Cementos Argos SA (BOG:CEMARGOS)

Q4 2025 Cementos Argos SA Earnings Call Transcript

Feb 19, 2026 / 03:00PM GMT

Release Date Price: COP12100 (-0.66%)

Transcript

Key Points

Positve

Cementos Argos SA (CMTOY) achieved an EBITDA of COP1.28 trillion with a 25% margin, one year ahead of schedule.
The company reported a record year in shareholder distributions, returning over COP3.5 trillion through dividends, buybacks, and spin-offs.
Cementos Argos SA (CMTOY) successfully reentered the US market with the launch of its aggregates platform, securing strategic positions on the Southeastern Coast.
The company demonstrated strong operational performance in Latin America, particularly in Colombia, with a recovery in cement market volumes.
Cementos Argos SA (CMTOY) is strategically positioned for growth in Venezuela, leveraging brand recognition and operational experience.

Negative

The company faced a decline in exports from Colombia due to the shutdown of kiln number three in Cartagena and reduced demand from the US.
Ready-mix volumes decreased by 12%, impacted by a slowdown in the housing segment in Colombia and strategic changes in Panama.
Cementos Argos SA (CMTOY) anticipates challenges in margin expansion due to presidential transitions in key markets like Honduras and Colombia.
The company recorded impairments related to clinker inventory in Panama and operations in Puerto Rico, impacting financial results.
Higher minimum wages in Colombia are expected to impact costs, posing a challenge to maintaining high EBITDA margins.

Carolina Velasquez Zuluaga

Cementos Argos SA - IR Contact Officer

Good morning, everyone. Thank you for being here with us today to discuss our fourth quarter results. My name is Carolina Velasquez. I am Cementos Argos' Investor Relations Officer, and I will be hosting today's call. On the call today are Juan Esteban Calle, our CEO; Felipe Aristizabal, our CFO; MarÃa Isabel Echeverri, VP of Legal Affairs; Carlos Yusty, VP of the Colombia Division; Gustavo Uribe, Leader of Central America; and Jason Teter, the newly appointed CEO of Argos Materials.

First, I would like to ask you to carefully read the legal disclaimer that is currently being projected on the screen, which is also available on the presentation that is posted on our website.

Please consider that all the discussions of the financial and operational results held during the call will be based on the adjusted figures, excluding nonrecurring and noncore operations. For a detailed reconciliation of the adjustments, please refer to the annexes of our presentation. Today, after the initial remarks, there will be a Q&A

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.