Celsia 1Q 2025 Net Income Soars 264% Year-on-Year
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 (EBITDA) rose 44.8%, hitting COP$472 billion (US$111.7 million), according to the company.
Celsia mainly produces electric power from its hydroelectric dams — hence average rainfall here during any quarter is crucial to its financial results.
“We had a very good quarter driven by the return of rain and the reduction in energy purchases to support contracts, which allowed for the recovery of margins after the impact of El Niño [drought] last year,” explained Celsia finance director Esteban Piedrahita.
The company also cited a 4.6% year-on-year increase in power output from its “C2” solar photovoltaic (PV) farms –totaling 132.5 gigawatt-hours during 1Q 2025 – as well as its “Laurel” solar PV project (14.6 gigawatt-hours), plus another 21.2 gigawatt-hours from the “El Tesorito” natural-gas-fired power plant.
As for its “Carreto” wind-turbine electric power project in Colombia’s windy Atlántico coastal department, this project now has a total capacity of 9.6 megawatts (MW).
“After a testing period, commercial operation [at Carreto] will be declared, generating approximately 30 gigawatt-houirs per year, which will be fed into the National Interconnected System” for power distribution, according to Celsia.
In addition, Celsia recently acquired an additional 675-MW of various renewable projects including three solar PV farms and two wind-power farms.
“The most advanced project is the ‘Andromeda’ solar farm, which has a capacity of 100-MW and already has an environmental license,” the company added.
