Campofrío maintains sales and cuts operating losses

Carnival company Campofrío maintained its sales figures and reduced its operational losses in the 2025 fiscal year, according to financial reports filed with the Spanish Mercantile Registry. The company reported €2,112 million in sales, similar to the previous year, driven by strong growth in its main brands, which offset losses from its Torrent plant in Valencia.

Despite a net profit of €40.1 million, compared to losses of €63 million the previous year, the company attributed its improved performance to a higher EBITDA and positive currency conversion differences. Excluding non-recurring impacts, such as insurance compensations from the Torrent plant catastrophe, Campofrío recorded a loss of €31.2 million, a 6.5% improvement from the prior year.

The company's EBITDA, excluding insurance-related damage costs, rose by 17.2% year-over-year to €82.9 million. Campofrío attributes this increase to a 3% growth in its brand business, as well as improved operational efficiency that helped offset rising prices for raw materials. The company announced a €157 million industrial plan aimed at regaining industrial capacity in Spain, which includes constructing a new plant in Utiel and relocating a bacon category to La Bureba, Burgos.

The new plant is designed to be among the most advanced in the group, increasing installed capacity and enabling a more agile response to future demand in Spain and Europe, strengthening industrial flexibility and resilience. Additionally, Campofrío announced a strategic alliance with Group Vall Companys in fresh pork products to improve profitability, enhance specialization in consumer-focused pork products, and strengthen supply stability and traceability.

The alliance also involved Campofrío acquiring a 25% stake in Agroalimentaria Chico, Vall Companys' pork products company, and selling the remaining 75% of its shares in Desarrollos Porcinos de Castilla y León, a 42% stake, to the Vall Companys group.