ISA Full Year 2024 Net Income Jumps 14% Year-on-Year
Medellin-based multinational electric power transmisión, highways and telecom-internet operation ISA announced February 27 that its full-year 2024 net income rose 14% year-on-year, to COP$2.8 trillion (US$680 million) — an all-time record.
Consolidated revenues rose 12% year-on-year, to COP$15.8 trillion (US$3.8 billion), while earnings before interest, taxes, depreciation and amortization) rose 7% year-on-year, to COP$7.7 trillion (US$1.8 billion), the company added.
Also during 2024, ISA netted new projects worth COP$3.8 trillion (US$859 million) and expanded its operations to new geographies.
“For the next five years, ISA has investments to be executed that exceed COP$26 trillion (US$6 billion), which guarantees its growth,” the company explained.
“The positive variation in financial results was mainly due to the careful management of business operating margins, the entry into operation of new projects, and the implementation of an efficient financing structure, among other factors,” according to ISA CEO Jorge Andrés Carrillo.
In total, ISA “is currently working on the execution of 36 energy projects, “ while in its highway business unit won a contract to build the “Ruta Orbital Sur” in Chile and the “Ruta Panamericana” in Panama.
