Camposol Holding PLC has released its preliminary financial results for the third quarter of 2025, covering the period ending September 30. The figures, prepared under International Financial Reporting Standards, remain subject to adjustment following the completion of audited financial statements.
For the first nine months of 2025, the company reported sales of USD 367 million, a 21 per cent increase compared with the same period of 2024. Volumes sold reached 99,737 metric tons, up 35 per cent year-on-year. EBITDA stood at USD 101.2 million, down 1 per cent from the previous year, with a margin of 28 per cent. Net profit was USD 19.2 million, a 41 per cent decline. The company's net debt to EBITDA ratio was 2.81x.
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During the third quarter, Fitch Ratings upgraded the company's long-term credit ratings to B+. The company also inaugurated a new biofactory in Virú, northern Peru. The 2,000-square-metre facility integrates in-vitro and ex-vitro production and has a stated annual capacity of up to five million blueberry plants. The facility is intended to support the company's varietal development programme and long-term planting plans.
Camposol took part in several industry events throughout the quarter, including meetings focused on avocado and blueberry production. The company also received recognition from Peruvian export and regional trade organisations and obtained ISO 37001 certification for its anti-bribery management system.
In a statement, CEO Ricardo Naranjo said, "The third quarter demonstrated the continued strength of our strategy and disciplined execution. We delivered another solid financial performance, maintaining our Net Debt-to-EBITDA ratio well below the 3.5x threshold for the fifth consecutive quarter, reinforcing the progress of our deleveraging trajectory and the resilience of our financial profile." He added that the inauguration of the Virú biofactory enhances the company's development capacity and supports its replanting and new planting programs.
Blueberry volumes in the first nine months grew 62.8 per cent year-on-year to 36,500 metric tons. Sales reached USD 242.2 million, up 34.1 per cent, while gross profit rose 38.7 per cent. Cost per kilogram decreased 19.9 per cent, supported by pruning strategies applied in 2024 and an earlier start to the 2025–2026 season. Avocado volumes rose 14 per cent, and the company reported a 20 per cent gross profit margin for this crop despite lower market prices.
Tangerines experienced lower volumes and quality due to adverse weather in Uruguay and Peru. Mangoes and grapes performed in line with expectations following the close of the 2024–2025 season. Capital investments continued during the period, including funding for the new biofactory and nursery.
Short-term debt represented less than 27 per cent of total debt, and the company expects working capital levels to ease as blueberry collections take place in late 2025 and early 2026.
To view the full report, click here.
For more information:
Jossue Yesquen Lihim
Camposol
Email: [email protected]
www.investors.camposol.com
