EPM Group 1Q 2025 Net Income Falls 16% Year-on-Year
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% year-on-year, to COP$2.9 trillion (US$674 million), according to the company, which is 100% owned by the city of Medellin.
From those 1Q 2025 profits, EPM Group transferred COP$483 billion (US$112 million) to the city of Medellín. “These resources will be allocated to strategic programs in health, education, and infrastructure, with a direct impact on the quality of life of residents,” the company added.
As for its 1Q 2025 investments, EPM Group reported COP$928 billlion (US$215 million) for “improving access, coverage, and quality of public services for more than 9.5 million customers,” of which COP$201 billion (US$46.7 million) went toward completion of the last four generating units at the US$5 billion, 2.4-gigawatt “Hidroituango” hydropower project here in Antioquia (due for final completion by 2027).
As for energy distribution and marketing investments, COP$410 billion (US$95 million) went toward projects for “network expansion and replacement, loss control, improving service quality, and system stability” — including continuing investments at the money-losing “Afinia” subsidiary on Colombia’s Atlantic coast, which is hobbled by the refusal of the national government to reimburse EPM for losses from power theft and by unpaid subsidies for low-income customers.
As for EPM’s natural gas marketing segment, the company invested another COP$23 billion (US$5.3 million) for projects including “the primary infrastructure bypass in the municipality of [the Medellin suburb of] Copacabana, the expansion in the Aburrá Valley, and the system reconfiguration with the addition of the Palmas circuit in Medellín,” according to the company.
As for its drinking-water and sewage treatment division, EPM Group invested another COP$172 billion (US$40 million) in “network expansion and replacement, and plant modernization,” according to the company.
As for its financial debt situation, “EPM Group recorded a debt service coverage ratio of 2.82, compared to 2.52 for the same period last year,” which was “below the 3.5-limit of the contractual debt covenant,” the company added.
