its first quarter (1Q) 2025 net income dropped 16% year-on-year, to COP$1.4 trillion (US$325 million). Revenues for 1Q 2025 also declined 7% year-on-year, to COP$9.4 trillion (US$2.18 billion), while earnings before interest, taxes, depreciation and amortization (EBITDA) fell 16%

Business Companies

Isagen Full-Year 2024 Profits Decline 12.6% Year-on-Year

Medellin Herald April 1, 2025

Medellin-based renewable electric-power generator Isagen announced March 31 that its full-year 2024 net income dipped 12.6% year-on-year, to COP$904 billion (US$216 million), from COP$1.03 trillion (US$246 million) in 2023. Despite the profit decline, revenue increased 10% year-on-year, to COP$6.09 trillion (US$1.45 billion), versus COP$5.5 trillion (US$1.3 billion) in