Sociedad Quimica y Minera SEC Filings

Sociedad Química y Minera de Chile S.A. (SQM) is providing unaudited consolidated interim financial statements for the nine months ended September 30, 2025 as an exhibit to this report. These interim figures are prepared on the same basis as the audited consolidated financial statements included in the company’s Annual Report on Form 20-F for the year ended December 31, 2024.

The interim statements differ from the Spanish-language interim financial statements filed in Chile mainly in how income tax expense related to the specific tax on mining activity in Chile is recognized. In Chile, this tax expense had been applied to 2024 interim periods, while in the Form 20-F financial statements it had been recognized in the 2023 fiscal year.

Sociedad Química y Minera de Chile (SQM) reports strong interim results for the nine months ended September 30, 2025, moving to net income of $407.8M from a loss of $520.2M a year earlier. Basic earnings per share were $1.4157, supported by much lower income tax expense of $216.6M versus $1.30B in 2024.

Revenue for the first nine months reached $3.25B, slightly below $3.46B last year, while gross profit was $904.1M. In the third quarter, revenue rose to $1.17B and net income to $180.0M, lifting quarterly EPS to $0.6246. Cash generated from operating activities was $756.1M, and cash and cash equivalents totaled $1.49B against total assets of $11.73B and equity of $5.53B.

The company continued to invest in lithium growth, completing a $125.7M acquisition of Sichuan Dixin’s lithium hydroxide plant with 20,000-ton annual capacity. SQM also highlights a joint venture agreement with Codelco over the Salar de Atacama that, once conditions are satisfied, will grant Codelco a share of adjusted net income linked to 33,500 tons of lithium carbonate equivalent, recorded as non-controlling interest.

Sociedad Química y Minera de Chile (SQM) completed the placement of its local Series S hybrid bonds in the Chilean general securities market, issuing UF 10,000,000 (approximately US$430 million) as part of a 35-year bond program registered with the CMF under No. 1239.

The Series S Bonds mature on February 15, 2058, carry a fixed annual interest rate of 4% on principal expressed in UF starting November 15, 2025, and were placed at an effective rate of 3.84%, including a 1.52% spread over a Central Bank of Chile UF-denominated bond of equivalent term. SQM plans to use the proceeds for general corporate purposes and to refinance existing debt.

Sociedad Química y Minera de Chile (SQM) has issued Series S local hybrid bonds in Chile for a total of 10,000,000 UF, described as approximately US$430 million. These bonds are part of a 35-year bond program registered with the Chilean Commission for the Financial Market.

The Series S Bonds mature on February 15, 2058 and carry a fixed annual interest rate of 4% on principal expressed in UF, starting November 15, 2025. The effective placement rate was 3.84%, which reflects a 1.52% spread over a UF-denominated Central Bank of Chile bond of equivalent term.

SQM states that the proceeds from this issuance will be used for general corporate purposes and to refinance existing debt, which means the funds can both support ongoing operations and replace older borrowing.

Sociedad Química y Minera de Chile (SQM) reported net income of US$404.4 million (US$1.42 per share) for the nine months ended September 30, 2025, reversing a net loss of US$(524.5) million (US$(1.84) per share) a year earlier. Revenues for the period were US$3,252.4 million, down 5.9% year-on-year, while gross profit declined to US$904.1 million, or 27.8% of revenues.

In the third quarter, net income rose 35.8% to US$178.4 million, with revenues up 8.9% to US$1,173.0 million and gross profit up 23.1% to US$345.8 million. Lithium and derivatives drove results, with Q3 segment revenues up 21.4% to US$603.7 million on record sales volumes and a modest price recovery from Salar de Atacama operations.

Iodine and derivatives posted higher revenues supported by strong prices, and specialty plant nutrition delivered modest volume and revenue growth. Potassium revenues fell sharply as SQM deliberately reduced potash output to favor lithium in the Salar de Atacama. The company updated its 2025–2027 capex plan to US$2.7 billion and highlighted Chinese antitrust approval for its Atacama partnership with Codelco.

Sociedad Química y Minera de Chile (SQM) announced that China’s State Administration for Market Regulation (SAMR) approved the public‑private partnership between SQM and Codelco to develop extractive, productive, and commercial activities related to CORFO’s mining properties in the Salar de Atacama.

SAMR’s approval is conditioned on commitments covering: (i) safeguards against exchanging sensitive information with other lithium market participants; (ii) corporate governance practices; and (iii) supplying minimum quantities of finished lithium carbonate to Chinese customers on FRAND terms at prices that cannot exceed those set under the commitment. SQM stated these commitments are consistent with its established practices in China and estimates that, had they applied from 2023 to now, its results would not have changed substantially. An English translation of SAMR’s approval decision and the commitment will be made available to shareholders.

Sociedad Quedmica y Minera de Chile S.A. (SQM) presents consolidated interim financial statements for the six months ended June 30, 2025 and comparative periods. Total assets were ThUS$11,524,036 with total equity of ThUS$5,393,685 and total liabilities of ThUS$6,130,351. For JanuarytoJune 2025 revenue was ThUS$2,079,307 and gross profit ThUS$558,264. SQM reported net income of ThUS$227,720 for the period, a reversal from a net loss of ThUS$653,860 in the prior-year period, driven after income tax expense of ThUS$130,958 in 2025 versus a large tax expense in 2024. Cash and cash equivalents were ThUS$1,565,586 at June 30, 2025 and current inventories were ThUS$1,851,147. The Joint Venture Agreement with Codelco is disclosed but not effective as of the reporting date and, if conditions are met in 2025, would reclassify certain amounts to non-controlling interests and create a dividend payable to Codelco calculated by an agreed methodology.

Sociedad Quimica y Minera de Chile S.A. (SQM) reports select metrics for mid-2025. The company indicated it files annual reports on Form 20-F and provided an address for its principal executive office in Santiago, Chile. The Lithium and Derivatives segment reported an adjusted gross margin of 21% for Q2 2025. In Specialty Plant Nutrition (SPN), revenue for the six months ended June 30, 2025 was US$472.6 million, slightly above US$468.2 million for the same period in 2024. SPN revenue for Q2 2025 was US$260.3 million, essentially flat versus US$260.5 million in Q2 2024.