ISA profits rose to $2.8 billion in 2024; it will give 50% to its shareholders

2024 was "a year of solid financial performance," said ISA's president, Jorge Carrillo, when reporting a net profit of 2.8 billion pesos. A figure that represents a growth of 14 percent compared to 2023 when the company earned 2.4 billion pesos.

"2024 was an uncertain year. The macroeconomic outlook did not look good, it was a year where there were several peaks of emotion due to things that happened in the geopolitical context. However, we had excellent results and that demonstrates ISA's capabilities," said Jorge Carillo.

This increase in earnings was mainly due to the higher EBITDA generated and the asset impairments that decreased results in 2023 and were no longer present in 2024.

Forty percent of these profits were generated by the company's operations in Brazil, while Colombia contributed 30 percent. Peru accounted for 15 percent and Chile 11 percent.

In addition, ISA reported an EBITDA of 9.7 billion pesos, with an increase of 7 percent. Meanwhile, the EBITDA margin decreased to 62 percent due to lower construction results in Chilean concessionaires.

As for investments, last year they totaled 4.8 billion pesos and enabled the entry into operation of 15 tendered energy transmission projects, 86 reinforcements and improvements to the ISA Energía Brasil network and the entry into operation of Ruta del Loa in Chile.

Last year, ISA also won new electricity and road projects worth 859 million dollars. It also put into operation projects totaling an investment of 772 million dollars.

Over the next five years, ISA plans to invest 26.1 billion pesos in four countries where it operates: Brazil (52 percent), Colombia (15 percent), Peru (11 percent) and Panama (4 percent).

The president of ISA also explained that each year a different amount will be allocated to make investments:

Given the good results it had in 2024, the company proposed to distribute dividends of 1.4 billion pesos, which represents 50 percent of the 2024 profits (2.8 billion pesos).

This means that ISA will pay an ordinary dividend of 1,265 pesos for each share. For this payment, it is proposed that 1.25 billion pesos be charged to the commercial profit for 2024 and 146,214 million pesos be charged to the accumulated profits available to the shareholder.

This dividend will be paid in two installments: 60 percent on May 27, while the remaining 40 percent will be paid on December 16, 2025.

It is important to note that 51.4 percent of ISA shares belong to Ecopetrol, EPM has 8.8 percent and the remaining 39.8 percent are in the hands of private investors.

ISA also proposed to the General Shareholders' Meeting that an occasional reserve be set aside for capital strengthening of 1.54 billion pesos, in order to meet the investment commitments already made and maintain the financial strength of the company.