Camposol Holding PLC has released its preliminary financial results for the second quarter ended June 30, 2025. The results have been prepared under International Financial Reporting Standards (IFRS) and remain subject to change following the publication of audited financial statements.
First half 2025 financial overview
In the first half of 2025, Camposol sold 55,162 metric tons of produce, an increase of 38 percent compared to the same period in 2024. Sales reached US$222 million, up 22 percent year-on-year. EBITDA was US$67.0 million, representing a 9 percent increase, with an EBITDA margin of 30 per cent. Net profit stood at US$16.0 million, down 17 percent compared with the first half of 2024. The company reported a net debt-to-EBITDA ratio of 2.59x.
© Camposol
Second quarter updates
In the second quarter, Camposol obtained an AA+ rating in the BRCGS audit and a Higher Level rating in the IFS Food audit for its Chao plant. The organic certification for Camposol Fresh VB in the Netherlands was reinstated. BASC Peru recognized the company for 20 years of adherence to its Security and Control Management System. The company's biotech laboratory also surpassed one million plants delivered, including proprietary varieties.
Operational performance
Blueberry volumes rose by 50.2 per cent year-on-year in the first half of 2025, reaching 55.2 thousand metric tons. Sales totaled US$162.2 million, an increase of 27.6 per cent, while gross profit grew by 60.9 per cent. A targeted pruning strategy concentrated more production in the first half of the year, which lowered the cost per kilo by 26.7 percent.
The mango segment recorded a gross profit margin of 36.5 per cent under normalized market conditions. This compares to the previous year's performance, which was boosted by unusually high global prices due to a supply shortage.
Grape volumes reached 5.1 thousand metric tons, about 5.5 times higher than in the first half of 2024. Sales totaled US$17.3 million, representing a 603 percent increase in revenue. The segment achieved a gross profit margin of 26.4 percent, reversing a loss reported in the same period last year. The turnaround was linked to operational improvements implemented in 2024, including better crop management and higher productivity, which reduced the cost per kilo by 24 per cent while average prices rose 27 percent year-on-year.
Camposol reported that its short-term debt accounted for less than 25 percent of total debt, with the net debt-to-EBITDA ratio at 2.59x for the fourth consecutive quarter, below the company's 3.5x threshold. The company also distributed US$28.5 million in dividends related to 2024 profits and continued to invest in growth and risk management initiatives, including a new laboratory and nursery to scale proprietary genetics.
For more information:
Jossue Yesquen Lihim
Camposol Holding
Email: [email protected]
www.investors.camposol.com
