ISA plans to invest between $28.4 billion and $33.1 billion by 2040, focusing on power transmission (67%) and new electricity projects (25%). The company also anticipates divesting in telecommunications and aims for international expansion, potentially into the U.S. With a net profit increase of 14% in 2024, ISA will recommend a significant shareholder dividend.
Colombia’s investment conglomerate, ISA, anticipates a capital investment ranging from $28.4 billion to $33.1 billion by the year 2040, as stated by Chief Executive Officer Jorge Carrillo. The majority of these funds, approximately 67%, will be allocated to power transmission projects, while around 25% will focus on new electricity developments and the rest will be directed towards roadway enhancements.
Mr. Carrillo also mentioned the company’s plans for divestitures in the telecommunications and services infrastructure sectors. “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,” he elaborated. The company expresses interest in potentially entering the U.S. market as well.
ISA operates across multiple countries including Colombia, Brazil, Chile, Peru, Bolivia, Central America, and Argentina, having invested 4.8 trillion pesos (approximately $1.17 billion) in 2024 alone. Carrillo asserted that these investments are intended to more than double the company’s EBITDA, which was recorded at 9.7 trillion pesos last year.
Furthermore, the company’s net profit for 2024 saw a significant increase of 14%, totaling 2.8 trillion pesos (around $678.5 million). In light of this growth, ISA plans to recommend a dividend of 1,265 pesos per share, distributing 50% of its profits to shareholders for the year.
In conclusion, ISA’s projected investment up to $33 billion by 2040 highlights the company’s commitment to expanding its power transmission capabilities and entering new markets, including the U.S. The anticipated investments are set to significantly enhance the company’s EBITDA while ensuring a rewarding dividend for shareholders, reflecting its continued financial growth and strategic planning in the energy sector.
Original Source: www.tradingview.com
