Sociedad Química y Minera Posts US$588 Million Net Income on Record Lithium Volumes
Sociedad Química y Minera de Chile posted net income of US$588.1 million (US$2.06/share) for 2025, reversing a US$404.4 million loss a year earlier, on revenues of US$4,576.2 million, up 1.0% year-over-year. Fourth-quarter net income rose 53.0% to US$183.8 million, driven by record lithium sales volumes and stronger iodine prices.
1. Full-Year Earnings Turnaround
Sociedad Química y Minera de Chile delivered net income of US$588.1 million (US$2.06/share) for the year ended December 31, 2025, compared with a US$404.4 million loss in 2024, on revenues of US$4,576.2 million, up 1.0% year-over-year. Gross profit reached US$1,352.6 million, or 29.6% of revenues, slightly above the prior year’s 29.3%.
2. Fourth-Quarter Performance and Lithium Demand
In the fourth quarter, net income increased 53.0% to US$183.8 million (US$0.64/share), with revenues of US$1,323.9 million, up 23.3% year-over-year. Record lithium sales volumes, fueled by stronger energy storage and EV demand alongside supply disruptions, supported revenue growth and margin expansion.
3. Production Expansion and Sustainability Efforts
The company is operating at full capacity in the Salar de Atacama and Australian spodumene facilities while advancing expansion plans. In January 2026, it shipped its first lithium hydroxide from the Kwinana refinery, certified to have a 37% lower emissions footprint under the International Lithium Association’s Life Cycle Assessment framework.
4. Iodine and Plant Nutrition Performance
The Iodine and Plant Nutrition division contributed approximately 42% of total gross profit by capitalizing on tight supply to achieve record iodine prices. Fertilizer sales maintained stable volumes and pricing across key markets, supporting diversification of revenue streams.