Cementos Argos 3Q 2025 Net Income Jumps 80% Year-on-Year
Medellin-based multinational cement/concrete giant Cementos Argos (a division of Grupo Argos) on November 11 posted a third quarter (3Q) 2025 net income of COP$247 billion (US$67 million), up 80% year-on-year.
Revenues for 3Q 2025 rose 2.3% year-on-year, to COP$1.36 trillion (US$368 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 15.7% year-on-year, to COP$361 billion (US$89 million), according to the company.
“The third quarter showed growth in cement sales volumes across all three regions,” including Colombia, Central America and the Caribbean, according to the company.
As for nine-months 2025 to-date revenues dipped 2.7%, to COP$3.9 trillion (US$1.05 billion), while EBITDA dipped 2%, to COP$928 billion (US$251 million) and adjusted net income tripled, to COP$659 billion (US$178 million), according to the company.
“Furthermore, the company made progress in its strategy to re-enter the U.S. market by strengthening its aggregates platform, with significant milestones in production and logistics and the start of commercial operations in November. The goal of generating US$200 million in incremental EBITDA by 2030 remains unchanged,” according to Cementos Argos.
As for full-year 2025 forecasts, Cementos Argos “is on track to exceed its EBITDA margin target of 25% a year ahead of schedule, having reached 24% cumulatively through September, thanks to efficiency measures across all its geographic regions,” the company added.
As for Colombia results, “the Colombian cement market has experienced a consistent recovery since May of this year, reversing the negative trend of previous months and reaching a cumulative growth of 4% through September, driven by the retail segment,” according to the company.
“In the Central America and Caribbean region combined, cement sales volume grew by 14% in the third quarter. Year-to-date volumes reached 3.2 million tons of cement and 101,000 cubic meters of concrete, driven by export markets as well as fundamental factors in the various markets,” the company added.
