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Gains (losses) from operating activities in the statement of income of expenses, included according to their nature (Tables) | 12 Months Ended
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Dec. 31, 2024
Gains (Losses) From Operating Activities In The Statement Of Income Of Expenses, Included According To Their Nature |
Schedule of revenue from operating activities customer activities | The Group derives revenues from the sale of goods (which are recognized at one point in time) and from the provision of services (which are recognized over time) and are distributed among the following geographical areas and main product and service lines: (a)Geographic areas:
For the year ended December 31, 2024
Geographic areas |  | Specialty plant nutrition |  | Iodine and derivatives |  | Lithium and derivatives |  | Potassium |  | Industrial chemicals |  | Other |  | Total ThUS$
Chile |  | 110,282 |  | 2,012 |  | 600 |  | 36,506 |  | 1,129 |  | 21,022 |  | 171,551
Latin America and the Caribbean |  | 113,524 |  | 20,933 |  | 4,300 |  | 89,473 |  | 7,749 |  | 4,650 |  | 240,629
Europe |  | 156,500 |  | 368,448 |  | 97,000 |  | 40,270 |  | 18,919 |  | 470 |  | 681,607
North America |  | 367,530 |  | 158,253 |  | 57,900 |  | 61,145 |  | 43,519 |  | 1,447 |  | 689,794
Asia and Others |  | 194,104 |  | 418,666 |  | 2,081,450 |  | 43,389 |  | 6,839 |  | 732 |  | 2,745,180
Total |  | 941,940 |  | 968,312 |  | 2,241,250 |  | 270,783 |  | 78,155 |  | 28,321 |  | 4,528,761
For the year ended December 31, 2023
Geographic areas |  | Specialty plant nutrition |  | Iodine and derivatives |  | Lithium and derivatives |  | Potassium |  | Industrial chemicals |  | Other |  | Total ThUS$
Chile |  | 109,669 |  |  | 1,603 |  |  | 2,327 |  |  | 31,356 |  |  | 1,136 |  |  | 23,590 |  |  | 169,681 |
Latin America and the Caribbean |  | 76,157 |  |  | 21,523 |  |  | 7,289 |  |  | 93,868 |  |  | 10,489 |  |  | 973 |  |  | 210,299 |
Europa |  | 128,370 |  |  | 368,696 |  |  | 278,360 |  |  | 30,357 |  |  | 21,054 |  |  | 1,275 |  |  | 828,112 |
North America |  | 411,586 |  |  | 122,025 |  |  | 134,768 |  |  | 67,232 |  |  | 47,074 |  |  | 926 |  |  | 783,611 |
Asia and Others |  | 188,130 |  |  | 378,304 |  |  | 4,757,370 |  |  | 56,237 |  |  | 95,470 |  |  | 276 |  |  | 5,475,787 |
Total |  | 913,912 |  |  | 892,151 |  |  | 5,180,114 |  |  | 279,050 |  |  | 175,223 |  |  | 27,040 |  |  | 7,467,490 |
For the year ended December 31, 2022
Geographic areas |  | Specialty plant nutrition |  | Iodine and derivatives |  | Lithium and derivatives |  | Potassium |  | Industrial chemicals |  | Other |  | Total ThUS$
Chile |  | 128,829 |  |  | 1,523 |  |  | 1,854 |  |  | 64,409 |  |  | 1,199 |  |  | 25,334 |  |  | 223,148 |
Latin America and the Caribbean |  | 125,712 |  |  | 16,328 |  |  | 5,275 |  |  | 179,621 |  |  | 11,820 |  |  | 1,185 |  |  | 339,941 |
Europa |  | 196,930 |  |  | 288,854 |  |  | 390,832 |  |  | 27,275 |  |  | 27,725 |  |  | 942 |  |  | 932,558 |
North America |  | 489,327 |  |  | 141,683 |  |  | 151,152 |  |  | 71,711 |  |  | 59,402 |  |  | 912 |  |  | 914,187 |
Asia and Others |  | 231,536 |  |  | 305,951 |  |  | 7,603,826 |  |  | 94,164 |  |  | 65,054 |  |  | 213 |  |  | 8,300,744 |
Total |  | 1,172,334 |  |  | 754,339 |  |  | 8,152,939 |  |  | 437,180 |  |  | 165,200 |  |  | 28,586 |  |  | 10,710,578 |
Schedule of main product and service lines | Main product and service lines:
Products and Services |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Specialty plant nutrition |  | 941,940 |  | 913,912 |  | 1,172,334
-Sodium Nitrates |  | 16,906 |  | 25,056 |  | 21,294
-Potassium nitrate and sodium potassium nitrate |  | 531,961 |  | 502,349 |  | 700,081
-Specialty Blends |  | 246,219 |  | 235,290 |  | 285,027
-Other specialty fertilizers |  | 146,854 |  | 151,217 |  | 165,932
Iodine and derivatives |  | 968,312 |  | 892,151 |  | 754,339
Lithium and derivatives |  | 2,241,250 |  | 5,180,114 |  | 8,152,939
Potassium |  | 270,783 |  | 279,050 |  | 437,180
Industrial chemicals |  | 78,155 |  | 175,223 |  | 165,200
Other |  | 28,321 |  | 27,040 |  | 28,586
Total |  | 4,528,761 |  | 7,467,490 |  | 10,710,578
Schedule of cost of sales | Cost of sales Cost of sales broken down by nature of expense:
Nature of expense |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Raw materials and consumables used |  | (1,187,712) |  |  | (1,109,139) |  |  | (1,035,451) |
Classes of employee benefit expenses |  | (344,078) |  |  | (308,972) |  |  | (308,744) |
Depreciation expense |  | (312,001) |  |  | (252,746) |  |  | (218,714) |
Depreciation of Right-of-use Assets (contracts under IFRS 16) |  | (17,746) |  |  | (11,719) |  |  | (6,549) |
Amortization expense |  | (7,622) |  |  | (12,415) |  |  | (16,413) |
Investment plan expenses |  | (49,499) |  |  | (25,638) |  |  | (18,293) |
Provision for materials, spare parts and supplies |  | (3,292) |  |  | (10,065) |  |  | (7,099) |
Contractors |  | (265,729) |  |  | (226,180) |  |  | (194,295) |
Operating leases |  | (85,117) |  |  | (84,423) |  |  | (71,420) |
Mining patents |  | (17,861) |  |  | (7,560) |  |  | (14,585) |
Operational transportation |  | (94,734) |  |  | (107,074) |  |  | (91,130) |
Freight / product transportation costs |  | (288,135) |  |  | (263,285) |  |  | (247,889) |
Insurance |  | (42,237) |  |  | (55,204) |  |  | (43,323) |
Corfo rights and other agreements |  | (397,473) |  |  | (1,868,850) |  |  | (3,272,897) |
Expenses related to variable lease payments (contracts under IFRS 16) |  | (6,138) |  |  | (4,700) |  |  | (3,631) |
Variation in gross inventory |  | (91,544) |  |  | 20,024 |  |  | 628,671 |
Variation in inventory provision |  | 19,136 |  |  | (29,711) |  |  | (27,324) |
Other |  | (9,872) |  |  | (34,779) |  |  | (24,867) |
Total |  | (3,201,654) |  |  | (4,392,436) |  |  | (4,973,953) |
Schedule of other income |
Other income |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Discounts obtained from suppliers |  | 1,958 |  | 2,002 |  | 1,404
Fines charged to suppliers |  | 46 |  | 4,118 |  | 593
Amounts recovered from insurance |  | 1,240 |  | 1,242 |  | 1,646
Overestimate of provisions for third-party obligations |  | 309 |  | 1,272 |  | 86
Sale of assets classified as property, plant and equipment |  | 43 |  | 11 |  | 365
Sales of materials, spare parts and supplies |  | 842 |  | 147 |  | 246
Reimbursement of mining patents and notary expenses |  | 8,511 |  | 5,205 |  | 2,106
Options on mining properties |  | 2,112 |  | 376 |  | 1,126
Easements, pipelines and roads |  | 414 |  | — |  | —
Government Grants (1) |  | 13,076 |  | 24,387 |  | —
reimbursements Royalty |  | 2,000 |  | — |  | —
Others |  | 1,678 |  | 1,797 |  | 2,282
Total |  | 32,229 |  | 40,557 |  | 9,854
(1) The Company received an unconditional government grant for US$13,076 in December 2024 and US$ 24,387 in September 2023, respectively, related to the permanence of its commercial office of SQM Shanghai Chemicals Co. Ltd. in the current district, which was recognized as part of this category.
Schedule of administrative expenses |
Administrative expenses |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Employee benefit expenses |  | (93,824) |  |  | (75,450) |  |  | (63,713) |
Marketing costs |  | (6,433) |  |  | (6,611) |  |  | (5,661) |
Amortization expenses |  | (136) |  |  | (444) |  |  | (126) |
Entertainment expenses |  | (6,384) |  |  | (6,067) |  |  | (5,576) |
Advisory services |  | (29,860) |  |  | (32,562) |  |  | (27,235) |
Lease of buildings and facilities |  | (1,755) |  |  | (4,331) |  |  | (3,829) |
Insurance |  | (6,254) |  |  | (3,778) |  |  | (3,011) |
Office expenses |  | (9,165) |  |  | (9,230) |  |  | (8,596) |
Contractors |  | (8,957) |  |  | (11,067) |  |  | (7,283) |
Depreciation of Right-of-use Assets (contracts under IFRS 16) |  | (4,919) |  |  | (3,463) |  |  | (2,656) |
Other expenses |  | (18,272) |  |  | (22,762) |  |  | (14,958) |
Total |  | (185,959) |  |  | (175,765) |  |  | (142,644) |
Schedule of other expenses |
Other expenses |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Impairment (losses) /reversals of impairment losses recognized in income for the year |  |  |  |  |  |
Properties, plant and equipment |  | (10,759) |  |  | (47,059) |  |  | (8,084) |
Intangible assets other than goodwill |  | — |  |  | — |  |  | (520) |
Impairment of materials, spare parts, and supplies |  | 3,625 |  |  | — |  |  | — |
Goodwill |  | — |  |  | (9) |  | (33,629) |
Subtotal |  | (7,134) |  |  | (47,068) |  |  | (42,233) |
Other expenses, by nature |  |  |  |  |  |
Legal expenses |  | (47,887) |  |  | 17,127 |  |  | (6,841) |
VAT and other unrecoverable taxes |  | (1,779) |  |  | (2,683) |  |  | (5,694) |
Fines paid |  | (326) |  |  | (542) |  |  | (617) |
Investment plan expenses |  | (11,546) |  |  | (13,255) |  | (727) |
Exploration expenses |  | — |  | — |  |  | — |
Contributions and donations |  | (35,250) |  |  | (38,756) |  |  | (19,096) |
Other operating expenses |  | (776) |  |  | (8,223) |  |  | (763) |
Subtotal |  | (97,564) |  |  | (46,332) |  |  | (33,738) |
Total |  | (104,698) |  |  | (93,400) |  |  | (75,971) |
Schedule of other gains (losses) |
Other (losses) income |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Sale of investments in associates |  | — |  |  | — |  |  | 60 |
Adjust previous year application method of participation |  | 209 |  |  | (378) |  |  | (1) |
Reversal/Impairment of interests in associates |  | 246 |  |  | 626 |  |  | 1,349 |
Sale of investments in joint ventures |  | — |  |  | (2,599) |  |  | — |
Others |  | (2,597) |  |  | 97 |  |  | (1,291) |
Total |  | (2,142) |  |  | (2,254) |  |  | 117 |
Schedule of (impairment) reversal of losses of financial assets |
Impairment of financial assets and reversal of impairment losses |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
(Impairment) reversal of value of financial assests (See Note 12.2) |  | (639) |  |  | 202 |  |  | 3,369 |
Totals |  | (639) |  |  | 202 |  |  | 3,369 |
Schedule of expenses by nature | The following summary considers notes 21.2, 21.4 and 21.5.
|  | For the period from January to December of the year
Expenses by nature |  | 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Raw materials and consumables |  | (1,187,712) |  |  | (1,109,139) |  |  | (1,035,451) |
Employee benefit expenses |  | (437,902) |  |  | (384,422) |  |  | (372,457) |
Depreciation expense |  | (312,001) |  |  | (252,746) |  |  | (218,714) |
Depreciation of right-of-use assets |  | (22,665) |  |  | (15,182) |  |  | (9,205) |
Impairment of properties, plant and equipment, intangible and Goodwill |  | (7,134) |  |  | (47,068) |  |  | (42,233) |
Amortization expense |  | (7,758) |  |  | (12,859) |  |  | (16,539) |
Legal expenses |  | (47,887) |  |  | 17,127 |  |  | (6,841) |
Investment plan expenses |  | (61,045) |  |  | (38,893) |  |  | (19,020) |
Provision for materials, spare parts and supplies |  | (3,292) |  |  | (10,065) |  |  | (7,099) |
Contractors |  | (274,686) |  |  | (237,247) |  |  | (201,578) |
Operational leases |  | (86,872) |  |  | (88,754) |  |  | (75,249) |
Mining patents |  | (17,861) |  |  | (7,560) |  |  | (14,585) |
Operational transportation |  | (94,734) |  |  | (107,074) |  |  | (91,130) |
Freight and product transportation costs |  | (288,135) |  |  | (263,285) |  |  | (247,889) |
Corfo rights and other agreements |  | (432,723) |  |  | (1,907,606) |  |  | (3,272,897) |
Expenses related to variable lease payments (contracts under IFRS 16) |  | (6,138) |  |  | (4,700) |  |  | (3,631) |
Insurance |  | (48,491) |  |  | (58,982) |  |  | (46,334) |
Consultant and advisor services |  | (29,860) |  |  | (32,562) |  |  | (27,235) |
Variation in gross inventory |  | (91,544) |  |  | 20,024 |  |  | 628,671 |
Variation in inventory provision |  | 19,136 |  |  | (29,711) |  |  | (27,324) |
Other expenses |  | (53,007) |  |  | (90,897) |  |  | (85,828) |
Total expenses by nature |  | (3,492,311) |  |  | (4,661,601) |  |  | (5,192,568) |
Schedule of finance expenses |
Finance expenses |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Interest expense from bank borrowings and overdrafts |  | (5,485) |  |  | (3,890) |  |  | (3,065) |
Interest expense from bonds |  | (162,258) |  |  | (106,871) |  |  | (108,387) |
Interest expense from loans |  | (84,821) |  |  | (55,926) |  |  | (2,098) |
Reversal of capitalized interest expenses |  | 67,126 |  | 43,331 |  | 24,708
Financial expenses for restoration and rehabilitation provisions |  | 2,103 |  | 2,368 |  |  | 9,357
Interest on lease agreement |  | (2,820) |  |  | (2,038) |  |  | (1,226) |
Loss on debt redemption and extinguishment |  | (982) |  |  | — |  |  | — |
Other finance costs |  | (10,407) |  |  | (15,376) |  |  | (5,940) |
Total |  | (197,544) |  |  | (138,402) |  |  | (86,651) |
Schedule of finance income |
Finance income |  | For the period from January to December of the year
| 2024 |  | 2023 |  | 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Interest from term deposits |  | 67,407 |  |  | 81,981 |  |  | 31,122 |
Interest from marketable securities |  | 11,193 |  |  | 31,920 |  |  | 10,252 |
Interest from maintenance of minimum bank balance in current account |  | 3,246 |  |  | 12 |  |  | 6 |
Other finance income |  | 21,086 |  |  | 4,614 |  |  | 3,318 |
Other finance interests |  | 710 |  |  | 4,199 |  |  | 2,340 |
Total |  | 103,642 |  |  | 122,726 |  |  | 47,038 |

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