Santiago, 08.07.2026 | SAAM [SM SAAM] reported net income of US$38 million (-6% compared with the same period last year) for the first half of 2026. EBITDA totaled US$103 million (+3%), revenue reached US$333 million (+10%), and operating income remained stable at US$48 million.
Higher fuel and maintenance costs, along with exchange-rate effects, influenced the results.
“Our performance in the first half of the year confirms the strength and resilience of our business model in towage and air logistics, with a significant increase in revenue. Increased activity and a better rate mix helped us manage rising costs more effectively. At the same time, we continue investing to generate new growth opportunities, strengthen processes, and advance our systems,” said SAAM’s CEO, Hernán Gómez.
Highlights of the first half of the year include the completion of the acquisition of a 30% stake in Intertug, bringing SAAM’s ownership to 100%; the addition of new tugboats to the fleets in Chile and Mexico; new contracts at Aerosan; and the payment of a final dividend of US$60.4 million to shareholders.
Results by Business Area
SAAM Towage’s (tugboats) operations grew by 8% during the period, while time charter days (associated with dedicated services at oil, gas and mining terminals) remained stable at 5,290 days (+1%).
At Aerosan (air logistics), export shipments increased (+4%), while imports declined (-13%) and volume remained stable at 220,900 metric tons.
