Business Context and Reporting Period
Company: Grupo Cibest S.A.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: April 21, 2026
Reporting Period: Month of April 2026
Principal Executive Offices: Medellin, Colombia
Key Financial Metrics and Capital Actions
This filing focuses on capital structure changes rather than operational financial performance. No revenue, profit, cash flow, or margin data is provided in this document.
- 2026 Share Buyback Program: Approved for up to COP 1,350,000,000,000 (1.35 trillion pesos) with a three-year term ending April 21, 2029.
- 2025 Share Buyback Program: Terminated as of April 21, 2026.
- 2025 Program Execution: Executed COP 690,022 million pesos, representing 51.11% of the total approved amount.
- Shares Repurchased (2025 Program): 601,452 common shares and 12,164,612 preferred shares (including 5,137,320 corresponding to ADRs).
- Outstanding Shares (as of April 21, 2026): 509,103,132 common shares and 439,957,804 preferred shares.
Material Changes
The primary material change is the transition from the 2025 Buyback Program to the newly approved 2026 Buyback Program. The 2025 program was terminated after executing approximately half of its authorized capital. The new program significantly increases the authorized buyback amount to COP 1.35 trillion and extends the timeline to 2029.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors approved the new regulation in accordance with the ordinary General Shareholders' Meeting held on March 24, 2026. The company directs investors to its investor relations website for the full regulation text.
Risks and Contingencies: The filing does not explicitly detail new risks or contingencies beyond the standard execution of the buyback program. The filing notes that one (1) ADR represents four (4) preferred shares.
Unusual Items: None reported in this filing.
Investor Verification Checklist
- Verify the full text of the 2026 Buyback Program regulation at the provided investor relations link.
- Confirm the current market price of common shares, preferred shares, and ADRs to assess the potential dilution or accretion impact of the new buyback.
- Review the March 24, 2026, General Shareholders' Meeting minutes for details on the authorization of the COP 1.35 trillion program.
- Monitor future filings for the actual execution rate of the 2026 Buyback Program.