SAAM, a leading maritime services provider, has closed 2025 with record financial performance, solidifying its position as a major player in the harbor towage market. The company's net income reached $80.4 million, while EBITDA increased by 15% to $216.9 million compared to the previous year. This growth reflects resilient demand across its core service segments and improvements in operational efficiency. As a result, SAAM has effectively doubled the size of its continuing operations since 2021 and repositioned itself as one of the leading towage operators in the Americas.
["The company's financial performance is largely driven by its towage business, which delivered EBITDA of approximately $187 million in 2025. Revenue exceeded $526 million, with an EBITDA margin of roughly 35.6%. This underscores the importance of high-quality harbor towage services tailored to customer needs and operational discipline. As ports across the Americas continue to see steady cargo flows tied to container shipping, energy exports, and bulk commodities, SAAM's focus on these areas has been central to its strategy.", ["In addition to its core business, SAAM's air cargo logistics unit contributed significantly to the year's positive performance. The division generated revenue of more than $105 million while delivering a 16% increase in EBITDA. Investments in improved service levels, safety standards, and operational modernization helped strengthen the unit's ability to respond to rising cargo volumes at airports across Latin America.", ['Beyond its financial results, SAAM has continued to execute on strategic initiatives designed to strengthen its regional footprint and operational capabilities. The acquisition of Intertug, a towage operator with a presence in Colombia and Mexico, will give SAAM full ownership of the company and enhance its presence in these key markets.', ["The commissioning of Trapananda, the first fully electric tug operating in Latin America, marks an important step in SAAM's broader sustainability strategy. Electric propulsion in harbor towage remains an emerging technology globally, but early deployments are gaining traction as ports and ship operators seek to reduce emissions in coastal and urban environments.", ['Leadership transition also marked the year, with longtime CEO Macario Valdés stepping down after guiding the company through a period of strategic restructuring and growth. Hernán Gómez assumed the role of chief executive on February 1, signaling the start of a new phase as the company builds on the foundation laid over the past several years.', ["With its financial position strengthened and a growing regional footprint, SAAM is well positioned to pursue further international expansion. The company's scale and operational expertise in harbor towage will likely play a key role in this strategy, particularly as ports adopt stricter emissions standards.", ['Demand for harbor towage services remains closely tied to global trade flows and port activity, both of which are expected to remain relatively stable in the Americas in the near term. Ongoing fleet modernization, however, will become increasingly important as SAAM seeks to stay competitive in the market.', ['Looking ahead, SAAM appears poised to continue strengthening its position as one of the dominant harbor towage operators in the Americas, while increasingly looking beyond the region for its next phase of growth.']]]]]]]]
