Context: How Bolsa de Santiago works, and what it makes issuers disclose · Chile on the LatAm Power Map
Oxiquim is the quiet infrastructure of Chilean industry: the company that stores and moves the chemicals, gases, and raw materials that dozens of other industries cannot do without. It has done so for more than 70 years, and it pays its shareholders a dividend yield that most listed companies in the region would envy.
| Full name | Oxiquim S.A. |
|---|---|
| Ticker / exchange | OXIQUIM — Santiago Stock Exchange (Bolsa de Santiago) |
| Headquarters | Avenida Santa María 2050, Providencia, Santiago, Chile |
| Sector / industry | Basic Materials — Chemicals |
| Employees | 403 |
| Market value (market cap) | CLP 309.6 billion (~USD 341.6 million) |
| Yearly sales (revenue, 2025) | CLP 236.8 billion (~USD 261.3 million) |
| Net profit (2025) | CLP 26.1 billion (~USD 28.8 million) |
| Net margin (TTM) | 10.4% — keeps about 10 cents of every peso of sales |
| Return on equity (TTM) | 19.0% — earns nearly 19 pesos for every 100 pesos owners have put in |
| Price-to-earnings (P/E) | ~10,033× (distorted; see note in “The money”) |
| Dividend yield | 8.7% — a high cash return for shareholders relative to the share price |
| Website | www.oxiquim.com |
What it is
Oxiquim operates in two segments: a Commercial arm that develops, manufactures, and distributes specialty and commodity chemicals — including formaldehyde-based resins, adhesives, and wood coatings — and a Services arm that runs marine logistics terminals and provides bulk-liquid storage and handling.
The company describes itself as having “more than 70 years of trajectory,” with a purpose of supplying raw materials and key inputs used to make everyday consumer goods across Chile. Beyond its best-known terminal at Quintero, Oxiquim operates facilities at Coronel in the Biobío region and at Mejillones in Antofagasta, where various liquid and gas products are transferred.
Who owns it
Insiders — the controlling shareholder bloc — hold 67.3% of shares and institutional investors hold a further 26.5%, leaving a free float of roughly 6%, according to EODHD data. The major registered shareholders are a cluster of Chilean holding companies: Alginova Inversiones Ltda., Inversiones Viquim Ltda., Inversiones Acsin Ltda., Inversiones Nueva Quiapo Sur Ltda., Inversiones Fuengirola Ltda., Sociedad Transportes Transalgas Ltda., Pelvin Inversiones Ltda., and Inversiones Los Perales Ltda.
These entities are related private investment vehicles, consistent with a company that has long been family-controlled; the exact family names and individual percentage splits behind each holding company are not disclosed in available public filings beyond what the CMF shareholder register shows at an entity level. EMIS records the company as established on 20 March 1965.
Who runs it
The board is chaired by Fernando Barros Tocornal, with Vicente Navarrete Rolando as vice-chair; Cecilia Pardo Pizarro serves as General Manager (CEO equivalent), having taken the role in April 2020.
Pardo came from inside the company, where she had managed Oxiquim’s Maritime Terminals Division before being appointed to lead the whole group. She has a career of more than 30 years at Oxiquim, across multiple areas of the business.
A CFO is not separately disclosed in available sources.
The money, in plain words
Sales have grown from CLP 214.6 billion (~USD 236.8M) in 2023 to CLP 236.8 billion (~USD 261.3M) in 2025 — a rise of 10.3% over two years (our calculation). The company kept about 11 cents of profit from every peso of sales in 2025 — a net profit margin of 11.0% (our calculation from 2025 annual figures; EODHD TTM: 10.4%) — solid for a chemicals distributor whose margins are partly set by commodity pricing.
For every 100 pesos owners have invested in the business, it earned nearly 19 pesos back in the last twelve months — a return on equity of 19.0%, a genuinely strong number. The balance sheet carries CLP 12.4 billion (~USD 13.7M) in cash with no financial debt disclosed in available data, giving a net cash position of approximately CLP 12.4 billion, or ~USD 13.7M (our calculation).
The headline price-to-earnings ratio of roughly 10,000× in the data is not a real valuation signal — it reflects a near-zero reported earnings base in the specific period used for the P/E calculation, not the company’s underlying profitability; the 2025 annual net profit of CLP 26.1 billion (~USD 28.8M) tells the truer story. The 8.7% dividend yield — meaning the annual cash paid to shareholders equals 8.7% of the current share price — is the number most income-focused investors will watch.
What it is doing now
In early 2025, Oxiquim showcased to regional government authorities the emissions-abatement system it completed in 2024 at its Quintero marine terminal, which the company says cuts volatile organic compound emissions at the terminal by more than 95%.
As of mid-2024, Cecilia Pardo confirmed the company was still evaluating how to proceed with a long-pending multipurpose terminal expansion project at Quintero — an initiative with environmental approval but lingering community and regulatory friction in a bay officially classified as an atmospheric-saturation zone.
What to watch
- Terminal expansion decision. The Quintero multipurpose terminal project, if approved and built, would materially extend the Services segment’s capacity and revenue; continued community opposition or regulatory reversal would remove that growth option.
- Dividend sustainability. An 8.7% yield is attractive but demands scrutiny: watch whether free cash flow (operating profit minus investment spending) covers the payout as the company considers large capital projects.
- Ownership transparency. With roughly 6% of shares in free float, the stock trades thinly; any shift in the constellation of holding companies that control 67% could move the price sharply.
- Commodity-price pass-through. Revenue grew 10.3% over two years, but gross profit margins narrowed slightly between 2024 and 2025, a sign that input-cost pressure can compress what the company keeps even when headline sales rise.
Sources
- CMF Chile — Oxiquim S.A. Top-12 Shareholders (Comisión para el Mercado Financiero)
- CMF Chile — Oxiquim S.A. Senior Executives Register (September 2025)
- CMF Chile — Oxiquim S.A. Ordinary Shareholders’ Meeting Minutes (acta)
- MundoMarítimo — “Oxiquim: Cecilia Pardo asume como gerente general y compañía renueva Directorio” (4 May 2020)
- MundoMarítimo — “Cecilia Pardo asumirá como gerente general de Oxiquim a partir de mayo” (2019)
- G5 Noticias — “Oxiquim recibe autoridades en sus instalaciones de Quintero” (13 March 2025)
- MarketScreener — Oxiquim S.A. Shareholder Structure
- Oxiquim S.A. — Corporate website
- Market data: EODHD.
This is news, not investment advice.
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