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Consolidated statement of profit or loss - COP ($)
$ in Billions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Consolidated statement of profit or loss      
Sales $ 119,694 $ 133,330 $ 143,189
Cost of sales (82,057) (86,481) (88,178)
Gross profit 37,637 46,849 55,011
Administrative expenses (5,024) (5,103) (5,026)
Operations and project expenses (5,321) (5,648) (5,702)
Impairment recovery (loss) of long-term non-monetary assets 23 867 (2,098)
Other operating (expense) income (636) 1,497 (426)
Operating income 26,679 38,462 41,759
Financial results      
Finance income 2,094 1,748 2,321
Finance expenses (10,781) (10,319) (10,384)
Foreign exchange gain (loss) 159 52 2,398
Total financial result (8,528) (8,519) (5,665)
Share of profits of associates and joint ventures 710 764 805
Profit before income tax expense 18,861 30,707 36,899
Income tax expense (4,417) (12,208) (11,516)
Net profit for the year 14,444 18,499 25,383
Net profit for the year attributable to:      
Owners of parent 10,488 13,841 21,061
Non-controlling interest 3,956 4,658 4,322
Net profit for the year $ 14,444 $ 18,499 $ 25,383
Basic earnings per share (Colombian pesos per share) $ 255.1 $ 336.6 $ 512.2
Diluted earnings per share (Colombian pesos per share) $ 255.1 $ 336.6 $ 512.2