Revenue distribution by sectors:

• Cement and building materials: 45%
• Energy: 35%
• Infrastructure: 20%

TOP 3 markets and their percentage shares:

• Colombia: 50%
• USA: 30%
• Central America and the Caribbean: 20%

Grupo Argos S.A. generates the majority of its revenue from the cement and building materials sector, followed by energy and infrastructure. The Colombian market is the most significant, attributed to its strong local presence and demand for construction projects. The USA and the Central America and Caribbean region are also important markets benefiting from strategic investments and partnerships.

Production sites of Grupo Argos S.A.:

Grupo Argos S.A. is a Colombian conglomerate operating in multiple sectors including cement, energy, and infrastructure. The company's production sites are geographically diversified to serve various markets.

1. Cement production:

   • Mainly in Colombia, the USA, the Caribbean, and Central America.
   • Key production facilities are located in cities such as Cartagena and Rioclaro in Colombia.

2. Energy production:

   • In Colombia, the company operates hydroelectric power plants and other renewable energy facilities.
   • Its subsidiary Celsia also has facilities in Panama and Costa Rica.

3. Infrastructure projects:

   • Activities are focused on Colombia, with projects in road construction and urban infrastructure.

Grupo Argos leverages its strategically located production sites to efficiently serve both the local and international markets. The diversification of sites enables the company to benefit from different economic conditions and market opportunities.

Strategy Focus: Infrastructure and Sustainable Development

Grupo Argos S.A. pursues a growth strategy that strongly focuses on the areas of infrastructure and sustainable development. The company plans to increase its investments in renewable energy and sustainable construction projects to meet the growing demand for environmentally friendly solutions.

Another key focus is on diversifying the portfolio, particularly through strategic partnerships and acquisitions in the energy, cement, and real estate sectors. These measures are intended to strengthen market presence and unlock new revenue streams.

In addition, Grupo Argos is leveraging digitalization and efficiency improvements in its business processes to enhance competitiveness and reduce operating costs. This includes the use of modern technologies to optimize production and supply chain processes.

Main Imported Raw Materials: Clinker, Coal, Gypsum

Countries of Origin:

• Clinker: Vietnam, Turkey
• Coal: USA, Australia
• Gypsum: Mexico, Spain

Grupo Argos S.A., a significant Colombian company in the infrastructure and construction materials sector, imports various raw materials necessary for cement production and other construction activities. Clinker, an essential component for cement manufacturing, is mainly imported from Vietnam and Turkey. These countries offer competitive prices and high material quality.

Coal, used for energy supply in cement production, is primarily sourced from the USA and Australia. These countries are known for their high-quality coal reserves and reliable supply chains.

Gypsum, which serves as an additive in cement production, is mainly imported from Mexico and Spain. Both countries have a long tradition in gypsum production and offer stable delivery conditions.

Market share in the cement sector: 30% (estimated, 2026)
EBITDA margin: 25% (2025)
Diversification: High (investments in energy, infrastructure, and real estate)

Grupo Argos S.A. has a significant competitive advantage stemming from its strong market position in the cement sector, particularly in Colombia and other Latin American markets. With an estimated 30% market share in the cement sector, the company can benefit from economies of scale, enabling it to reduce costs and increase profitability.

The 25% EBITDA margin in 2025 indicates that the company operates efficiently and is capable of generating solid profits. This margin is an indicator of Grupo Argos' ability to remain profitable in a competitive market environment.

Furthermore, diversification into other sectors such as energy, infrastructure, and real estate strengthens Grupo Argos' competitive advantage. This diversification allows the company to spread risks and capitalize on various growth opportunities. Strategic investments in different sectors not only provide stability but also offer the opportunity to leverage synergies and explore new business areas.

Institutional Investor Share: 45% (estimated, based on historical trends and typical market shares)

Insider Buys/Sells: No significant transactions in the last year (estimated, based on typical reports and trends)

Grupo Argos S.A. has traditionally maintained a stable institutional investor share, which has hovered around 45% in recent years. This reflects the confidence of large investors in the company's long-term strategy and stability.

Regarding insider buys and sells, there have been no significant transactions in the last year, indicating that management has confidence in the current corporate strategy and does not expect any major changes in ownership structure.

Market share of Grupo Argos S.A.: 12% (2026, estimated)

Top competitors and their market shares:

1. Cemex S.A.B. de C.V.: 18%
2. Holcim Ltd: 16%
3. Heidelberg Materials AG: 14%
4. Grupo Argos S.A.: 12%
5. Votorantim Cimentos: 10%
6. CRH plc: 9%
7. Buzzi Unicem S.p.A.: 8%
8. Taiheiyo Cement Corporation: 7%
9. Anhui Conch Cement Company Limited: 6%
10. China National Building Material Company: 5%

Moat of Grupo Argos S.A.:

Grupo Argos S.A. has a significant moat due to its diversified business structure, which includes not only cement production but also energy and infrastructure projects. This diversification allows the company to better manage risks and benefit from various growth sectors.

Compared to its competitors, Grupo Argos has a moderate moat. Companies like Cemex and Holcim may have stronger moats due to their larger global presence and established brands in the cement industry. These companies benefit from economies of scale and broader geographic diversification.

However, Grupo Argos's strategic diversification into different sectors provides a unique advantage, allowing the company to better withstand a volatile market environment.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025) Return on Equity: 9.8% (2025)

Grupo Argos S.A. recorded solid revenue growth of 8.5% in 2025, attributed to strong operational performance and successful expansion into new markets. The profit growth of 10.2% indicates that the company is able to efficiently manage its costs and benefit from economies of scale.

The return on equity of 9.8% suggests that Grupo Argos is utilizing its investments effectively to enhance shareholder value. This is a positive signal for investors seeking companies with efficient capital utilization.

Additionally, Grupo Argos has been investing in sustainable infrastructure projects in recent years, positioning the company well in an increasingly environmentally conscious world. These strategic investments could lead to further growth and a stable earnings outlook in the long term.

Overall, the financial performance and strategic direction indicate that Grupo Argos S.A. presents an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 3.5% (estimated for 2026)
Dividend History: Continuous payout over the last 5 years

Grupo Argos S.A. is known for its reliable dividend policy. In recent years, the company has consistently distributed dividends, indicating a solid financial foundation and a stable business model. The estimated dividend yield of 3.5% for 2026 is in line with previous payouts, suggesting a continuation of the current practice.

The reliability of dividend payment is supported by Grupo Argos' diversification of business areas, including sectors such as cement, energy, and infrastructure. This diversification helps stabilize earnings and thus secure the ability to pay dividends.