2025 Performance
The Transport division continued to improve its operating activity through the implementation of its Management Model, which is based on five fundamental pillars: operational excellence, growth, transformation, community and urban development.
Safety performance
In 2025, FCAB recorded another fatality-free year (2024: 0 fatalities). The lost time injury frequency rate (LTIFR) was 1.24 (2024: 0.42), and the total recordable injury frequency rate (TRIFR) was 2.99 (2024: 1.27).
Operating performance
Total volumes transported during the full year were 10% lower at 6.4 million tonnes, reflecting reduced levels of overall demand for the transportation of concentrates and sulphuric acid. EBITDA reached $70 million, a 8% decrease compared to 2024, due to lower transported volumes. The Transport Division remains focused on three pillars: (1) productivity improvements, (2) growth, and (3) operational efficiencies. These pillars aim to boost competitiveness, in a market characterised by new competitors and expanding urban areas along the railway corridor.
Costs and operating efficiency
Productivity, measured as tonnes transported per employee, rose by 7% compared to 2024. Total cash costs per tonne remained broadly stable compared to 2024, demonstrating effective cost control despite lower volumes.
Technology and innovation
During 2025, FCAB designed and launched a medium-term transformation programme, known as Vías de Transformación (‘Transformation Pathways’). This programme is structured around three main areas: driving commercial growth, increasing productivity, and developing operational efficiencies.
Sustainability
In 2025, FCAB made significant progress on two flagship sustainability initiatives in the Antofagasta Region: Firstly, the division’s hydrogen-powered locomotive began operations between Antofagasta and Mejillones (see below for more details). Secondly, FCAB continued the transformation of the historic Bellavista Yard, located in the centre of the city of Antofagasta. During 2025, remediation of the first ten hectares was completed, with 20% of the site now planted with native trees and converted into communal green space.
This redevelopment project, undertaken in close collaboration with local authorities and community groups, is set to increase the city’s green space by 7% and provide new recreational areas for residents, along with additional housing and infrastructure. The Bellavista Yard initiative not only rehabilitates a former industrial site but also supports urban biodiversity and enhances quality of life in the heart of Antofagasta.
FCAB’s commitment to the region is further reflected in its workforce: over 85% of employees are residents of the Antofagasta Region, supporting local economic development and strengthening ties with the communities in which the Group operates.
Visit our FCAB website for more details