Company: SQM
Filing Date: 2025-08-25
Form Type: 6-K
Source: 0000909037-25-000032
Chunk: 7

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-08-25
Form: 6-K
Chunk 7
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 by the Company’s Board to align with the methodology applied by the Chilean Internal Revenue Service (“SII”). For more information on income tax expense, please refer to Note 26, section (g) of our Consolidated Interim Financial Statements for the period ended June 30, 2025. Additional context on tax claims and treatments can be found in Note 21.3. Adjusted EBITDA (4) Adjusted EBITDA for the six months ended June 30, 2025, reached US$667.5 million (Adjusted EBITDA margin of 32.1%), compared to US$830.1 million (Adjusted EBITDA margin of 34.9%) for the six months ended June 30, 2024. Adjusted EBITDA for the second quarter of 2025 was US$307.9 million (Adjusted EBITDA margin of 29.5%%), compared to US$426.6 million (Adjusted EBITDA margin of 33.0%%) for the second quarter of 2024. Notes: (2) A significant portion of SQM’s cost of sales are costs related to common productive processes (mining, crushing, leaching, etc.) which are distributed among the different final products. To estimate gross profit by business line in both periods covered by this release, the Company employed similar criteria on the allocation of common costs to the different business areas. This gross profit distribution should be used only as a general and approximated reference of the margins by business line. (3) The Adjusted Gross Margin for each business segment is calculated using the Adjusted Gross Profit. The Adjusted Gross Profit for the second quarter 2025 is $303 million. This is calculated after adding the one-time effect of $50 million (mentioned in the Cost of Sales section) to the Gross Profit. (4) Adjusted EBITDA = EBITDA – Other income – Other gains (losses) - Share of Profit of associates and joint ventures accounted for using the equity method + Other expenses by function + Net impairment gains on reversal (losses) of financial assets – Finance income – Currency differences. EBITDA = Profit for the Period + Depreciation and Amortization Expenses + Finance Costs + Income Tax. Adjusted EBITDA margin = Adjusted EBITDA/revenues. We have included adjusted EBITDA to provide investors with a supplemental measure of our operating performance. We believe adjusted EBITDA is important supplemental measure of operating