Salmones Camanchaca S A : Press Release 2025 - Q3

About this update from Salmones Camanchaca Sa

Third Quarter 2025 Financial Results: Higher harvests and lower costs boost Salmones Camanchaca's Results Santiago, November 12, 2025.- Salmones Camanchaca S.A. reported its financial results for the third quarter of 2025, showing favorable operational and financial performance. In the third quarter, Atlantic salmon harvests reached 20 thousand MT, 60% higher than the same quarter in 2024, and 44 thousand MT year-to-date (accumulated to September), 29% higher than the first nine months of the previous year. Revenues for the quarter reached USD 103 million, 43% higher than the same period in 2024, driven by a 72% higher volume of Atlantic salmon sold, although with slightly lower prices. Accumulated revenues totaled USD 278 million, 2% lower than September 2024. The cost of harvested Atlantic salmon during the quarter was USD 3.89/Kg WFE, 11% lower than that in the same quarter of 2024. This improvement originated from a higher average weight, lower feed costs, better sanitary conditions, and operational efficiencies. Consequently, the accumulated ex-cage cost this year was USD 3.90/Kg WFE, 14% lower than in 2024. With these results and with no extraordinary mortalities during the quarter, Salmones Camanchaca continues to register operational improvements in a favorable sanitary condition for the farmed fish, with survival rates superior to the industry. This, along with operational improvement programs, resulted in lower costs and higher margins. In this context, the EBITDA for the third quarter was USD 22 million, USD 12 million higher than the same quarter in 2024. Accumulated EBITDA as of September reached USD 54 million, nearly double the USD 28 million recorded in 2024. Ricardo García, Vice Chairman of the Company, stated, "the Company continues to deploy its systematic efforts to obtain operational improvements and productive efficiencies, which allow us to achieve lower costs and higher margins, even in a weak price scenario like 2025 has been. In addition to the abundance of Norwegian product, this year we have faced adversities in the main market due to tariffs in the US, and we have redoubled our work to achieve diversification and overcome a bad year for prices. This 2025, we expect to reach 60 thousand MT of Atlantic salmon harvests, which will be an important milestone for Salmones Camanchaca, and one that we hope will be valued by the next g...

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