Nutresa overtakes Ecopetrol as Colombia's most valuable listed company

Grupo Nutresa has surpassed 135 trillion pesos in market capitalization, displacing Ecopetrol as Colombia's most valuable listed company. The milestone came a day after reporting first-quarter results. Nutresa shares reached 304,000 pesos, up 1,034% since the first takeover bid in 2021.

Nutresa's market capitalization exceeded 135 trillion pesos, compared with just over 100 trillion for Ecopetrol. The food company sustained growth in revenues and profits, while the state oil firm has seen declines in its value since 2022.

Jaime Gilinski, president of the holding, highlighted the strength of corporate capabilities after 2025 results, when revenues reached 20.6 trillion pesos and profits 1.2 trillion. Since taking majority control, he promised to strengthen the conglomerate with greater international reach.

Nutresa, founded in 1920, operates in more than 80 countries and aims to recover its share in Venezuela, where it previously accounted for 25% of revenues. Gilinski expects sales between 6 and 10 million dollars this year in that market, with projected growth for 2027 and 2028.

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Illustration of Ecopetrol's Q1 2026 profits with oil facilities, charts, and Colombian elements for a news article.
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Ecopetrol reports $2.8 trillion profit in first quarter

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Colombian state oil company Ecopetrol announced profits of $2.8 trillion and revenues of $28.6 trillion for the first quarter of 2026. Earnings fell 7.7% from the same period in 2025. The Ebitda margin reached 47%.

Ecopetrol shares closed at $2,685 on the BVC, their highest since October 2023, and the ADR hit US$14.62, a high not seen since June 2022. This comes amid the crisis over president Ricardo Roa's indictment for alleged influence peddling. The USO union demands his removal and threatens a strike.

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Fedesarrollo and BVC's Financial Opinion Survey showed Ecopetrol's ordinary share and Cibest's shares as the most sought-after by analysts in April, with 41.7% selections. Analysts expect the intervention rate to range from 11.7% to 12% through July. They also foresee appreciation in the MSCI Colcap index over the next three months.

Grupo Éxito's CEO, Carlos Calleja, did not rule out international expansion this year during the group's earnings presentation. He confirmed that in 2026 they will launch a more aggressive strategy for growth in store square footage. He highlighted Colombia as the economic engine and Uruguay as the most stable market.

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President Gustavo Petro declared an economic emergency to address the crisis from heavy rains in northern Colombia. The measure aims to raise $8 billion through a temporary wealth tax on large companies and other levies. Critics question the management of existing resources and warn of economic impacts.

Banco GNB Sudameris reported a net profit of $1.8 trillion at the end of 2025, a 570.84% increase from 2024. This placed it as Colombia's second most profitable bank, behind only Bancolombia.

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Unilever CEO Fernando Fernández has led a comprehensive corporate overhaul for a year. The food division was recently spun off for $66 billion into a joint venture with a US spice company. The focus shifts to beauty, wellness, and personal care.

 

 

 

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