Grupo Argos reported consolidated revenues of COP 15.2 trillion at the end of 2024, remaining stable compared to the previous year. EBITDA reached COP 5.1 trillion, growing 28%, while net income closed at COP 7.6 trillion, reflecting a 424% increase. The net income attributable to the controlling entity rose to COP 4.5 trillion, up 396%. […]
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For the fifth consecutive year, the companies of Grupo Empresarial Argos have been recognized among the most responsible companies in Colombia, according to the latest Merco ESG Responsibility ranking. This ranking evaluates the top 100 organizations in the country based on their environmental, social, ethical, and governance management. This year, Grupo Argos maintained its position […]
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With the objective of continuing to unlock value for its shareholders, the companies of Grupo Empresarial Argos are making progress in executing their share repurchase programs, which were announced to the market in 2023 and have already surpassed USD 150 million in consolidated investments. Grupo Argos has repurchased more than 16 million shares, while Cementos […]
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As a recognition of the efforts made by eight families in Valle del Cauca to contribute to the preservation of the Andean Bear and promote a harmonious coexistence with this emblematic species, the Wildlife Friendly Enterprise Network has awarded the Andean Bear Friendly certification to the coffee production processes carried out through the Conservamos la […]
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By the end of 2024, the companies of Grupo Empresarial Argos contributed nearly COP 250 billion to the Obras por Impuestos mechanism, solidifying the organization as one of the top corporate contributors to this initiative. Beyond this contribution, 19 additional companies from various sectors across the country have placed their trust in the expertise and […]
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In a 2024 marked by strategic transactions, Grupo Argos and its subsidiaries, Cementos Argos and Celsia, achieved outstanding performance in the Colombian stock market. By the end of the year, Grupo Argos’ preferred stock registered an 82% increase, while its common stock grew by 66%. Similarly, Cementos Argos reported a 67% rise in its common […]
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With the purpose of creating opportunities for young people, Grupo Argos Foundation and the universities EIA, EAFIT, and CES awarded 18 new higher education scholarships to high school graduates from 11 municipalities in Antioquia with the best academic records. The selected students will form the first cohort of Generación A, the higher education fund launched […]
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Grupo Argos closed 2024 with outstanding financial figures that strengthen its position amid the strategic transformations announced in recent months. In its separate income statement, revenues reached COP 3.5 trillion, growing 148%, EBITDA totaled COP 3.2 trillion, 241% above the previous year, and net income closed at COP 2.5 trillion, a 221% increase compared to […]
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BRC Ratings – S&P Global reaffirmed Grupo Argos’ AAA issuer rating after conducting an extraordinary review of the company and its commercial papers following the announcement of the Spin-Off by Absorption operation with Grupo Sura. Additionally, the BRC Technical Committee confirmed the long-term debt rating of Grupo Argos’ ordinary bonds as AAA and the short-term […]
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With the opening of its first section, Parque El Tesoro, located in Puerto Colombia, now offers 18,656 m² of public space, incorporating new areas for community well-being, including two tennis courts, rest areas, and extensions to both the bike path and contemplative trails.
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Fitch Ratings confirmed that no changes are expected in Grupo Argos’ credit rating following the announcement of the spin-off agreement with Grupo Sura, reflecting the company’s robust capital structure, diversified portfolio, and predictable dividend flows.
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This Monday, December 23, S&P Global announced updates to the composition of the Dow Jones Sustainability Indices, where Grupo Argos and Cementos Argos secured their positions for the 13th consecutive year. Cementos Argos achieved a remarkable score of 89 out of 100, earning first place in the construction materials industry, while Grupo Argos scored 85 […]
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