ISA anticipates investing $28.4 to $33.1 billion by 2040, with 67% targeting power transmission. CEO Jorge Carrillo highlights plans for expansion in Latin America and potential entry into the U.S. The company aims to double its EBITDA and has announced a dividend of 1,265 pesos per share, distributing half of its profits to shareholders.
ISA, the Colombian conglomerate, anticipates an investment ranging from $28.4 billion to $33.1 billion by the year 2040, as disclosed by CEO Jorge Carrillo. A prominent portion of this investment, approximately 67%, will be allocated to power transmission projects, with around 25% designated for new electricity initiatives and the remaining funds directed toward roadway development.
Carrillo further elaborated that ISA plans to engage in divestitures related to telecommunications and services infrastructure. He stated, “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. Besides being in the region, we would like to enter the U.S.”
ISA operates in various countries, including Colombia, Brazil, Chile, Peru, Bolivia, Central America, and Argentina. In 2024, the conglomerate invested 4.8 trillion pesos ($1.17 billion). These investments are intended to more than double its earnings before interest, taxes, depreciation, and amortization (EBITDA), which was reported at 9.7 trillion pesos last year.
Additionally, ISA’s net profit saw a 14% increase in 2024, amounting to 2.8 trillion pesos ($678.5 million). The company plans to propose a dividend of 1,265 pesos per share, which will result in the distribution of 50% of its 2024 profits to its shareholders.
In summary, ISA is poised for significant growth in investment, focusing primarily on power transmission while also looking to diversify into new markets, including the United States. The projected investments are projected to enhance the company’s financial performance substantially, as reflected in the positive growth of its net profit and EBITDA. The commitment to shareholder returns through dividends underscores ISA’s solid financial strategy moving forward.
Original Source: www.tradingview.com
