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

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-08-25
Form: 6-K
Chunk 6
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20.5 |     |           |     | -1.3 |     | (7)% |

In the second quarter of 2025, sales volumes were 6% lower compared to the same period of last year. However, we expect volumes to remain relatively flat quarter over quarter, supported by a stable market environment and steady pricing levels. Gross profit (2) for the Industrial Chemicals segment accounted for 2.6% of SQM’s consolidated gross profit for the six months ended June 30, 2025. Adjusted gross margin (3) for the Industrial Chemicals segment for the second quarter 2025 was 39%. Other Commodity Fertilizers & Other Income Revenues from sales of other commodity fertilizers and other income reached US$11.4 million for the six months ended June 30, 2025, an increase compared to US$9.5 million for the six months ended June 30, 2024, due to positive market demand of the fertilizer industry market. Financial Information Cost of Sales Cost of sales amounted to US$1,521.0 million for the six months ended June 30, 2025, a decrease of 6.4% compared to US$1,625.7 million for the same period in 2024. During the second quarter of this year the company concluded bargaining negotiations with its unions, reaching a 3-year agreement that had a one-time impact on the cost of sales of approximately US$50 million. Administrative Expenses Administrative expenses totaled US$91.0 million (4.4% of revenues) for the six months ended June 30, 2025, compared to US$83.7 million (3.5% of revenues) for the six months ended June 30, 2024.

| SQM S.A. 2Q2025 Earnings release |     | 5 |

Financial Indicators Net Financial Expenses Net financial expenses for the six months ended June 30, 2025 totaled US$58.6 million, compared to net financial expenses of US$52.7 million for the six months ended June 30, 2024. Income Tax Expense Income tax expense for the six months ended June 30, 2025, totaled US$131.0 million, compared to US$1,241.2 million for the same period in 2024. The higher figure in 2024 reflects a one-time accounting adjustment related to the treatment of the specific mining tax, following a decision