Company: SQM
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000909037-25-000020
Chunk: 145

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-24
Form: 20-F
Item: Item 5
Chunk 145
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.6% from US$783/MT in 2023
Gross Profit
Gross profit decreased 56.8% to US$1,327.1 million in 2024, which represented 29.3% of revenues, from US$3,075.1 million in 2023, which represented 41.2% of revenues. As discussed above, this decrease is attributable to the decrease in revenues as a result of lower prices of lithium and derivatives, specialty plant nutrients, industrial chemicals and potassium, offset by higher sales volumes of lithium and derivatives, iodine and derivatives, industrial chemicals and potassium.
Other Income
Other income decreased 20.7% to US$32.2 million in 2024, which represented 0.7% of revenues, from US$40.6 million in 2023, which represented 0.5% of revenues.
Administrative Expenses
Administrative expenses totaled US$186.0 million (4.1% of revenues) for the twelve months ended December 31, 2024, compared to US$175.8 million (2.4% of revenues) for the twelve months ended December 31, 2023.
Other Expenses
Other expenses increased 12.1% to US$104.7 million in 2024, which represented 2.3% of revenues, from US$93.4 million in 2023, which represented 1.3% of revenues.
Other Gains (Losses)
Other losses were US$2.1 million in 2024, compared to losses of US$2.3 million in 2023.
Finance Income
Finance income decreased 15.6% to US$103.6 million in 2024, which represented 2.3% of revenues, from US$122.7 million in 2023, which represented 1.6% of revenues, due to higher interest rates earned on our investments and more cash available to invest.
Finance Costs
Financial costs for the twelve months ended December 31, 2024 totaled US$197.5 million, compared to financial costs of US$138.4 million for the twelve months ended December 31, 2023.
Share of Profit of Associates and Joint Ventures accounted for using the Equity Method
Share of profit of associates and joint ventures accounted for using the equity method increased 1,859.2% to US$11 million in 2024, which represented 0.24%