Conconcreto 3Q 2025 Net Income Falls 73% Year-on-Year
Medellin-based construction giant Conconcreto on November 12 posted a COP$1.17 billion (US$311,000) net profit for third quarter (3Q) 2025 — a 73% drop year-on-year from the COP$4.34 billion (US$1.15 million) net profit in 3Q 2024.
Revenues also declined 98% year-on-year, to COP$128 billion (US$34 million) for 3Q 2025 versus COP$251 billion (US$66.8 million) in 3Q 2024.
As for nine-months 2025 cumulative results, Conconcreto reported a 389% improvement in net profits compared to nine-months 2024, at COP$37.8 billion (US$10 million) so far this year, compared to COP$6.8 billion (US$1.8 million) for nine-months 2024.
“This increase is mainly due to the reduction of financial costs and tax reductions thanks to the tax optimization strategy,” according to Conconcreto.
As for nine-months 2025 revenues, these have fallen by 44% year-on-year, to a cumulative COP$365 billion (US$97 million), “mainly due to lower project execution at Conconcreto USA, [as well as declines] in the investment business, a lower volume of work in IDU [Instituto de Desarrollo Urbano roads-and-bridges projects in Bogota], and in the construction business,” according to the company.
Nine-months 2025 cumulative earnings before interest, taxes, depreciation and amortization (EBITDA) also have fallen by 29% year-on-year, to COP$64.7 billion (US$17 million), down from COP$90.7 billion (US$24 million) for nine-months 2024, according to the company.
On the other hand, Conconcreto’s “cash-and-cash equivalents consolidated cash position increased, mainly due to dividends received and asset divestments,” according to the company.
Meanwhile, Conconcreto closed 3Q 2025 with a construction and infrastructure backlog of COP$2.5 trillion (US$665 million), “equivalent to 2.5-years of execution at a rate of COP$1 trillion [US$266 million] per year),” the company added.
