Company: SQM
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0000909037-25-000036
Chunk: 84

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-09-30
Form: 6-K
Chunk 84
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$ 467,691 and as of December 31, 2024 was ThUS$ 462,451 (including products in progress), As of June 30, 2025, bulk inventories recognized within work in progress were ThUS$ 159,989, while as of December 31, 2024 this value amounted to ThUS$ 249,105. As of June 30, 2025, bulk inventories recognized as part of finished products amounted to ThUS$ 242,570, while as of December 31, 2024, this balance was ThUS$ 138,625. Current inventory provisions recognized at June 30, 2025 amount to ThUS$136,778 and ThUS$114,632 at December 31, 2024. For finished goods and work in progress, the provisions recorded include those associated with the lower value of the inventory (considering lower realizable value, uncertain future use, reprocessing costs for products outside specification, etc.), which differs from inventories and potential errors in inventory determination (e.g., errors of topography, grade, humidity, etc.). (See Note 3.15) For raw materials, supplies, materials and parts, the lower value provision was associated with the proportion of defective materials and potential differences. The breakdown of inventory allowances is detailed as follows: Type of inventory As of June 30, 2025 As of December 31, 2024 ThUS$ ThUS$ Raw material and supplies for production 18,168 5,082 Products in progress 74,728 75,100 Finished product 43,882 34,450 Total 136,778 114,632 The Company has not pledged inventory as collateral for the periods indicated above. Notes to the Consolidated Interim Financial Statements June 30, 2025 69 As of June 30, 2025, and December 31, 2024, movements in provisions are detailed as follows: Reconciliation As of June 30, 2025 As of December 31, 2024 ThUS$ ThUS$ Beginning balance 114,632 133,768 Increase (decrease) in carrying amount 10,539 (14,517) Additional provision for differences in inventories - 171 Reclassifications provision fixed assets to inventory of materials and supplies 13,117 - Provision used (1,510) (4,790) Total changes 22,146 (19,136) Final