SQM FY net income $588.1M
TL;DR
SQM reported a net income of $588.1 million for FY 2025, reversing a prior-year loss, driven by strong lithium and iodine performance. Revenues increased slightly to $4,576.2 million, with Q4 showing accelerated growth. The company highlighted record lithium sales, robust iodine pricing, and expansion projects to meet market demand.
SQM FY net income $588.1M
SQM Reports Fiscal Year 2025 Net Income of $588.1 Million, Driven by Lithium and Iodine Growth
Sociedad Química y Minera de Chile S.A. (SQM) reported a net income of US$588.1 million for the fiscal year ended December 31, 2025, reversing a prior-year loss of US$404.4 million. The company attributed the turnaround to strong performance in its lithium and iodine segments, alongside operational advancements. Annual revenues totaled US$4,576.2 million, reflecting a 1.0% year-over-year increase. Gross profit reached US$1,352.6 million, or 29.6% of revenues, compared to US$1,327.1 million (29.3% of revenues) in 2024.
Fourth-quarter results showed accelerated growth, with net income rising 53.0% year-over-year to US$183.8 million. Q4 revenues surged 23.3% to US$1,323.9 million, while gross profit increased 52.7% to US$448.5 million. Management highlighted record lithium sales volumes, robust iodine pricing, and operational milestones, including the first lithium hydroxide shipments from the Kwinana refinery in Australia.
SQM’s lithium operations, including Nova Andino Litio and its International Lithium Division, operated at full capacity to meet demand. The company noted improved supply-demand dynamics in the lithium market, driven by energy storage systems (ESS) and electric vehicle (EV) growth, projecting a potential 25% market expansion in 2026. Additionally, lithium hydroxide produced at Kwinana achieved a 37% lower emissions footprint compared to traditional hard-rock production methods.
The Iodine and Plant Nutrition division contributed 42% of SQM’s total gross profit, fueled by record iodine prices and strong demand from the X-ray contrast media sector. Fertilizer operations also reported stable prices and healthy demand.
With ongoing expansion projects in the Salar de Atacama and tolling agreements in China, SQM aims to sustain production capacity while addressing market demand.
(https://www.stocktitan.net/news/SQM/sqm-reports-earnings-for-the-twelve-months-ended-december-31-pmvf4xfvc05e.html): Data sourced from SQM’s press release dated February 27, 2026.
