COLD LATAM LIMITED

Company number

14078460

Status

Active

Incorporation

2022-04-29

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

52103

Hubs

UK Logistics & Mobility

Accounting basis

IFRS

Reporting scope

Consolidated (group)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period to 31 March 2027.”

Subsidiaries

• Cold Latam UK Holdings Ltd · 100% held · United Kingdom · Holding company
• Icestar Chile Holding SpA · 100% held · Chile · Holding company
• Cold Chile S.A · 100% held · Chile · Provision of cold services
• Icestar Colombia S.A.S · 100% held · Colombia · Provision of cold services
• Cold Star Holding LTDA · 100% held · Brazil · Provision of investment strategy services
• Cold Brazil Holding LTDA · 100% held · Brazil · Provision of investment strategy services
• Friofort S.A · 100% held · Chile · Provision of cold services
• Icestar Mexico Holdings S.A.P.I DE C.V · 100% held · Mexico · Holding company

Significant events

• “During 2025, the Company issued further shares. A total of 1,857,373,446 shares were issued with an aggregate nominal value of $65,008,071 for aggregate cash consideration of $117,810,000.”
• “During 2025, the Group made an investment in Superfrio Armazéns Gerais S.A., acquiring a 15% equity interest. The total cash consideration for this investment amounted to approximately $58,550,000.”
• “During 2025, the Group entered into Advance for Future Capital Increase agreements with its controlling shareholder in respect of Superfrio Armazéns Gerais S.A., under which advances were committed to be converted into share capital.”
• “On 3 April 2025, the acquisition of Mega Frio was completed for cash consideration of $31,800,000. The Group acquired the cold storage company in Chile, with 8 sites in the country and transportation services for clients. The total consideration was $31.8m.”
• “On 1 July 2025, the acquisition of Fripusa was completed for cash consideration of $9,300,000 and deferred consideration of $2,900,000. The first acquisition in Peru includes a cold storage facility located in the north of the country, in the port of Paita.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers