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Human capital development

May 22, 2026

2025

The Human Capital Return on Investment (ROI) measures the company’s profitability in relation to total employee costs. By year-end 2025:

Revenue: $119.694

Operating Expenses: $93.015

Employee related expenses: $7.104

Expressed in billions of Colombian pesos (COP)

Source: 20F Report for the year 2025 (Consolidated income statement and notes 26 and 27)

Resulting HC ROI year 2025: 4.8

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