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Culmarex Group Soars: Net Profit Jumps by 606%, Exceeding One Million Euros

Águilas, Murcia – Spain, 20 October 2025 | Culmarex allocated the majority of this profit - €1,239,334 – to voluntary reserves, thereby strengthening its capital for future projects

Granja Marina Culmarex

Culmarex Group, specialising in marine aquaculture, has achieved a spectacular financial recovery, closing the 2024 financial year with a Net Profit of €1,377,037—a figure more than seven times higher than the previous year’s earnings—according to information accessed by misPeces from the Murcia Commercial Registry.

The company boosted its results by a resounding 606% compared to the €195,027 recorded in the 2023 financial year. This leap confirms a robust trajectory for the company, which is owned by the Canadian giant Cooke Aquaculture Inc, following a period of sector adjustment.

The company’s Management Report – whose primary business is aquaculture and the commercialization of fish – indicates that the performance in 2024 met the administrator’s business and market expectations. While no specific cause for this explosive growth in profitability is detailed, the figure reflects management that has allowed the company to significantly expand its marging.

Reflecting its strong financial position, Culmarex allocated the majority of this profit - €1,239,334 – to voluntary reserves, thereby strengthening its capital for future projects.

Furthermore, business growth had a direct impact on employment. The Murcia-based company increased its average number of permanent employees by 46 people, rising from 232 staff in 2023 to 278 in 2024, consolidating its role as an economic driver in the region.

According to the data filed with the Mercantile Registry, Culmarex reached a net turnover of €256,875,598 in 2024, with total assets of €190,624,459 and shareholders’ equity of €112,875,734, confirming its strong financial position and sound capital structure. The standard balance sheet for the fiscal year reflects a balanced management model and sustained growth in the company’s core business.

Looking ahead, the board remains optimistic and expects the business trajectory for 2025 to continue to be positive, despite global market uncertainties. The company also highlighted that it maintains control over its financial risks, with nearly 90% of its debt at fixed interest rates.