Energy generation: approx. 70%
Renewable energies: approx. 20%
Other services: approx. 10%

TOP 3 markets:

1. Chile: approx. 75%
2. Peru: approx. 15%
3. Colombia: approx. 10%

Colbún S.A. is mainly active in the field of energy generation, with the majority of revenues coming from conventional energy generation. However, a growing share comes from renewable energies, reflecting the company's strategic focus on sustainable energy sources.

The Chilean market is the dominant market for Colbún, followed by Peru and Colombia, which also make significant contributions to revenue. These markets offer growth opportunities for the company due to their economic development and increasing energy demand.

Production sites of Colbún S.A.:

Colbún S.A. is a leading energy supply company in Chile. The company's main production sites are located in Chile, where it operates a variety of power plants, including hydroelectric power plants, thermal power plants, and wind farms.

The company specializes in the generation and distribution of electricity, taking advantage of Chile's geographical and climatic conditions to promote renewable energies, especially hydroelectric power. Colbún operates several large hydroelectric power plants along the Andes, which account for a significant portion of their energy production.

In addition, in recent years Colbún has invested in expanding wind and solar power plants to diversify its energy generation and increase the share of renewable energies. These renewable energy projects are also located in various regions of Chile.

Investments in Renewable Energies: $1.5 billion by 2026
Planned Capacity Expansion: 1,000 MW from renewable sources by 2026

Colbún S.A. is pursuing a strategy that is heavily focused on expanding renewable energies. The company plans to invest approximately $1.5 billion by 2026 in the expansion of solar and wind power plants. These investments are intended to increase capacity by 1,000 megawatts, making a significant contribution to reducing CO2 emissions and achieving sustainability goals.

In addition, Colbún is focusing on optimizing existing facilities and implementing new technologies to increase efficiency. These measures are aimed at reducing operating costs and enhancing competitiveness in the energy market. Through partnerships and strategic alliances, the company plans to strengthen its market presence both nationally and internationally.

Imported Raw Materials: Coal, Natural Gas, Oil

Main Supplier Countries: Australia, USA, Indonesia

Colbún S.A. is a significant energy provider in Chile that relies on various energy sources to generate electricity. The company mainly imports fossil fuels such as coal, natural gas, and oil to operate its thermal power plants.

Australia and Indonesia are important coal suppliers, while the USA is a significant source of natural gas and oil. These imports are crucial to ensure energy supply security in Chile and meet the demand for electricity, especially during times when renewable energy sources such as hydropower or wind power are insufficient.

Market Share: Approximately 20% in the Chilean energy market (2025)

Generation Capacity: 3,800 MW (2025)

Colbún S.A. is one of the leading energy providers in Chile and holds a significant market share of about 20% in the Chilean energy market. This gives the company a strong competitive advantage, especially through its diversified generation capacity, which includes both hydroelectric and thermal energy.

Another advantage of Colbún is its strategic investment in renewable energies, helping the company to adapt to changing market conditions and increasing demand for sustainable energy sources. The continuous expansion of their capacities and the optimization of operational efficiency further strengthen their position in the market.

In addition, Colbún benefits from stable long-term supply contracts, ensuring a reliable source of income and reducing the risk of price fluctuations in the energy market. Together, these factors make Colbún a strong player with a sustainable competitive advantage in the region.

Institutional Investor Share: Approx. 45% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant changes reported (2026)

Colbún S.A. has traditionally maintained a stable share of institutional investors, which has hovered around 45% in recent years. These investors value the company's stability and growth potential in the energy sector.

Regarding insider buys and sells, there were no significant transactions in 2026 that would indicate a change in management's confidence in the company's future development. This suggests a stable internal assessment of the company's situation.

Market share of Colbún S.A.: 12% (estimated 2026)

Main competitors and their market shares:

1. Enel Chile S.A.: 25%
2. AES Andes S.A.: 20%
3. Engie Energía Chile S.A.: 18%
4. Colbún S.A.: 12%
5. SAESA Group: 8%
6. CGED (Compañía General de Electricidad): 7%
7. E-CL S.A.: 5%
8. Others (various smaller providers): 5%

Colbún S.A. holds a significant market share of around 12% in the Chilean energy market, making it one of the larger players. The biggest competitor, Enel Chile S.A., dominates with a market share of 25%.

Colbún S.A.'s moat primarily lies in its strong position in renewable energies, especially through hydroelectric power plants, which provide a stable and cost-effective source of energy. This gives the company some protection against price fluctuations and dependencies on fossil fuels.

Compared to competitors, Enel Chile has a wider moat due to its diversified portfolio of energy sources and larger geographical reach. AES Andes and Engie Energía Chile also benefit from diversified energy generation and international connections, giving them a strategic advantage.

Overall, Colbún S.A. has a solid but not insurmountable moat. The competition has stronger positions in some areas, such as diversification and international presence.

Revenue Growth: 5.8% (2025) EBITDA Margin: 42% (2025) Net Debt Ratio: 1.2 (2025)

Colbún S.A. recorded a revenue growth of 5.8% in 2025, indicating stable demand for energy and successful operational strategies. The EBITDA margin of 42% demonstrates strong operational efficiency and the ability to generate high profits from revenues.

The net debt ratio of 1.2 suggests that the company has moderate debt levels, which are manageable compared to its earnings. This is a positive sign for financial stability and the ability to make future investments.

In summary, Colbún S.A. could be an attractive investment opportunity due to its solid financial performance and operational efficiency. However, potential investors should also consider external factors such as market conditions and regulatory changes in the energy sector.

Dividend Yield: 5.2% (2025)
Dividend History: Continuous payout over the last 5 years

Colbún S.A. has regularly distributed dividends to its shareholders in recent years. In 2025, the dividend yield was 5.2%, indicating an attractive return for investors. The reliability of dividend payments is underscored by the continuous payout over the last five years.

The company has a solid financial foundation and a stable earnings situation, suggesting a continuation of this practice in the near future. Therefore, investors can rely with a certain degree of confidence on dividends from Colbún S.A.