Grupo Argos 2Q 2025 Net Income Soars 212% Year-on-Year
Medellin-based Grupo Argos – parent of cement/concrete giant Cementos Argos, electric power giant Celsia and airport-highways concessionaire Odinsa – on August 14 reported a 212% jump in second quarter (2Q) 2025 net income, hitting COP$212 billion (US$52.7 million).
Revenues for 2Q 2025 also rose 55% year-on-year, at COP$453 billion (US$112.7 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 134%, to COP$310 billion (US$77 million).
On top of the encouraging profit results so far this year, “Cementos Argos has completed the spin-off of its stake in Grupo Sura, releasing COP$1.4 trillion [US$283 million] in direct benefits for its shareholders,” Grupo Argos noted.
“Furthermore, during the second quarter, decisive progress was made in the first phase of Cementos Argos’ strategy to re-enter the U.S. market by consolidating an aggregates platform which, according to projections, could generate between US$100 million and US$150 million in additional EBITDA for [Cementos Argos] by 2030.”
“Grupo Argos has embarked on a new phase that has created a virtuous cycle for the company, its shareholders, and the stock market,” said Grupo Argos President Jorge Mario Velásquez.
“The organization strengthens its ability to attract capital and execute a project portfolio approaching COP$40 trillion [US$9.95 billion]. All its shareholders, in addition to maintaining their stake in Grupo Argos [also] . . . now have a direct stake in [Medellin-based insurance/financial services giant] Grupo Sura,” he added.
Beyond the Cementos Argos re-entry into the U.S. market, Grupo Argos subsidiary Celsia plans to double solar-power generation in Colombia as well as expand renewable-power projects in Peru.
Meanwhile, Odinsa plans build a new airport in Cartagena and also complete the massive “Tunel de Oriente” tunnel linking Medellin to new ocean ports on the Atlantic.
The Odinsa subsidiary also plans to build new wáter desalination plants in Latin America, and add new urban-renewal projects in Barranquilla, according to Grupo Argos.
