BioMar is continuing to drive organic business growth with strong earnings and a stable return on invested capital. The company reported that its ROIC remains consistent with the record-breaking year of 2024, while cash flow from operations has improved significantly.
BioMar’s record sales volumes and earnings momentum continued into the second quarter. Sales volumes for Q2 increased by 14% year-on-year, with all feed segments contributing to the growth. The company maintained a healthy EBITDA as it prepared for the high season in Q3. Overall, these results confirm the company’s expectations for a strong full-year performance.
“As a part of our strategic commitment to growth, we have successfully continued the increase in sales volumes in Q2, reinforcing value-creating partnerships with key customers across our markets,” explained Carlos Diaz, CEO, BioMar Group. “I am proud to witness that this growth was achieved with healthy profitability, improved cash flow and a solid ROIC. As expected, a change in customer mix towards large customers with larger volumes impacted profit measured per tonne, while we continue our focus on achieving the critical volumes to be efficient and competitive, while optimizing our cash discipline.”
EBITDA is reported at DKK 349 million (USD 54.6 million), which is slightly lower than the exceptionally strong Q2 2024 at DKK 361 million (USD 65.5 million). This is mainly due to the larger feed volumes sold to major customers. The non-consolidated joint venture feed companies in China and Turkey reported an EBITDA of DKK 48 million (USD 7.5 million) for the quarter, down from DKK 64 million(USD 10 million)in Q2 2024.
"We prepared for this ramp-up by strengthening the company’s commercial and operational excellence, which was reflected in last year's record earnings," Diaz concluded. "We remain on track with rebalancing our growth, and I look forward to the rest of 2025 with great expectations."
Return on Invested Capital (ROIC), including goodwill, remains attractive at 19.6% as of June 30, 2025, compared to 19.8% on June 30, 2024. Cash flow from operating activities for Q2 amounted to DKK 249 million (39 million), a significant improvement from DKK 116 million in Q2 2024. This improvement is primarily due to new initiatives in cash discipline.
