Jorge Mario Velásquez concludes his tenure as President of Grupo Argos with a record COP 11.5 trillion distributed to shareholders in 2025

• The Shareholders’ Meeting approved a dividend of COP 750 per share. For Grupo Argos shareholders who retained the Grupo Sura shares received as part of the Spin-off Project, the dividend increase would amount to 78%, taking into account the dividend they will receive from Grupo Argos and the proposed dividend from Grupo Sura.
• Shareholders approved a new share repurchase program of up to COP 500 billion for the next three years.
• The Shareholders’ Meeting reelected the current Board of Directors for the term running from April 2026 to March 2028.
• In 2025, Grupo Argos reported consolidated revenues of COP 11.7 trillion, EBITDA of COP 2.9 trillion, up 10%, an EBITDA margin of 25%, net income of COP 4.3 trillion, and controlling net income of COP 2.8 trillion.

On Thursday, March 26, Grupo Argos held its Annual Shareholders’ Meeting, during which it presented a review confirming the strength of its strategy and operating performance. During the meeting, shareholders paid tribute to Jorge Mario Velásquez, who will conclude his term as President on March 31 after a 42-year career within the organization. He will be succeeded by Juan Esteban Calle, who worked alongside him over the past 10 years as President of Cementos Argos.

In 2025, the company distributed COP 11.5 trillion to its shareholders, taking into account the delivery of Grupo Sura shares resulting from the Spin-off Project, dividends paid, and the share repurchase program. This is in addition to the approval by the Shareholders’ Meeting of an ordinary dividend of COP 750 per share, payable in four quarterly installments between April 2026 and January 2027, representing a 9% increase over the previous year. As a result, the dividend increase for Grupo Argos shareholders who retained the Grupo Sura shares received in connection with the Spin-off Project would amount to 78%, considering both the dividend they will receive from Grupo Argos and the proposed dividend from Grupo Sura.

“Today I can say, with the peace of mind that comes from a job well done, that Grupo Argos now has a simple corporate structure focused on construction materials and infrastructure. Between 2016 and 2026, we reduced consolidated net debt from COP 13.3 trillion to levels close to zero, increased consolidated net income from COP 0.6 trillion to COP 4.3 trillion, and brought in world-class global partners. The company is now ready for a new stage of growth and value transfer to our shareholders.”
Jorge Mario Velásquez
President of Grupo Argos

Decisions of the Shareholders’ Meeting

The Shareholders’ Meeting reelected the current Board of Directors for the statutory term running from April 2026 to March 2028, composed of Miguel Heras, Joaquín Losada, Juan Guillermo Castañeda, and Jaime Alberto Palacio as independent members, and David Yanovich, Claudia Betancourt, and Ana Cristina Arango as patrimonial members.

Grupo Argos shareholders approved a new share repurchase program of up to COP 500 billion, to be carried out over a period of up to three years. The execution of these programs has been a catalyst for liquidity and has helped deepen the market for the company’s shares. Since 2023, the trading volume of Grupo Argos’ common shares has tripled, while trading volume of its preferred shares has increased 33-fold.

KPMG was appointed as Grupo Argos’ Statutory Auditor for the term running from April 2026 to March 2028.

Strong operating performance

During the meeting, Grupo Argos presented results that demonstrate the strength of its portfolio. Cementos Argos closed 2025 with consolidated revenues of COP 5.1 trillion and adjusted EBITDA of COP 1.3 trillion, reaching a 25% margin. Celsia reported revenues of COP 5.4 trillion and EBITDA of COP 1.7 trillion, with a 31% margin. Odinsa posted consolidated revenues of COP 292 billion and EBITDA of COP 190 billion, while the Urban Development Business closed the year with cash flow revenues of nearly COP 250 billion and net cash flow of COP 70 billion.

These results were accompanied by strategic milestones that strengthened the organization’s profile. Following the spin-off, Grupo Argos became fully consolidated as a company 100% focused on construction materials and infrastructure, with a presence in 19 countries, more than 40,000 shareholders, and a project portfolio of nearly USD 10 trillion. At the same time, the company maintained its AAA credit rating from BRC Ratings and Fitch Ratings, reflecting its structural strength.

Looking ahead, Grupo Argos will remain focused on strengthening its business operations, deepening efficiency, optimizing capital allocation, and increasing value transfer to its shareholders.