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)

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

Business Companies

Estra Full-Year 2024 Net Income Doubles Year-on-Year

Medellin Herald March 30, 2025

Medellin-based plastic-container manufacturer-marketer Industrías Estra announced March 27 that its full-year 2024 net income jumped 104.6% year-on-year, to COP$1.3 billion (US$309,000), versus COP$640 million (US$152,000) in 2023. Corporate-wide revenues also rose 3.3% year-on-year, to COP$93 billion (US$22 million), while earnings before interest, taxes, depreciation and

Business Companies

Grupo EPM Full-Year 2024 Net Income Jumps 28% Year-on-Year

Medellin Herald March 19, 2025

Medellin-based multinational electric-power producer and utilities giant Grupo EPM announced March 18 that its full-year 2024 net income jumped 28% year-on-year, to COP$4.9 trillion (US$1.18 billion). Corporate-wide group revenues rose 11% year-on-year, to COP$41.5 trillion (US$10 billion). Within Colombia, EPM revenues rose 22% year-on-year, to COP$19.8 trillion (US$4.8

Business Companies

Enka Net Income Falls 51% Year-on-Year but ‘Green’ Recycling Thrives

Medellin Herald March 14, 2025

Medellin-based textiles and plastics-recyling multinational Enka on March 14 reported a 51% year-on-year decline in full-year 2024 net income, at COP$9.7 billion (US$2.36 million), from COP$20 billion (US$4.88 million) in 2023. Revenues also declined 20% year-on-year, to COP$477 billion (US$116 million), while earnings before interest, taxes, depreciation and amortization

Business Companies

Aris Mining Full-Year 2024 Net Income Doubles Year-on-Year

Medellin Herald March 13, 2025

Vancouver, Canada-based gold miner Aris Mining – operator of the giant Segovia, Antioquia gold mine as well as a development-stage gold mine at Marmato, Caldas – announced March 12 that full-year 2024 net income hit US$24.6 million, a 115% hike over the US$11.4 million net income in 2023. Earnings before interest, taxes, depreciation and amortization […]

Business Economy & Finance

Fitch, Standard & Poors, Moody’s All ‘Negative’ on Colombia Debt

Medellin Herald March 7, 2025

New York-based global financial-ratings agencies Fitch, Standard & Poors (S&P) and Moody’s are now unanimous: Colombia’s debt rating has been downgraded to “negative.” On March 6, Fitch officially changed Colombia’s “Long-Term Foreign-Currency Issuer Default Rating” (IDR) outlook to “negative,” following earlier, matching downgrades from S&P and Moody’s.