SQM reports record net income for 2025, driven by strong lithium and iodine demand, with a significant revenue increase.
Quiver AI Summary
Sociedad Química y Minera de Chile S.A. (SQM) reported a net income of US$588.1 million for the twelve months ending December 31, 2025, a notable recovery from a net loss of US$(404.4) million in the previous year. Total revenues increased slightly to US$4,576.2 million, and gross profit rose to US$1,352.6 million, reflecting strong demand in the lithium and iodine markets. The fourth quarter showed particularly robust performance, with revenues up 23.3% year-on-year, driven by record sales volumes in lithium due to heightened demand from energy storage systems and electric vehicles. CEO Ricardo Ramos highlighted expanding operations and successful shipments from their Australian lithium refinery, while also noting solid contributions from their Iodine and Plant Nutrition division, which benefitted from high prices and strong demand in the iodine market. A conference call to discuss these results is scheduled for March 2, 2026.
Potential Positives
- SQM achieved a net income of US$588.1 million for 2025, a significant turnaround from a net loss of US$(404.4) million the previous year.
- The company reported record-high sales volumes for lithium, indicating strong demand and a positive market environment for their products.
- The gross profit for Q4 2025 increased by 52.7%, highlighting improved profitability compared to the same quarter in 2024.
- Strong performance in the iodine segment, which contributed approximately 42% of total gross profit, amidst rising prices and demand in the market.
Potential Negatives
- Despite a reported net income, the company's revenue growth is marginal at only 1.0%, indicating potential stagnation in business performance.
- While there are record-high sales volumes in lithium, the company faces challenges related to supply-demand balance and market disruptions that could affect future performance.
- The significant reliance on iodine and plant nutrition for gross profit (42%) suggests a vulnerability in case of market fluctuations in those sectors.
FAQ
What were SQM's total revenues for 2025?
SQM reported total revenues of US$4,576.2 million for the twelve months ended December 31, 2025.
How much net income did SQM report for 2025?
SQM reported a net income of US$588.1 million or US$2.06 per share for the twelve months ended December 31, 2025.
When is SQM's conference call to discuss 2025 results?
The conference call will be held on Monday, March 2, 2026, at 10:00am EST.
What contributed to SQM's strong performance in iodine?
Solid performance in iodine was driven by record prices amid tight supply conditions and strong demand, particularly from the X-ray contrast media market.
How did lithium sales volumes perform in 2025?
SQM experienced record-high sales volumes in both its lithium businesses amid strong market demand and a tightening supply-demand balance.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SQM Hedge Fund Activity
We have seen 159 institutional investors add shares of $SQM stock to their portfolio, and 142 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAILLIE GIFFORD & CO removed 2,628,165 shares (-29.7%) from their portfolio in Q4 2025, for an estimated $180,817,752
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 1,921,152 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $82,571,112
- LAZARD ASSET MANAGEMENT LLC removed 1,433,749 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $61,622,532
- MACQUARIE GROUP LTD removed 1,016,318 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $69,922,678
- CASTLE HOOK PARTNERS LP added 1,006,637 shares (+inf%) to their portfolio in Q4 2025, for an estimated $69,256,625
- MANNING & NAPIER ADVISORS LLC removed 959,226 shares (-30.3%) from their portfolio in Q4 2025, for an estimated $65,994,748
- ITAU UNIBANCO HOLDING S.A. removed 919,538 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $39,521,743
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SQM Analyst Ratings
Wall Street analysts have issued reports on $SQM in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Deutsche Bank issued a "Buy" rating on 01/21/2026
- JP Morgan issued a "Overweight" rating on 12/17/2025
- Itau BBA issued a "Outperform" rating on 09/04/2025
To track analyst ratings and price targets for $SQM, check out Quiver Quantitative's $SQM forecast page.
$SQM Price Targets
Multiple analysts have issued price targets for $SQM recently. We have seen 8 analysts offer price targets for $SQM in the last 6 months, with a median target of $68.5.
Here are some recent targets:
- Corinne Blanchard from Deutsche Bank set a target price of $91.0 on 01/21/2026
- Lucas Ferreira from JP Morgan set a target price of $93.0 on 01/20/2026
- Ben Isaacson from Scotiabank set a target price of $90.0 on 01/12/2026
- Felipe Flores from Citigroup set a target price of $74.0 on 12/12/2025
- Marcio Farid from Goldman Sachs set a target price of $63.0 on 12/05/2025
- Mazahir Mammadli from Rothschild & Co set a target price of $54.0 on 10/24/2025
- Alejandro Demichelis from Jefferies set a target price of $50.0 on 10/06/2025
Full Release
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Highlights
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| SQM will hold a conference call to discuss these results on Monday, March 2, 2026 at 10:00am EST (12:00pm Chile time). |
| Participant Call link: https://register-conf.media-server.com/register/BI256bddfcaae643f591a9cfc6b2a449d6 |
| Webcast: https://edge.media-server.com/mmc/p/f6nxktxe |
SANTIAGO, Chile, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today net income for the twelve months ended December 31, 2025, of US$588.1 million or US$2.06 per share, compared to a loss of US$(404.4) million or US$(1.42) per share reported for the same period last year.
Gross profit ( 1) reached US$1,352.6 million (29.6% of revenues) for the twelve months ended December 31, 2025, higher than US$1,327.1 million (29.3% of revenues) recorded for the twelve months ended December 31, 2024. Revenues totaled US$4,576.2 million for the twelve months ended December 31, 2025, representing an increase of 1.0% compared to US$4,528.8 million reported for the twelve months ended December 31, 2024.
The Company also announced net income for the fourth quarter of 2025 of US$183.8 million or US$0.64 per share, an increase of 53.0% compared to US$120.1 million or US$0.42 per share for the fourth quarter of 2024. Gross profit for the fourth quarter of 2025 reached US$448.5 million, 52.7% higher than the US$293.8 million reported for the fourth quarter of 2024. Revenues totaled US$1,323.9 million for the fourth quarter of 2025, an increase of 23.3% compared to US$1,073.8 million for the fourth quarter of 2024.
SQM’s Chief Executive Officer, Ricardo Ramos, stated, “Our fourth quarter 2025 results reflected record-high sales volumes across both of our lithium businesses: Nova Andino Litio (formerly SQM Salar) and our International Lithium Division. In November 2025, we began to see early signs of an improved supply-demand balance, driven by stronger-than-expected demand from energy storage systems (ESS), as well as certain supply disruptions. This led to a tighter market environment and a shift in pricing trends. We continue to observe solid demand fundamentals, and we estimate that the lithium market could grow by approximately 25% this year, led by electric vehicles (EVs) and ESS.”
Mr. Ramos continued: At Nova Andino Litio, we are operating at full capacity to meet our customer commitments while continuing to advance our expansion plans in the Salar de Atacama. In parallel, we are increasing refinery of lithium carbonate from lithium sulfate in China through tolling agreements.”
He added: “In Australia, we are also operating at full capacity in the production of spodumene concentrate. In January of this year, we celebrated our first shipment of lithium hydroxide produced in Australia at the Kwinana refinery. Notably, lithium hydroxide from Kwinana refinery has been certified under the International Lithium Association’s Life Cycle Assessment framework, demonstrating a 37% lower emissions footprint compared to traditional hard-rock production refined in China.”
Mr Ramos continued: “Our Iodine and Plant Nutrition division delivered solid performance, particularly in iodine, which contributed approximately 42% of SQM’s total gross profit. By year-end, we observed record iodine prices amid tight supply conditions and strong demand, particularly from the X-ray contrast media market. In the fertilizer business, we observed healthy demand and stable prices across our key markets”.
For media inquiries, contact:
Nova Andino Litio:
Ignacia Lopez /
[email protected]
International Lithium Division:
Diana Wearing Smith /
[email protected]
Iodine & Plant Nutrition Division:
Carolina Guzman /
[email protected]
Note: To see full press release please visit our website: https://ir.sqm.com/
