Ben Isaacson

Corinne Blanchard

Joel Jackson

Alejandro Anibal Demichelis

César Pérez Novoa

Constanza González Muñoz

Emerson Vieira

Isabella Simonato Alonso

Julia Zaniolo

Juraj Domic

Lucas Ferreira

- For Q2 2025, CHEMICAL & MINING CO OF CHILE INC reported **revenue of $1,042,677 thousand USD** and **net income of $89,386 thousand USD**, with **basic earnings per share of $0.3096**.  **[909037_0000909037-25-000036_sqm_2q2025xfinancialstat.htm:9]** 
- Year-to-date June 2025 net income significantly improved to **$227,720 thousand USD** from a net loss of $(653,860) thousand USD in the prior year, primarily due to a **substantial reduction in income tax expense**, particularly from specific tax on lithium-related mining activity.  **[909037_0000909037-25-000036_sqm_2q2025xfinancialstat.htm:9]** **[909037_0000909037-25-000036_sqm_2q2025xfinancialstat.htm:120]** 
- Year-to-date June 2025 revenue decreased to **$2,079,307 thousand USD** from $2,378,134 thousand USD in the prior year, with the **Lithium and its derivatives segment revenue declining to $948,094 thousand USD** from $1,212,087 thousand USD.  **[909037_0000909037-25-000036_sqm_2q2025xfinancialstat.htm:9]** **[909037_0000909037-25-000036_sqm_2q2025xfinancialstat.htm:109]** 
- The company anticipates new accounting standards, including amendments to IFRS 9, IFRS 7, and IFRS 18, becoming mandatory for annual periods beginning on or after **January 1, 2026**.  **[909037_0000909037-25-000036_sqm_2q2025xfinancialstat.htm:18]**

CHEMICAL & MINING CO OF CHILE INC Reports Q2 2025 Financial Results

- SQM reported **total revenues** of **US$2,079.3 million** for the six months ended June 30, 2025, a **12.6% decrease** compared to the same period last year, and **US$1,042.7 million** for the second quarter of 2025, a **19.4% decrease** from Q2 2024.  **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:1]** 
- **Net income** for the six months ended June 30, 2025, was **US$226.0 million** (US$0.79 per share), a significant improvement from a net loss of US$(655.9) million (US$(2.30) per share) in the prior year period.  **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:1]**  For the second quarter of 2025, net income was **US$88.4 million** (US$0.31 per share), representing a **58.6% decrease** compared to Q2 2024.  **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:1]** 
- The company experienced lower lithium market prices in Q2 2025, but anticipates sales volumes from its Salar de Atacama operations to grow by approximately **10%** compared to last year, and updated its full-year 2025 sales guidance for the International Lithium Division to approximately **20,000 LCE**.  **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:1]** **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:3]** 
- The Kwinana refinery, a joint venture with Wesfarmers, completed construction and achieved its first product in July, with an expected 18-month ramp-up period to reach **50,000 tons** of battery-grade lithium hydroxide per year by the end of 2026.  **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:1]** **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:3]** 
- Revenues from Iodine and Derivatives increased by **3.3%** for the six months ended June 30, 2025, and **0.8%** for the second quarter of 2025, with average sales prices reaching **US$71.5 per kilogram** in Q2 2025.  **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:4]** **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:5]**  Potassium sales volumes decreased by **55%** year-on-year in Q2 2025, although average realized prices were almost **23% higher**.  **[909037_0000909037-25-000032_a6-k_2q2025earningsrelease.htm:5]**

SQM Announces Q2 and First Half 2025 Earnings

CHEMICAL & MINING CO OF CHILE (SQM)