Grupo Argos 3Q 2025 Net Income Soars 239% Year-on-Year
Medellin-based Grupo Argos – parent company of cement/concrete producer Cementos Argos, electric power producer Celsia and highways/airports concessionaire Odinsa – announced November 14 a 239% year-on-year hike in third quarter (3Q) 2025 consolidated net income, hitting COP$1.67 trillion (US$444 million), boosted by sales of a former U.S. subsidiary and income from other spinoffs.
In contrast to the huge spike in profits, revenues actually slipped 1.9% year.on-year, to COP$2.89 trillion (US$769 million), from COP$2.94 trillion (US$783 million) in 3Q 2024.
The profits boost came from “simplification of our corporate structure, the monetization of our presence in the United States, and the strength of our businesses,” according to Argos.
“Excluding non-recurring events, consolidated EBITDA [earnings before interest, taxes, depreciation and amortization] was COP$2.4 trillion [US$639 million], growing 13%, while net income was COP$939 billion [US$250 million], an increase of 197%.
“The operational performance is explained by higher contributions from hydroelectric generation at Celsia, higher revenues at Odinsa associated with the appreciation of its assets, and greater profitability at Cementos Argos,” the company added.
“Because of our divestment of former holdings in Grupo Sura, Grupo Argos reported a consolidated profit of COP$1.6 trillion [US$444 million] in financial statements and COP$3.2 trillion [US$852 million] in separate financial statements this quarter.
“This effect is in addition to the profit from the sale of Summit Materials for COP$2 trillion [US$532 million] and an impairment charge on the assets of Cementos Argos in Puerto Rico.
“While the transactions described above are non-recurring and should be considered when analyzing operating results, they are part of Grupo Argos’ ongoing efforts to maximize the value of its portfolio for the benefit of its shareholders,” the company added.
