Chilean iron ore producer Grupo CAP reported a net loss of $84.7 million in 2026, compared with a net loss of $426.9 in 2025, the company said on its website today.
In the same comparative analysis, net sales increased 7.1 percent to $1.93 billion, gross profit fell 24.4 percent to $228.9 million, while EBITDA fell 9.8 percent to $513.2 million, according to the company.
By volume, iron ore production at subsidiary Compañia Minera del Pacífico (CMP) increased 0.4 percent to 15.125 million metric tons (t), while product sales decreased 0.8 percent to 15.178 million tons
.In 2025, the unit selling price for iron ore achieved by CMP was US$89.20 per wet metric ton (weight), down 8.9 percent from 2024, and unit cost of production increased by 1.2 percent to US$51.70 per ton.
After the closure of the Siderúrgica Huachipato steel mill in In the second half of 2024, Grupo CAP is promoting its “Strategy 2030” initiative. The program aims to strengthen the company's leadership by providing materials that support the decarbonization of the steel industry, offering a portfolio of sustainable solutions for the mining, infrastructure and industrial sectors.
As part of this strategy, Grupo Cap has completed the sale of its steel pipe manufacturer Tubos Argentinos S.
A. (TASA) of Ternium, has opened its Puerto Las Losas marine terminal to other companies and is developing technology centers near universities in Huachipato for the manufacturing industry.
