Camposol Holding PLC has released its preliminary financial results for the first quarter ending March 31, 2025. The report, prepared under International Financial Reporting Standards (IFRS), shows a year-on-year increase in sales volume and a decrease in the company's net debt-to-EBITDA ratio.
Financial overview
In Q1 2025, Camposol sold 42,570 metric tonnes of fresh produce, marking a 51% increase compared to the same period in 2024. Sales reached USD 179 million, up 18% from the previous year. However, EBITDA declined by 8% to USD 55.4 million, and net profit fell by 32% to USD 24.5 million. The company's EBITDA margin stood at 31%, and the net debt-to-EBITDA ratio improved to 2.30x—the lowest in five years.
Segment performance
The blueberry segment recorded strong performance, with volumes up 36.6% to 22,000 MT and sales totaling USD 136.4 million. Gross profit rose by 21.5%. The company attributed the results to a revised pruning strategy that concentrated production in the first quarter, which contributed to improved operational efficiency and reduced production costs.
The grape segment experienced significant growth, with volumes reaching 5,100 MT—nearly 4.5 times more than in Q1 2024. Sales increased by 635% to USD 17.4 million, and the gross profit margin improved to 27% after a loss in the previous year. These results were supported by improved crop management and a 24% reduction in cost per kilo.
In the mango segment, the company reported a gross profit margin of 33%. Although market conditions returned to more typical levels after last year's high prices, efficient field operations contributed to positive results.
Debt and financial position
Camposol continued efforts to restructure its debt. As of the end of Q1 2025, short-term working capital debt had declined to USD 40.6 million—the lowest quarterly end level in five years. This category now represents under 10% of the total debt. The improved capital structure contributed to the company's net debt-to-EBITDA ratio reaching 2.30x.
Operational developments
The company participated in several international trade events during the quarter and renewed certifications, including Global G.A.P. and GRASP, in Peru. These activities are part of its broader operational and market engagement strategies.
These preliminary results are subject to change pending the release of audited financial statements.
To view the full report, click here.
For more information:
Jossue Yesquen Lihim
Camposol
Tel: +51 1 634 7100
Email: [email protected]
www.camposol.com