Sociedad Química y Minera de Chile (SQM) investor relations material

Financial performance and business overview

• Last twelve months revenue reached $5.3 billion, with adjusted EBITDA of $2.1 billion and a 39% margin; net financial debt to adjusted EBITDA stands at 0.6x.

• First quarter 2026 revenue was $1.76 billion, gross profit $779 million, net income $365 million, and adjusted EBITDA $837 million with a 48% margin.

• Lithium contributed 56% of revenues and 59% of gross profit, followed by iodine (20% revenue, 31% gross profit) and specialty plant nutrition (19% revenue, 8% gross profit).

• Lithium sales volumes rose 25% and average prices 88% year-on-year; specialty plant nutrition and iodine also saw higher volumes and prices.

• Net debt decreased to $1.2 billion with a low leverage ratio, and the company maintains a strong credit profile with an average debt maturity of 18.6 years at 5.16% cost.

Market position and segment outlook

• Holds leading market shares: ~37% in iodine, ~39% in specialty plant nutrition, and ~13% in industrial chemicals.

• Lithium market expected to exceed 1.9 million MT demand in 2026, with tight supply-demand balance and over 15% sales volume growth anticipated.

• Iodine demand projected to grow 3% in 2026, driven by X-ray contrast media; prices remain high and capacity expansion is underway.

• Specialty plant nutrition expects 10% sales volume growth in 2026, focusing on specialty blends and strategic market allocation.

• Potassium sales volume is expected to decline by 50% in 2026, despite stable global demand and pricing.

Sustainability and corporate responsibility

• Committed to sustainability, member of UN Global Compact, Global Battery Alliance, and multiple sustainability indices.

• Targets a 50% reduction in brine extraction by 2028 and participates in climate and transparency initiatives.

• Integrates sustainability across the supply chain, emphasizing ethical business, human rights, and community engagement.

• Annual contributions of $11–19 million for R&D and $10–15 million to local communities, plus 1.7% of sales to regional development.