Afinia's Situation Remains "Complicated", "Cash Flow is Not Good"
With a collection rate that only reaches 80.6% monthly of what is billed and energy losses that double the national average, Afinia is in a very difficult, very complicated situation right now, revealed its manager, Ricardo José Arango Restrepo.
TL;DR
- Afinia faces significant financial challenges with an 80.6% collection rate and 28.84% energy losses.
- Low collection rates are primarily in subnormal electricity and stratum 1 households, with collections as low as 5-6% in some areas.
- Total annual losses from uncollected revenue and energy losses exceed 800 billion pesos.
- Afinia's global portfolio debt is 5.4 trillion pesos, with official debt exceeding 385 billion pesos.
- The company's cash flow is at risk, forcing a reduction in the 2026 investment plan by 370 billion pesos.
- Afinia has over 40,000 customers on a prepaid energy system, which encourages reduced consumption.
- The manager states Afinia meets all regulatory conditions and there is no reason for government intervention.