Interconexión Eléctrica (ISA) Q1 2025 earnings summary

Executive summary

• Achieved EBITDA of COP 2.4 trillion (up 8% YoY) and net profit of COP 695 billion (up 10% YoY) in Q1 2025, reflecting strong operational and financial performance.

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

• Launched the ISA2040 Strategy to strengthen leadership in energy transmission and expand into new energy solutions, storage, and selective road concessions.

• Significant investments executed: COP 1.4 trillion in Q1 2025, mainly in energy transmission, with Brazil accounting for 59% of CapEx.

• Fitch Ratings confirmed investment grade ratings but revised outlook from stable to negative due to Colombia's sovereign rating change.

Financial highlights

• EBITDA reached COP 2.4 trillion, up 8% YoY, and net profit was COP 695 billion, up 10% YoY, with a net margin of 17%.

• Assets at COP 78.6 trillion (+2% vs Dec 2024); liabilities at COP 50.7 trillion (+4% vs Dec 2024); equity at COP 17 trillion (-4% vs Dec 2024).

• Consolidated financial debt at COP 35.1 trillion (+2% vs Dec 2024); mean debt life of 9.5 years; gross debt/EBITDA at 3.9x.

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

• Cash and liquidity position at COP 7.2 trillion, up 8% from December 2024.

Outlook and guidance

• Focused on executing the COP 26.7 trillion investment plan through 2030, with a strong balance sheet and 40 projects under construction.

• No plans to issue equity in 2025; financing to be covered by debt, with stable cost expectations (7–8% in USD).

• Continued commitment to reliability and resilience in energy transmission amid rising demand and energy transition challenges.

• Continued focus on executing the ISA2040 Strategy, with investments in energy transition, grid expansion, and road concessions.