CHEMICAL & MINING CO OF CHILE INC (SQM) SEC Filings

CHEMICAL & MINING CO OF CHILE INC (SQM) reported very strong results for the six months ended June 30, 2026. Revenues were US$4,228.5 million, up 103.4% from US$2,079.3 million a year earlier, while net income rose to US$1,024.7 million (US$3.59 per share), a 353.5% increase.

Gross profit reached US$2,038.6 million, or 48.2% of revenues, versus 26.7% in the prior-year period. In the second quarter, revenues were US$2,468.4 million and net income US$660.0 million (US$2.31 per share), up 646.4% year over year. Lithium and derivatives drove growth, with segment revenues of US$2,964.8 million for the half-year, up 212.7%, and record quarterly lithium sales volumes above 84 thousand metric tons of Lithium Carbonate Equivalent.

SQM and its subsidiaries accrued over US$1.6 billion in payments to the Chilean State in the first half. The company outlined the Salar Futuro project, with an estimated US$3 billion in capital investment over roughly seven years after approvals, and plans US$3 billion in capex between 2026 and 2028, focused mainly on Novandino and lithium, alongside record performance in iodine and strong Specialty Plant Nutrition results.

Sociedad Química y Minera de Chile (SQM), together with partner Wesfarmers, has approved the final investment decision to expand the Mt Holland lithium project, adding mine, concentrator and integrated ore-sorting capacity. The plan will double nameplate spodumene concentrate production from approximately 380,000 tonnes per year to 760,000 tonnes of lithium concentrate at 5.5% Li₂O per year on a 100 per cent basis.

Construction of a second concentrator is expected to begin in the second half of 2027, with first spodumene concentrate volumes from the expansion expected in the first half of 2030. SQM’s share of capital expenditure is estimated between US$450 million and US$500 million in nominal terms. Required government and regulatory approvals have either been secured or are underway.

Sociedad Química y Minera de Chile (SQM) reports a change in its board leadership. As of May 26, 2026, Mr. Gonzalo Guerrero Yamamoto resigned from his role as Vice Chairman of the Board of Directors. At an ordinary board meeting held the same day, the board appointed Mr. Hernán Büchi Buc as the new Vice Chairman. SQM notes that it remains a global producer of lithium, iodine and potassium nitrate, serving industries such as health, nutrition, renewable energy and technology.

Sociedad Química y Minera de Chile (SQM) reported a very strong first quarter of 2026, driven mainly by lithium. Revenues reached US$1,760.1 million, up 69.8% year-on-year, while net income rose to US$364.7 million or US$1.28 per share, a 165.2% increase.

Gross profit more than doubled to US$778.6 million, and adjusted EBITDA reached US$837.0 million with a 47.6% margin. Lithium and derivatives revenues grew 135.7% to US$1,185.5 million, with sales volumes of about 69 thousand metric tons of lithium carbonate equivalent as the company operated at full capacity.

SQM raised its 2026 lithium sales volume guidance to roughly 15% growth and increased guidance for specialty plant nutrition volumes by at least 10%. Iodine also posted higher volumes and prices, while potassium volumes and revenues declined as brines were prioritized for lithium production.

Sociedad Química y Minera de Chile (SQM) files its annual report describing a lithium- and fertilizer-focused business that is heavily concentrated in Chile. Production centers are mainly in the Salar de Atacama and caliche deposits in northern Chile, with exports representing 96.5% of 2025 net revenues.

The company highlights strong dependence on the Salar de Atacama, where products generated 50.1% of 2025 consolidated revenues, and explains the new Nova Andino Litio joint venture with state-owned Codelco. SQM controls the venture through 2030, but Codelco will control operations from 2031 to 2060, and a new environmental permit will be required to keep producing after 2030.

The filing details sharp lithium price volatility, with average prices from the Salar de Atacama falling from US$30,467 per metric ton in 2023 to US$9,174 in 2025, as well as a US$2.7 billion capital expenditure plan for 2025–2027 to expand lithium, iodine and nitrate capacity in Chile and Australia. Extensive risk factors cover regulatory change in Chile, joint venture governance, climate and water constraints, ESG expectations, cyber and operational safety, currency swings and ownership concentration, including large stakes held by the Pampa Group and Tianqi.

Sociedad Química y Minera de Chile S.A. (SQM), a foreign private issuer, submitted a Form 6-K for April 2026. The company filed Technical Report Summaries for its Salar de Atacama operations, along with formal consents from its Qualified Persons.

The Technical Report Summary dated April 13, 2026 and the related consents are attached as Exhibits 96.1, 23.1, and 23.2 to this report and are incorporated by reference into SQM’s U.S. disclosure record.

Sociedad Química y Minera de Chile S.A. (SQM) filed a Form 6-K as a foreign private issuer, noting it reports under Form 20-F. The company submitted updated Technical Report Summaries for its Nueva Victoria, Pampa Blanca, and Maria Elena properties, which are attached as Exhibits 96.2, 96.3, and 96.6.

The filing also includes multiple expert consents from Marco Fazzi of SQM and Jesus Casas de Prada of Extractive Metallurgy Process Consulting SpA, each tied to specific property technical report summaries. The report is signed on behalf of Chemical and Mining Company of Chile Inc. by CFO Gerardo Illanes.

Sociedad Química y Minera de Chile S.A. (SQM) plans to increase its cash return to shareholders by proposing a higher final dividend for 2025. The Board unanimously agreed to recommend a dividend equal to 50% of 2025 net income, above the current policy of 30%.

The proposed final dividend amounts to US$1.02952 per share, payable in Chilean pesos using the observed U.S. dollar exchange rate published in the Official Gazette on May 11, 2026. If approved at the Annual General Shareholders’ Meeting on April 23, 2026, payments would begin on May 14, 2026 to shareholders registered five business days before the payment date.

Sociedad Química y Minera de Chile S.A. (SQM) has scheduled its Annual General Shareholders’ Meeting for 10:00 a.m. (Chile time) on April 23, 2026. The meeting will address the usual annual matters for shareholders of the company.

For holders of American Depositary Receipts representing SQM’s Series B shares, voting instruction cards for the meeting will be sent to The Bank of New York Mellon as depositary at 4:00 p.m. (EDT) on March 26, 2026, allowing ADR investors to participate through their depositary bank.