Grupo Energía Bogotá S.A. (GEB) Q4 2024 earnings summary

Executive summary

• Achieved resilient operational and financial performance in 2024, with revenues of COP 8 trillion, adjusted EBITDA of COP 5.1 trillion, and net profit of COP 2.6 trillion, despite regulatory, climatic, and market challenges.

• Stable operations and profitability supported dividend payouts, with a dividend yield of 9.8% and COP 2.3 trillion distributed to over 14,000 shareholders.

• Strategic debt management reinforced financial stability and investment capacity.

• Recognized for sustainability leadership, included in S&P Global’s 2025 Sustainability Yearbook and Dow Jones Best-in-Class Emerging Markets Index.

• Focused on sustainable growth and emerging opportunities in current segments and regions.

Financial highlights

• Revenues reached COP 8 trillion for 2024; adjusted EBITDA at COP 5.1 trillion, net profit at COP 2.6 trillion.

• Q4 2024 operational revenue grew 3.6% year-over-year, led by energy transmission (+10.3%), distribution (+27%), and gas transportation (+5.4%).

• Adjusted EBITDA for Q4 2024 was COP 900 billion, up 11.6% year-over-year; annual adjusted EBITDA decreased 1.97% from 2023.

• Equity method income rose 14% to COP 2 trillion, driven by Enel Colombia, ISA Peru, and Argo Energia.

• Dividend yield at 9.8% and LTM ROE at 12.9%.

Outlook and guidance

• 2025 guidance: net income between COP 2.6–2.7 trillion, adjusted EBITDA between COP 5.4–5.5 trillion.

• Return on assets projected at 9.5–10.5%, return on equity at 13–14.2%.

• Net debt/EBITDA expected between 3.7–3.85x.

• Five-year CAPEX projection is USD 1.3 billion, led by energy transmission projects.

• Organic CapEx of nearly COP 500 million planned for 2025, focused on energy transmission (50%) and natural gas distribution.