Chilean salmon producer Multi X nearly tripled second-quarter core profit helped by higher revenue, increased sales volumes and lower costs.

Earnings before interest taxes, depreciation and amortization (EBITDA) climbed 197 percent to $50 million (€42.50 million) in the second quarter from $16.9 million (€14.4 million) a year earlier.

Revenue increased 6.8 percent to $228.9 million (€194.57 million), with salmon sales volumes rising just over 2percent to 27,647 metric tons.

Second-quarter harvests totalled 27,827 metric tonnes, a 2.8 percent increase.

For the first half, EBITDA increased 43.3 percent to $68.7 million (€58.4 million), while revenue rose 5.5 percent to $459.8 million (€391 million).

Multi X sold 57,760 metric tons of salmon in the first half, 6.1 percent more than a year earlier, while total harvests increased 1 percent to 55,330 metric tons WFE.

The company’s ex-farm cost fell by 4.8 percent to $4.58 (€3.89) per kilogram WFE in the second quarter and by 5.8 percent to $4.54 (€3.86) per kilogram for the first half.

Average harvest weight increased 0.2 kilograms from the second quarter of 2025 to 5.11 kilograms.

“These results reflect the capacity we have developed to respond to various market scenarios, combining increasingly efficient operations with a commercial strategy focused on capturing greater value,” Multi X CEO Cristian Swett Pla said.

“Operational discipline, the efforts of our teams, and an unwavering focus on our customers have been fundamental to advancing toward a more competitive company that is prepared for the future.”

The improved financial performance came as Multi X continued to reduce its debt burden under its deleveraging strategy.

This comes as fellow Chilean salmon producers Blumar and Camanchaca a posted strong second quarter results.

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