ECOPETROL S.A.

Ecopetrol S.A. announced that it received approximately COP 1 trillion from the National Government for the Fuel Price Stabilization Fund (FEPC) account receivable balance for the second quarter of 2025. This payment, made through short-term Class B Treasury Securities, includes COP 0.8 trillion for Ecopetrol S.A. and COP 0.2 trillion for Refinería de Cartagena S.A.S. The payment reflects coordinated efforts to reduce recognized FEPC balances owed to the Ecopetrol Group.

Ecopetrol S.A. announced that S&P Global Ratings affirmed its global credit rating at BB- with a stable outlook and its Stand-Alone Credit Profile (SACP) at bb+. S&P highlighted the company's strengthened liquidity, including a $190 million committed credit facility, refinanced short-term debt, and higher operating cash flows. The rating agency expects Ecopetrol to maintain solid leverage metrics, with an adjusted net debt-to-EBITDA ratio near 2.0x, supported by a favorable price environment and no significant short-term debt increases. The stable outlook is linked to the Republic of Colombia's sovereign rating, reflecting Ecopetrol's importance to the Colombian economy.

Ecopetrol S.A. announced the temporary suspension of its Tender Offer in Brazil, which was initially announced on May 25, 2026. The suspension follows requests for adjustments from the Brazilian Securities and Exchange Commission (CVM) to ensure compliance with applicable regulations. The company expects the auction related to the Tender Offer to resume on a date to be determined by the CVM, once all necessary adjustments are made and approved.

Ecopetrol S.A. announced it has reached a final agreement on a new six-year collective bargaining agreement with the Oil Workers Union (USO), effective January 1, 2026. Additionally, the company finalized agreements with 66 other labor unions. These agreements, resulting from over 990 negotiation sessions, include enhanced working conditions, improved health and education benefits, and strengthened diversity, equity, and inclusion initiatives, aiming to contribute to employee well-being and align with company principles.

Ecopetrol S.A. announced that its Board of Directors authorized the postponement of CEO Ricardo Roa Barragán's unpaid leave. The decision was made due to a 30-calendar-day medical leave notified on May 26, 2026. The unpaid leave, originally set for May 28, 2026, will now commence on June 27, 2026, for a period of 30 calendar days, following the completion of his medical leave and remaining vacation. Juan Carlos Hurtado Parra will continue as the acting Chief Executive Officer during this period.

Ecopetrol S.A. announced that its Brazilian subsidiary, Ecopetrol Investimentos do Brasil LTDA, launched a voluntary Tender Offer on Brazil's B3 stock exchange. The offer is to acquire 116,110,717 common shares of Brava Energia S.A. at R$23.00 per share, representing approximately 25% of its outstanding shares and a 20.9% premium. This tender offer is part of a broader transaction to acquire a 51% controlling interest in Brava Energia. The offer is open until June 25, 2026, and Ecopetrol anticipates positive impacts on its reserves, production, EBITDA, and ROACE, strengthening its international portfolio and expanding its presence in Brazil.

Ecopetrol S.A. has completed the acquisition of a 49% interest in the JK1 and JK2 wind projects, part of the Jemeiwaa Ka’I wind cluster in La Guajira, for approximately USD 25.5 million. These projects, with an assigned capacity of 259 MW, are expected to generate around 1,100 GWh annually, meeting about 12% of the Ecopetrol Group's energy demand. This move supports the company's energy transition strategy and is projected to reduce CO₂ emissions by 4.3 million tons equivalent. The acquisition of the remaining four projects in the cluster is pending.

Ecopetrol S.A. announced the publication of its Quarterly Periodic Report as of March 31, 2026, in compliance with External Circular No. 012 of 2022 issued by the Superintendence of Finance of Colombia. The report provides comprehensive information on the company's financial and operational performance, corporate structure, risk management, business performance, corporate governance, and sustainability matters. It was prepared according to Colombian law and is publicly available in Spanish.

Ecopetrol S.A. announced the resignation of Mr. Juan Gonzalo Castaño Valderrama from his position as a non-independent member of the Board of Directors, effective May 12, 2026. His departure was due to personal and professional reasons. The company confirmed that the Board will continue to operate with its remaining members, ensuring the necessary quorum and majorities for decision-making are maintained. Ecopetrol expressed gratitude for his contributions during his tenure.

Ecopetrol reported Q1 2026 revenues of COP 28.6 trillion, down 8.7% year-over-year, and net income of COP 2.9 trillion, down 7.7%. Despite this, EBITDA increased by 1.5% to COP 13.5 trillion, with the EBITDA margin reaching a strong 47% due to operational flexibility and efficiency. Operational highlights include increased refining throughput and transported volumes, successful exploration, and progress in energy transition projects like the Quifa Solar Farm. The company also announced a potential acquisition in Brazil and shareholders approved a dividend of COP 121 per share.