ISA, a Colombian conglomerate, plans to invest $28.4 billion to $33.1 billion by 2040, focusing mainly on power transmission. The company also seeks to divest in telecommunications, aims to boost earnings significantly, and reported a 14% profit increase in 2024.
Colombian conglomerate ISA anticipates making investments ranging from $28.4 billion to $33.1 billion by the year 2040, as stated by CEO Jorge Carrillo. A significant proportion, approximately 67%, of this investment will focus on power transmission projects. Additionally, around 25% is allocated for new electricity projects, while the remaining funds will be directed towards roadway enhancements.
Furthermore, Carrillo indicated that ISA is looking to divest certain assets in telecommunications and service infrastructure. He noted, “In the transmission business, we will continue where we are and look to expand into new countries in Latin America, as well as new solutions like energy storage. Besides being in the region, we would like to enter the U.S.”
ISA operates across several countries, including Colombia, Brazil, Chile, Peru, Bolivia, Central America, and Argentina. The conglomerate made a substantial investment of 4.8 trillion pesos (approximately $1.17 billion) in 2024. Carrillo emphasized that these investments are aimed at doubling the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA), which totaled 9.7 trillion pesos last year.
In 2024, ISA reported a 14% increase in net profit, reaching 2.8 trillion pesos (around $678.5 million). Furthermore, the company intends to recommend a dividend of 1,265 pesos per share, distributing 50% of its profits for 2024 to shareholders. The exchange rate is approximately $1 = 4,114.9100 Colombian pesos.
In summary, ISA is poised to invest up to $33 billion through 2040, focusing primarily on power transmission. The company plans to enhance its presence in Latin America and possibly the U.S., while also adjusting its telecommunications assets. With significant net profit growth and a dividend plan, ISA shows a strong commitment to increasing shareholder returns and expanding its market influence.
Original Source: www.tradingview.com
