Colombia · Delayed Price · Currency is COP Interconexión Eléctrica S.A. E.S.P. Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2026 results with 20% EBITDA and 9% net income growth, driven by major investments and new project awards. CapEx execution and financial discipline remain robust, with stable debt metrics and a positive market response.
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ISA delivered strong operational results in 2025, with investments up 31% and a 55% total shareholder return. Despite regulatory and legal challenges, the company maintained financial stability, advanced its ISA 2040 strategy, and reinforced its leadership in energy transition.
Fiscal Year 2025
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Commissioned major energy and grid projects, with investments up 38% year-over-year and EBITDA at COP 6.6T, down 13% due to special events. Net profit reached COP 1.9T, and investment commitments through 2030 total COP 31.1T.
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Revenue and EBITDA growth were driven by new projects, but one-time regulatory impacts in Brazil and increased reserves in Colombia weighed on results. Investments rose 29% year-over-year, with a strong focus on power transmission and roads, and leverage remains stable.
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EBITDA grew 8% YoY to COP 2.4 trillion and net profit rose 10% to COP 695 billion, driven by new projects and contractual escalators. Major investments focused on energy transmission, with a strong balance sheet and stable debt costs supporting future growth.
Fiscal Year 2024
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ISA delivered strong 2024 results, with EBITDA up 7% and net profit up 14%, surpassing long-term targets. Major investments and project wins in energy and roads, a robust backlog, and a 14% dividend increase highlight growth, despite a technical incident in Chile.
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Net income and EBITDA saw double-digit growth year-over-year, driven by tariff revisions in Brazil and new projects. Investment and sustainability initiatives advanced, with a strong pipeline and stable debt ratios supporting future growth.
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Net income rose 2% year-over-year to COP 708 billion in Q2 2024, with EBITDA up 7% excluding currency effects. Investment backlog stands at COP 28 trillion, supporting long-term growth, while debt/EBITDA remains at a healthy 3.7x.