SQM's Q1 2025 Earnings Miss Amid Lithium Price Drop

Published 2 hours agoSQM

SQM's Q1 2025 Earnings Miss Amid Lithium Price Drop

Sociedad Química y Minera de Chile (SQM), a major player in the lithium industry, reported its first-quarter 2025 financial results with a net profit of $137.5 million, or $0.48 per share. This fell short of analyst expectations of $171.2 million, or $0.63 per share. Revenue for the January–March period came in at $1.04 billion, aligning closely with the projected $1.045 billion, according to Reuters.

The lithium giant cited a global oversupply and a weaker demand for electric vehicles as the reasons behind a sharp 90% decline in lithium prices since their peak in 2022. These factors have played a significant role in the company's underperformance this quarter. Despite this, SQM's ability to meet revenue expectations suggests some resilience in their diversified portfolio, which includes fertilizers and industrial chemicals.

Amid these challenges, SQM is also eyeing future opportunities by forming strategic partnerships to bolster its market presence. The company is currently awaiting regulatory approval on a collaboration with the state-owned Codelco to operate in the lithium-rich Atacama salt flat. This move is part of SQM's broader strategy to remain competitive in a fluctuating market.

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