SQM Files Q3 2024 Financials

Ticker: SQM · Form: 6-K · Filed: Dec 18, 2024 · CIK: 909037

Sentiment: neutral

Topics: financials, reporting, international

Related Tickers: SQM

TL;DR

SQM dropped its Q3 2024 financials, filed with the SEC.

AI Summary

Chemical & Mining Co of Chile Inc. (SQM) filed its Form 6-K on December 18, 2024, reporting its financial statements for the nine months ended September 30, 2024. The company, based in Santiago, Chile, is a foreign private issuer and will file its annual reports under Form 20-F. The filing includes translated financial statements previously submitted to the Chilean Commission for the Financial Market.

Why It Matters

This filing provides investors with the latest financial performance data for SQM, a significant player in the mining and chemical industry, allowing for updated investment analysis.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not introduce new risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this Form 6-K filing?

The primary purpose is to report the translated financial statements for the nine months ended September 30, 2024, which were previously filed with the Chilean Commission for the Financial Market.

What is the company's full name and common ticker?

The company's full name is CHEMICAL & MINING CO OF CHILE INC, and its common ticker is SQM.

When were these financial statements originally filed in Chile?

The Spanish version of the financial statements was filed with the Chilean Commission for the Financial Market (CMF) on November 15, 2024.

Under which form will SQM file its annual reports?

SQM indicates it files its annual reports under cover of Form 20-F.

What is the principal executive office address for SQM?

The principal executive office is located at El Trovador 4285, Santiago, Chile.

Filing Stats: 2,452 words · 10 min read · ~8 pages · Grade level 7.6 · Accepted 2024-12-18 16:39:24

Filing Documents

From the Filing

financialstatementsq3202 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 September, 2024. 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 Form 40-F Santiago, Chile. December 18, 2024.- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reports the translation of its financial statements for the nine months ended September 30, 2024, the Spanish version of which was filed with the Chilean Commission for the Financial Market (Comisión para el Mercado Financiero or "CMF") on November 21, 2024. CONSOLIDATED INTERIM FINANCIAL STATEMENTS As of and for the period ended September 30, 2024 Sociedad Química y Minera de Chile S.A. and subsidiaries In thousands of United States dollars This document includes: - Consolidated Interim Statements of Financial Position - Consolidated Interim Statements of Income - Consolidated Interim Statements of Comprehensive Income - Consolidated Interim Statements of Cash Flows - Consolidated Interim Statements of Changes in Equity - Notes to the Consolidated Interim Financial Statements Table of Contents –Consolidated Financial Statements Consolidated Interim Statements of Financial Position .................................................... 1 Consolidated Interim Statements of Financial Position .................................................... 2 Consolidated Interim Statements of Income (Unaudited) ................................................ 3 Consolidated Interim Statements of Comprehensive Income (Unaudited) .................... 4 Consolidated Interim Statements of Cash Flows (Unaudited) ......................................... 5 Consolidated Interim Statements of Changes in Equity (Unaudited) ............................. 7 Glossary ................................................................................................................................. 8 Note 1 Identification and Activities of the Company and Subsidiaries ...................... 10 1.1 Historical background .......................................................................................................... 10 1.2 Main domicile where the Company performs its production activities ............................... 10 1.3 Codes of main activities ....................................................................................................... 10 1.4 Description of the nature of operations and main activities................................................. 10 1.5 Other background ................................................................................................................ 12 Note 2 Basis of presentation for the consolidated financial statements interims ....... 14 2.1 Accounting period ............................................................................................................... 14 2.2 Consolidated financial statements ....................................................................................... 14 2.3 Basis of measurement .......................................................................................................... 15 2.4 Accounting pronouncements ............................................................................................... 15 2.5 Basis of consolidation .......................................................................................................... 17 2.6 Investments in associates and joint ventures ....................................................................... 21 Note 3 Significant accounting policies ............................................................................ 22 3.1 Classification of balances as current and non-current ......................................................... 22 3.2 Functional and presentation currency .................................................................................. 22 3.3 Accounting policy for foreign currency translation ............................................................. 22 3.4 Consolidated statement of cash flows .................................................................................. 24 3.5 Financial assets accounting policy ....................................................................................... 24 3.6 Financial assets impairment ................................................................................................. 25 3.7 Financial liabilities ............................................................................................................... 26 3.8 Estimated fair

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