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Disclosures on equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Miscellaneous equity [abstract] |
Schedule of controls capital management | The Company’s management controls capital management based on the following ratios:
Capital Management |  | As of December 31, 2024 |  | As of December 31, 2023 |  | Description (1) |  | Calculation (1)
Net Financial Debt (ThUS$) |  | 2,303,673 |  |  | 2,086,717 |  |  | Financial Debt – Financial Resources |  | Other current Financial Liabilities + Other Non-Current Financial Liabilities– Cash and Cash Equivalents – Other Current Financial Assets – Hedging Assets, non-current
Liquidity |  | 2.51 |  |  | 2.33 |  |  | Current Assets divided by Current Liabilities |  | Total Current Assets / Total Current Liabilities
ROE |  | -13.31 % |  | 20.78 % |  | Net income the year divided by Total Equity |  | Net income the year / Equity
Adjusted EBITDA (ThUS$) |  | 1,483,571 |  |  | 3,180,071 |  |  | Adjusted EBITDA |  | EBITDA – Other income – Other gains (losses) - Share of Profit of associates and joint ventures accounted for using the equity method + Other expenses by function + Net impairment gains on reversal (losses) of financial assets – Finance income – Currency differences.
EBITDA (ThUS$) |  | 1,514,382 |  |  | 3,226,202 |  |  | EBITDA |  | Net income + Depreciation and Amortization Expense adjustments + Finance Costs + Income Tax
ROA |  | 13.60 % |  | 35.90 % |  | Adjusted EBITDA – Depreciation divided by Total Assets net of financial resources less related parties’ investments |  | (Gross Profit – Administrative Expenses)/ (Total Assets – Cash and Cash Equivalents – Other Current Financial Assets – Other Non-Current Financial Assets – Equity accounted Investments) (LTM)
Indebtedness |  | 0.44 |  |  | 0.47 |  |  | Net Financial Debt on Equity |  | Net Financial Debt / Total Equity
Schedule of financial restrictions | The financial restrictions with respect to the bonds issued by the Company for the periods ended December 31, 2024 and 2023 are as follows.
As of December 31, 2024 |  | Financial restrictions
| Financial restrictions |  | Financial restrictions |  | Financial restrictions |  | Financial restrictions
Instrument with restriction |  | Bonds |  | Bonds |  | Bonds |  | Bank loans
Reporting party or subsidiary restriction |  |  |  |  |  |  |  |
Creditor |  | Bondholders |  | Bondholders |  | Bondholders |  | Scotiabank
Registration number |  | H |  | Q |  | O |  | PB 70M
Name of financial indicator or ratio (See definition in Note 19.1) |  | NFD/Equity |  | NFD/Equity |  | NFD/Equity |  | NFD/Equity
Measurement frequency |  | Quarterly |  | Quarterly |  | Quarterly |  | Quarterly
Restriction (Range, value and unit of measure) |  | Must be less than |  | Must be less than |  | Must be less than |  | Must be less than
| 1.00 |  | 1.00 |  | 1.00 |  | 1.00
Indicator or ratio determined by the company |  | 0.44 |  | 0.44 |  | 0.44 |  | 0.44
Fulfilled YES/NO |  | yes |  | yes |  | yes |  | yes
As of December 31, 2023 |  | Financial restrictions
| Financial restrictions |  | Financial restrictions |  | Financial restrictions |  | Financial restrictions
Instrument with restriction |  | Bonds |  | Bonds |  | Bonds |  | Bank loans
Reporting party or subsidiary restriction |  |  |  |  |  |  |  |
Creditor |  | Bondholders |  | Bondholders |  | Bondholders |  | Scotiabank
Registration number |  | H |  | Q |  | O |  | PB 70M
Name of financial indicator or ratio (See definition in Note 19.1) |  | NFD/Equity |  | NFD/Equity |  | NFD/Equity |  | NFD/Equity
Measurement frequency |  | Quarterly |  | Quarterly |  | Quarterly |  | Quarterly
Restriction (Range, value and unit of measure) |  | Must be less than |  | Must be less than |  | Must be less than |  | Must be less than
| 1.00 |  | 1.00 |  | 1.00 |  | 1.00
Indicator or ratio determined by the company |  | 0.47 |  | 0.47 |  | 0.47 |  | 0.47
Fulfilled YES/NO |  | yes |  | yes |  | yes |  | yes
Schedule of share issues | Detail of capital classes in shares:
Type of capital in preferred shares |  | As of December 31, 2024 |  | As of December 31, 2023 |  | As of December 31, 2022
| Series A |  | Series B |  | Series A |  | Series B |  | Series A |  | Series B
Description of type of capital in shares |  |  |  |  |  |  |  |  |  |  |  |
Number of authorized shares |  | 142,818,904 |  | 142,818,904 |  | 142,819,552 |  | 142,818,904 |  | 142,819,552 |  | 142,818,904
Number of fully subscribed and paid shares |  | 142,818,904 |  | 142,818,904 |  | 142,819,552 |  | 142,818,904 |  | 142,819,552 |  | 142,818,904
Number of subscribed, partially paid shares |  | — |  | — |  | — |  | — |  | — |  | —
Increase (decrease) in the number of current shares |  | — |  | — |  | — |  | — |  | — |  | —
Number of outstanding shares |  | 142,818,904 |  | 142,818,904 |  | 142,818,904 |  | 142,818,904 |  | 142,818,904 |  | 142,818,904
Number of shares owned by the Company or its subsidiaries or associates |  | — |  | — |  | 648 |  | — |  | 648 |  | —
Number of shares whose issuance is reserved due to the existence of options or agreements to dispose shares |  | — |  | — |  | — |  | — |  | — |  | —
Capital amount in shares ThUS$ |  | 134,730 |  |  | 1,442,893 |  |  | 134,750 |  |  | 1,442,893 |  |  | 134,750 |  |  | 1,442,893 |
Total number of subscribed shares |  | 142,818,904 |  | 142,818,904 |  | 142,819,552 |  | 142,818,904 |  | 142,819,552 |  | 142,818,904
As of December 31, 2024, 2023 and 2022, this caption comprises the following:
Disclosure of reserves within shareholders' equity |  | As of December 31, 2024 |  | As of December 31, 2023 |  | As of December 31, 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Reserve for currency exchange conversion (1) |  | (38,024) |  |  | (4,921) |  |  | (8,042) |
Reserve for cash flow hedges (2) |  | 7,314 |  |  | (930) |  |  | (14,575) |
Reserve for gains and losses from financial assets measured at fair value through other comprehensive income (3) |  | (5,702) |  |  | 122,294 |  |  | (10,973) |
Reserve for actuarial gains or losses in defined benefit plans (4) |  | (11,179) |  |  | (13,454) |  |  | (9,198) |
Other reserves |  | 10,175 |  |  | 11,881 |  |  | 11,663 |
Total |  | (37,416) |  |  | 114,870 |  |  | (31,125) |
________________________________________________ (1)This balance reflects retained earnings for changes in the exchange rate when converting the financial statements of subsidiaries whose functional currency is different from the US dollar. (2)The Company maintains, as hedge instruments, financial derivatives related to obligations with the public issued in UF and Chilean pesos, Changes from the fair value of derivatives designated and classified as hedges are recognized under this classification. (3)Reserve related to the fair value variation of equity financial instruments. (4)This caption reflects the effects of changes in actuarial assumptions, mainly changes in the discount rate.
Schedule of movement in other reserves | Movements in other reserves and changes in interest were as follows:
Movements |  | Foreign currency translation difference (1) |  | Reserve for cash flow hedges |  | Reserve for actuarial gains and losses from defined benefit plans |  | Reserve for gains (losses) from financial assets measured at fair value through other comprehensive income |  | Other reserves |  | Total reserves
| Before taxes |  | Before taxes |  | Deferred taxes |  | Before taxes |  | Deferred taxes |  | Before Taxes |  | Deferred taxes |  | Before taxes |  | Reserves |  | Deferred taxes |  | Total reserves
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Opening balance as of January 1, 2022 |  | (7,913) |  |  | (46,589) |  |  | 12,564 |  |  | (5,879) |  |  | 1,705 |  |  | (15,271) |  |  | 4,125 |  |  | 13,103 |  |  | (62,549) |  |  | 18,394 |  |  | (44,155) |
Movement of reserves |  | (129) |  |  | 36,079 |  |  | — |  |  | (6,276) |  |  | — |  |  | 190 |  |  | — |  |  | (985) |  |  | 28,879 |  |  | — |  |  | 28,879 |
Impact to Income statement |  | — |  |  | (9,457) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (455) |  |  | (9,912) |  |  | — |  |  | (9,912) |
Income taxes |  | — |  |  | — |  |  | (7,172) |  |  | — |  |  | 1,252 |  |  | — |  |  | (17) |  |  | — |  |  | — |  |  | (5,937) |  |  | (5,937) |
Reclassification to retained earnings |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Closing balance as of December 31, 2022 |  | (8,042) |  |  | (19,967) |  |  | 5,392 |  |  | (12,155) |  |  | 2,957 |  |  | (15,081) |  |  | 4,108 |  |  | 11,663 |  |  | (43,582) |  |  | 12,457 |  |  | (31,125) |
Movement of reserves |  | 3,121 |  |  | 126 |  |  | — |  |  | (5,836) |  |  | — |  |  | 190,509 |  |  | — |  |  | 218 |  |  | 188,138 |  |  | — |  |  | 188,138 |
Impact to Income statement |  | — |  |  | 18,566 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18,566 |  |  | — |  |  | 18,566 |
Income taxes |  | — |  |  | — |  |  | (5,047) |  |  | — |  |  | 1,580 |  |  | — |  |  | (57,242) |  |  | — |  |  | — |  |  | (60,709) |  |  | (60,709) |
Closing balance as of December 31, 2023 |  | (4,921) |  |  | (1,275) |  |  | 345 |  |  | (17,991) |  |  | 4,537 |  |  | 175,428 |  |  | (53,134) |  |  | 11,881 |  |  | 163,122 |  |  | (48,252) |  |  | 114,870 |
Movement of reserves |  | (33,103) |  |  | 2,520 |  |  | — |  |  | 3,137 |  |  | — |  |  | (183,289) |  |  | — |  |  | (1,706) |  |  | (212,441) |  |  | — |  |  | (212,441) |
Impact to Income statement |  | — |  |  | 8,773 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,773 |  |  | — |  |  | 8,773 |
Income taxes |  | — |  |  | — |  |  | (3,049) |  |  | — |  |  | (862) |  |  | — |  |  | 55,293 |  |  | — |  |  | — |  |  | 51,382 |  |  | 51,382 |
Closing balance as of December 31, 2024 |  | (38,024) |  |  | 10,018 |  |  | (2,704) |  |  | (14,854) |  |  | 3,675 |  |  | (7,861) |  |  | 2,159 |  |  | 10,175 |  |  | (40,546) |  |  | 3,130 |  |  | (37,416) |
________________________________________________ (1)See details on reserves for foreign currency translation differences on conversion in Note 23, letter a).
Schedule of legal reserves reported in the individual financial statements of the subsidiaries |
Subsidiary – Associate |  | As of December 31, 2024 |  | As of December 31, 2023 |  | As of December 31, 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Iberian S.A. |  | 9,464 |  |  | 9,464 |  |  | 9,464 |
SQM Europe NV |  | 354 |  |  | 1,957 |  |  | 1,957 |
Soquimich European holding B.V. |  | 828 |  |  | 828 |  |  | 828 |
Soquimich Comercial S.A. |  | (393) |  |  | (393) |  |  | (401) |
SQM Australia Pty Ltd |  | 87 |  |  | 94 |  |  | — |
SQM Iberian S.A. |  | (1,677) |  |  | (1,677) |  |  | (1,677) |
Orcoma Estudios SpA |  | 2,121 |  |  | 2,121 |  |  | 2,121 |
Pavoni & C. SpA |  | 7 |  |  | 7 |  |  | 7 |
SQM Vitas Fzco. |  | 85 |  |  | 85 |  |  | 85 |
SAS Adionics |  | — |  |  | 116 |  |  | — |
Others |  | (701) |  |  | (721) |  |  | (721) |
Total Other reserves |  | 10,175 |  |  | 11,881 |  |  | 11,663 |
Schedule of noncontrolling interests |
Subsidiary |  | % of interests in the ownership held by non- controlling interests |  | Net income attributable to non-controlling interests for the year ended |  | Equity, non-controlling interests for the year ended |  | Dividends paid to non-controlling interests for the year ended
|  | As of December 31, 2024 |  | As of December 31, 2023 |  | As of December 31, 2024 |  | As of December 31, 2023 |  | As of December 31, 2024 |  | As of December 31, 2023
|  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Potasio S.A. |  | 0.0000001% |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ajay SQM Chile S.A. |  | 49.00000% |  | 3,261 |  |  | 3,238 |  |  | 10,611 |  |  | 9,795 |  |  | 2,446 |  |  | 2,429 |
Soquimich Comercial S.A. |  | 39.36168% |  | 3,463 |  |  | 3,838 |  |  | 26,637 |  |  | 26,435 |  |  | 3,463 |  |  | 3,837 |
Comercial Agrorama Ltda. |  | 30.00000% |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
SQM Indonesia S.A. |  | 20.00000% |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
SQM Thailand Limited |  | 0.00200% |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  |  |  | 6,724 |  |  | 7,076 |  |  | 37,248 |  |  | 36,230 |  |  | 5,909 |  |  | 6,266 |
Schedule of dividends | Dividends discounted from equity from January to December 2024 and 2023 were the following:
Dividends |  | As of December 31, 2024 |  | As of December 31, 2023 |  | As of December 31, 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$
Interim dividend |  | — |  | 542,847 |  | 2,204,229
Final dividend |  | — |  | 920,819 |  | —
Dividend according to policy |  | — |  | 60,953 |  | —
Owners of the Parent |  | — |  | 1,524,619 |  | 2,204,229
Dividend eventual |  | — |  | — |  | —
Dividends according to policy |  | 5,909 |  | 6,266 |  | 7,369
Non-controlling interests |  | 5,909 |  | 6,266 |  | 7,369
Dividends discounted from equity for the period |  | 5,909 |  | 1,530,885 |  | 2,211,598

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