The sharp improvement in Q4 and full-year profitability, especially in lithium and iodine, suggests SQM is well-positioned to capitalize on recovering commodity demand. Traders should monitor upcoming guidance for 2026, particularly around lithium market growth estimates (~25%) and expansion progress in Atacama and Australia.
Price Chart
Executive Summary
SQM reported a strong recovery in full-year 2025 with net income of $588.1M versus a $404.4M loss in 2024, driven by a 23.3% revenue increase in Q4 and record lithium sales volumes. The company benefited from tightening lithium markets and record iodine prices, which contributed 42% of gross profit.
Key Financial Metrics
Key Facts
- Full-year 2025 revenue: $4.576B (+1.0% YoY), net income: $588.1M vs. $404.4M loss in 2024
- Q4 2025 revenue: $1.324B (+23.3% YoY), net income: $183.8M (+53.0% YoY)
- Q4 gross profit: $448.5M, up 52.7% from $293.8M in Q4 2024
- Iodine contributed ~42% of total gross profit in 2025, with record prices due to tight supply
- First lithium hydroxide shipment from Kwinana refinery in Australia; certified with 37% lower emissions
Financial Impact
Net income swung from $404.4M loss to $588.1M profit; Q4 revenue up $250M YoY
Risk Factors
- Lithium prices remain cyclical and sensitive to EV demand and supply additions
- Geopolitical and regulatory risks in Chile related to mining operations and environmental policies
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3246874 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 8w ago | 6-K | $78.28 $67.12 | ▼ −14.26% | ▼ −14.48% | $60.51 (−22.69%) |
Aug 21, 2026 9w ago | 6-K | $81.96 $69.53 | ▼ −15.17% | ▼ −14.64% | $60.51 (−26.17%) |
Aug 19, 2026 9w ago | Press Release | $75.38 $71.80 | ▲ +4.75% | ▲ +2.80% | $60.51 (+19.72%) |
Jun 11, 2026 19w ago | Institutional Cluster | $84.12 $73.19 | ▼ −12.99% | ▼ −14.77% | $60.51 (−28.06%) |
May 27, 2026 21w ago | 6-K | $83.94 $73.11 | ▼ −12.90% | ▼ −11.00% | $60.51 (−27.91%) |
May 26, 2026 21w ago | Press Release | $83.94 $73.11 | ▼ −12.90% | ▼ −11.00% | $60.51 (−27.91%) |
Feb 27, 2026 34w ago | Press Release | $74.78 $80.92 | ▲ +8.21% | ▲ +16.15% | $60.51 (−19.08%) |
US Market Status
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