Company: SQM
Filing Date: 2025-03-05
Form Type: 6-K
Source: 0000909037-25-000007
Chunk: 5

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-03-05
Form: 6-K
Chunk 5
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 Belarus and Russia. Our potassium sales exceeded expectations due to higher-than-anticipated potassium sulfate sales from third parties. For 2025, we anticipate a significant reduction of approximately 50% in our potassium sales volumes due to lower production in the Salar de Atacama. This aligns with our plan to reduce brine extraction, prioritizing high-lithium-content brines. Additionally, by prioritizing potassium chloride production as a feedstock to increase potassium nitrate production in our SPN business line, there will be less potassium available for third-party sales, which will become a lower priority. Gross profit (3) for Potassium segment accounted for 2.6% of SQM’s consolidated gross profit for the twelve months ended December 31, 2024. Industrial Chemicals Industrial chemicals revenues for the twelve months ended December 31, 2024 reached US$78.2 million, 55.4% lower than US$175.2 million recorded for the twelve months ended December 31, 2023. Industrial chemicals revenues for the fourth quarter of 2024 reached US$17.2 million, 8.6% lower than US$18.8 million recorded for the fourth quarter of 2023.

| SQM S.A. 4Q2024 Earnings release |     | 4 |

Industrial Chemicals Sales Volumes and Revenues:

|                               |     |        |     | 12M2024 |     |      |     | 12M2023 |     |       |     | 2024/2023 |     |        |     |       |
| Industrial Nitrates           |     | Th. MT |     |         |     | 52.6 |     |         |     | 180.4 |     |           |     | -127.9 |     | (71)% |
| Industrial Chemicals Revenues |     | MUS$   |     |         |     | 78.2 |     |         |     | 175.2 |     |           |     |  -97.1 |     | (55)% |

|                               |     |        |     | 4Q2024 |     |      |     | 4Q2023 |     |      |     | 2024/2023 |     |      |     |      |
| Industrial Nitrates           |     | Th. MT |     |        |     | 11.5 |     |        |