Interconexión Eléctrica (ISA) Q1 2025 earnings summary

Executive summary

• Achieved strong operational and financial performance in 1Q25, with EBITDA up 8% to COP 2.4 trillion and net profit up 10% to COP 695 billion, driven by new project commissions and robust investment execution.

• Recognized in the S&P Global Sustainability Yearbook, ranking among the top 20 global power utilities for sustainability and in the top 11% for environmental performance.

• Launched and began executing the ISA2040 Strategy, focusing on energy transition, grid expansion, and selective road concessions, with positive stakeholder response.

• Advanced major energy transmission and road projects across Brazil, Colombia, Chile, and Peru, with significant investments and project awards.

• Maintained a focus on reliability and resilience in energy transmission, supporting long-term growth and energy transition strategy.

Financial highlights

• EBITDA reached COP 2.4 trillion, up 8% year-over-year; net profit was COP 695 billion, up 10%, with a net margin of 17%.

• Operating revenues totaled COP 4.0 trillion, a 9% increase year-over-year; operating revenues excluding construction rose 13%.

• Assets grew to COP 78.6 trillion (+2% from December 2024), liabilities to COP 50.7 trillion (+4%), and equity decreased to COP 17 trillion (-4%).

• Consolidated financial debt rose to COP 35.1 trillion (+2% from December 2024), with a mean life of 9.5 years and gross debt/EBITDA at 3.9x.

• Dividend distribution of COP 1.4 trillion approved, with COP 1,265 per share.

Outlook and guidance

• Investment plan of COP 26.7 trillion through 2030, focusing on awarded bids, reinforcements, and grid improvements, with 40 projects under construction.

• Continued focus on reliability, safe energy supply, and efficient investment execution amid global power system vulnerabilities and energy transition challenges.

• No current plans for equity issuance; financing to be covered mainly through debt and capital markets.

• Fitch Ratings affirmed investment grade ratings but revised outlook to Negative due to Colombia's sovereign risk.

• Implementation of the ISA2040 strategy underway, with positive stakeholder response.