Interconexión Eléctrica (ISA) Q4 2024 earnings summary

Executive summary

• Operated over 50,000 km of transmission lines, 1,057 km of roads, and 30,000 km of fiber optics, consolidating a leading position in Latin America.

• Secured USD 859 million in new energy and road projects, commissioning projects worth USD 772 million, and expanded into Panama and Chile.

• Launched the ISA 2040 Strategy and INNDIGO innovation program, surpassing 2030 EBITDA targets six years early.

• Achieved carbon neutrality certification, participated in COP16, and advanced sustainability initiatives like Conexión Jaguar.

• Executed COP 4.8 trillion in investments, advancing 38 projects under construction and energizing 15 energy transmission projects.

Financial highlights

• Consolidated revenues reached COP 15.8 trillion in 2024, up 12% year-over-year; EBITDA was COP 9.7 trillion, up 7%; net income closed at COP 2.8 trillion, up 14%.

• EBITDA margin was 62% (down from 64% in 2023), but margin excluding construction rose to 79%.

• Dividend per share recommended at COP 1,265, a 14% increase, with a yield of 7.6%.

• Debt balance at COP 34.5 trillion, up 11% from 2023, with a debt/EBITDA ratio of 3.8x.

• Brazil contributed 40% of net profit, Colombia 34%, Chile 11%, and Peru 15%.

Outlook and guidance

• Backlog of COP 26.1 trillion in awarded projects for 2025–2030, mostly in energy (83%).

• CapEx execution planned at COP 7 trillion in 2025 and 2026, tapering in later years.

• Focus on energy transition, regional expansion, and robust investment in renewable connections and grid expansion.

• Strategy update event scheduled for March to detail ISA 2040 ambitions.