"2025 reflects Camanchaca's operational and commercial strength," Ricardo García Holtz, Camanchaca's General Manager, said, commenting on the results.
Photo: Salmones Camanchaca.
Chilean seafood company Camanchaca presented its consolidated financial results for 2025, in which, continuing the trend set in Q3, it reported revenue of USD 854 million, up 5% year-on-year. EBITDA, meanwhile, reached USD 136 million, a 29% increase compared to 2024, while net income after taxes reached USD 41.7 million, representing a 90% increase in profit compared to the previous year.
The company explained that this revenue growth was primarily driven by the performance of the Fishing business, which recorded higher sales of fishmeal and fish oil, and frozen jack mackerel, and the Mussel business, which saw significant expansion.
Meanwhile, despite a context of lower international prices and a sharp reduction in Coho salmon activity, as reported by WeAreAquaculture, Salmon business revenues maintained similar levels to the previous year. Thanks to higher Atlantic salmon production volumes and significant reductions in farming and processing costs, the division improved its operational performance.
Thus, Camancha highlighted that both the Fishing and Salmon divisions contributed similar amounts to the group's EBITDA, which, the Chilean company emphasized, is a reflection of "a good balance in the business portfolio."
Division by division, Camanchaca explained that the significant increase in activity in its Fishing business last year was primarily driven by greater availability of pelagic resources and larger catches processed at its processing plants. Furthermore, frozen jack mackerel production reached a new record, reinforcing the company's industrial fishing focus on products for direct human consumption.
In the Salmon business, Camanchaca recorded higher Atlantic salmon harvests in Q1, Q2, Q3, and Q4, allowing it to close the year with increased sales volumes, which helped offset the decline in Coho salmon. This was further bolstered by significant improvements in production efficiency, resulting in better sanitary conditions and lower farming and processing costs, in a year in which it did not register any extraordinary mortalities.
In the Mussel business, revenues grew, driven by both higher sales volumes and better prices in international markets, registering, as mentioned above, significant expansion. With the aim of further improving its results and operating more efficiently, the company recently launched a pilot project for maritime transport logistics for its Mussel division.
Finally, Camanchaca noted that in Q4, the process of ending abalone farming, which had been followed throughout the year after this activity ceased to be part of its production strategy, continued.
Commenting on these results, Camanchaca's General Manager, Ricardo García Holtz, said that 2025 reflects the company's operational and commercial strength. "In a context of lower prices in several international markets, efficiency efforts and the work of our teams allowed us to significantly improve results in all our business divisions," he stated.
"The health conditions of the farmed fish and the state of the fisheries in which we operate were favorable during the year, which allowed for good operational performance and greater availability of resources," García Holtz continued, assessing the productive performance of the company's operations.
As he already did when commenting on the 2025 results of Salmones Camanchaca—in addition to being Camanchaca's General Manager, he is also Vice President of Salmones Camanchaca—, Ricardo García Holtz also commented on the regulatory context that the industry faces.
"While the fishing regulations established in 2012 provide a clear framework based on scientific criteria, decisions made in the last year have created uncertainty in the industry and significant harm due to the infringement of legitimate rights," he said. "Faced with this, the company had to resort to legal action to protect its rights and those of its shareholders."
Finally, García Holtz emphasized the strategic role of the seafood industry for the country. "Fishing and aquaculture are key activities for the development of the southern regions of Chile and for the sustainable production of seafood," he said, and appealed to the new government.
"We trust that the country can move towards a regulatory framework that promotes growth, investment, and the responsible use of the great potential it has in these activities," Camanchaca's General Manager concluded.