| Disclosure of investment in associates of ownership interest percentage |
| | | | | | | | | | |
|---|
| | December 31, 2025 | | December 31, 2024 |
|---|
| | Ownership | | Book | | Ownership | | Book |
|---|
| | interest | | value | | interest | | value |
|---|
Associates | | | | | | | | | | | Gas Natural de Lima y Callao S.A. - Cálidda | | 40 | % | Ps. | 573,723 | | 40 | % | Ps. | 699,910 | Gases del Caribe S.A. E.S.P. | | 31 | % | | 357,602 | | 31 | % | | 348,946 | Credibanco S.A. | | 25 | % | | 221,955 | | 25 | % | | 216,185 | Redeban Multicolor S.A. | | 20 | % | | 44,266 | | 20 | % | | 47,967 | A.C.H Colombia S.A. | | 34 | % | | 51,253 | | 34 | % | | 39,182 | Aerocali S.A. | | 50 | % | | 28,140 | | 50 | % | | 35,507 | ADL Digital Lab S.A.S. | | 34 | % | | 18,970 | | 34 | % | | 17,756 | Colombiana de Extrusión S.A. - Extrucol | | 30 | % | | 13,395 | | 30 | % | | 14,484 | Metrex S.A. | | 18 | % | | 2,253 | | 18 | % | | 2,089 | Energía Eficiente S.A. | | 33 | % | | 1,189 | | 33 | % | | 2,249 | Servicios de Identidad Digital S.A.S. (1) | | — | % | | — | | 33 | % | | 4,911 | | | | | Ps. | 1,312,746 | | | | Ps. | 1,429,186 |
(1) As of September 30, 2025, the Servicios de Identidad Digital S.A.S. associates was liquidated. There are no recorded liabilities or obligations associated with it.
|
| Disclosure of roll-forward of investments in associates and joint ventures accounts |
A roll-forward of investments in associates and joint ventures accounts is shown below for the years ended December 31, 2025, 2024 and 2023: Associates | | | | | | | | | | | | December 31, | | December 31, | | December 31, | | | 2025 | | 2024 | | 2023 | Balance at the beginning of the year | | Ps. | 1,429,186 | | Ps. | 1,288,641 | | Ps. | 1,419,296 | Acquisitions | | | — | | | 2,486 | | | 2,433 | Participation in the profit or loss of the period | | | 350,662 | | | 379,028 | | | 373,402 | Participation in Other Comprehensive Income | | | (56,424) | | | 15,329 | | | (35,892) | Dividends declared | | | (339,018) | | | (314,504) | | | (363,466) | Liquidated entity | | | — | | | — | | | (282) | Effect of movements in exchange rates (1) | | | (71,660) | | | 58,206 | | | (106,850) | Balance at the end of the year | | Ps. | 1,312,746 | | Ps. | 1,429,186 | | Ps. | 1,288,641 |
(1) Corresponds to the variation in the TRM during 2025 of Ps. (652.07) per dollar and for 2024 Ps. 587.10 per dollar. Joint ventures | | | | | | | | | |
|---|
| | December 31, | | December 31, | | December 31, |
|---|
| | 2025 | | 2024 | | 2023 |
|---|
Balance at the beginning of the year | | Ps. | 1,410 | | Ps. | 2,042 | | Ps. | 4,047 | Participation in the period profit or loss | | | 273 | | | (632) | | | (2,005) | Balance at the end of the year | | Ps. | 1,683 | | Ps. | 1,410 | | Ps. | 2,042 |
|
| Disclosure of condensed financial information of the associates accounted for under the equity method |
At the time calculating the equity method, the year-end financial information of some associates was not available. Therefore, the financial information of immediately preceding month for the years 2025 and 2024 was used. December 31, 2025 | | | | | | | | | | | | | | | | | | |
|---|
| | Assets | | Liabilities | | Equity | | Income | | Expenses | | Net income LTM |
|---|
Gas Natural del Lima y Callao S.A. - Cálidda | | Ps. | 6,204,218 | | Ps. | 4,803,759 | | Ps. | 1,400,459 | | Ps. | 3,734,932 | | Ps. | 3,291,043 | | Ps. | 443,889 | Gases del Caribe S.A. E.S.P. | | | 4,817,617 | | | 3,625,934 | | | 1,191,684 | | | 3,520,991 | | | 3,174,260 | | | 346,731 | Credibanco S.A. | | | 1,045,699 | | | 159,027 | | | 886,672 | | | 607,405 | | | 570,946 | | | 36,459 | Redeban Multicolor S.A. | | | 1,586,493 | | | 1,367,392 | | | 219,101 | | | 618,712 | | | 598,855 | | | 19,858 | A.C.H Colombia S.A. | | | 201,087 | | | 49,488 | | | 151,599 | | | 348,505 | | | 243,264 | | | 105,241 | Aerocali S.A. | | | 77,925 | | | 21,645 | | | 56,280 | | | 201,140 | | | 165,874 | | | 35,266 | ADL Digital Lab S.A.S. | | | 98,554 | | | 42,760 | | | 55,794 | | | 101,926 | | | 98,358 | | | 3,568 | Colombiana de Extrusión S.A. Extrucol | | | 126,511 | | | 81,864 | | | 44,646 | | | 154,728 | | | 147,213 | | | 7,515 | Metrex S.A. | | | 51,127 | | | 38,607 | | | 12,520 | | | 75,916 | | | 72,468 | | | 3,448 | Energía Eficiente S.A. | | | 123,107 | | | 105,497 | | | 17,610 | | | 380,634 | | | 379,815 | | | 818 | Servicios de Identidad Digital S.A.S.(1) | | | — | | | — | | | — | | | — | | | — | | | — |
(1) As of September 30, 2025, the Servicios de Identidad Digital S.A.S. associates was liquidated. There are no recorded liabilities or obligations associated with it. December 31, 2024 | | | | | | | | | | | | | | | | | | |
|---|
| | Assets | | Liabilities | | Equity | | Income | | Expenses | | Net income LTM |
|---|
Gas Natural de Lima y Callao S.A. - Cálidda | | Ps. | 6,979,152 | | Ps. | 5,251,752 | | Ps. | 1,727,400 | | Ps. | 3,647,158 | | Ps. | 3,223,946 | | Ps. | 423,212 | Gases del Caribe S.A. E.S.P. | | | 4,578,075 | | | 3,417,111 | | | 1,160,964 | | | 3,590,647 | | | 3,213,198 | | | 377,449 | Redeban Multicolor S.A. | | | 9,622,497 | | | 9,405,167 | | | 217,330 | | | 565,481 | | | 534,150 | | | 31,331 | Credibanco S.A. | | | 443,908 | | | 165,954 | | | 277,954 | | | 410,808 | | | 377,354 | | | 33,454 | A.C.H Colombia S.A. | | | 999,582 | | | 870,224 | | | 129,358 | | | 371,014 | | | 251,664 | | | 119,350 | Aerocali S.A. | | | 125,470 | | | 54,456 | | | 71,014 | | | 259,537 | | | 207,302 | | | 52,235 | ADL Digital Lab S.A.S. | | | 89,275 | | | 37,050 | | | 52,225 | | | 100,662 | | | 84,412 | | | 16,250 | Colombiana de Extrusión S.A. - Extrucol | | | 115,757 | | | 67,478 | | | 48,279 | | | 161,882 | | | 146,334 | | | 15,548 | Metrex S.A. | | | 44,452 | | | 32,841 | | | 11,611 | | | 67,163 | | | 64,669 | | | 2,494 | Energía Eficiente S.A. | | | 112,296 | | | 91,629 | | | 20,667 | | | 256,529 | | | 256,235 | | | 294 | Servicios de Identidad Digital S.A.S. | | | 31,639 | | | 17,367 | | | 14,272 | | | 145 | | | 4,478 | | | (4,333) |
|