Company: SQM
Filing Date: 2025-12-15
Form Type: 6-K
Source: 0000909037-25-000048
Chunk: 58

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-12-15
Form: 6-K
Chunk 58
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 the Company’s statement income. By the third quarter of 2025, approximately US$ 723 million accumulated in expenses are associated with the Peso. As of September 30, 2025, the Company held derivative instruments classified as hedges of foreign exchange risks associated with 100% of all the bond obligations denominated in UF, for a net liability fair value of US$ 8.16 million. This air is explained primarily by the USD/CLP exchange rate observed at the end of the period. As of December 31, 2024, this value corresponds to a net liability amounting US$ 25.83 million. Furthermore, as of September 30, 2025, the Company held derivative instruments classified as hedges of foreign exchange risks associated with 100% of all nominative time deposits in UF and in pesos, at a net liability fair value of US 4.13 million. As of December 31, 2024, a net liability fair value was recognized for an amount of US$15.40 million of net asset. To ensure the difference between its assets and liabilities, the Company held the following derivative contracts as of September 30, 2025 (as the absolute value of the sum of their notional amounts): US$ 122.60 million in Chilean peso/dollar derivative contracts, US$ 45.18 million in euro/dollar derivative contracts, US$ 23.53 million in South African rand/dollar derivative contracts, US$ 365.91 million in Chinese renminbi/dollar derivative contracts, US$ 48.12 million in Australian dollar/dollar derivative contracts and US$ 6.94 million in other currencies. Notes to the Consolidated Interim Financial Statements September 30, 2025 45 These derivative contracts are held with domestic and foreign banks, which have the following credit ratings as of September 30, 2025: Financial institution Financial assets Rating Moody´s S&P Fitch MUFG Derivative P-1 - F1 Merrill Lynch International Derivative P-1 A-2 F1+ JP Morgan Derivative P-1 A-1 F1+ Morgan Stanley Derivative P-1 A-2 F1 The Bank of Nova Scotia Derivative P-1 A-1 F1+ Banco Itaú Corpbanca Derivative P-1 A-2 - Banco de Chile Derivative P-1 A-1 - Barclays Derivative P-2 A-2 F1 HSBC Derivative