Vigo, Spain-based Profand Fishing Holding’s revenue increased to EUR 1.1 billion (USD 1.3 billion) in FY 2025, continuing its growth trajectory.
According to the company, it hit EUR 1.12 billion (USD 1.32 billion) in revenue in FY 2025, a 10 percent increase from the EUR 1.01 billion (USD 1.19 billion) it posted in FY 2024, which was the first year the company surpassed EUR 1 billion (USD 1.18 billion).
Profand said much of that progress was driven by its relationship with Spanish supermarket chain Mercadona and has resulted in improved profitability on top of the improved revenue. The company’s EBITDA in FY 2025 reached more than EUR 97 million (USD 114.3 million), up 27 percent from the EUR 76 million (USD 89 million) it posted in FY 2024, which it said was driven by operational efficiencies, cost optimization, and “the dynamism of its commercial activity.”
“These results reflect the strength of Profand’s business model and its ability to continue generating value in a competitive environment while maintaining its commitment to responsible and sustainable growth alongside Mercadona, its main client,” Profand said.
Mercadona sold seafood processor and distributor Caladero to Profand in 2019, and since that time, the company has become the supermarket chain’s main supplier of seafood products.
The company said that alongside the increased revenue and EBITDA came increased investment in its strategic projects. Profand said in FY 2025, it put EUR 23 million (USD 27 million) toward increasing its production capacity, improving its efficiency, and adapting to demand, which is up from the EUR 20 million (USD 23 million) in investment it made in FY 2024.
The company also invested in a larger workforce during the year. Profand said it hired 230 new employees in FY 2025, increasing its global workforce to 5,800 employees.
Profand also said it consolidated its long-term sustainability strategy, Profand4Future, in FY 2025 and made progress on responsibility and innovation throughout the year.
“Among these, noteworthy achievements include the positive evolution of the business and the recovery of 100 percent shareholding control by Lucasiñas,” Profand said.
Lucasiñas regained 100 percent control of Profand with a EUR 127 million (USD 149 million) transaction.
The company said it also is moving forward on its sustainability and decarbonization goals and is using more renewable energy.
