The tide has turned for Chilean salmon farmers
2025 is proving to be an excellent year for the sector, as demonstrated by positive results from Multi X, Salmones Camanchaca, and Blumar. And more is expected next year.
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After a bruising 2024, Chilean salmon producers have recovered well this year, and are looking ahead to an even better 2026.
All of the companies listed on the Santiago Stock Exchange are going better in 2025, after experiencing low margins or losses last year.
In the case of Multi X, profit margin so far this year reaches 34.28%, a number much higher than in 2024, when it ended with profit of 3.81%.
In its third-quarter results, the company demonstrated strength, reflecting the effectiveness of its strategy. In a complex global environment, marked by lower international salmon prices due to Norwegian oversupply and US tariffs, the company reported stable revenue, positive EBIT (operating profit), and profits of US $11.3 million for the first nine months of the year.
Salmones Camanchaca has a profit margin of 66.98% during 2025, a big turnaround compared to the negative 16.01% it yielded last year.
Net profit in Q3 was $12.1m, almost three times the total for Q3 2024 ($4.1m). The cash balance as of September 30, 2025, was $10.7m, and net financial debt was reduced by 25% to $86m, reflecting the results of its operational efforts.
For its part, Blumar shows a profitability of 40.12% so far this year, a turnaround compared to -15.06% in 2024, in line with the better results being achieved by the national salmon farming sector.
Looking at the details as of September of this year, the company's operating income expanded from $207m to $335m. EBIT (operating profit), meanwhile, advanced from a negative figure of $42.6m to a positive one $6.4m, and losses decreased from $27m to $3m.
