Ecopetrol S.A. (BVC:ECOPETROL)

Ecopetrol Income Statement

Financials in millions COP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	125,666,890	133,327,890	143,078,746	159,473,954	91,744,080	50,223,393
Revenue Growth (YoY)	-5.75%	-6.82%	-10.28%	73.83%	82.67%	-29.75%
Cost of Revenue	84,479,455	85,415,455	86,743,410	88,345,475	54,678,065	37,052,612
Gross Profit	41,187,435	47,912,435	56,335,336	71,128,479	37,066,015	13,170,781
Selling, General & Admin	7,809,896	7,907,896	7,609,536	6,565,547	4,810,915	4,702,893
Other Operating Expenses	1,754,423	493,423	3,011,729	2,583,082	1,578,262	996,348
Operating Expenses	10,978,072	10,504,072	14,863,719	11,283,971	6,984,612	6,606,037
Operating Income	30,209,363	37,408,363	41,471,617	59,844,508	30,081,403	6,564,744
Interest Expense	-7,797,086	-7,377,086	-6,923,831	-5,517,417	-3,095,224	-2,384,342
Interest & Investment Income	1,357,135	1,627,135	1,884,445	965,952	266,116	299,290
Earnings From Equity Investments	847,366	764,366	805,349	768,422	426,164	76,336
Currency Exchange Gain (Loss)	164,567	51,567	2,397,712	-124,650	330,002	346,774
Other Non Operating Income (Expenses)	-2,650,564	-2,821,564	-3,023,710	-2,158,642	-1,198,948	-743,309
EBT Excluding Unusual Items	22,130,781	29,652,781	36,611,582	53,778,173	26,809,513	4,159,493
Gain (Loss) on Sale of Investments	15,374	15,374	-7,987	-2,092	-84,502	-66,512
Gain (Loss) on Sale of Assets	-139,300	-148,300	121,309	-86,954	-123,342	-197,952
Asset Writedown	1,084,022	1,185,022	63,186	337,167	-312,976	935,437
Legal Settlements	-	-	-	-	-	-139,978
Other Unusual Items	-	-	-	-	-	86,026
Pretax Income	23,090,877	30,704,877	36,788,090	54,026,294	26,288,693	4,776,514
Income Tax Expense	7,605,578	11,090,578	13,483,198	16,990,399	7,562,205	2,038,661
Earnings From Continuing Operations	15,485,299	19,614,299	23,304,892	37,035,895	18,726,488	2,737,853
Minority Interest in Earnings	-4,085,594	-4,679,594	-4,242,801	-3,629,604	-2,031,804	-1,151,176
Net Income	11,399,705	14,934,705	19,062,091	33,406,291	16,694,684	1,586,677
Net Income to Common	11,399,705	14,934,705	19,062,091	33,406,291	16,694,684	1,586,677
Net Income Growth	-25.32%	-21.65%	-42.94%	100.10%	952.18%	-88.46%
Shares Outstanding (Basic)	41,117	41,117	41,117	41,117	41,117	41,117
Shares Outstanding (Diluted)	41,117	41,117	41,117	41,117	41,117	41,117
EPS (Basic)	277.25	363.23	463.61	812.48	406.03	38.59
EPS (Diluted)	277.25	363.23	463.61	812.48	406.03	38.59
EPS Growth	-25.32%	-21.65%	-42.94%	100.10%	952.18%	-88.46%
Free Cash Flow	13,185,682	25,077,682	-3,498,279	15,504,310	9,685,405	-1,840,075
Free Cash Flow Per Share	320.69	609.91	-85.08	377.08	235.56	-44.75
Dividend Per Share	-	-	278.000	486.990	243.000	17.000
Dividend Growth	-	-	-42.91%	100.41%	1329.41%	-90.56%
Gross Margin	32.77%	35.94%	39.37%	44.60%	40.40%	26.22%
Operating Margin	24.04%	28.06%	28.98%	37.53%	32.79%	13.07%
Profit Margin	9.07%	11.20%	13.32%	20.95%	18.20%	3.16%
Free Cash Flow Margin	10.49%	18.81%	-2.44%	9.72%	10.56%	-3.66%
EBITDA	46,896,613	53,727,613	58,612,112	73,628,737	40,363,606	16,555,123
EBITDA Margin	37.32%	40.30%	40.97%	46.17%	44.00%	32.96%
D&A For EBITDA	16,687,250	16,319,250	17,140,495	13,784,229	10,282,203	9,990,379
EBIT	30,209,363	37,408,363	41,471,617	59,844,508	30,081,403	6,564,744
EBIT Margin	24.04%	28.06%	28.98%	37.53%	32.79%	13.07%
Effective Tax Rate	32.94%	36.12%	36.65%	31.45%	28.77%	42.68%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.