Colbún
Logotype for Colbún S.A.

Colbún (COLBUN) investor relations material

Colbún Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Colbún S.A.
Q4 2025 earnings summary30 Jan, 2026

Executive summary

  • Signed purchase agreements in Chile with 92 clients for 846 GWh/year and in Peru with 26 clients for 63 MW contracted capacity in 2025.

  • Entered a 15-year PPA with Atlas Renewable Energy for a 230 MW BESS project to supply renewable energy.

  • Distributed $27M final dividend in May and $78M interim dividend in December 2025, totaling 50% of 2024 distributable net income.

  • Issued a $500M green bond at 5.4% coupon, lowest spread for a Chilean corporate bond in 20 years; $266M used to refinance 2027 bonds.

  • Acquired remaining 41.379% of Inversiones Las Canteras S.A., achieving 100% ownership of Fenix Power Perú.

Financial highlights

  • Consolidated operating income for Q4 2025 was $393M, up 2% year-over-year; EBITDA was $165M, down 5% year-over-year.

  • Net profit for the quarter was $31M, down from $54M in Q4 2024, mainly due to higher depreciation, lower EBITDA, and higher non-operating losses.

  • Consolidated raw materials and consumables cost rose 7% to $182M, driven by higher gas and transmission costs.

  • Cash balance decreased from $949M to $883M during the quarter.

  • Cumulative operating income for 2025 was $1,595.6M, up 1% year-over-year; cumulative EBITDA was $609.1M, down 5%.

Outlook and guidance

  • 2026 CapEx guidance: $50M for BESS Chaca, $130M for BESS Diego de Almagro Sur, $24M for Don Eduardo Substation, plus $70M in maintenance CapEx.

  • Bayóvar and Algarrobal projects in Peru will commence after securing new PPAs.

  • BESS project returns are not reliant on arbitrage spreads but are linked to PPAs.

  • Expecting significant unregulated segment opportunities in 2026, with auctions totaling ~3 TWh.

  • Growth strategy focuses on expanding renewable capacity in Chile and Peru, with several wind, solar, and battery projects under construction or in development.

BESS capacity payment impact on strategy
Rationale for 2026 gas supply strategy
Data center demand and expansion plans
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Colbún earnings date

Logotype for Colbún S.A.
Q1 202629 Apr, 2026
Colbún
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Colbún earnings date

Logotype for Colbún S.A.
Q1 202629 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Colbún S.A. is a utility company based in Chile, specializing in the generation and transmission of electricity. Colbún operates a diverse portfolio of power generation facilities, including hydroelectric, thermal (using coal, natural gas, and diesel), and renewable energy sources like wind and biomass. The company's extensive infrastructure includes a variety of power plants and a network of transmission lines that are integral to Chile's central interconnected grid. Colbún serves a mix of regulated and non-regulated clients and also engages in electricity trading. The company is headquartered in Las Condes, Santiago, Chile, and its shares are listed on the Santiago Stock Exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage