Grupo ICE reported a net profit of ₡73.157 million for the first half of 2025, according to its recently published financial statements. The corporation’s total revenues reached ₡729.780 million, with an operating surplus of ₡134.905 million. This results in an operating margin of 18.5%, which is 12 percentage points higher than what was recorded during the same period in 2024.
The company also showed improvements in its EBITDA margin and net margin, both at 39.1% and 10% respectively, representing a 13-point increase compared to June 2024. Expenses decreased by ₡127.600 million year-on-year, mainly due to lower fuel consumption for electric backup and reduced purchases on the Regional Electricity Market (MER).
Grupo ICE’s financial debt fell by ₡116.321 million during the first semester of 2025. Since December 2022, the company has managed to reduce its debt by a total of 23.9%.
Liquidity ratio stood at 1.89 times, indicating that Grupo ICE can meet its most immediate obligations with its most liquid assets and thus maintain stability. The company’s annual financial covenants remain compliant and are not expected to change by year-end.
The full financial statements and executive summary for the first half of 2025 are available for public download on www.grupoice.com.
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