Chilean salmon aquaculture company AquaChile posted increased earnings and profits in FY 2025 despite what it called a challenging pricing environment throughout the year.
AquaChile posted an increase in revenue over FY 2025, bringing in USD 1.88 billion (EUR 1.59 billion) during the year, up from the USD 1.65 billion (EUR 1.39 billion) it posted in the same period of 2024. The company also reported that its cost of sales increase at a slower rate than its revenue, leading to wider profit margins.
AquaChile posted a USD 267 million (EUR 226 million) profit before tax in the period, up from USD 219 million (EUR 185 million) it posted in FY 2024. Overall, its profit reached USD 197 million (EUR 166 million) in FY 2025, up from USD 158 million (EUR 133 million).
The increase in FY 2025 was helped by a strong Q4, AquaChile said. The company achieved sales in Q4 2025 of USD 481 million (EUR 407 million), 10 percent higher than the USD 437 million (EUR 370 million) it posted in Q4 2024.
“The EBITDA margin, before fair value adjustments, for the fourth quarter of 2025 reached 14.9 percent, exceeding the 14.0 percent of the same period of the previous year,” AquaChile said in a release announcing its positive FY 2025 results.
The better margin resulted in an operating profit of USD 58.4 million (EUR 49.4 million) in Q4 2025 and a net profit of USD 40.6 million (EUR 34.1 million). That was in spite of a drop in salmon pricing in the U.S., which AquaChile said was down 6.8 percent in Q4 2025 compared to Q4 2024.
Aqua Chile started strong in 2025, with its net profits jumping nearly 300 percent in the first half of the year, and that momentum continued in Q3 with both revenue and profit growth.
The company said its positive results in FY 2025 were largely thanks to a strong operational performance and high sales volumes, while sales costs and administrative expenses were kept in check.
AquaChile did not reveal how much salmon it harvested or sold by volume in FY 2025.
The increased volume helped AquaChile amid plummeting prices for Norwegian salmon in early 2025, which lead to higher-than-usual volumes of Norwegian salmon being exported to the U.S., one of Chile’s main customers.
Chilean salmon companies have benefitted in the U.S. market from a lower tariff rate than some of its main competitors. U.S. President Donald Trump has implemented a series of tariffs on major salmon producing countries, with countries like Norway being hit with a 15 percent tariff on all goods.
Chile, meanwhile, has managed to maintain a 10 percent tariff on all of its goods throughout 2025, making it the only country among the top 10 sources of imported seafood in the U.S. to be subject to the base-level 10 percent tariff.
