SQM Reports Earnings for the Six Months Ended June 30, 2025
SQM (NYSE: SQM) reported financial results for H1 2025, with total revenues of US$2,079.3 million, down 12.6% from US$2,378.1 million in H1 2024. The company posted net income of US$226.0 million (US$0.79 per share), compared to a net loss of US$(655.9) million in the same period last year.
Q2 2025 performance showed net income of US$88.4 million (US$0.31 per share), declining 58.6% year-over-year. The quarter was impacted by lower lithium market prices, affecting contracted volumes. Despite challenges, SQM expects 10% growth in sales volumes from Salar de Atacama operations compared to last year.
Notably, SQM announced the completion of the Kwinana refinery in Australia through Covalent, its joint venture with Wesfarmers. The facility achieved first production in July and is expected to produce 50,000 tons of battery-grade lithium hydroxide annually after an 18-month ramp-up period.
SQM (NYSE: SQM) ha reso noti i risultati finanziari per il 1° semestre 2025: ricavi totali per US$2.079,3 milioni, in calo del 12,6% rispetto a US$2.378,1 milioni nel 1° semestre 2024. La società ha registrato un utile netto di US$226,0 milioni (US$0,79 per azione), rispetto alla perdita netta di US$(655,9) milioni dello stesso periodo dell’anno precedente.
Nel Q2 2025 l’azienda ha riportato un utile netto di US$88,4 milioni (US$0,31 per azione), in diminuzione del 58,6% su base annua. Il trimestre è stato influenzato da prezzi più bassi del litio, che hanno inciso sui volumi contrattati. Nonostante le difficoltà, SQM prevede un aumento del 10% dei volumi di vendita delle operazioni nel Salar de Atacama rispetto allo scorso anno.
Da segnalare, SQM ha completato la raffineria di Kwinana in Australia tramite Covalent, la joint venture con Wesfarmers. L’impianto ha prodotto il suo primo output a luglio e, dopo un periodo di ramp-up di 18 mesi, dovrebbe raggiungere una capacità di 50.000 tonnellate annue di idrossido di litio per batterie.
SQM (NYSE: SQM) presentó resultados financieros del 1S 2025, con ingresos totales de US$2,079.3 millones, un descenso del 12.6% respecto a US$2,378.1 millones en el 1S 2024. La compañía registró un beneficio neto de US$226.0 millones (US$0.79 por acción), frente a una pérdida neta de US$(655.9) millones en el mismo periodo del año anterior.
En el 2T 2025 obtuvo un beneficio neto de US$88.4 millones (US$0.31 por acción), una caída del 58.6% interanual. El trimestre se vio afectado por menores precios del litio, lo que impactó los volúmenes contratados. A pesar de las dificultades, SQM espera un crecimiento del 10% en los volúmenes de venta procedentes del Salar de Atacama respecto al año pasado.
Destaca que SQM completó la refinería de Kwinana en Australia a través de Covalent, su joint venture con Wesfarmers. La planta inició su primera producción en julio y, tras 18 meses de puesta a punto, se espera que alcance una producción anual de 50.000 toneladas de hidróxido de litio grado batería.
SQM (NYSE: SQM)는 2025년 상반기 실적을 발표했습니다. 총매출은 20억7,930만 달러(US$2,079.3 million)로 2024년 상반기 23억7,810만 달러에 비해 12.6% 감소했습니다. 회사는 순이익 2억2,600만 달러(US$226.0 million)(주당 US$0.79)을 기록했으며, 이는 전년 동기 순손실 US$(655.9) million과 대비됩니다.
2025년 2분기 실적은 순이익 8,840만 달러(US$88.4 million)(주당 US$0.31)로 전년 동기 대비 58.6% 감소했습니다. 분기는 리튬 가격 하락으로 계약 물량에 영향을 받았습니다. 그럼에도 SQM은 아타카마 소금호(Salar de Atacama) 사업의 판매량이 전년 대비 10% 증가할 것으로 예상하고 있습니다.
특히 SQM은 Wesfarmers와의 합작법인인 Covalent를 통해 호주 Kwinana 정제공장을 완공했다고 발표했습니다. 이 시설은 7월에 첫 생산을 시작했으며, 18개월의 가동 안정화 기간 이후 연간 5만 톤의 배터리 등급 수산화리튬을 생산할 것으로 예상됩니다.
SQM (NYSE: SQM) a publié ses résultats pour le 1er semestre 2025 : un chiffre d’affaires total de 2 079,3 M$, en baisse de 12,6% par rapport à 2 378,1 M$ au 1S 2024. La société a dégagé un bénéfice net de 226,0 M$ (0,79 $/action), contre une perte nette de (655,9) M$ sur la même période l’an dernier.
Au T2 2025, le bénéfice net s’est élevé à 88,4 M$ (0,31 $/action), en recul de 58,6% sur un an. Le trimestre a été pénalisé par des prix du lithium plus bas, affectant les volumes contractés. Malgré cela, SQM prévoit une hausse de 10% des volumes vendus issus des opérations du Salar de Atacama par rapport à l’année précédente.
À noter que SQM a annoncé l’achèvement de la raffinerie de Kwinana en Australie via Covalent, sa coentreprise avec Wesfarmers. L’installation a produit ses premiers volumes en juillet et devrait atteindre une capacité de 50 000 tonnes annuelles d’hydroxyde de lithium qualité batterie après une période de montée en puissance de 18 mois.
SQM (NYSE: SQM) hat die Finanzergebnisse für H1 2025 veröffentlicht: der Gesamtumsatz belief sich auf US$2.079,3 Mio., ein Rückgang von 12,6% gegenüber US$2.378,1 Mio. im 1. Halbjahr 2024. Das Unternehmen erzielte einen Nettoertrag von US$226,0 Mio. (US$0,79 je Aktie), nach einem Nettoverlust von US$(655,9) Mio. im Vorjahreszeitraum.
Im Q2 2025 lag der Nettoertrag bei US$88,4 Mio. (US$0,31 je Aktie), ein Rückgang von 58,6% im Jahresvergleich. Das Quartal wurde durch niedrigere Lithiumpreise belastet, was die vertraglich vereinbarten Volumina beeinträchtigte. Trotz der Herausforderungen erwartet SQM ein Umsatzvolumenwachstum von 10% aus den Aktivitäten am Salar de Atacama gegenüber dem Vorjahr.
Bemerkenswert ist, dass SQM die Fertigstellung der Kwinana-Raffinerie in Australien über Covalent, das Joint Venture mit Wesfarmers, bekannt gab. Die Anlage erzielte im Juli die erste Produktion und soll nach einer 18-monatigen Hochlaufphase jährlich 50.000 Tonnen batterietaugliches Lithiumhydroxid produzieren.
- Turned around from net loss to profit of US$226.0 million in H1 2025
- Record-high iodine sales prices
- Strong price environment in SPN and Potassium businesses
- Completion of Kwinana refinery with expected 50,000 tons annual lithium hydroxide production
- Projected 10% growth in Salar de Atacama sales volumes
- Revenue declined 12.6% year-over-year to US$2,079.3 million in H1 2025
- Q2 net income dropped 58.6% year-over-year to US$88.4 million
- Gross profit margin decreased to 26.8% from 31.6% year-over-year
- Lower lithium market prices affecting contracted volumes
- Kwinana refinery requires 18-month ramp-up period before full capacity
Insights
SQM returns to profitability with $226M net income, despite 12.6% revenue decline and lithium price pressures impacting Q2 volumes.
SQM's H1 2025 results reveal a significant turnaround from last year's losses, with the company posting
The second quarter showed even more pronounced challenges, with Q2 2025 net income of
Despite these headwinds, there are several positive indicators. Management projects approximately 10% growth in sales volumes from their Salar de Atacama operations compared to last year, and has increased sales guidance for Australian operations. The company also reports record-high iodine sales prices and a strong price environment in their SPN (sodium potassium nitrate) and potassium segments, suggesting effective diversification across their portfolio.
A significant operational milestone is the completion of the Kwinana refinery in Australia through Covalent, their joint venture with Wesfarmers. First production was achieved in July with expected quality and cost parameters. Once fully ramped up over the next 18 months, this facility is projected to produce 50,000 tons of battery-grade lithium hydroxide annually, positioning SQM to better serve the growing electric vehicle market despite current pricing pressures.
| Highlights | |
| • | SQM reported total revenues for the six months ended June 30, 2025 of US |
| • | Net income for the six months ended June 30, 2025 of US |
| • | Continue to observe record- high iodine sales price. |
| • | Strong price environment in SPN and Potassium businesses. |
| • | Increasing sales volumes for the coming months from the International Lithium Division and completion of the Kwinana refinery. |
| SQM will hold a conference call to discuss these results on Wednesday, August 20, 2025 at 12:00pm EDT (12:00pm Chile time). | |
| Participant Call link: https://register-conf.media-server.com/register/BI096c4f4e6f094d1db8eba9c6ed4a9bbd | |
| Webcast: https://edge.media-server.com/mmc/p/2zir238k | |
SANTIAGO, Chile, Aug. 20, 2025 (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 six months ended June 30, 2025, of US
Gross profit reached US
The Company also announced net income for the second quarter of 2025 of US
SQM’s Chief Executive Officer, Ricardo Ramos, stated, “As anticipated, during the second quarter, we navigated a period of lower lithium market prices than those observed in previous quarters. In this context, some of the contracts we had in place, hit the lower limits set in those contracts, affecting the volumes agreed. As a result, the total volume sold during the second quarter of this year was lower than what was reported in the first quarter of this year, despite the growth seen in the market. With that said, we now expect sales volumes from our Salar de Atacama operations to grow by approximately
He added: “We are also pleased to announce that Covalent, our Joint Venture with Wesfarmers in Australia, has completed construction of the Kwinana refinery in Australia, and achieved first product produced in July at the expected quality and cost. The ramp-up period is expected to take 18 months, and once at full capacity, the Mt. Holland Lithium Project is expected to produce approximately 50,000 tons of battery-grade lithium hydroxide per year, contributing to the growing demand of electric vehicles.”
To see full press release please visit our website: https://ir.sqm.com/
For media inquiries, contact: SQM Lithium Chile Division: Ignacia Lopez / ignacia.lopez@sqm.com SQM International Lithium Division: Diana Wearing Smith / diana.wearingsmith@sqm.com SQM Iodine & Plant Nutrition Division: Carolina Guzman / carolina.guzman@sqm.com
FAQ
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