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6-K 1 a6_kxaccountingreconciliat.htm 6-K Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of April 2025.
Commission File Number 33-65728
CHEMICAL AND MINING COMPANY OF CHILE INC.
(Translation of registrant’s name into English)
El Trovador 4285, Santiago, Chile (562) 2425-2000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F:_X_ Form 40-F









SQM PRESENTS ACCOUNTING RECONCILIATION BETWEEN 20-F AND CMF FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024

Santiago, Chile. April 25, 2025.- Sociedad Química y Minera de Chile S.A. ("SQM" or the "Company") (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) announced today that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 (the "Form 20-F"), with the U.S. Securities and Exchange Commission (the “SEC”).

SQM’s Form 20-F can be accessed by visiting either the SEC’s website at www.sec.gov or the investor relations section of the Company’s website at www.sqm.com.

In relation to the matter reported in the press release (hecho esencial) dated April 7, 2024, the Company's Board of Directors reviewed the accounting treatment of the tax claims the Company has with the Chilean Internal Revenue Service (“Servicio de Impuestos Internos” or “SII”) as a result of the erroneous application by the SII of the specific tax on mining activities for the exploitation of lithium, as disclosed in note 21.3 of the most recent financial statements filed by the Company with the Chilean Financial Market Commission (“Comisión para el Mercado Financiero” or “CMF”).

As a result of this review, the financial statements that the Company has filed on the Form 20-F with the Securities and Exchange Commission in the United States (the “20-F”) include differences with respect to the last financial statements issued in Chile, as set forth below in an accounting reconciliation between the consolidated financial statements of the Company filed with the CMF on March 4, 2025, and the financial statements filed on the 20-F.





Consolidated Statements of Financial Position

Assets Note* As of December 31, 2024, as reported to the CMF  Subsequent event adjustment As of December 31, 2024, as filed with the Form 20-F
ThUS$ ThUS$ ThUS$
Current Assets
Cash and cash equivalents 9.1 1,377,851 — 1,377,851
Other current financial assets 12.1 1,079,595 — 1,079,595
Other current non-financial assets 16 200,705 — 200,705
Trade and other receivables, current 12.2 606,137 — 606,137
Trade receivables due from related parties, current 11.5 28,706 — 28,706
Current inventories 10 1,702,185 — 1,702,185
Current tax assets 25.1 583,143 — 583,143
Total current assets other than those classified as held for sale or disposal 5,578,322 — 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 5,578,440 — 5,578,440
Non-current assets
Other non-current financial assets 12.1 60,706 — 60,706
Other non-current non-financial assets 16 364,166 — 364,166
Non-current trade receivables 12.2 2,727 — 2,727
Investments accounted for under the equity method 7.1-8.1 585,794 — 585,794
Intangible assets other than goodwill 14.1 167,968 — 167,968
Goodwill 14.1 948 — 948
Property, plant and equipment, net 15.1 4,433,645 — 4,433,645
Right-of-use assets 13.1 84,070 — 84,070
Non-current tax assets 25.1 59,541 — 59,541
Deferred tax assets 25.3 157,564 — 157,564
Total non-current assets 5,917,129 — 5,917,129
Total assets 11,495,569 — 11,495,569

* See the notes to the Company’s consolidated financial statements included in the Form 20-F, filed on April 24, 2025.

Consolidated Statements of Financial Position

Liabilities and Equity Note* As of December 31, 2024, as reported to the CMF Subsequent event adjustment As of December 31, 2024, as filed with the Form 20-F
ThUS$ ThUS$ ThUS$
Current liabilities
Other current financial liabilities 12.4 1,163,468 —  1,163,468
Lease liabilities, current 13.2 23,011 —  23,011
Trade and other payables, current 12.5 471,449 —  471,449
Current trade payables due to related parties 11.6 10,265 —  10,265
Other current provisions 18.1 311,197 —  311,197
Current tax liabilities 25.2 79,841 —  79,841
Provisions for employee benefits, current 17.1 31,546 —  31,546
Other current non-financial liabilities 18.3 128,039 —  128,039
Total current liabilities 2,218,816 —  2,218,816
Non-current liabilities — 
Other non-current financial liabilities 12.4 3,600,582 —  3,600,582
Non-current lease liabilities 13.2 60,801 —  60,801
Other non-current provisions 18.1 53,317 —  53,317
Deferred tax liabilities 25.3 298,379 —  298,379
Non-current provisions for employee benefits 17.1 65,607 —  65,607
Total non-current liabilities 4,078,686 —  4,078,686
Total liabilities 6,297,502 —  6,297,502
— 
Equity — 
Equity attributable to owners of the Parent 19 — 
Share capital 1,577,623 —  1,577,623
Retained earnings 3,620,612 —  3,620,612
Other reserves (37,416) —  (37,416)
Equity attributable to owners of the Parent 5,160,819 —  5,160,819
Non-controlling interests 37,248 —  37,248
Total equity 5,198,067 —  5,198,067
Total liabilities and equity 11,495,569 —  11,495,569

* See the notes to the Company’s consolidated financial statements included in the Form 20-F, filed on April 24, 2025.

Consolidated Statements of Income
As of December 31, 2024, as reported to the CMF Subsequent event adjustment As of December 31, 2024, as filed with the Form 20-F
Consolidated Statements of Income Note*
ThUS$ ThUS$ ThUS$
Revenue 21.1 4,528,761 —  4,528,761
Cost of sales 21.2 (3,201,654) —  (3,201,654)
Gross profit 1,327,107 —  1,327,107
Other income 21.3 32,229 —  32,229
Administrative expenses 21.4 (185,959) —  (185,959)
Other expenses 21.5 (104,698) —  (104,698)
Impairment of financial assets and reversal of impairment losses 21.7 (639) —  (639)
Other (losses) gains 21.6 (2,142) —  (2,142)
Income from operating activities 1,065,898 —  1,065,898
Finance income 21.1 103,642 —  103,642
Finance costs 15-21.9 (197,544) —  (197,544)
Share of profit of associates and joint ventures accounted for using the equity method 7.1-8.1 11,025 —  11,025
Foreign currency translation differences 24 (8,607) —  (8,607)
Income before taxes 974,414 —  974,414
Income tax expense 25.3 (1,372,049) (1,089,476) (282,573)
Net income (397,635) (1,089,476) 691,841
Net income attributable to:
Net income attributable to owners of the parent (404,359) (1,089,476) 685,117
Net income attributable to non-controlling interests 6,724 — 6,724
(397,635) (1,089,476) 691,841
Basic earnings per share (US$ per share) 3.26 (1.4156) 3.1842 2.3986
Diluted earnings per share (US$ per share) 3.26 (1.4156) 3.1842 2.3986

* See the notes to the Company’s consolidated financial statements included in the Form 20-F, filed on April 24, 2025.


Consolidated Statements of Comprehensive Income
As of December 31, 2024, as reported to the CMF Subsequent event adjustment As of December 31, 2024, as filed with the Form 20-F
Consolidated Statements of Comprehensive Income
ThUS$ ThUS$ ThUS$
Net income (397,635) 1,089,476  691,841 
Items of other comprehensive income that will not be reclassified to income for the year, before taxes
gain (losses) from measurements of defined benefit plans 3,148  —  3,148 
Gains from financial assets measured at fair value through other comprehensive income 3,520  —  3,520 
Total other comprehensive income that will not be reclassified to income for the year, before taxes 6,668  —  6,668 
Items of other comprehensive income that will be reclassified to income for the year, before taxes
(Losses) gains foreign currency exchange (34,516) —  (34,516)
Cash flow hedges- effective portion of changes in far value 2,520  —  2,520 
Cash flow hedges-reclassified to income for the year 8,773  —  8,773 
Total other comprehensive income that will be reclassified to income for the year (23,223) —  (23,223)
Other items of other comprehensive (losses) income, before taxes (16,555) —  (16,555)
Income taxes related to items of other comprehensive income that will not be reclassified to income for the year
Income tax benefit (expense) relating to measurement of defined benefit pension plans through other comprehensive income (860) —  (860)
Income tax (expense) benefit relating to gains (losses) on financial assets measured irrevocably at fair value through other comprehensive income (2,723) —  (2,723)
Total income tax (expense) benefit relating to components of other comprehensive income that will not be reclassified to income for the year (3,583) —  (3,583)
Income taxes relating to components of other comprehensive income that will be reclassified to income for the year
Income tax (expense) related to gains (losses) from cash flow hedges (3,049) —  — (3,049)
Total income tax (expense) benefit relating to components of other comprehensive income that will be reclassified to income for the year (3,049) —  (3,049)
Total other comprehensive (loss) income (23,187) —  (23,187)
Total comprehensive income (420,822) 1,089,476  668,654 
Comprehensive income attributable to
Comprehensive (losses) income attributable to owners of the parent (427,749) 1,089,476  661,727 
Comprehensive income attributable to non-controlling interest 6,927  —  6,927 
(420,822) 1,089,476  668,654 

Consolidated Statements of Changes in Equity
Consolidated Statements of
Changes in Equity		 Share capital Foreign
currency
translation
reserve		 Hedge
reserve		 Gains and
losses from
financial
assets
reserve		 Actuarial
gains and
losses from
defined
benefit plans
reserve		 Accumulated
other
comprehensive
income		 Other
miscellaneous
reserves		 Total
reserves		 Retained
earnings		 Equity
attributable
to owners of
the Parent		 Non-
controlling
interests		 Total Equity
ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$ ThUS$
Equity at January 1, 2024 reported to the CMF 1,577,643  (4,921) (930) 122,294  (13,454) 102,989  11,881  114,870  3,838,162  5,530,675  36,230  5,566,905 
Subsequent event adjustment 2023 (1,089,476) (1,089,476) —  (1,089,476)
As of January 1, 2024, as filed with the Form 20-F 1,577,643  (4,921) (930) 122,294  (13,454) 102,989  11,881  114,870  2,748,686  4,441,199  36,230  4,477,429 
Net income 685,117  685,117  6,724  691,841 
Other comprehensive income —  (34,706) 8,244  797  2,275  (23,390) —  (23,390) —  (23,390) 203  (23,187)
Comprehensive income —  (34,706) 8,244  797  2,275  (23,390) —  (23,390) 685,117  661,727  6,927  668,654 
Equity instruments irrevocably recognized in other comprehensive income (loss) —  —  —  128,793  —  —  —  128,793  186,809  58,016  —  58,016 
Dividends —  —  —  —  —  —  —  —  —  —  (5,909) (5,909)
Capital decrease (20) —  —  —  —  —  20  20  —  —  —  — 
Other increases in equity —  1,603  —  —  —  —  (1,726) (123) —  (123) —  (123)
Total changes in equity (20) (33,103) 8,244  (127,996) 2,275  (23,390) (1,706) (152,286) 871,926  719,620  1,018  720,638 
Equity as of December 31,
2024 reported to the CMF and filed with the Form 20-F
 1.577.623 (38,024) 7,314  (5,702) (11,179) 79,599  10,175  (37,416) 3,620,612  5,160,819  37,248  5,198,067 


About SQM
SQM is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health, nutrition, renewable energy and technology through innovation and technological development. We aim to maintain our leading world position in the lithium, potassium nitrate, iodine and thermo-solar salts markets.

For further information, contact:

Gerardo Illanes / gerardo.illanes@sqm.com
Isabel Bendeck / isabel.bendeck@sqm.com







SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CHEMICAL AND MINING COMPANY OF CHILE INC.
(Registrant)
Date: April 25, 2024 /s/ Gerardo Illanes
By: Gerardo Illanes
CFO