Sociedad Química y Minera de Chile S.A. reported total revenues of US$4,228.5 million for the six months ended June 30, 2026, more than doubling the US$2,079.3 million recorded during the corresponding period last year.

Net income for the first half of 2026 reached US$1,024.7 million, or US$3.59 per share, marking a 353.5% increase compared to US$225.9 million, or US$0.79 per share, for the first six months of 2025. Gross profit for the period climbed to US$2,038.6 million, representing 48.2% of revenues, up from US$555.2 million, or 26.7% of revenues, in the previous year.

For the second quarter of 2026, SQM posted net income of US$660.0 million, or US$2.31 per share, compared to US$88.4 million, or US$0.31 per share, for the second quarter of 2025. Revenues for the three months totalled US$2,468.4 million, while gross profit reached US$1,260.0 million.

During the first half of 2026, SQM and its subsidiaries accrued over US$1.6 billion in payments to the Chilean State, including corporate income taxes, mining taxes, lease payments under Corfo contracts, local government payments, and dividends accrued for Codelco.

SQM conducts its lithium operations in Chile through Nova Andino Litio, a joint company formed between SQM and Codelco. The joint venture in the Salar de Atacama remains subject to a pending Supreme Court decision regarding an appeal challenging regulatory approvals.

“In lithium, we achieved record quarterly sales volumes of over 84 thousand metric tons of Lithium Carbonate Equivalent (LCE) from our lithium operations in Chile through Nova Andino Litio ii and in Australia through Covalent Lithium iii . As anticipated in our previous earnings report, prices increased during the second quarter, supported by stronger-than-expected market demand. We now expect global lithium demand to be over 2.1 million metric tons in 2026, further strengthening our confidence in the long-term fundamentals of the market.”

— Ricardo Ramos, Chief Executive Officer

Read the full announcement: SQM Reports Earnings for the Six Months Ended June 30, 2026