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Equity-accounted investees | 12 Months Ended
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Dec. 31, 2024
Equity-Accounted Investees |
Equity-accounted investees | Equity-accounted investees 7.1 Investments in associates recognized according to the equity method of accounting
|  | Equity-accounted investees |  | Share in income of associates accounted for using the equity method |  | Share in other comprehensive income of associates accounted for using the equity method |  | Share in total comprehensive income of associates accounted for using the equity method
Associate |  | As of December 31, 2024 |  | As of December 31, 2023 |  |  | For the year ended December 31, 2024 |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2024 |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2024 |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022
|  | ThUS$ |  | ThUS$ |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Ajay North America |  | 17,470 |  |  | 17,657 |  |  |  | 5,721 |  |  | 3,733 |  |  | 5,351 |  |  | — |  |  | — |  |  | — |  |  | 5,721 |  |  | 3,733 |  |  | 5,351 |
Ajay Europe SARL |  | 6,403 |  |  | 7,722 |  |  |  | 3,387 |  |  | 4,013 |  |  | 6,130 |  |  | (643) |  |  | 382 |  |  | (498) |  |  | 2,744 |  |  | 4,395 |  |  | 5,632 |
SAS Adionics (1) |  | — |  |  | 19,514 |  |  |  | (763) |  |  | (985) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (763) |  |  | (985) |  |  | — |
Electric Era Technologies Inc. (1) |  | — |  |  | 3,000 |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Altilium Metals Ltd. (1) |  | — |  |  | 7,620 |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 23,873 |  |  | 55,513 |  |  |  | 8,345 |  |  | 6,761 |  |  | 11,481 |  |  | (643) |  |  | 382 |  |  | (498) |  |  | 7,702 |  |  | 7,143 |  |  | 10,983 |
(1) These investments were reclassified to other non-current financial assets. For further detail see disclosure in note 7.3 a).
|  |  |  |  |  |  |  |  |  | Dividends received for the year ending
Associate |  | Description of the nature of the relationship |  | Address |  | Country of incorporation |  | Share of ownership in associates |  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
|  |  |  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$
Abu Dhabi Fertilizer Industries WWL |  | Distribution and commercialization of specialty plant nutrients in the Middle East. |  | PO Box 71871, Abu Dhabi |  | United Arab Emirates |  | 37 | % |  | — |  |  | 633 |  |  | 3,000 |
Ajay North America |  | Production and distribution of iodine and iodine derivatives. |  | 1400 Industry RD Power Springs GA 30129 |  | United States of North America |  | 49 | % |  | 2,799 |  |  | 4,013 |  |  | 1,576 |
Ajay Europe SARL |  | Production and distribution of iodine and iodine derivatives. |  | Z.I. du Grand Verger BP 227 53602 Evron Cedex |  | France |  | 50 | % |  | 3,049 |  |  | 4,682 |  |  | 1,778 |
SAS Adionics |  | Lithium extraction, salt separation, water treatment for production and lithium cleaning. |  | 17 bis Avenue des Andes Les Ulis, 91940 |  | France |  | 20 | % |  | — |  |  | — |  |  | — |
Electric Era Technologies, Inc. |  | Electric vehicle charging infrastructure, smart grid, renewable technology, demand management, battery storage. |  | 3257 17th Ave W Suite 101 Seattle, Washington 98119. |  | United States of America |  | 6.82 | % |  | — |  |  | — |  |  | — |
Altilium Metals Ltd. |  | Production of battery-ready cathode materials from electric vehicle batteries. |  | Phase 2 Room 205 Davy Road, Derrifod, Plymouth. |  | United Kingdom |  | 3 | % |  | — |  |  | — |  |  | — |
Total |  |  |  |  |  |  |  |  |  | 5,848 |  |  | 9,328 |  |  | 6,354 |
7.2 Assets, liabilities, revenue and expenses of associates The information disclosed reflects the amounts presented in the financial statements of the relevant associates and not the Company's share of those amounts.
|  | As of December 31, 2024 |  | For the year ended December 31, 2024
|  | Assets |  | Liabilities |  | Revenue |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Associate |  | Current |  | Non-current |  | Current |  | Non-current |  |  |  |
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Ajay North America |  | 28,246 |  |  | 16,438 |  |  | 9,032 |  |  | — |  |  | 72,487 |  |  | 11,677 |  |  | — |  |  | 11,677 |
Ajay Europe SARL |  | 27,615 |  |  | 3,953 |  |  | 18,762 |  |  | — |  |  | 68,962 |  |  | 6,772 |  |  | (23) |  |  | 6,749 |
Total |  | 55,861 |  |  | 20,391 |  |  | 27,794 |  |  | — |  |  | 141,449 |  |  | 18,449 |  |  | (23) |  |  | 18,426 |
|  | As of December 31, 2023 |  | For the year ended December 31, 2023
|  | Assets |  | Liabilities |  | Revenue |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Associate |  | Current |  | Non-current |  | Current |  | Non-current |  |  |  |
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Ajay North America |  | 26,280 |  |  | 16,307 |  |  | 6,553 |  |  | — |  |  | 60,019 |  |  | 7,617 |  |  | — |  |  | 7,617 |
Ajay Europe SARL |  | 27,263 |  |  | 3,197 |  |  | 15,015 |  |  | — |  |  | 73,952 |  |  | 8,025 |  |  | 12 |  |  | 8,037 |
SAS Adionics |  | 19,645 |  |  | 12,294 |  |  | 5,141 |  |  | 917 |  |  | 4,156 |  |  | (4,924) |  |  | — |  |  | (4,924) |
Electric Era Technologies, Inc. |  | 15,486 |  |  | 242 |  |  | 3,702 |  |  | — |  |  | 674 |  |  | (3,177) |  |  | — |  |  | (3,177) |
Altilium Metals Ltd |  | 1,896 |  |  | 118,228 |  |  | 24,679 |  |  | — |  |  | — |  |  | (1,912) |  |  | — |  |  | (1,912) |
Total |  | 90,570 |  |  | 150,268 |  |  | 55,090 |  |  | 917 |  |  | 138,801 |  |  | 5,629 |  |  | 12 |  |  | 5,641 |
|  |  | For the year ended December 31, 2022
|  |  | Revenue |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Associate |  |  |  |  |
|  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Ajay North America |  |  | 63,482 |  |  | 10,919 |  |  | — |  |  | 10,919 |
Ajay Europe SARL |  |  | 64,060 |  |  | 12,261 |  |  | (21) |  |  | 12,240 |
Total |  |  | 127,542 |  |  | 23,180 |  |  | (21) |  |  | 23,159 |
7.3 Disclosures regarding interests in associates (a)Transactions for the year ended December 31, 2024: •During the third quarter of 2024, the Company lost significant influence over the investment of ThUS$ 18,756 in SAS Adionics and, therefore, this amount was reclassified to "Other non-current financial assets". (b)Transactions for the year ended December 31, 2023: •During the second quarter of 2023, the Company received dividends from Abu Dhabi Fertilizer Industries WWL amounting ThUS$ 633, which were presented under "Other gains (losses). •During the third quarter of 2023, the Company invested ThUS$20,383 to acquire a 20% interest in Adionics Société par actions simplifiée. •During the third quarter of 2023, the Company invested ThUS$7,620 to acquire a 3% interest in Altilium Metals Ltd., and ThUS$3,000 to acquire a 6.82% interest in Electric Era Technologies Inc. The Company has certain protective rights, specific rights over share transfers, and first refusal rights in future capital increases over these investments. The Company concluded that the Group does not have significant influence over these investments and as such these investments have been reclassified to Other non-current financial assets. (c)Transactions for the year ended December 31, 2022: •During February 2022, the Company received dividends of ThUS$ 3,000 from Abu Dhabi Fertilizer Industries WWL which triggered a income of ThUS$ 523 recorded in the line item other (losses), corresponding to the excess over the account receivable recognized in December 2021.

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- Definition The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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