SQM Reports Significant Revenue Drop and Net Loss for 2024
Ticker: SQM · Form: 6-K · Filed: Mar 5, 2025 · CIK: 909037
Sentiment: bearish
Topics: earnings, financial-results, revenue-decrease, net-loss
TL;DR
SQM's 2024 revenue slashed to $4.5B from $7.5B, posts $404M net loss. Big miss.
AI Summary
Chemical & Mining Co of Chile Inc. (SQM) reported total revenues of US$4,528.8 million for the twelve months ended December 31, 2024, a decrease from US$7,467.5 million in the same period last year. The company incurred a net loss of US$404.4 million, or US$1.42 per share, for the twelve months ended December 31, 2024, compared to a net income in the prior year. This filing was made on March 5, 2025.
Why It Matters
This report indicates a substantial downturn in SQM's financial performance in 2024, which could impact investor confidence and the company's future investment plans.
Risk Assessment
Risk Level: medium — The significant decrease in revenue and the shift from net income to net loss suggest potential financial instability or market challenges.
Key Numbers
- US$4,528.8M — 2024 Total Revenues (Significant decrease from the prior year's $7,467.5M.)
- (US$404.4M) — 2024 Net Loss (Shift from net income in the prior year.)
- (US$1.42) — 2024 Loss Per Share (Reflects the net loss for the period.)
Key Players & Entities
- CHEMICAL & MINING CO OF CHILE INC (company) — Filer
- SQM (company) — Company abbreviation
- US$4,528.8 million (dollar_amount) — Total revenues for twelve months ended December 31, 2024
- US$7,467.5 million (dollar_amount) — Total revenues for the same period last year
- US$404.4 million (dollar_amount) — Net loss for the twelve months ended December 31, 2024
- US$1.42 (dollar_amount) — Loss per share for the twelve months ended December 31, 2024
- December 31, 2024 (date) — Reporting period end date
- March 5, 2025 (date) — Filing date
FAQ
What were SQM's total revenues for the twelve months ended December 31, 2024?
SQM reported total revenues of US$4,528.8 million for the twelve months ended December 31, 2024.
What was SQM's net result for the twelve months ended December 31, 2024?
SQM reported a net loss of US$404.4 million for the twelve months ended December 31, 2024.
How does the 2024 revenue compare to the previous year?
Total revenues for the twelve months ended December 31, 2024, were US$4,528.8 million, compared to US$7,467.5 million for the same period last year.
What was the loss per share for the twelve months ended December 31, 2024?
The loss per share for the twelve months ended December 31, 2024, was US$1.42.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed on March 5, 2025.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 5, 2025 regarding CHEMICAL & MINING CO OF CHILE INC (SQM).