Grupo Argos and its businesses outperformed the Colcap over the past 12 months: liquidity, financial discipline, and share buybacks have been key

• During this period, the appreciation of the shares of Grupo Argos and its companies has doubled the growth of the Colcap index.
• The positive performance of Grupo Argos, Cementos Argos, and Celsia shares is linked to the execution of strategic transactions, deleveraging, and share buyback programs that have already exceeded COP 759 billion.
• Cementos Argos strengthened its balance sheet through the sale of Summit Materials and share repurchases, while Celsia reported a 45% increase in EBITDA and a 264% rise in net income in the first quarter.

Grupo Argos and its companies Cementos Argos and Celsia continue to execute structural strategies aimed at creating long-term value for shareholders—strategies that, over the past 12 months, have led to share price increases more than double that of the Colcap index.

These strategies include simplifying the company’s investment portfolio, reducing consolidated leverage to below 2.5 times gross debt to adjusted EBITDA, and the sustained implementation of share buyback programs. To date, consolidated share repurchases exceed COP 759 billion, reaffirming the companies’ confidence in the strength of their business strategy and the fundamental value of their stock.

These value-unlocking measures have been recognized by the market as signals of confidence, transparency, and financial soundness. Over the past year, Grupo Argos’ preferred shares have appreciated 36%, while its common shares have risen 31%. Meanwhile, Cementos Argos’ common shares have increased 26%, significantly outperforming the MSCI Colcap index, which posted a 15% gain over the same period.

In the case of Cementos Argos, the company reached a strategic milestone with the divestment of its stake in Summit Materials and has implemented SPRINT, a strategic initiative designed to close the gap between its market price and intrinsic value. This program includes share repurchases, share class unification, business focus, and efficiency gains. These actions support a more efficient capital structure and reinforce the long-term strategy focused on the Colombian, Caribbean, and U.S. markets.

Celsia, in turn, has capitalized on a more favorable operating environment, reporting a 45% increase in EBITDA and a 264% increase in net income in the first quarter of the year. Its leadership in the energy transition has been strengthened by the development of the Carreto Wind Farm and the acquisition of a 650 MW renewable generation project portfolio in Colombia. Additionally, the company launched EnergizarC, a program encompassing five initiatives designed to help the market close the gap between the stock’s market price and its fundamental value.

The strong performance of Grupo Argos and its companies’ shares relative to the broader market confirms the effectiveness of the strategic decisions made and underscores the organization’s commitment to sustainable value creation for all shareholders.