Colombia: Cementos Argos reported consolidated sales of US$1.4bn in 2025 and shipped 9.3Mt of cement, similar year-on-year, reportedly affected by a slowdown in the housing segment in Colombia and the transformation of the business in Panama. In the fourth quarter of 2025, however, cement volumes rose by 3% year-on-year.
In Colombia, sales were US$757m and earnings before interest, taxation, depreciation and amortisation (EBITDA) reached US$219m, up by 4% year-on-year, with fourth-quarter EBITDA of US$61m. The producer shipped 3.9Mt domestically and exported 1.2Mt. In Central America and the Caribbean, Cementos Argos shipped 4.3Mt in 2025, up by 9% year-on-year, and 1Mt in the fourth quarter, up by 13%. Sales reached US$554m and EBITDA was US$141m. The producer said that the Dominican Republic and Puerto Rico saw ‘record’ levels of profitability, while Honduras and Guatemala showed ‘solid’ operating performance. In Panama, efficiencies offset the market contraction.
In 2025, the company re-entered the US market with the launch of Argos Materials LLC. It expects to generate between US$100m-150m in additional EBITDA through organic growth by 2030, with investments of less than US$500m and between US$100m-US$200m through selective acquisitions.
