Company: SQM
Filing Date: 2025-06-02
Form Type: 6-K
Source: 0000909037-25-000026
Chunk: 5

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-06-02
Form: 6-K
Chunk 5
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0 |     |        |     | 14.5 |     |           |     | -1.5 |     | (10)% |
| Industrial Chemicals Revenues |     | MUS$   |     |        |     | 18.8 |     |        |     | 21.8 |     |           |     | -3.0 |     | (14)% |

During the first quarter of 2025, sales volumes were lower compared to the same period in the previous 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 three months ended March 31, 2025. Other Commodity Fertilizers & Other Income Revenues from sales of other commodity fertilizers and other income reached US$5.2 million for the three months ended March 31, 2025, an increase compared to US$3.8 million for the three months ended March 31, 2024, due to positive market demand of the fertilizer industry market. Financial Information Cost of Sales Cost of sales amounted to US$731.9 million for the three months ended March 31, 2025, an increase of 2.2% compared to US$716.0 million for the same period in 2024. Administrative Expenses Administrative expenses totaled US$43.4 million (4.2% of revenues) for the three months ended March 31, 2025, compared to US$38.3 million (3.5% of revenues) for the three months ended March 31, 2024. Financial Indicators Net Financial Expenses Net financial expenses for the three months ended March 31, 2025 totaled US$34.3 million, compared to net financial expenses of US$20.5 million for the three months ended March 31, 2024. Income Tax Expense Income tax expense for the three months ended March 31, 2025, totaled US$73.4 million, compared to US$1,168.8 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 by the Company’s Board to align with the methodology applied by the Chilean Internal Revenue Service (“SII”). As of March 31,