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CONCESSION ARRANGEMENTS RIGHTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of detailed information about service concession arrangements [abstract] |
Schedule of balance of assets in concession arrangements | The following is the balance of the assets in concession arrangements registered in the Group as of December 31, 2024 and 2023:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024 | ​ | December 31, 2023
Financial assets at fair value |  | Ps. | 4,181,835 | ​ | Ps. | 3,830,916
Financial asset at amortized cost (1) |  | ​ | 15,078,406 | ​ | ​ | 13,981,904
Total financial assets in concession arrangements rights (2) | ​ | Ps. | 19,260,241 | ​ | Ps. | 17,812,820
Intangible assets |  | ​ | 14,314,560 | ​ | ​ | 13,557,267
Total assets in concession arrangements rights |  | Ps | 33,574,801 | ​ | Ps. | 31,370,087
(1) | As of December 31, 2024 and 2023, the balance of the financial asset at amortized cost includes an impairment expense of Ps. (709) and Ps. (223) respectively, see note 16.1.
(2) | See note 12.1, “Contract assets”.
Schedule of changes in financial assets in concession arrangements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
​ | ​ | Energy and Gas | ​ | ​ | ​ | ​ | Infrastructure | ​ | ​ | ​
​ | ​ | At fair value | ​ | At amortized cost | ​ | Total | ​ | At amortized cost | ​ | Total
Balance as of January 1, 2022 |  | Ps. | 3,228,480 | ​ | Ps. | — | ​ | Ps. | 3,228,480 | ​ | Ps. | 9,853,052 | ​ | Ps. | 13,081,532
Additions or new concession arrangements | ​ | ​ | — | ​ | ​ | 4,575 | ​ | ​ | 4,575 | ​ | ​ | 1,690,450 | ​ | ​ | 1,695,025
Collections during the year |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (732,647) | ​ | ​ | (732,647)
Adjustment to fair value |  | ​ | 278,751 | ​ | ​ | — | ​ | ​ | 278,751 | ​ | ​ | — | ​ | ​ | 278,751
Accrued interest |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,831,326 | ​ | ​ | 1,831,326
Impairment expense |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,220) | ​ | ​ | (1,220)
Effect of movements in exchange rates | ​ | ​ | — | ​ | ​ | 249 | ​ | ​ | 249 | ​ | ​ | — | ​ | ​ | 249
Balance as of December 31, 2022 |  | Ps. | 3,507,231 | ​ | Ps. | 4,824 | ​ | Ps. | 3,512,055 | ​ | Ps. | 12,640,961 | ​ | Ps. | 16,153,016
Additions or new concession arrangements (1) | ​ | ​ | — | ​ | ​ | 118,109 | ​ | ​ | 118,109 | ​ | ​ | 877,884 | ​ | ​ | 995,993
Collections during the year |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,144,396) | ​ | ​ | (1,144,396)
Adjustment to fair value |  | ​ | 323,685 | ​ | ​ | — | ​ | ​ | 323,685 | ​ | ​ | — | ​ | ​ | 323,685
Accrued interest |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,493,115 | ​ | ​ | 1,493,115
Impairment expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (223) | ​ | ​ | (223)
Effect of movements in exchange rates | ​ | ​ | — | ​ | ​ | (8,370) | ​ | ​ | (8,370) | ​ | ​ | — | ​ | ​ | (8,370)
Balance as of December 31, 2023 |  | Ps. | 3,830,916 | ​ | Ps. | 114,563 | ​ | Ps. | 3,945,479 | ​ | Ps. | 13,867,341 | ​ | Ps. | 17,812,820
Additions or new concession arrangements (1) |  | ​ | — | ​ | ​ | 76,572 | ​ | ​ | 76,572 | ​ | ​ | 1,100,702 | ​ | ​ | 1,177,274
Collections during the year |  | ​ | — | ​ | ​ | (74,231) | ​ | ​ | (74,231) | ​ | ​ | (897,403) | ​ | ​ | (971,634)
Adjustment to fair value |  | ​ | 350,919 | ​ | ​ | — | ​ | ​ | 350,919 | ​ | ​ | — | ​ | ​ | 350,919
Accrued interest |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 861,175 | ​ | ​ | 861,175
Impairment expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (709) | ​ | ​ | (709)
Effect of movements in exchange rates |  | ​ | — | ​ | ​ | 30,396 | ​ | ​ | 30,396 | ​ | ​ | — | ​ | ​ | 30,396
Balance as of December 31, 2024 |  | Ps. | 4,181,835 | ​ | Ps. | 147,300 | ​ | Ps. | 4,329,135 | ​ | Ps. | 14,931,106 | ​ | Ps. | 19,260,241
(1) | Includes work progress on the Covioriente and Covipacífico concessions; as of December 31, 2024 Ps. 523,216 and Ps. 541,065 respectively; as of December 31, 2023 Ps. 715,573 and Ps. 130,105 respectively and as of December 31, 2022 Ps. 1,043,138 and Ps. 621,988 respectively.
​
Schedule of movements of the main concession arrangements under intangible assets | The following table shows the movements of the main concession arrangements in Grupo Aval’s subsidiaries under intangible assets during years ended at December 31, 2024, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Cost | ​ | Energy and Gas | ​ | Infrastructure | ​ | Total
Balance as of January 1, 2022 |  | Ps. | 5,893,832 | ​ | Ps. | 6,418,058 |  | Ps. | 12,311,890
Additions (1) |  | ​ | 809,085 | ​ | ​ | 1,103,283 |  | ​ | 1,912,368
Reclassification to / from PPE |  | ​ | 113 | ​ | ​ | — |  | ​ | 113
Withdrawals |  | ​ | (11,724) | ​ | ​ | — |  | ​ | (11,724)
Effect of movements in exchange rates | ​ | ​ | 547,529 | ​ | ​ | — |  | ​ | 547,529
Balance as of December 31, 2022 |  | Ps. | 7,238,835 | ​ | Ps. | 7,521,341 |  | Ps. | 14,760,176
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Cost | ​ | Energy and Gas | ​ | Infrastructure | ​ | Total
Additions (1) |  | ​ | 588,454 | ​ | ​ | 714,489 |  | ​ | 1,302,943
Reclassification to / from PPE |  | ​ | 229 | ​ | ​ | 4,041 |  | ​ | 4,270
Withdrawals |  | ​ | (6,489) | ​ | ​ | — |  | ​ | (6,489)
Effect of movements in exchange rates |  | ​ | (712,856) | ​ | ​ | — |  | ​ | (712,856)
Balance as of December 31, 2023 |  | Ps. | 7,108,173 | ​ | Ps. | 8,239,871 |  | Ps. | 15,348,044
Additions (1) |  | ​ | 741,423 | ​ | ​ | 708 |  | ​ | 742,131
Reclassification to / from PPE |  | ​ | 244 | ​ | ​ | — |  | ​ | 244
Transfer to non-current assets held for sale | ​ | ​ | (33,400) | ​ | ​ | — | ​ | ​ | (33,400)
Withdrawals |  | ​ | (21,794) | ​ | ​ | — |  | ​ | (21,794)
Effect of movements in exchange rates |  | ​ | 472,522 | ​ | ​ | — |  | ​ | 472,522
Balance as of December 31, 2024 |  | Ps. | 8,267,168 | ​ | Ps. | 8,240,579 |  | Ps. | 16,507,747
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated Amortization |  | Energy and Gas | ​ | Infrastructure | ​ | Total
Balance as of January 1, 2022 |  | Ps. | (1,055,525) | ​ | Ps. | (146,847) |  | Ps. | (1,202,372)
Amortization of the year |  | ​ | (253,692) | ​ | ​ | (19,016) |  | ​ | (272,708)
Withdrawals |  | ​ | 835 | ​ | ​ | — |  | ​ | 835
Effect of movements in exchange rates |  | ​ | (30,801) | ​ | ​ | — |  | ​ | (30,801)
Balance as of December 31, 2022 |  | Ps. | (1,339,183) | ​ | Ps. | (165,863) |  | Ps. | (1,505,046)
Amortization of the year |  | ​ | (277,702) | ​ | ​ | (39,385) |  | ​ | (317,087)
Reclassification to / from PPE | ​ | ​ | — | ​ | ​ | (2,184) | ​ | ​ | (2,184)
Withdrawals |  | ​ | 289 | ​ | ​ | — |  | ​ | 289
Effect of movements in exchange rates |  | ​ | 41,062 | ​ | ​ | — |  | ​ | 41,062
Balance as of December 31, 2023 |  | Ps. | (1,575,534) | ​ | Ps. | (207,432) |  | Ps. | (1,782,966)
Amortization of the year |  | ​ | (303,951) | ​ | ​ | (93,095) |  | ​ | (397,046)
Reclassification to / from PPE | ​ | ​ | 18 | ​ | ​ | — | ​ | ​ | 18
Transfer to non-current assets held for sale | ​ | ​ | 26,426 | ​ | ​ | — | ​ | ​ | 26,426
Withdrawals |  | ​ | 6,997 | ​ | ​ | — |  | ​ | 6,997
Effect of movements in exchange rates |  | ​ | (37,931) | ​ | ​ | — |  | ​ | (37,931)
Balance as of December 31, 2024 |  | Ps. | (1,883,975) | ​ | Ps. | (300,527) |  | Ps. | (2,184,502)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Impairment loss | ​ | Energy and Gas | ​ | Infrastructure | ​ | Total
Balance as of January 1, 2022 | ​ | Ps. | (7,146) | ​ | Ps. | (4,256) | ​ | Ps. | (11,402)
Period impairment charge | ​ | ​ | (665) | ​ | ​ | (357) | ​ | ​ | (1,022)
Balance as of December 31, 2022 | ​ | Ps. | (7,811) | ​ | Ps. | (4,613) | ​ | Ps. | (12,424)
Period impairment charge | ​ | ​ | — | ​ | ​ | 4,613 | ​ | ​ | 4,613
Balance as of December 31, 2023 | ​ | Ps. | (7,811) | ​ | Ps. | — | ​ | Ps. | (7,811)
Period impairment charge | ​ | ​ | (874) | ​ | ​ | — | ​ | ​ | (874)
Balance as of December 31, 2024 | ​ | Ps. | (8,685) | ​ | Ps. | — | ​ | Ps. | (8,685)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Intangible Assets |  | Energy and Gas | ​ | Infrastructure | ​ | Total
Balance as of January 1, 2022 |  | Ps. | 4,831,161 | ​ | Ps. | 6,266,955 |  | Ps. | 11,098,116
Cost |  | ​ | 1,345,003 | ​ | ​ | 1,103,283 |  | ​ | 2,448,286
Amortization |  | ​ | (283,658) | ​ | ​ | (19,016) |  | ​ | (302,674)
Impairment loss | ​ | ​ | (665) | ​ | ​ | (357) | ​ | ​ | (1,022)
Balance as of December 31, 2022 |  | Ps. | 5,891,841 | ​ | Ps. | 7,350,865 |  | Ps. | 13,242,706
Cost |  | ​ | (130,662) | ​ | ​ | 718,530 |  | ​ | 587,868
Amortization |  | ​ | (236,351) | ​ | ​ | (41,569) |  | ​ | (277,920)
Impairment loss | ​ | ​ | — | ​ | ​ | 4,613 | ​ | ​ | 4,613
Balance as of December 31, 2023 |  | Ps. | 5,524,828 | ​ | Ps. | 8,032,439 |  | Ps. | 13,557,267
Cost |  | ​ | 1,158,995 | ​ | ​ | 708 |  | ​ | 1,159,703
Amortization |  | ​ | (308,441) | ​ | ​ | (93,095) |  | ​ | (401,536)
Impairment loss | ​ | ​ | (874) | ​ | ​ | — | ​ | ​ | (874)
Balance as of December 31, 2024 |  | Ps. | 6,374,508 | ​ | Ps. | 7,940,052 |  | Ps. | 14,314,560
(1) | Gas and Energy, includes borrowing costs capitalized for Ps. 39,433 as of December 31, 2024; Ps. 31,672 as of December 31, 2023 and Ps. 26,134 as of December 31, 2022 with a capitalized interest rate (weighted average) of 9.84%, 12.17% and 8.98% respectively.
Schedule of main concession contracts granted | The following is a summary of the main concession contracts granted to Grupo Aval’s subsidiaries as of December 31, 2024: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Year of | ​ | ​ | ​ | ​
Concession | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Contract | ​ | construction | ​ | % Work | ​ | Concession
Owner | ​ | Recognition | ​ | Business and country | ​ | Objective | ​ | Current stage | ​ | date | ​ | start | ​ | Progress | ​ | end date
Gas and Energy | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Surtigas S.A. E.S.P. | ​ | Fair value / Intangible assets | ​ | Energy and Gas Colombia | ​ | Purchase, storage, packaging and distribution of gases derived from hydrocarbons. | ​ | Operation | ​ | 03/1984 to 04/1994 | ​ | 1984 | ​ | 100 | % | 2034 to 2045
Transmetano E.S.P. S.A. | ​ | Fair value / Intangible assets | ​ | Energy and Gas Colombia | ​ | Construction, operation and maintenance of gas transportation systems. | ​ | Operation | ​ | 08/1994 | ​ | 1996 | ​ | 100 | % | 2044
Promigas S.A. E.S.P. | ​ | Fair value / Intangible assets | ​ | Energy and Gas Colombia | ​ | Purchase, sale, transportation, distribution, exploitation and exploration of natural gas, oil and hydrocarbons in general. | ​ | Operation | ​ | 05/1976 to 11/1994 | ​ | 1976 | ​ | 100 | % | 2026 to 2044
Promioriente S.A. E.S.P. | ​ | Fair value / Intangible assets | ​ | Energy and Gas Colombia | ​ | Construction, operation and maintenance of gas pipelines. | ​ | Operation | ​ | 09/1995 | ​ | 1995 | ​ | 100 | % | 2045
Gases de Occidente S.A. E.S.P. | ​ | Fair value / Intangible assets | ​ | Energy and Gas Colombia | ​ | Transportation and distribution of liquefied petroleum gas and natural gas. | ​ | Operation | ​ | 08/1998 | ​ | 1998 | ​ | 100 | % | 2047
Compañía Energética de Occidente S.A. E.S.P. (1) | ​ | Intangible assets | ​ | Energy and Gas Colombia | ​ | Administrative, operational, technical and commercial management for the provision of electrical energy. | ​ | Operation and maintenance | ​ | 01/2010 | ​ | 2010 | ​ | 100 | % | 2035
Sociedad Portuaria El Cayao S.A. E.S.P. | ​ | Intangible assets | ​ | Energy and Gas Colombia | ​ | Construction, maintenance and administration of ports. | ​ | Operation | ​ | 07/2015 | ​ | 2015 | ​ | 100 | % | 2035
Gases del Pacífico S.A.C. | ​ | Amortized cost / Intangible assets | ​ | Energy and Gas Perú | ​ | Purchase, sale, production, commercialization of energy in any of its forms. | ​ | Operation | ​ | 10/2013 | ​ | 2015 | ​ | 100 | % | 2034
Gases del Norte del Perú S.A.C. | ​ | Amortized cost / Intangible assets | ​ | Energy and Gas Perú | ​ | Construction and distribution service of natural gas. | ​ | Construction and Operation | ​ | 11/2019 | ​ | 2020 | ​ | 96.83 | % | 2051
Infrastructure | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proyectos de Infraestructura S.A. | ​ | Intangible assets | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Operation | ​ | 12/1993 | ​ | 1994 | ​ | 100 | % | 2033
Concesiones CCFC S.A.S. | ​ | Intangible assets | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Liquidation | ​ | 06/1995 | ​ | 2001 | ​ | 100 | % | 2024
Concesionaria Panamericana S.A.S. | ​ | Amortized cost / Intangible assets | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Construction, Operation and maintenance | ​ | 12/1997 | ​ | 2009 | ​ | 100 | % | 2035
Concesionaria Vial del Pacífico S.A.S. | ​ | Amortized cost | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Construction | ​ | 09/2014 | ​ | 2018 | ​ | 96.26 | % | 2043
Concesionaria Nueva Vía del Mar S.A.S. | ​ | Amortized cost | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Preconstruction | ​ | 01/2015 | ​ | 2024 | ​ | 4.11 | % | 2044
Concesionaria Vial Andina S.A.S. | ​ | Intangible assets | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Operation and maintenance | ​ | 06/2015 | ​ | 2016 | ​ | 100 | % | 2054
Concesionaria Vial Del Oriente S.A.S. | ​ | Amortized cost | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Construction | ​ | 07/2015 | ​ | 2018 | ​ | 97.77 | % | 2043
(1) The concession has an investment commitment for the expansion, replacement and improvement of the infrastructure which as of December 2024 has an advance of 58.34%.

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