Colombia: Cementos Argos reported consolidated revenues of US$369m in the third quarter of 2025, up by 2% from US$358m in the same period of 2024. Earnings before interest, taxation, depreciation and amortisation (EBITDA) was US$100m, while net income rose to US$75m, compared to US$20m in the third quarter of 2024.
For the first nine months of 2025, revenues totalled US$1.05bn and EBITDA was US$250m. Net profit reached US$177m, compared to US$59m in 2024. Cement volumes increased by 7.5% year-on-year, while concrete volumes fell 8%, partly due to a business model adjustment in Panama.
“These results are a clear demonstration of our strategic discipline and our team’s commitment to creating sustainable value. We maintain an optimistic outlook for the end of 2025 and continue to make steady progress in re-entering the United States market and strengthening our international presence,” said Cementos Argos president Juan Esteban Calle.
In Colombia, quarterly revenues reached US$209m with EBITDA of US$64m. Cement volumes grew 3% to 1.4Mt, while concrete volumes declined by 9%. In the year-to-date, Colombian revenues stood at US$572m and EBITDA at US$158m. In the Caribbean and Central America region, quarterly revenues were US$144m. Cement volumes totalled 1.7Mt, up by 14% year-on-year, with year-to-date revenues of US$421m.
