economy
Tax Burden Slowed Companies' Profits, As of March
The financial performance of the main Colombian companies during the first quarter of 2026 reflected a loss of economic dynamism and greater pressure on corporate profitability.
TL;DR
- Most Colombian companies reported decreased net profits in Q1 2026 compared to Q1 2025.
- ISA's profit fell 20%, Celsia's by 46%, and Conconcreto's by 50.1%.
- Grupo Nutresa and Fabricato transitioned from profits to losses.
- The wealth tax in Colombia negatively impacted the net profits of several companies.
- High interest rates (11.25% intervention rate) and persistent inflation (5.56% annual variation) pressured companies.
- The strengthening Colombian peso affected revenues for companies with international operations.
- Energy and infrastructure sectors were heavily impacted by lower prices and reduced indexing mechanisms.
- Retail trade and mining sectors showed resilience, with Grupo Éxito and Mineros reporting positive results.
- The Colombian economy grew by 2.2% in Q1 2026, a similar rate to Q4 2025 but below the full-year 2025 growth.