Thanks to better operational performance and higher international prices, Puerto Natales, Chile-headquartered salmon-farming firm AquaChile saw its net profits surge nearly 300 percent year over year in the first half of 2025.
During the six-month period, AquaChile brought in net profits of USD 118 million (EUR 102 million) in the first half of 2025, marking a 299 percent increase from the USD 29.6 million (EUR 25.5 million) posted in the first six months of 2024, according to consolidated results recently released by the firm’s parent company Agrosuper.
Top-level revenues in the period reached USD 938 million (EUR 808 million), representing a 6.4 percent increase compared to USD 882 million (EUR 760 million) in the first half of 2024. Meanwhile, AquaChile was able to bring down the cost of its sales 0.6 percent year over year to USD 682 million (EUR 588 million), compared to USD 686 million (EUR 591 million).
Without considering fair value, AquaChile’s EBITDA surged 61.9 percent year over year to USD 180 million (EUR 155 million)
During the second quarter in particular, Agrosuper said its aquaculture division was responsible for 39 percent of overall revenue, with its meat division responsible for 61 percent – relatively unchanged from 40 percent and 59 percent, respectively, from Q2 2024. It noted that capital expenditures for its aquaculture division had doubled from USD 8 million (EUR 6.9 million) in the second quarter last year to USD 16 million (EUR 13.8 million) in the same quarter of 2025.
AquaChile said tariffs implemented in the United States – the main market for Chilean Atlantic salmon – affected the landscape in the first half of the year, driving up retail prices and importer distribution prices, affecting consumption and demand, and driving salmon-producing countries to increase the focus on other markets for Atlantic salmon distribution, such as Brazil, Europe, Mexico, and China.
Regarding coho salmon, sales prices during the second quarter remained stable in Japan – the main market for this type of salmonid – and at good levels across the rest of the world, despite the adjustments taking place for Atlantic salmon with the imposition of tariffs in the United States, Agrosuper said.
The diversification of markets, formats, and presentations for coho salmon led to healthy consumption rates and low inventory levels in key markets during the first half of the year, according to the firm.
Despite the challenges in the U.S., AquaChile opened its first branch in the country in March, signaling its continued commitment to the market amid trade disruptions.
“The opening of this Miami branch is a natural evolution in our growth and consolidation strategy in the United States,” AquaChile Commercial Manager Vicente de la Cruz said earlier this year. “It allows us not only to optimize delivery times but also to diversify our product offer and be closer to our customers, better understanding their needs and raising the quality of the service we deliver.”
