- It achieved the highest profitability in its history: COP 2.8 trillion, with a growth of 14% compared to 2023.
- ISA delivered to shareholders with a ROAE of 17%, the highest return on equity delivered in the last 5 years.
- The company was awarded projects worth COP 3.8 trillion (USD 859 million) and expanded its operations to new geographies.
- It successfully closed its strategic cycle to 2030, achieving some of the most important goals before the established horizon.
- For the next 5 years, ISA has investments to be executed that exceed COP 26 trillion (USD 6 billion), which guarantees its growth.
ISA’s outstanding operating and financial results demonstrate that it is a solid, profitable, and sustainable company. Its performance in 2024 leveraged the development and progress of the country and the region: on the one hand, it fulfilled its shareholders by offering a return on average equity of 17% (ROAE), one of the highest figures in the company’s history and, through strategic investments and projects, it drove the region’s progress.
On the financial aspect, net income closed at COP 2.8 trillion, a 14% increase compared to 2023, the company’s highest net income to date. Consolidated revenues amounted to COP 15.8 trillion and ebitda was COP 9.7 trillion, with increases of 12% and 7% compared to the previous year, respectively.
“We had an unprecedented year-end in the company’s history. The positive variation in financial results was mainly due to the careful management of business operating margins, the entry into operation of new projects, and the implementation of an efficient financing structure, among other factors. Sustained growth of the company’s results allowed the definition of ambitious goals for a new strategic cycle to 2040, which we will launch in the next few days,” stated Jorge Andrés Carrillo Cardoso, CEO of ISA.
In fiscal year 2024, ISA expanded its business by winning 10 transmission tenders and putting 15 projects into operation. The company is currently working on the execution of 36 energy projects, all of which are key to accelerating the energy transition in the region. In the road business unit it is worth highlighting the award of Ruta Orbital Sur, the first interurban road to be built by ISA in Chile, as well as the entry into this business in Panama with the award, through public tender of the Ruta Panamericana highway, the first Public-Private Partnership (PPP) project in that country. The new awards have an estimated investment of USD 859 million (COP 3.8 trillion): 60% in the energy business unit and 40% in the road business unit. Over the next five years, the company plans to make investments of COP 26.1 trillion (USD 6 billion).
Among the milestones of the period was the launch of the INNDIGO program, through which USD 150 million will be invested in startups worldwide to accelerate the energy transition. Also, the launch of Energía Renovable para la Paz (Renewable Energy for Peace), an initiative to provide renewable energy solutions for rural communities without access to service in Colombia. The company also participated in the first habitat bank to be implemented in Colombia to issue biodiversity credits and approved the first project of the national electric system with FACTS technology -smart valves- in Brazil.
More about the 2024 milestones in: Press – ISA
ISA successfully closes its strategic cycle to 2030
The company met, ahead of schedule, the most important goals of the ISA2030 Strategy: it exceeded the Ebitda target several years ahead of schedule, reaching COP 9.7 trillion by the end of 2024, which represents a compliance of 113% compared to projections. ISA also committed investments of USD 7,946 million in electricity and road infrastructure between 2019 and 2024, an advance of 76% with respect to the target defined for 2030. This result reflects effective financial management and a solid and profitable growth strategy.
In these five years, infrastructure projects were developed with new technologies to provide greater flexibility and resilience to the grid, such as the first large-scale energy storage system in Brazil, as well as connections to renewable energies worth USD 140 million.
In the social area, in the countries where ISA is present, investments were made in education and training, entrepreneurship and productivity, access to infrastructure, among others, for more than USD 76 million. In the environmental area, 84% of the 11 million tCO2e reduction target for 2030 was achieved, with the linkage of new Conexión Jaguar projects and the reduction of our own emissions. In addition, carbon neutral certification (Scope 1 and 2) was again achieved for the operations of 36 companies in the 3 business units in 5 countries.