Interconexión Eléctrica (ISA) Q4 2025 earnings summary

Executive summary

• Leadership transition occurred after the annulment of the president's election, with an interim president appointed to ensure operational and strategic stability.

• The ISA2040 strategy was launched, focusing on consolidating energy transmission, expanding new energy businesses, and selective growth in roads and new geographies.

• Operational efficiencies were enhanced, including the consolidation of energy transmission into Intercolombia and the creation of a digital hub for Latin America.

• Strong sustainability performance was achieved, with all companies reaching carbon neutrality and high scores in the Dow Jones and S&P Global Sustainability Indexes.

• Major projects were energized in Colombia, Brazil, Chile, and Peru, with significant progress in roads and telecommunications.

Financial highlights

• EBITDA reached COP 8.7 trillion, down 11% year-over-year due to special events; adjusted EBITDA grew 8% to COP 9.6 trillion.

• Net profit was COP 2.4 trillion, down 14% year-over-year; adjusted net profit increased 5% to COP 2.8 trillion.

• Investments executed totaled COP 6.3 trillion, up 31% from 2024, with 92% in energy transmission.

• Dividend payout proposed at COP 1,090 per share, representing 50% of net profit; total dividends paid were COP 1.4 trillion.

• Stock price rose 48% in 2025; total shareholder return was 55%.

Outlook and guidance

• Investment plan for 2026–2030 set at COP 25.5 trillion, with 29 projects under construction across energy transmission and roads.

• Focus on capturing opportunities in renewable energy, energy storage, and grid expansion throughout Latin America.

• Strategy aims to multiply 2024 EBITDA by more than 2x and expand into new geographies and businesses.

• Identified USD 12 billion in regional opportunities, with 48% in energy transmission and 26% in new energy businesses.