Company: SQM
Filing Date: 2025-08-25
Form Type: 6-K
Source: 0000909037-25-000032
Chunk: 5

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-08-25
Form: 6-K
Chunk 5
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     |        |     |   7.8 |     |           |     | -0.5 |     | (6)% |
| Iodine and Derivatives Revenues |     | MUS$   |     |        |     | 526.3 |     |        |     | 509.3 |     |           |     | 17.0 |     | 3%   |

|                                 |     |        |     | 2Q2025 |     |       |     | 2Q2024 |     |       |     | 2025/2024 |     |      |     |      |
| Iodine and Derivatives          |     | Th. MT |     |        |     |   3.8 |     |        |     |   4.1 |     |           |     | -0.3 |     | (8)% |
| Iodine and Derivatives Revenues |     | MUS$   |     |        |     | 271.3 |     |        |     | 269.2 |     |           |     |  2.1 |     | 1%   |

In the second quarter of 2025, iodine and its derivatives continued to deliver positive results, with prices increasing more than 9% year-on-year and remaining stable compared to the previous quarter. The average sales price during the quarter reached US$71.5 per kilogram, supported by tight market conditions and strong demand for X-ray contrast media applications. We expect market prices to continue increasing, as the industry awaits new supply that has not yet entered the market. Despite robust demand from the X-ray contrast media segment, we anticipate iodine demand growth to be less than 1% compared to 2024. For 2026, however, we foresee stronger demand growth, driven not only by X-ray contrast media but also by other applications such as LED/LCD screens and nylon. We reaffirm our sales guidance for 2025 at levels similar to those observed in 2024 and continue to make every effort to bring additional production as soon as the seawater pipeline is ready, during the second half of 2026. Gross profit (2) for the Iodine and Derivatives segment accounted for 50.8% of SQM’s consolidated gross profit for the six months ended June 30, 2025. Adjusted gross margin (3) for the the I