SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has
SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has spent the past several years reshaping its business model and sharpening its strategic focus, the results signal both operational momentum and growing scale in the global tug market.
The Chile-based maritime services provider reported net income of $80.4 million for 2025, while EBITDA reached $216.9 million, representing a 15% increase compared to the previous year. Revenue also climbed 9% year-over-year, reflecting resilient demand across its core service segments and improvements in operational efficiency.
For SAAM, the performance caps a multi-year transformation that followed the sale of its port terminal assets earlier in the decade. Since 2021, the company has effectively doubled the size of its continuing operations and repositioned itself as one of the leading towage operators in the Americas. Today, the company operates in more than 100 ports across 12 countries, with a fleet of more than 200 tugboats stretching from Canada to the southern cone of South America.
Towage remains the core driver of the company’s financial performance. Under the SAAM Towage brand, the segment delivered
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