Company: SQM
Filing Date: 2025-12-15
Form Type: 6-K
Source: 0000909037-25-000048
Chunk: 147

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-12-15
Form: 6-K
Chunk 147
---
 SQM S.A.'s third quarter 2025 financial statements, not all conditions precedent set forth in the Joint Venture Agreement have been fulfilled. This agreement establishes that if the aforementioned conditions precedent are met within the 2025 calendar year, the preferences and economic rights of the series A shares (Codelco) and series B shares (SQM S.A.) of the joint venture will become effective as of January 1, 2025. The economic rights established in the association agreement include the distribution and payment of dividends in accordance with the methodology established therein. See note 1.6, 3.25 and 20.8.

Notes to the Consolidated Interim Financial Statements September 30, 2025 122 Note 20 Disclosures on equity The detail and movements of equity accounts are shown in the consolidated statement of changes in equity. 20.1 Capital management The main object of capital management relative to the administration of the Company’s financial debt and equity is to ensure the regular conduct of operations and business continuity in the long term, with the constant intention of maintaining an adequate level of liquidity and in compliance with the financial safeguards established in the debt contracts in force. Within this framework, decisions are made in order to maximize the value of the company. Capital management must comply with, among others, the limits contemplated in the Financing Policy approved by the Shareholders’ Meeting, which establishes a maximum consolidated indebtedness level of 1 times the debt-to- equity ratio. This limit can be exceeded only if the Company’s management has first obtained express approval at an Extraordinary Shareholders’ Meeting. The Company’s controls over capital management are based on the following ratios: Capital Management As of September 30, 2025 As of December 31, 2024 Description (1) Calculation (1) Net Financial Debt/cash (ThUS$) 2,248,638 2,303,673 Financial Debt – Financial Resources Other current Financial Liabilities + Other Non-Current Financial Liabilities – Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non- current Liquidity 2.82 2.51 Current Assets divided by Current Liabilities Total Current Assets / Total Current Liabilities ROE 9.59% (7.65) % Net income for the year divided by Total Equity Net income for the year / Equity Adjusted EBITDA (ThUS$) 1,071,620 1,483,571 Adjusted EBITDA EBITDA – Other