EL CLUB DE LAS CINCO MIL MÁS GRANDES
P16
larepublica.co
MARTES 4 DE AGOSTO DE 2026
El club de la 1 a la L A S C I N CO M I L E M P R E S A S MÁ S G R A N D E S E N 2 0 2 5
(*) ESTADOS FINANCIEROS CONSOLIDADOS // LAS CIFRAS CORRESPONDEN A LOS RESULTADOS SIN LAS COMPAÑÍAS FINANCIERAS ING. OPERACIONALES
RANK. 2025 RAZÓN SOCIAL 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93
ECOPETROL* EPM* ORGANIZACIÓN TERPEL* AVIANCA* REFICAR ALMACENES ÉXITO* D1 SAS GRUPO NUTRESA* JERÓNIMO MARTINS COLOMBIA (ARA) COMCEL - CLARO ENEL COLOMBIA ESP* ISA* COLOMBIANA DE COMERCIO S.A. (ALKOSTO SA) KOPPS COMMERCIAL GRUPO ARGOS* EPS SANITAS EPS SURA PRIMAX COLOMBIA CENIT BAVARIA SALUD TOTAL EPS COMPENSAR GRUPO EEB* (GEB ESP) DRUMMOND PROMIGAS ESP* SUPERTIENDAS Y DROGUERÍAS OLÍMPICA GRUPO CIBEST SODIMAC COLOMBIA COLSUBSIDIO GRUPO BIOS SAS* OLEODUCTO CENTRAL SA DROGUERÍAS Y FARMACIAS CRUZ VERDE COLOMBIA TELECOMUNICACIONES ESP (MOVISTAR) * UNE EPM TELECOM* CARIBEMAR DE LA COSTA ESP CHEVRON PETROLEUM COMPANY CELSIA SA ESP* METRO LÍNEA 1 SAS CELSIA COLOMBIA SA ESP* INDEGA SA ISAGEN ESP FAMISANAR CEMENTOS ARGOS* VANTI - GAS NATURAL ESP CARBONES DEL CERREJÓN COLANTA MUTUAL SER BIOMAX SA CENCOSUD COLOMBIA DISTRACOM SA CONTINENTAL GOLD AUTOMOTORES TOYOTA COLOMBIA ITALCOL SA FRONTERA ENERGY COL. SAMSUNG ELECTRONICS COLOMBINA* TECNOQUÍMICAS COPIDROGAS PETROMIL CARVAJAL SA* EMCALI ESP CAFAM GASEOSAS LUX SURAMÉRICA COMERCIAL RENAULT SOFASA ARIS MINING SEGOVIA GASES DEL CARIBE SA ESP* CI ESLOP SAS MINEROS SA* POSTOBÓN SA* VERANO ENERGY (SWITZERLAND) AG SUCURSAL CONTEGRAL SAS COLOMBIA MÓVIL SA ESP CI TRAFIGURA PETROLEUM COLOMBIA MASSER SAS SAVIA SALUD EPS COLSANITAS CCF DE ANTIOQUIA: COMFAMA ALIMENTOS CÁRNICOS SAS EMSSANAR SAS LATAM AIRLINES COLOMBIA EAAB ESP PRICESMART COLOMBIA SAS GRUPO SURA METROKIA INVERSIONES MANUELITA SA* GASES DE OCCIDENTE ESP* HOCOL SA CI ENERGÍA SOLAR SAS ESWINDOWS TELEPERFORMANCE COLOMBIA SAS AMARILO SAS* TAMPA CARGO SAS AVSA SA
ACTIVOS
MILLONES DE PESOS 2025
VAR. % ‘24-’25
MILLONES DE PESOS 2025
119.694.000 40.561.219 38.147.135 23.281.086 22.395.205 22.008.360 21.606.608 20.578.988 16.370.447 16.351.045 16.055.769 15.918.005 14.583.929 12.976.630 11.748.791 11.742.205 11.493.896 11.064.509 9.925.244 9.337.112 9.285.072 8.628.088 8.015.650 7.857.281 7.337.596 7.053.581 6.947.795 6.944.743 6.614.045 6.504.055 6.287.231 6.203.113 6.196.670 5.621.580 5.612.728 5.581.924 5.395.120 5.333.886 5.318.342 5.317.415 5.242.489 5.174.645 5.155.682 4.733.745 4.665.457 4.638.244 4.598.630 4.507.658 4.439.998 4.302.526 4.160.372 3.924.340 3.819.707 3.796.131 3.617.134 3.542.061 3.539.346 3.521.167 3.509.200 3.506.519 3.493.805 3.467.827 3.450.913 3.373.479 3.344.948 3.278.030 3.267.380 3.217.146 3.214.070 3.173.873 3.169.181 3.116.526 3.114.288 3.100.601 3.084.542 3.038.732 3.004.767 2.991.259 2.963.985 2.961.957 2.956.122 2.782.535 2.766.576 2.750.129 2.716.956 2.698.016 2.697.174 2.682.490 2.651.840 2.633.890 2.633.276 2.626.301 2.616.699
-10,23 -2,23 4,32 10,60 -13,40 0,58 11,15 10,70 18,36 4,80 -5,86 6,58 22,74 8,64 -7,39 9,34 5,45 5,16 -0,53 8,37 14,39 0,90 0,55 -31,65 -0,35 -1,06 ND 15,92 -14,56 10,62 5,22 12,55 -7,27 3,77 -11,63 -4,89 -20,74 129,99 -20,87 2,43 -14,56 2,59 -2,71 11,59 -22,85 13,71 3,62 -0,11 5,39 11,05 43,43 -2,58 19,77 -10,68 13,45 7,04 12,92 14,29 15,79 -2,40 -0,83 -2,69 13,06 17,57 36,84 75,61 -0,66 62,76 46,04 9,25 -42,20 9,64 5,35 -36,34 11,67 4,40 13,82 9,96 4,20 0,02 18,46 7,54 17,19 -59,41 42,92 3,80 -3,42 0,82 1,03 -0,80 8,07 9,44 7,99
284.137.000 87.230.033 9.603.781 36.744.363 34.946.246 17.421.786 6.939.606 27.419.325 9.566.191 27.193.717 31.590.737 76.130.262 6.380.679 5.154.630 37.636.229 2.211.230 2.714.605 2.217.906 19.715.124 13.553.692 3.332.403 7.332.331 46.502.039 7.373.772 20.685.380 6.108.306 42.187.088 4.312.850 8.303.142 4.552.448 6.927.592 4.254.250 14.277.710 10.535.400 7.406.564 1.755.419 14.201.545 6.305.838 13.506.623 3.427.100 25.989.635 890.641 17.208.128 2.604.468 6.755.600 1.809.677 570.174 1.629.623 5.706.665 2.241.758 3.906.864 820.123 1.084.644 4.303.448 1.547.688 2.782.262 4.514.258 1.561.879 1.133.173 4.147.848 8.955.659 5.297.205 2.337.557 2.125.374 1.605.495 3.413.817 3.879.538 113.991 2.821.627 5.695.591 12.770.848 1.483.468 6.607.043 519.325 135.191 140.309 2.208.117 2.540.761 4.422.580 518.255 1.360.862 12.938.292 1.230.987 23.588.565 1.390.650 4.017.955 2.979.762 4.148.751 2.036.951 1.277.498 7.488.055 2.915.715 1.560.006
EBIT PATRIMONIO VAR. % MILLONES $ 2025 ‘24-’25 -5,71 4,54 -5,62 -9,40 -11,54 -0,76 9,77 61,84 16,61 1,16 2,25 -1,12 14,98 -17,53 -27,42 -1,33 17,60 8,58 -3,64 -0,45 -5,13 10,80 0,71 -36,95 1,34 6,60 ND 4,11 -3,58 20,73 -10,58 2,62 -1,26 6,01 2,46 5,06 -6,03 90,91 -3,26 7,80 6,98 4,11 -13,72 14,46 -23,45 -1,40 -0,67 1,21 -2,12 19,91 -15,63 -16,18 8,65 -45,52 1,96 6,76 7,01 10,81 6,79 -2,19 3,08 1,26 9,25 43,74 26,85 49,46 3,04 72,48 9,95 0,83 -7,84 26,33 16,57 -7,41 1,96 3,61 3,75 5,45 48,92 37,92 -2,10 9,95 1,89 -23,82 9,03 0,12 1,41 -10,19 5,12 -13,99 6,06 -1,05 26,16
26.679.000 10.377.508 1.292.769 3.253.650 -675.421 1.186.292 982.485 2.403.358 18.450 1.869.071 6.085.421 7.335.965 739.135 1.612.241 2.044.935 -1.685.903 -274.210 272.915 3.640.375 2.595.814 -65.354 ND 2.838.524 -79.373 1.990.278 74.593 6.805.261 610.851 304.249 685.283 4.886.122 95.781 -122.191 1.148.414 ND 128.180 1.149.591 ND 1.184.082 218.415 2.881.045 -260.389 661.730 722.212 -530.192 53.450 -289.061 158.489 -54.616 178.413 2.402.656 433.481 303.995 197.029 114.258 301.982 181.463 3.654 ND 518.626 224.187 ND 410.014 304.915 107.086 1.543.243 471.005 27.904 961.206 651.346 -444.958 248.557 1.014.746 5.729 -14.800 -596.717 366.432 117.296 271.572 ND 12.931 880.560 87.160 1.724.426 218.269 335.512 413.503 458.214 150.718 198.293 428.834 ND 188.994
UTILIDAD NETA
VAR. % ‘24-’25
MILLONES DE PESOS 2025
VAR. % ‘24-’25
MARGEN EBIT 2025
ROA %
ROE %
DEUDA ACT. %
-0,66 7,53 1,88 7,48 -15,22 2,84 -1,26 -23,91 15,98 -2,20 1,85 0,14 9,42 5,81 -39,91 >150 105,25 23,34 -3,49 23,53 41,26 -5,75 1,27 -41,50 2,12 4,68 ND 2,05 6,99 12,33 -13,72 0,61 -45,26 67,91 -19,36 40,88 -4,23 146,74 5,37 3,08 6,50 31,14 -19,35 11,97 -29,64 2,17 >150 15,84 -3,76 25,39 -1,06 -19,64 31,00 -63,74 19,16 -3,12 10,28 7,22 14,28 2,21 9,01 2,43 -17,80 19,72 31,84 47,68 -4,28 60,31 7,18 -8,78 -22,01 17,27 94,24 -6,90 <-150 35,05 -1,23 4,25 -14,65 19,12 -91,07 6,01 8,61 -27,42 18,99 -0,03 1,19 -13,29 14,22 -16,42 -2,22 -18,99 7,96
9.029.000 4.979.411 628.486 1.126.359 -821.399 592.108 418.933 1.235.765 -579.417 962.886 3.030.007 2.420.318 403.753 1.133.656 2.809.671 -1.661.499 65.215 150.125 5.123.371 3.340.116 194.840 -148.754 3.178.242 215.285 1.073.912 80.590 3.704.009 345.766 193.251 384.709 3.072.718 4.297 -1.611.308 242.601 -672.504 85.104 206.406 764.369 426.549 -1.163 882.203 -684.430 2.505.553 544.390 -617.286 6.210 -255.859 90.449 -138.038 87.452 1.873.712 283.369 222.855 -1.983.319 60.819 100.161 520.307 42.172 47.861 36.107 418.887 41.129 168.716 181.959 54.699 874.721 294.774 13.646 594.512 219.230 -80.143 148.380 374.783 2.975 -15.012 -390.716 181.000 89.080 161.088 -388.209 -35.103 546.572 25.956 1.641.954 108.268 135.062 184.871 529.989 171.863 30.785 188.415 -27.979 170.791
-39,54 9,64 18,41 115,64 >150 >150 12,25 64,49 -3,64 39,02 34,55 -13,80 -17,97 6,76 -38,17 78,77 12,79 -5,46 -2,77 44,83 >150 -57,04 29,08 -77,52 1,63 26,61 ND 22,23 11,75 -13,41 -0,71 -92,31 >150 >150 >150 4,73 -7,01 >150 31,03 -97,44 -2,48 -9,94 -54,61 18,24 -20,16 1,19 111,67 -13,64 -54,65 13,58 137,20 -19,55 76,66 >150 89,35 -20,30 22,26 -25,17 7,03 -144,85 >150 >150 24,84 6,58 <-150 97,19 -8,00 49,65 67,89 20,15 -111,46 8,19 3,21 -23,89 <-150 19,17 -17,62 33,84 -7,57 <-150 -85,43 55,44 <-150 -69,20 68,60 -12,71 -9,34 >150 -14,38 -83,80 -19,82 <-150 -20,53
22,29 25,58 3,39 13,98 -3,02 5,39 4,55 11,68 0,11 11,43 37,90 46,09 5,07 12,42 17,41 -14,36 -2,39 2,47 36,68 27,80 -0,70 ND 35,41 -1,01 27,12 1,06 97,95 8,80 4,60 10,54 77,72 1,54 -1,97 20,43 ND 2,30 21,31 ND 22,26 4,11 54,96 -5,03 12,83 15,26 -11,36 1,15 -6,29 3,52 -1,23 4,15 57,75 11,05 7,96 5,19 3,16 8,53 5,13 0,10 ND 14,79 6,42 ND 11,88 9,04 3,20 47,08 14,42 0,87 29,91 20,52 -14,04 7,98 32,58 0,18 -0,48 -19,64 12,20 3,92 9,16 ND 0,44 31,65 3,15 62,70 8,03 12,44 15,33 17,08 5,68 7,53 16,29 ND 7,22
3,18 5,71 6,54 3,07 -2,35 3,40 6,04 4,51 -6,06 3,54 9,59 3,18 6,33 21,99 7,47 -75,14 2,40 6,77 25,99 24,64 5,85 -2,03 6,83 2,92 5,19 1,32 8,78 8,02 2,33 8,45 44,35 0,10 -11,29 2,30 -9,08 4,85 1,45 12,12 3,16 -0,03 3,39 -76,85 14,56 20,90 -9,14 0,34 -44,87 5,55 -2,42 3,90 47,96 34,55 20,55 -46,09 3,93 3,60 11,53 2,70 4,22 0,87 4,68 0,78 7,22 8,56 3,41 25,62 7,60 11,97 21,07 3,85 -0,63 10,00 5,67 0,57 -11,10 <-150 8,20 3,51 3,64 -74,91 -2,58 4,22 2,11 6,96 7,79 3,36 6,20 12,77 8,44 2,41 2,52 -0,96 10,95
8,26 13,57 18,42 22,20 -3,51 7,18 > 150 22,81 < -150 9,91 19,52 8,55 13,80 72,84 14,36 62,49 51,23 21,96 30,39 65,25 42,72 -6,99 15,80 4,77 15,28 3,42 9,22 19,37 5,65 14,43 76,98 0,61 -84,45 36,12 -23,95 10,73 4,00 57,86 8,54 -0,15 14,89 23,75 22,28 69,57 -18,28 0,79 96,51 13,67 -3,90 6,50 64,26 99,29 30,59 -98,15 16,08 25,38 14,48 5,09 12,50 4,21 7,69 1,63 20,31 19,40 24,16 32,38 52,41 43,42 30,79 8,48 -1,86 21,95 48,46 9,14 > 150 25,96 17,76 7,14 15,36 17,61 < -150 8,90 5,47 10,56 20,34 7,64 29,87 20,66 12,45 4,17 7,36 -4,54 17,64
61,55 57,94 64,47 86,19 33,10 52,69 96,90 80,24 99,45 64,29 50,86 62,82 54,16 69,81 48,02 > 100 95,31 69,17 14,49 62,23 86,31 70,99 56,73 38,81 66,03 61,42 4,81 58,60 58,79 41,42 42,38 83,41 86,64 93,63 62,09 54,81 63,63 79,05 63,00 77,20 77,21 > 100 34,64 69,96 50,01 56,32 > 100 59,41 38,04 39,98 25,36 65,20 32,84 53,04 75,57 85,82 20,39 46,92 66,20 79,32 39,17 52,34 64,47 55,87 85,90 20,88 85,50 72,43 31,58 34,68 66,30 54,43 88,29 93,73 > 100 > 100 53,85 50,90 76,28 > 100 99,74 52,55 61,48 34,06 61,72 51,59 79,23 38,18 32,23 42,24 65,82 78,87 37,92