The Nueva Pescanova Group works to bring the freshness of the sea to the table in 80 countries on 5 continents.

Nueva Pescanova Bolsters Recovery: EBITDA Soars 73% in First Half of 2025

The company slashes net losses by 65% and boosts sales by 7.9%, driven by efficiency measures and a revamped commercial strategy amidst internal consolidation.

Vigo – Grupo Nueva Pescanova announced its first-half results today, confirming a robust recovery and the effectiveness of its internal strategy. The period's EBITDA climbed 73% to €27 million, a significant jump from the €15.6 million recorded in the same half of the previous year. Sales also showed positive growth, increasing by 7.9% to €490.9 million, while net losses were drastically cut by 65%.

The improved profitability is a direct result of operational efficiency measures and a revamped commercial strategy that prioritizes higher-value operations. These initiatives, driven by the entire organization's commitment, have been key to containing costs and boosting profitability across all of the company's business lines.

Nueva Pescanova's management remains optimistic about EBITDA growth for the full year, reaffirming its path towards a positive net result. "The company continues to meet its goals and advance in its recovery, maintaining its strategy to achieve greater financial strength and consolidate improvement in the coming months," internal sources stated.

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Strategy Focused on Efficiency and Value

Following the conclusion of discussions for a potential sale in 2023, the company has opted for an internal strengthening strategy under the direction of its current CEO, Jorge Escudero. This new roadmap has focused on optimizing operations, enhancing competitiveness, and boosting the value of its business model.

The significant 65% reduction in net losses is a clear indicator of these measures' success, which aim not only for financial stability but also for sustainable long-term growth in a complex global market.

Photo: Nueva Pescanova

Future Prospects and Market Challenges

Despite these positive results, Nueva Pescanova isn't immune to the inherent challenges of the global seafood market. Fluctuating raw material prices, inflationary pressures on operational costs, and increasing competition in key markets continue to be factors to monitor. However, the company appears well-positioned to address them, thanks to its value-added strategy, geographical and product diversification, and commitment to operational efficiency.

Photo: Nueva Pescanova

With these first-half results, Nueva Pescanova reaffirms its confidence in its ability to consolidate its recovery and strengthen its position as one of the world's leading seafood companies, prioritizing internal management and resource optimization.

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