Chilean salmon-farming firm AquaChile reported net profits of USD 66 million (EUR 56.6 million) and a net margin of 15.6 percent in the second quarter of 2026, marking sizable increases from the USD 41 million (EUR 35.1 million) in net income and 9.4 percent in net margin recorded in Q2 2025.
The firm’s parent company Empresas Agrosuper said in its latest earnings report that the positive results were due to solid operational performance, a reduction in costs, better sales prices, and a balanced portfolio of end markets.
The company also highlighted that the results were achieved despite a rise in the cost of raw materials and market volatility with the announcement of a new set of tariffs in the United States.
AquaChile's Q2 sales reached USD 422 million (EUR 362 million), slipping 3 percent compared to top line revenues of USD 437 million (EUR 375 million) recorded in the same period of 2025.
EBITDA for the quarter stood at USD 108 million (EUR 92.6 million) – a 44 percent increase compared to USD 75 million (EUR 64.3 million) posted for the same quarter last year. EBITDA margin before fair value reached 25.6 percent during the period, improving on the 17.2 percent obtained in the same period of 2025. As a result, operating profit before fair value reached USD 94 million (EUR 80.6 million).
In terms of volume sold, AquaChile moved 45,000 metric tons (MT) of salmonids in the second quarter of 2026, slipping 6.2 percent compared to the 48,000 MT sold in Q2 2025.
Agrosuper said it had invested USD 30 million (EUR 25.7 million) in capital expenditures for its aquaculture business in Q2, compared to USD 16 million (EUR 13.7 million) from one year ago.
During the first six months of the year, before fair value, AquaChile recorded consolidated sales of USD 904 million (EUR 775 million), an EBITDA margin of 21 percent, and net profits of USD 111 million (EUR 95.2 million).
The positive results came as AquaChile recently revealed plans to expand its presence in Mexico and Southeast Asia, aiming to roll out innovative products tailored to each market.
Growth areas AquaChile identified in Mexico include increased presence in the north of the country, the evolution of breaded products, the promotion of fresh salmon, and the expansion of formats that facilitate access in new consumer segments.
Meanwhile, in Southeast Asia, the company said it is focusing on developing more diversified offerings, incorporating categories such as coho and smoked and breaded salmon, as well as salmon pulp. More specifically, in Vietnam, the firm said at the 2026 Vietfish International Fisheries Exhibition that it plans to increase its share of Vietnam’s frozen salmon market to roughly 40 percent from its currently estimated 30 percent share over the next one to three years.
