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

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

Business Companies

Fabricato Posts Net Profit in Full-Year 2025, Reversing Net Loss in 2024

Medellin Herald March 28, 2026

Medellin-based textiles and clothing giant Fabricato announced March 27 that its full-year 2025 net income rose to a positive net profit of COP$15.8 billion (US$4.3 million), versus a net loss of COP$43 billion (US$11.7 million) in 2024. While profits improved, revenues actually declined by a slight 0.4% year-on-year, to COP$267 billion (US$72 million), versus $268 […]

Business Companies

Isagen Full-Year 2025 Net Income Dips 2.4% Year-on-Year

Medellin Herald March 28, 2026

Medelin-based renewable electric power producer Isagen announced March 27 a slight 2.4% year-on-year decline in full-year 2025 net income, at COP$882 billion (US$240 million), versus COP$904 billion (US$246 million) in 2024. Revenues likewise declined 14.7% year-on-year, at COP$5.2 trillion (US$1.4 billion), versus COP$6.1 trillion (US$1.66 billion) in 2024. On the other

Business Companies

Tigo-UNE Full-Year 2025 Profits Skyrocket Year-on-Year

Medellin Herald March 28, 2026

Medellin-based telecom/internet/cable-TV giant Tigo-UNE — until just weeks ago, half-owner of the Colombian subsidiary of Spain-based multinational telecom network provider Millicom – on March 27 announced a whopping 1,500% year-on-year hike in full-year 2025 net income, hitting COP$242 billion (US$65 million), from COP$15 billion (US$4.08 million) in 2024. Revenues

Business Companies

Industrias Estra Full-Year 2025 Profits Fall 50% Year-on-Year

Medellin Herald March 26, 2026

Medellin-based industrial/consumer plastic-products manufacturer Industrias Estra announced March 25 that its full-year 2025 net income fell 50% year-on-year, to COP$659 million (US$178,000), from COP$1.3 billion (US$351,000) in 2024. Despite the profits decline, 2025 revenues actually rose 10.7% year-on-year, to COP$103 billion (US$27.8 million). However, earnings before

Business Companies

Odinsa Full-Year 2025 Net Income Jumps 65% Year-on-Year

Medellin Herald March 25, 2026

Medellin-based multinational highways-and-airports concessionaire Odinsa — a division of Grupo Argos — announced March 24 a 65% year-on-year hike in full-year 2025 net income, hitting COP$148 billion (US$40 million). Revenues for 2025 also rose 46% year-on-year, to COP$292 billion (US$79 million), while earnings before interest, taxes, depreciation and