Grupo Argos Full-Year 2025 Net Income Falls 43% Year-on-Year

Medellin-based Grupo Argos – the multinational parent of electric-power producer Celsia, cement-concrete maker Cementos Argos and highways/airports concessionaire Odinsa — announced March 2 that full-year 2025 net income fell 43% year-on-year, to COP$4.3 trillion (US$1.13 billion).

That relative decline came as a result of extraordinary gains from the sale of former holdings in Medellin-based insurance giant Grupo Sura and sale of former holdings in U.S. construction-materials giant Summit Materials.

If excluding those extraordinary events, then comparable full-year 2025 net income actually rose 2,338% year-on-year, to COP$423 billion (US$111 million), according to Argos.

From that perspective, “2025 was an extraordinary year for the company, in which it completed the [Sura shareholding] spin-off project to simplify its corporate structure, divested its stake in its construction materials business in the United States, and achieved record distributions of COP$11.5 trillion [US$3 billion] to its shareholders,” according to Argos.

For full-year 2025, corporate-wide revenues dipped 7% year-on-year, to COP$11.7 trillion (US$3.07 billion), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 10% year-on-year, to COP$2.9 trillion (US$762 million), according to the company.

“Excluding extraordinary transactions, EBITDA grew by 16% and consolidated net income was COP$1.1 trillion [US$289 million] — 3.4-times that of 2024,” the company added.

Following the Sura and Summit spin-offs, Grupo Argos today “is a company that manages a robust asset base in infrastructure and construction materials valued at COP$16.8 trillion [US$4.4 billion] and has a project portfolio of nearly COP$40 trillion [US$10.5 billion] to capitalize on the growing demand for these sectors throughout its geographic footprint,” Argos president Jorge Mario Velásquez added.

Argos also pinpointed other 2025 corporate highlights:

• Cementos Argos is advancing its re-entry into the United States market via the creation of “Argos Materials,” which exploits an aggregates platform “targeting coastal markets in southeastern Colombia. Argos Materials projects a potential production of over 10 million tons per year and an incremental EBITDA of US$150 million by 2030,” according to the company.
  
• In Colombia, Celsia commissioned “Carreto,” its first wind-power farm in Colombia, with an installed capacity of 9.6 megawatts (MW), in the department of Atlántico.
  
• In Peru, “Celsia advanced the development of its renewable energy portfolio by more than US$1.2 billion. The 218-MW Caravelí Wind Farm was 68% complete as of the end of December 2025 and will begin operations in 2026.”
  
• The “C2 Energía” solar-photovoltaic (p) division grew its capacity to 480-MWp in operation, “which will generate 544 GWh [gigawatt-hours] in 2025, 7% more than in 2024,” according to the company.
  
• In 2025, “Odinsa Aguas was created, an investment platform in water infrastructure that complements its operations in roads and airports. As a first step, a contract was signed to acquire TICSA in Mexico for approximately US$84 million. This transaction is expected to close in the second quarter of the year and will be financed with Odinsa’s own operating resources,” the company added.