Camposol records a 35% growth in volume in the third quarter
In the first nine months of 2025, the company recorded sales of $367 million, a 21% increase compared to the same period in 2024. Sales volume reached 99.737 tons, a 35% increase over the same period of the previous year. EBITDA was $101,2 million, down 1% year-over-year, with a margin of 28%. Net income was $19,2 million, a 41% decrease. The company's net debt-to-EBITDA ratio was 2,81x.
Camposol participated 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 organizations and obtained ISO 37001 certification for its anti-bribery management system.
In a statement, CEO Ricardo Naranjo declared: “The third quarter has demonstrated the strength of our strategy and the discipline in its execution. We have once again delivered solid financial results, keeping 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 opening of the Virú biofactory enhances the company’s development capabilities and supports its replanting and new planting programs.
Blueberry volume in the first nine months grew 62,8% year-over-year to 36.500 metric tons. Sales reached USD 242,2 million, up 34,1%, while gross profit increased 38,7%. Cost per kilogram decreased 19,9%, thanks to pruning strategies implemented in 2024 and an earlier start to the 2025-2026 season. Avocado volumes increased 14%, and the company reported a 20% gross profit margin for this crop despite lower market prices.
Mandarins saw lower volumes and quality due to adverse weather conditions 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 accounted for less than 27% of total debt, and the company expects working capital levels to decrease as blueberry harvests take place in late 2025 and early 2026.