Business Companies

Isagen 1Q 2025 Net Income Jumps 74% Year-on-Year

Medellin Herald May 15, 2025

Medellin-based renewable electric power giant Isagen announced May 14 that its first quarter (1Q) 2025 net income soared 74% year-on-year, to COP$344 billion (US$82 million), from COP$198 billion (US$47 million) in 1Q 2024. Revenues rose 6% year-on-year, to COP$1.4 trillion (US$333 million),

Business Companies

Odinsa 1Q 2025 Net Profits Skyrocket 853% Year-on-Year

Medellin Herald May 15, 2025

Medellin-based highways, airports and water-utilities asset-manager Odinsa announced May 14 that its first quarter (1Q) 2025 net income soared by 853% year-on-year, to COP$99 billion (US$23 million), from COP$10 billion (US$2.4 million) in 1Q 2024. Revenues also jumped 274%, to COP$131 billion (US$31 million), while earnings before interest, taxes, depreciation and

Business Companies

Exito 1Q 2025 Profits Jump Year-on-Year, Reversing Losses

Medellin Herald May 15, 2025

Medellin-based multinational supermarket/dry-goods giant Grupo Éxito announced May 14 that its first quarter (1Q) 2025 profits hit COP$93 billion (US$22 million) — a big improvement over the COP$38 billion (US$9 million) net loss in 1Q 2024. Consolidated revenues — excluding dollar-to-peso exchange rate effects — rose 3.9% year-on-year, to COP$5.4

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), while earnings before interest, taxes, depreciation and amortization (EBITDA)

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 […]