LTM · LATAM Airlines Group S.A.

This filing reports the approval of LATAM Airlines Group S.A.’s Final Minimum Mandatory Dividend No. 55 for fiscal year 2025, reflecting the company’s compliance with Chilean corporate law requiring distribution of a minimum portion of distributable profits. The dividend—US$37.995 million in aggregate—represents the second and concluding installment of the mandated 30% payout, following Interim Dividend No. 54 paid in December 2025. With 574.2 billion shares outstanding, the per-share amount is nominal (US$0.00006617), underscoring the capital structure’s extreme share count rather than earnings scale. Payment in Chilean pesos introduces FX exposure for non-resident investors, tied to the official ‘observed’ exchange rate published five business days prior to payment. While the dividend signals financial compliance and shareholder return discipline, it does not convey new operational performance data, guidance, or strategic developments. The absence of earnings metrics, forward outlook, or balance sheet updates limits its informational weight beyond routine capital allocation execution. Investors should note the administrative timeline: the May 8, 2026 record date deadline for payment method elections and the 90-day cash disbursement window through Banco de Crédito e Inversiones.