Earnings ·
SQM reports $1,024.7 million net income for H1 2026, up 353.5% year-over-year
SQMChemical & Mining Co of Chile Inc
Sociedad Química y Minera de Chile S.A. reported net income of US$1,024.7 million (US$3.59 per share) for the six months ended June 30, 2026, a 353.5% increase from US$225.9 million in the prior year period. Total revenues reached US$4,228.5 million, up 103.4% year-over-year, driven by record lithium sales volumes exceeding 84 thousand metric tons of Lithium Carbonate Equivalent (LCE) and strong iodine pricing. The company also announced a US$3 billion capital investment for the Salar Futuro project and an expansion of its Mt. Holland mine in Australia. SQM operates in the chemical and mining industry, producing lithium, iodine, potassium nitrate, and specialty plant nutrients.