Company: SQM
Filing Date: 2025-03-05
Form Type: 6-K
Source: 0000909037-25-000007
Chunk: 1

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-03-05
Form: 6-K
Chunk 1
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: SQM-B, SQM-A) reported today net loss (1),(2) for the twelve months ended December 31, 2024, of (US$404.4) million or (US$1.42) per share, compared to US$2,012.7 million or US$7.05 per share reported for the same period last year. Gross profit (3) reached US$1,327.1 million (29.3% of revenues) for the twelve months ended December 31, 2024, lower than US$3,075.1 million (41.2% of revenues) recorded for the twelve months ended December 31, 2023. Revenues totaled US$4,528.8 million for the twelve months ended December 31, 2024, representing a decrease of 39.4% compared to US$7,467.5 million reported for the twelve months ended December 31, 2023. The Company also announced net income for the fourth quarter of 2024 of US$120.1 million or US$0.42 per share, a decrease of 40.9% compared to US$203.2 million or US$0.71 per share for the fourth quarter of 2023. Gross profit for the fourth quarter of 2024 reached US$293.8 million, 26.7% lower than the US$400.7 million reported for the fourth quarter of 2023, but higher than the third quarter of 2024 when we posted US$280.8 million. Revenues totaled US$1,073.8 million for the fourth quarter of 2024, a decrease of 18.1% compared to US$1,311.6 million for the fourth quarter of 2023. SQM’s Chief Executive Officer, Ricardo Ramos, stated, “We closed the year with double-digit volume growth in almost all of our business lines when comparing full year 2024 versus 2023. In the lithium and iodine businesses, we posted unprecedented sales volumes, the highest in the company’s history”. He continued: “We are very positive on the iodine business because of the stable growth we have seen in the most relevant applications, mainly in X-Ray contrast media, as well as our ability to keep on growing our production capacity. We are also satisfied with the performance of the fertilizer business lines which both showed stable prices by the end of the year, along with strong sales volumes