Chilean salmon-farming firm AquaChile recorded revenues of USD 1.4 billion (EUR 1.2 billion) over the first nine months of 2025, which was up 13.8 percent compared to the USD 1.23 billion (EUR 1.06 billion) posted in the same period of 2024, parent company Agrosuper reported in its latest financial results.
The cost of goods sold for the Agrosuper subsidiary inched up 7.8 percent year over year in the period to USD 1.02 billion (EUR 88.2 million), while its EBITDA without fair value adjustment totaled USD 257 million (EUR 222 million), marking an increase of 60.9 percent.
Net profits for the first nine months of 2025 reached USD 155 million (EUR 134 million) – a 119 percent jump from the USD 70.9 million (EUR 61.3 million) posted in the year-ago period.
Commenting on the overall global market during the nine-month time frame, Agrosuper said that global Atlantic salmon supply grew 13 percent when compared to the same period in 2024, driven mainly by Norway and, to a lesser extent, by Chile. That growth in supply put downward pressure on market prices in Chile’s main markets of the U.S. and Brazil.
Regarding coho salmon, which many Chilean firms are starting to produce in greater quantities, sales prices during the third quarter remained stable globally, with a slight downward trend in Japan, the company said. Meanwhile, fillet sales have continued to grow in other markets, enhancing their competitiveness in developing markets.
To ensure further growth moving forward, Agrosuper said it invested USD 26 million (EUR 22.5 million) in its aquaculture business in Q3 2025 alone, compared to USD 8 million (EUR 6.9 million) in the same quarter of 2024.
During the period, AquaChile inked a deal with Aquaticode, the developer of SORTpro, an AI-powered fish-sorting system that sorts fish by growth potential and allows companies to remove individuals that will be unlikely to survive in the seawater phase through real-time health insights.
Also in the period, the firm hired Jorge Atton as its new chief revenue officer.
Atton previously served in executive roles at several Chilean retailers, but most recently, he served as COO and CTO at Blumar, working to “enhance productivity and profitability within the salmon business by delivering measurable financial value," he said.
"I am looking to learn about the best practices of the leading salmon company in Chile and to add all my knowledge and expertise to maximize AquaChile’s revenue and profitability," he said of the appointment.
