Conconcreto 1Q 2026 Net Income Falls 50% Year-on-Year
Medellin-based construction giant Conconcreto announced May 15 that its first quarter (1Q) 2026 net income fell 50% year-on-year, to COP$10 billion (US$2.7 million), versus COP$20 billion (US$4.77 million) in 1Q 2025.
Despite the profits drop, revenues rose by 1.45% year-on-year “due to greater project execution,” according to the company.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for 1Q 2026 likewise fell nearly by half year-on-year, to COP$18.6 billion (US$5.09 million), compared to COP$38 billion (US$9.07 million) in 1Q 2025.
The drop in profits so far this year “is mainly due to the [Colombian] wealth tax and lower income from the equity method,” according to Conconcreto.
Similarly, 1Q 2026 net margin was just 11.7%, versus a net margin of 23.9% in 1Q 2025.
As for infrastructure projects so far this year, Conconcreto “completed and put into operation infrastructure projects in Bogotá and Soacha for more than COP$540 billion [US$148 million], including Avenida Guaymaral, the South Bridge of Avenida Primero de Mayo at Avenida 68, and the El Vínculo Logistics Portal,” according to the company.
Conconcreto also boasted of winning new private contracts for COP$130.6 billion [US$35 million], “strengthening its backlog in the logistics and industrial sectors.”
As for housing sector projects, “the company made progress in launching new projects and reached a closing plan of COP$1.74 trillion [US$476 million],” according to Conconcreto.
“During the latest quarter, ‘Calia,’ a social housing (VIS) project located in Bogotá, was launched. It comprises approximately 1,780 units in two phases and has estimated sales of COP 584.8 billion [US$150 million].
“Additionally, construction began on ‘Treebal’ in Medellín, a high-end residential project with 39 units and projected sales of COP$92 billion [US$25 million],” according to the company.
