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Sociedad Química y Minera de Chile (SQM) investor relations material
Sociedad Química y Minera de Chile Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Signed association agreement with Codelco, creating Nova Andino Litio for long-term lithium production from Salar de Atacama.
Total 2025 revenues reached $4,576.2M, up 1% year-over-year; net income was $588.1M versus a net loss in 2024.
Fourth quarter 2025 revenue reached $1,324 million, up 23% year-over-year and 13% quarter-on-quarter.
Achieved record lithium sales volumes and strong iodine performance in Q4, with robust demand in plant nutrition.
Advanced sustainability initiatives, earning recognition from S&P Global, Dow Jones, MSCI, and EcoVadis.
Financial highlights
Gross profit for 2025 was $1,352.6M (29.6% margin), up from $1,327.1M (29.3%) in 2024.
Adjusted EBITDA for 2025 reached $1,579.6M (34.5% margin), up from $1,483.6M (32.8%) in 2024.
Lithium contributed 45% and iodine 42% to FY2025 gross profit.
Record lithium sales volumes (+33% YoY) and higher average prices (+4% YoY).
Iodine sales volumes increased 16% YoY, with prices up 4%.
Outlook and guidance
Lithium market expected to grow ~25% in 2026, led by EVs and energy storage; sales volumes at Nova Andino Litio projected to rise over 10%.
Iodine market forecasted to grow 3% in 2026; sales volumes expected to remain flat or slightly increase.
Specialty Plant Nutrition sales volumes anticipated to grow 2–4% in 2026.
Potash sales volumes expected to decline by ~20% in 2026.
Industrial chemicals sales volumes and prices expected to remain stable in 2026.
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