Business Companies

Cibest (Bancolombia) Full-Year 2025 Profits Improve Despite Negative 4Q

Medellin Herald February 25, 2026

Medellin-based multinational banking giant Cibest (Bancolombia) announced February 23 a full-year 2025 corporate-wide profit of COP$3.8 trillion (US$1.02 billion) — despite a negative fourth quarter (4Q). “Excluding the effect of the Banistmo [Panama] sale, the result would have been

Business Companies

Nutresa Full Year 2025 Net Income Soars 62.7% Year-on-Year

Medellin Herald February 20, 2026

Medellin-based multinational foods giant Grupo Nutresa announced February 19 that its full-year 2025 net income jumped 62.7% year-on-year, to COP$1.25 trillion (US$338 million), from COP$765 billion (US$205 million) in 2024. Sales rose 10.7% year-on-year, to COP$20.57 trillion (US$5.5 billion) in 2025, versus COP$18.58 trillion (US$5.02 billion) in 2024, while 2025

Business Companies

Cementos Argos Full-Year 2025 Net Income Falls 53% Year-on-Year

Medellin Herald February 19, 2026

Medellin-based multinational cement/concrete giant Cementos Argos announced February 18 that its full-year 2025 net income fell by 53% year-on-year, to COP$2.59 trillion (US$700 million), versus COP$5.58 trillion (US$1.5 billion) profits for full-year 2024. Revenues dipped by 2.7% year-on-year, to COP$5.15 trillion (US$1.4 billion) in 2025, versus COP$5.3 trillion (US$1.4

Business Companies

Mineros Full-Year 2025 Profits Hit All-Time Record

Medellin Herald February 19, 2026

Medellin-based multinational gold miner Mineros SA announced February 18 that its full-year 2025 net profits rose to US$145 million, an all-time record. “Driven by record gold prices and disciplined operations across Colombia and Nicaragua, Mineros achieved its strongest financial performance in company history, generating US$358 million in adjusted EBITDA [earnings before

Business Companies

Millicom-Tigo Buyout of Movistar Expected by April

Medellin Herald February 6, 2026

Spain-based Millicom announced that today (February 6) it will complete purchase of 67.5% of the shares held by Spain-based Telefónica in local telecom competitor Movistar (Colombia Telecomunicaciones) — with the remaining shares held Colombia’s national goverment likely to be acquired by April. The deal – coming on the heels of Millicom’s buyout of EPM’s 50% […]

Business Colombian economy

Millicom Wins 100% of EPM’s Stake in Tigo-UNE

Medellin Herald January 28, 2026

Medellin-based public utilities and telecom giant EPM announced January 27 that it has finally sold its entire 50% stake in the Tigo-UNE telecom-internet joint venture with Spain-based Millicom. The deal follows on the heels of Tigo’s earlier agreement to merge operations with telecom rival Movistar to create an internet-cable TV-cell-phone giant that now can compete […]

Business Companies

Tigo-UNE 3Q 2025 Profits Soar 164% Year-on-Year, Win Merger OK With Movistar

Medellin Herald November 19, 2025

Medellin-based telecom/internet/cable-TV provider Tigo-UNE – half-owner of the Colombian subsidiary of Spain-based multinational telecom network provider Millicom – on November 19 posted a 164% hike in third quarter (3Q) 2025 net income, hitting COP$38 billion (US$10.2 million), up from COP$14.7 billion (US$3.9 million) in 3Q 2024. Revenues also rose 7.7% year-on-year, to

Business Companies

Grupo IMSA Post 3Q 2025 Net Profit, Reversing Net Loss in 3Q 2024

Medellin Herald November 17, 2025

Medellin-based diversified manufacturer-marketer Grupo IMSA on November 13 posted a third quarter (3Q) 2025 net profit of COP$60.8 million (US$162,000) — a reversal from a 3Q 2024 net loss of COP$6.5 billion (US$1.7 million). Despite the profit gains, 3Q 2025 revenues from investment yields, rents and services actually fell by nearly half, to COP$2.4 billion […]

Business Companies

Grupo Argos 3Q 2025 Net Income Soars 239% Year-on-Year

Medellin Herald November 17, 2025

Medellin-based Grupo Argos – parent company of cement/concrete producer Cementos Argos, electric power producer Celsia and highways/airports concessionaire Odinsa – announced November 14 a 239% year-on-year hike in third quarter (3Q) 2025 consolidated net income, hitting COP$1.67 trillion (US$444 million), boosted by sales of a former U.S. subsidiary and income from other

Business Companies

Isagen 3Q 2025 Net Income Dips 29% Year-on-Year

Medellin Herald November 17, 2025

Medellin-based renewable electric power producer Isagen announced November 13 that its third quarter (3Q) 2025 net income dipped 29% year-on-year, to COP$204 billion (US$54 million), versus COP$288 billion (US$76 million) in 3Q 2024. Revenues also dipped 18% year-on-year, to COP$1.29 trillion (US$343 million), versus COP$1.57 trillion (US$418 million) in 23Q 2024. Earnings