​

​

​

​

​

​

​

​

Limitation

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

on the

​

Maintenance

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

termination

​

for service

​

Asset concession

​

Revenues

​

​

​

​

​

​

​

​

of the

​

conditions

​

(Million COP)

​

(Million COP)

Business

  ​ ​ ​

Concessionaire

  ​ ​ ​

Country

  ​ ​ ​

Maturity

  ​ ​ ​

contract

  ​ ​ ​

Y/N

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

Intangible asset

​

​

​

​

​

​

​

​

  ​ ​ ​

​

​

​

  ​ ​ ​

​

​

​

Electric power

​

Consorcio Transmantaro S.A.

​

Peru

​

Sep-53

​

Y

​

Y

6,195,665

​

7,333,984

1,215,407

​

1,252,084

Electric power

​

Red de Energía del Perú S.A. - ISA REP

​

Peru

​

Sep-32

​

Y

​

Y

1,153,416

​

1,448,924

836,528

​

811,312

Electric power

​

ISA Perú S.A.

​

Peru

​

Apr-33

​

Y

​

Y

619,271

​

739,721

138,387

​

131,870

Total Peru

​

​

​

​

​

​

​

​

​

​

7,968,352

​

9,522,629

2,190,322

​

2,195,266

Electric power

​

ISA Bolivia

​

Bolivia

​

Jan-39

​

Y

​

Y

40,243

​

48,429

33,741

​

30,981

Electric power

​

Inteia S. A. S. (antes Sistemas Inteligentes de Red S. A. S.)

​

Colombia

​

Dec-25

​

Y

​

Y

—

​

665

37,255

​

33,777

Total concessions, Intangible asset

​

​

​

​

​

​

​

​

​

8,008,595

​

9,571,723

​

2,261,318

​

2,260,024

Contractual assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Electric power

​

ISA Energía Brasil S.A.

​

Brazil

​

Sep-52

​

Y

​

Y

19,225,760

​

16,785,220

4,863,726

​

3,840,524

Electric power

​

Interligação Elétrica Aguapeí S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

546,798

​

551,546

61,838

​

70,757

Electric power

​

Interligação Elétrica Itaquerê S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

463,987

​

471,989

52,030

​

54,788

Electric power

​

Interligação Elétrica Itaúnas S.A.

​

Brazil

​

Feb-47

​

Y

​

Y

447,335

​

451,017

56,716

​

70,667

Electric power

​

Interligação Elétrica Biguaçu S.A.

​

Brazil

​

Sep-48

​

Y

​

Y

376,117

​

382,111

40,000

​

40,240

Electric power

​

Interligação Elétrica Norte E Nordeste S.A.

​

Brazil

​

Mar-38

​

Y

​

Y

​

373,371

​

385,827

​

47,797

​

51,461

Electric power

​

Interligação Elétrica Jaguar 9 S.A.

​

Brazil

​

Oct-38

​

Y

​

Y

418,108

​

414,858

57,994

​

84,657

Electric power

​

Interligação Elétrica Serra do Japi S.A.

​

Brazil

​

Nov-39

​

Y

​

Y

​

337,627

​

346,684

​

39,679

​

49,773

Electric power

​

Interligação Elétrica de Minas Gerais S.A.

​

Brazil

​

Mar-50

​

Y

​

Y

446,370

​

435,705

64,067

​

68,798

Electric power

​

Interligação Elétrica Tibagi S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

​

271,197

​

230,114

​

71,706

​

50,635

Electric power

​

Interligação Elétrica Jaguar 6 S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

​

154,014

​

166,781

​

12,240

​

20,804

Electric power

​

Interligação Elétrica Evrecy S.A.

​

Brazil

​

Mar-50

​

Y

​

Y

426,643

​

441,438

43,563

​

194,823

Electric power

​

Interligação Elétrica Sul S.A.

​

Brazil

​

Oct-38

​

Y

​

Y

172,208

​

178,033

18,439

​

25,249

Electric power

​

Interligação Elétrica Itapura S.A.

​

Brazil

​

Sep-48

​

Y

​

Y

151,059

​

154,087

15,156

​

30,845

Electric power

​

Interligação Elétrica Jaguar 8 S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

203,622

​

110,630

108,197

​

20,489

Electric power

​

Interligação Elétrica Riacho Grande S.A.

​

Brazil

​

Mar-51

​

Y

​

Y

707,650

​

416,559

324,386

​

279,824

Electric power

​

Interligação Elétrica Pinheiros S.A.

​

Brazil

​

Oct-38

​

Y

​

Y

​

45,634

​

46,435

​

5,967

​

6,176

Total concessions, asset contractual

​

​

​

​

​

​

​

​

​

24,767,500

​

21,969,034

​

5,883,501

​

4,960,510

​

​

​

​

​

​

​

​

Limitation

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

on the

​

Maintenance for

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

termination

​

service

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

of the

​

conditions

​

Asset concession

​

Revenues

Business

  ​ ​ ​

Concessionaire

  ​ ​ ​

Country

  ​ ​ ​

Maturity

  ​ ​ ​

contract

  ​ ​ ​

Y/N

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

Financial asset

​

​

​

​

​

​

​

​

  ​ ​ ​

​

​

​

  ​ ​ ​

​

​

​

Electric power

​

ISA Energía Brasil S.A.

​

Brazil

​

Dec-42

​

Y

​

Y

65,094

​

143,786

827,237

​

940,992

Electric power

​

Interligação Elétrica Evrecy S.A.

​

Brazil

​

Mar-50

​

Y

​

Y

3,238

​

3,695

7,739

​

5,580

Electric power

​

Interligação Elétrica de Minas Gerais S.A.

​

Brazil

​

Mar-50

​

Y

​

Y

3,701

​

3,531

8,031

​

6,002

Electric power

​

Interligação Elétrica Pinheiros S.A.

​

Brazil

​

Oct-38

​

Y

​

Y

339

​

254

1,039

​

713

Electric power

​

Interligação Elétrica Serra do Japi S.A.

​

Brazil

​

Nov-39

​

Y

​

Y

5,257

​

3,310

9,119

​

6,943

Electric power

​

Interligação Elétrica Itaúnas S.A.

​

Brazil

​

Sep-48

​

Y

​

Y

3,231

​

2,266

4,751

​

4,784

Electric power

​

Interligação Elétrica Tibagi S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

​

2,326

​

822

​

3,411

​

6,434

Electric power

​

Interligação Elétrica Aguapeí S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

3,213

​

5,482

13,035

​

12,099

Electric power

​

Interligação Elétrica Itaquerê S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

2,987

​

3,918

7,254

​

3,213

Electric power

​

Interligação Elétrica Itapura S.A.

​

Brazil

​

Sep-48

​

Y

​

Y

1,258

​

1,504

6,458

​

6,197

Electric power

​

Interligação Elétrica Norte E Nordeste S.A.

​

Brazil

​

Mar-38

​

Y

​

Y

2,630

​

6,596

1,351

​

3,093

Electric power

​

Interligação Elétrica Sul S.A.

​

Brazil

​

Oct-38

​

Y

​

Y

974

​

1,699

2,035

​

2,661

Electric power

​

Interligação Elétrica Biguaçu S.A.

​

Brazil

​

Sep-48

​

Y

​

Y

2,395

​

3,547

10,447

​

10,629

Electric power

​

Interligação Elétrica Riacho Grande S.A.

​

Brazil

​

Mar-51

​

Y

​

Y

​

5,946

​

—

​

2,803

​

—

Electric power

​

Interligação Elétrica Jaguar 6 S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

1,371

​

2,574

3,770

​

3,189

Electric power

​

Interligação Elétrica Jaguar 8 S.A.

​

Brazil

​

Aug-47

​

Y

​

Y

​

1,041

​

1,103

​

2,012

​

1,769

Electric power

​

Interligação Elétrica Jaguar 9 S.A.

​

Brazil

​

Oct-38

​

Y

​

Y

​

3,242

​

8,496

​

6,837

​

12,549

Total Brazil

​

​

​

​

​

​

​

​

108,243

​

192,583

917,329

​

1,026,847

Roads

​

Ruta del Maipo Sociedad Concesionaria S.A.

​

Chile

​

Apr-35

​

Y

​

Y

​

6,312,424

​

6,412,889

​

1,218,232

​

877,003

Roads

​

Ruta del Loa Sociedad Concesionaria S.A.

​

Chile

​

Apr-49

​

Y

​

Y

​

1,543,347

​

1,537,355

​

190,050

​

323,645

Roads

​

Ruta de la Araucanía Sociedad Concesionaria S.A.

​

Chile

​

Oct-26

​

Y

​

Y

14,957

​

224,489

154,513

​

191,956

Roads

​

Ruta de los Ríos Sociedad Concesionaria S.A.

​

Chile

​

Mar-26

​

Y

​

Y

42,051

​

79,482

163,852

​

208,587

Roads

​

Ruta Orbital Sur Sociedad Concesionaria S.A.

​

Chile

​

Jun-70

​

Y

​

Y

48,810

​

23,523

27,314

​

22,862

Roads

​

Intervial Chile S.A.

​

Chile

​

Nov-42

​

Y

​

Y

1,162

​

—

215

​

—

Total Chile

​

​

​

​

​

​

​

​

7,962,751

​

8,277,738

1,754,176

​

1,624,053

Roads

​

Concesión Costera-Cartagena-Barranquilla S.A.S.-Ruta Costera

​

Colombia

​

Feb-42

​

Y

​

Y

​

2,103,684

​

2,168,476

​

368,091

​

262,890

Total Colombia

​

​

​

​

​

​

​

​

​

​

​

2,103,684

​

2,168,476

​

368,091

​

262,890

Roads

​

Ruta del Este Sociedad Concessionaria S.A.

​

Panama

​

Nov-42

​

Y

​

Y

​

351,320

​

53,605

​

234,028

​

49,512

Total Panama

​

​

​

​

​

​

​

​

​

​

​

351,320

​

53,605

​

234,028

​

49,512

Total concessions, financial asset

​

​

​

​

​

​

​

​

​

10,525,998

​

10,692,402

​

3,273,624

​

2,963,302

Total concessions

​

​

​

​

​

​

​

​

​

​

​

43,302,093

​

42,233,159

​

11,418,443

​

10,183,836