Business Companies

Electric-Vehicle Buying Surge Here Prompts EV-Recharge Startup Response

Medellin Herald September 8, 2025

Electric vehicles (EVs) last year were hardly seen on streets and highways around metro Medellin, an area where more-than-1-million conventional motorcycles, cars, trucks and buses circulate. But 2025 has driven a remarkably big surge in purchases of EVs here — mainly for amazingly cheap

Business Companies

Industrias Estra 1H 2025 Profits Barely Rise Year-on-Year

Medellin Herald August 24, 2025

Medellin-based industrial/consumer plastic-products manufacturer Industrias Estra announced in an August 22 filing with Colombia’s Superfinanciera oversight agency that its first-half (1H) 2025 net income rose 250% year-on-year — but only to a very modest COP$112 million (US$28,000), from COP$33 million (US$8,225) in 1H 2024. Revenues also rose 11% year-on-year, to

Business Companies

Hidroituango Contractors Boost Claims Against EPM by US$1.25 Billion

Medellin Herald August 21, 2025

Hidroeléctrica Ituango S.A. (HI) – the original construction-contractor consortium for the US$5 billion, 2.4-gigawatt Hidroituango hydroelectric project here in Antioquia – have boosted their lawsuit demands against Medellin-based electric power giant EPM by a whopping US$1.25 billion, claiming losses triggered by a four-year delay in project completion. In an August 20

Business Companies

UNE-EPM (Tigo) Net Loss for 2Q 2025 Worsens Year-on-Year

Medellin Herald August 19, 2025

Medellin-based telecom-internet-cable-TV giant UNE-EPM – half-owner of the “Tigo” network in Colombia (along with partner Millicom Spain) – on August 19 posted a second quarter (2Q) 2025 net loss of COP$59.6 billion (US$14.7 million) — worse than the COP$34 billion (US$8.4 million) net loss in 2Q 2024. Revenues rose 3.4% year-over-year in 2Q 2025, to […]

Business Companies

Isagen 2Q 2025 Net Income Dips 1% Year-on-Year

Medellin Herald August 16, 2025

Medellin-based electric-power-generation giant Isagen announced August 14 that its second quarter (2Q) net income dipped by a slight 1% year-on-year, to COP$56.7 billion (US$14.1 million), from COP$57.5 billion (US$14.3 million) in 2Q 2024. Operating income also dipped 8% year-on-year, to COP$1.13 trillion (US$281 million), while earnings before interest, taxes,

Business Companies

Sura 1H 2025 Net Income Rises 33.5% Year-on-Year

Medellin Herald August 16, 2025

Medellin-based insurance and financial-services giant Grupo Sura announced August 14 that its first half (1H) 2025 net income rose 33.5% year-on-year, to COP$1.2 trillion (US$298 million). Revenues also rose 4.7% year-on-year, to COP$14.7 trillion (US$3.66 billion), while pre-tax profits rose 20%, to COP$2 trillion (US$397 million). The boost in revenues came partly from

Business Companies

Grupo Argos 2Q 2025 Net Income Soars 212% Year-on-Year

Medellin Herald August 16, 2025

Medellin-based Grupo Argos – parent of cement/concrete giant Cementos Argos, electric power giant Celsia and airport-highways concessionaire Odinsa – on August 14 reported a 212% jump in second quarter (2Q) 2025 net income, hitting COP$212 billion (US$52.7 million). Revenues for 2Q 2025 also rose 55% year-on-year, at COP$453 billion (US$112.7 million), while earnings

Business Companies

Fabricato Posts Net Profits for 1H 2025, Reversing 1H 2024 Losses

Medellin Herald August 16, 2025

Medellin-based textile giant Fabricato announced August 15 that its first-half (1H) 2025 net income rose to COP$6.9 billion (US$1.7 million), up from a COP$28 billion (US$6.9 million) net loss in 1H 2024. Revenues for 1H 2025 dipped 1% year-on-year, to COP$136 billion (US$33.8 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) soared

Business Companies

Grupo IMSA 2Q 2025 Profits Dip 45% Year-on-Year

Medellin Herald August 16, 2025

Medellin-based multinational specialty chemicals and consumer-products vendor Grupo IMSA reported August 15 that its second quarter (2Q) net income declined 45% year-on-year, to COP$4.8 billion (US$1.2 million), from COP$8.7 billion (US$2.16 million) in 2Q 2024. Revenues also dipped 16% year-on-year, to COP$74 billion (US$18 million) in 2Q 2025 versus COP$88 billion (US$22

Business Companies

Compañía de Empaques/Grupo Excala 2Q 2025 Net Profits Improve

Medellin Herald August 16, 2025

Medellin-based multinational fibers-and-packaging specialist Compañía de Empaques/Grupo Excala announced August 15 that its second quarter (2Q) 2025 net income jumped by 204% year-on-year, to COP$7.3 billion (US$1.8 million), up from COP$2.4 billion (US$587,000) net income in 2Q 2024. Sales for 2Q 2025 also rose 9% year-on-year, to COP$113 billion (US$28 million),