Company: SQM
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0000909037-25-000036
Chunk: 138

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-09-30
Form: 6-K
Chunk 138
---
) In Exploitation: Caliche exploration disbursements that are found in this area are amortized based on the material exploited, the portion that is expected to be exploited in the following 12 months is presented as current assets in the “Inventories in process” and the remaining portion is classified as “Other Non-current Non-Financial Assets”.

Notes to the Consolidated Interim Financial Statements June 30, 2025 111 Short-term exploitation reconciliation As of June 30, 2025 As of December 31, 2024 ThUS$ ThUS$ Opening balance 848 651 Amortization of ground studies - - Reclassifications from/to short term (inventories) (473) 197 Total changes (473) 197 Total 375 848 Long-term exploitation reconciliation As of June 30, 2025 As of December 31, 2024 ThUS$ ThUS$ Opening balance 5,684 6,614 Amortization of ground studies (369) (733) Reclassifications from/to short term (inventories) 602 (197) Reclassifications from /to construction in progress (4,068) - Total changes (3,835) (930) Total 1,849 5,684 Notes to the Consolidated Interim Financial Statements June 30, 2025 112 Note 18 Employee benefits 18.1 Provisions for employee benefits Classes of benefits and expenses by employee As of June 30, 2025 As of December 31, 2024 ThUS$ ThUS$ Current Performance bonds and operational targets 42,751 31,546 Total 42,751 31,546 Non-current Profit sharing and bonuses 736 26,970 Severance indemnity payments 38,794 38,637 Total 39,530 65,607 18.2 Policies on defined benefit plan This policy is applied to all benefits received for services provided by the Company's employees. This is divided as follows: a) Short-term benefits for active employees are represented by salaries, social welfare benefits, paid time off, sickness and other types of leave, profit sharing and incentives and non-monetary benefits; e.g., healthcare service, housing, subsidized or free goods or services. These will be paid in a term which does not exceed twelve months. The Company maintains incentive programs for its employees, which are calculated based on the net result at the close of each period by applying a factor obtained from an evaluation