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

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-03-05
Form: 6-K
Chunk 6
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 | 12.4 |     |           |     | -0.9 |     | (7)% |
| Industrial Chemicals Revenues |     | MUS$   |     |        |     | 17.2 |     |        |     | 18.8 |     |           |     | -1.6 |     | (9)% |

Industrial chemicals revenues during the fourth quarter of 2024 were lower compared to revenues reported for the same period last year, as a result of significantly lower sales volumes which werent enough to compensate higher prices. For 2025, we expect sales volumes to be relatively flat compared to 2024 with market prices relatively stable at current levels. Gross profit (3) for the Industrial Chemicals segment accounted for 2.3% of SQM’s consolidated gross profit for the twelve months ended December 31, 2024. Other Commodity Fertilizers & Other Income Revenues from sales of other commodity fertilizers and other income reached US$28.3 million for the twelve months ended December 31, 2024, an increase compared to US$27.0 million for the twelve months ended December 31, 2023, due to increased commercial activity driven by the recovery of the fertilizer industry market. Financial Information Cost of Sales Cost of sales amounted to US$3,201.7 million for the twelve months ended December 31, 2024, a decrease of 27.1% compared to US$4,392.4 million for the same period in 2023, mainly due to lower payments to Corfo related to lower lithium price. 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. Financial Indicators Net Financial Expenses Net financial expenses for the twelve months ended December 31, 2024 totaled US$93.9 million, compared to net financial expenses of US$15.7 million for the twelve months ended December 31, 2023. Income Tax Expense For the twelve months ended December 31, 2024, the income tax expense, including the net effect of the payments of the specific tax on mining activities in Chile applied to the exploitation of lithium in the total amount of US$1,106.2 million (see Note (1) below),