Company: SQM
Filing Date: 2025-11-19
Form Type: 6-K
Source: 0000909037-25-000042
Chunk: 1

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-11-19
Form: 6-K
Chunk 1
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 a loss of US$(524.5) million or US$(1.84) per share reported for the same period last year. Gross profit (1) reached US$904.1 million (27.8% of revenues) for the nine months ended September 30, 2025, lower than US$1,033.3 million (29.9% of revenues) recorded for the nine months ended September 30, 2024. Revenues totaled US$3,252.4 million for the nine months ended September 30, 2025, representing a decrease of 5.9% compared to US$3,455.0 million reported for the nine months ended September 30, 2024. The Company also announced net income for the third quarter of 2025 of US$178.4 million or US$0.62 per share, an increase of 35.8% compared to US$131.4 million or US$0.46 per share for the third quarter of 2024. Gross profit for the third quarter of 2025 reached US$345.8 million, 23.1% higher than the US$280.8 million reported for the third quarter of 2024. Revenues totaled US$1,173.0 million for the third quarter of 2025, an increase of 8.9% compared to US$1,076.9 million for the third quarter of 2024. SQM’s Chief Executive Officer, Ricardo Ramos, stated, “As anticipated, during the third quarter we observed an improved pricing environment in lithium compared to the previous quarter. Although the lithium market has shown to be volatile, we are optimistic, as our realized average prices increased for the first time after two years 1 , and we expect this upward trend to continue through the fourth quarter supported by strong demand for lithium, not only from electric vehicles (EV) but also from energy storage systems (ESS).” He added: “During the quarter, we achieved the highest lithium sales volumes in SQM’s history, while maintaining low costs and strong operating efficiency at our Atacama operations. At the same time, the ramp-up of our Australian operations is progressing smoothly and according to plan. As expected, sales of spodumene produced in Australia increased significantly, and we also began lithium hydroxide production in the country. We reached record sales volumes of spodumene concentrate, marking a milestone in the project’s short history.” Mr. Ramos continued