SQM Posts FY25 EPS $2.06, Forecasts 25% Lithium Demand Growth
SQM reported FY25 EPS of $2.06 versus a $1.42 loss a year earlier on revenue of $4.576B, driven by record lithium sales volumes. The miner forecasts 25% lithium demand growth this year and targets 30% Atacama JV production growth as deficits could begin by 2028.
1. Strong FY25 Results
SQM reported FY25 EPS of $2.06 versus a $1.42 loss last year on revenue of $4.576B, driven by record lithium sales volumes across its Nova Andino Litio and International Lithium divisions.
2. Robust Demand and Pricing Outlook
The miner forecasts 25% lithium demand growth this year led by electric vehicles and energy storage systems, and anticipates a significantly stronger price environment as oversupply fades.
3. Production Expansion at Atacama JV
Through its joint venture with Codelco at the Atacama complex, SQM is targeting roughly 30% production growth over the coming years to capitalize on structural market deficits expected from 2028.