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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Multiexport Foods
Multiexport Foods (MULTI-X) investor relations material
Multiexport Foods Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary27 Aug, 2026
Executive summary
Q2-26 delivered record second-quarter revenue and sales volume; stronger prices, productivity, cost efficiencies, and commercial execution lifted profitability.
Q2 revenue was US$228.941M; net income before fair value was US$26.604M. Net debt/EBITDA fell to 1.6x, its lowest level in three years.
EY’s limited review concluded the interim financial statements presented fairly in all material respects under IAS 34; this was a review, not an audit.
Financial highlights
Q2-26 revenue was US$228.941M, up 6.8% YoY; H1-26 revenue was US$459.819M, up 5.5%.
Q2-26 operational EBIT was US$41.896M vs US$8.789M; EBITDA was US$49.993M vs US$16.860M.
Q2 net income was US$19.493M vs US$3.933M; net income before fair value was US$26.604M vs US$5.085M. H1 net income was US$14.449M vs US$9.157M; before fair value, US$30.298M vs US$16.341M.
Q2-26 harvest volume was 27,827 tons WFE, up 2.8% YoY; sales volume was 27,647 tons WFE, up 2.2%.
H1 gross profit was US$48.474M vs US$38.133M; operating income was US$28.912M vs US$20.958M.
Outlook and guidance
Q2 harvest volume evolution remained in line with 2026 guidance, supported by strong biology and lower mortality.
Global salmon supply is expected to remain flat over the rest of 2026, with H2 supply normalization forecast by Kontali.
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Latest events from Multiexport Foods
- Record Q1 revenue and volumes, but net loss and negative cash flow amid oversupply.MULTI-X
Q1 2026 - Record Q4 revenue and harvest, lower costs and debt, despite salmon price pressure.MULTI-XQ4 2025
- Revenue up 28% and EBIT growth achieved, with premium pricing despite market headwinds.MULTI-XQ2 2025
- Harvests and revenue declined, but gross profit and net loss improved with covenant waivers granted.MULTI-XQ4 2024
- Record price achievement, cost savings, and premium sales drove profit and margin gains.MULTI-XQ3 2025
- Record sales, higher harvests, and cost savings drove a strong profit rebound in Q1 2025.MULTI-XQ1 2025
- Revenue and volumes fell, margins compressed, but cost savings and strong pricing offset some pressure.MULTI-XQ3 2024
- Revenue and profit fell sharply on lower volumes and higher costs, with a major plant fire loss.MULTI-XQ2 2024
Next Multiexport Foods earnings date
Q3 202617 Nov, 2026
Multiexport Foods
Next Multiexport Foods earnings date
Q3 202617 Nov, 2026
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Frequently asked questions
Multiexport Foods S.A., known as MULTI X, is a prominent player in the aquaculture industry, primarily engaged in the cultivation, processing, and distribution of Atlantic salmon and trout. The company extends its offerings to include frozen and smoked fish products, as well as mussels. It has a significant international presence, exporting products to over 30 countries across the Americas, Europe, and Asia. The company is headquartered in Puerto Montt, Chile, and its shares are listed on the Santiago Stock Exchange.