$SQM

CHEMICAL & MINING CO OF CHILE INC

CIK:0000909037|SEC Filings

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue	$ 4,576,224	$ 4,528,761	$ 7,467,490
Cost of sales	(3,223,624)	(3,201,654)	(4,392,436)
Gross profit	1,352,600	1,327,107	3,075,054
Other income	12,506	32,229	40,557
Administrative expenses	(195,577)	(185,959)	(175,765)
Other expenses	(96,302)	(104,698)	(93,400)
Impairment of financial assets and reversal of impairment losses	976	(639)	202
Other (losses)	(11,143)	(2,142)	(2,254)
Income from operating activities	1,063,060	1,065,898	2,844,394
Finance income	85,707	103,642	122,726
Finance costs	(192,672)	(197,544)	(138,402)
Share of profit of associates and joint ventures accounted for using the equity method	6,738	11,025	593
Foreign currency translation differences	(2,107)	(8,607)	(22,293)
Income before taxes	960,726	974,414	2,807,018
Income tax benefit (expense)	(320,083)	(282,573)	(1,876,751)
Net income	640,643	691,841	930,267
Net income attributable to:
Net income attributable to owners of the parent	588,138	685,117	923,191
Net income attributable to non-controlling interests	52,505	6,724	7,076
Net income	$ 640,643	$ 691,841	$ 930,267
Earnings per share
Basic (losses) earnings per share (in USD per share)	$ 2.0590	$ 2.3986	$ 3.2320
Diluted (losses) earnings per share (in USD per share)	$ 2.0590	$ 2.3986	$ 3.2320

Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Classes of cash receipts generated from operating activities

Cash receipts from sales of goods and rendering of services

$ 4,817,584

$ 5,102,866

$ 8,162,698

Cash receipts from premiums and benefits, annuities and other benefits from policies entered

1,000

Cash receipts derived from sub-leases

Classes of Payments

Cash payments to suppliers for the provision of goods and services

(3,401,646)

(3,399,104)

(5,637,224)

Cash payments relating to variable leases

(3,956)

(6,138)

(4,700)

Other payments related to operating activities

(81,528)

(94,899)

(86,291)

Net cash generated from operating activities

1,330,454

1,603,725

2,434,572

Dividends received

9,679

18,566

9,328

Interest paid

(250,004)

(240,825)

(121,222)

Interest paid on lease liabilities

(2,951)

(2,820)

(2,038)

Interest received

96,796

97,077

103,352

Income taxes paid

(107,071)

(235,155)

(2,309,640)

Other cash (outflows) inflows

^[1]

237,464

34,110

(310,991)

Net cash generated from (used in) operating activities

1,314,367

1,274,678

(196,639)

Cash flows generated from (used in) investing activities

Proceeds from the sale of equity instruments

4,745

Purchase of ownership interest in associates and joint ventures

(228)

(356,846)

(34,547)

Acquisition of equity instruments

(6,300)

(11,063)

(30,701)

Acquisition of subsidiaries

(11,485)

(122,594)

Proceeds from the sale of property, plant and equipment

Payment of loans from related entities

(9,762)

(6,746)

Acquisition of property, plant and equipment

(876,676)

(971,792)

(1,103,598)

Proceeds from sale of intangible assets

281

13,037

5,205

346

18,034

Loans to related parties

1,380

2,093

3,387

Purchases of other long-term assets

(10,701)

(12,002)

Other cash inflows (outflows)

^[2],[3]

130,949

250,251

(332,060)

Cash flow used in investing activities

(771,762)

(1,213,992)

(1,481,493)

Cash flows generated from (used in) financing activities

Payment of lease liabilities

(25,573)

(22,288)

(15,914)

Proceeds from long-term loans

607,006

886,000

850,000

Proceeds from short-term loans

1,115,000

1,250,000

1,215,000

Loan repayments

(1,839,565)

(1,764,869)

(530,717)

Proceeds from hedges associated to loans

454

759

18,927

Dividends paid

(4,273)

(67,219)

(1,471,035)

Net cash flow generated from financing activities

(146,951)

282,383

66,261

Net increase (decrease) in cash and cash equivalents before the effect of changes in the exchange rate

395,654

343,069

(1,611,871)

Effects of exchange rate fluctuations on cash and cash equivalents

(23,184)

(6,587)

(1,996)

Increase (decrease) in cash and cash equivalents

372,470

336,482

(1,613,867)

Cash and cash equivalents at beginning of year

1,377,851

1,041,369

2,655,236

Cash and cash equivalents at end of year

$ 1,750,321

$ 1,377,851

$ 1,041,369

[1]	Other inflows (outflows) of cash from operating activities include net increases (decreases) of value added tax and banking expenses, taxes associated with interest payments, costs of issuance of debt and government grants.
[2]	Other cash inflows (outflow) include investments and redemptions of time deposits and other financial instruments that do not qualify as cash and cash equivalent in accordance with IAS 7, paragraph 7, since they mature in more than 90 days from the original investment date.
[3]	Other cash inflows (outflows) from investing activities include guarantees deposits described in note 12.2

Consolidated Statements of Financial Position $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Current Assets
Cash and cash equivalents	$ 1,750,321	$ 1,377,851
Other current financial assets	976,641	1,079,595
Other current non-financial assets	122,288	200,705
Trade and other receivables, current	649,055	606,137
Trade receivables due from related parties, current	36,799	28,706
Current inventories	1,803,478	1,702,185
Current tax assets	441,794	583,143
Total current assets other than those classified as held for sale or disposal	5,780,376	5,578,322
Non-current assets or groups of assets classified as held for sale	118	118
Total non-current assets held for sale	118	118
Total current assets	5,780,494	5,578,440
Non-current assets
Other non-current financial assets	76,244	60,706
Other non-current non-financial assets	314,348	364,166
Non-current trade receivables	3,295	2,727
Investments accounted for under the equity method	631,199	585,794
Intangible assets other than goodwill	2,553,052	167,968
Goodwill	958	948
Property, plant and equipment, net	4,839,490	4,433,645
Right-of-use assets	70,336	84,070
Non-current tax assets	59,541	59,541
Deferred tax assets	176,003	157,564
Total non-current assets	8,724,466	5,917,129
Total assets	14,504,960	11,495,569
Current liabilities
Other current financial liabilities	470,755	1,163,468
Lease liabilities, current	22,196	23,011
Trade and other payables, current	384,220	471,449
Current trade payables due to related parties	53,406	10,265
Other current provisions	320,005	311,197
Current tax liabilities	113,094	79,841
Provisions for employee benefits, current	68,093	31,546
Other current non-financial liabilities	337,067	128,039
Total current liabilities	1,768,836	2,218,816
Non-current liabilities
Other non-current financial liabilities	4,220,557	3,600,582
Non-current lease liabilities	50,782	60,801
Other non-current provisions	54,444	53,317
Deferred tax liabilities	311,213	298,379
Non-current provisions for employee benefits	45,249	65,607
Total non-current liabilities	4,682,245	4,078,686
Total liabilities	6,451,081	6,297,502
Equity attributable to owners of the Parent
Share capital	1,577,623	1,577,623
Retained earnings	4,032,308	3,620,612
Other reserves	81,331	(37,416)
Equity attributable to owners of the Parent	5,691,262	5,160,819
Non-controlling interests	2,362,617	37,248
Total equity	8,053,879	5,198,067
Total liabilities and equity	$ 14,504,960	$ 11,495,569