Tianqi Lithium Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	10,387	13,055	40,493	40,447	7,662	3,238
Other Revenue	8.61	8.61	10.05	1.45	1.58	1.55
Revenue	10,396	13,063	40,503	40,449	7,663	3,239
Revenue Growth (YoY)	-39.45%	-67.75%	0.14%	427.82%	136.56%	-33.08%
Cost of Revenue	7,145	7,762	6,824	6,025	2,937	1,916
Gross Profit	3,251	5,302	33,680	34,424	4,726	1,324
Selling, General & Admin	594.76	634.71	616.51	393.64	450.51	403.4
Research & Development	44.32	43.62	30.37	26.7	18.83	24.27
Other Operating Expenses	-49.29	54.99	77.98	290.4	70.89	27.03
Operating Expenses	637.34	788.81	643.63	805.91	548.14	449.88
Operating Income	2,613	4,513	33,036	33,618	4,178	873.98
Interest Expense	-606.28	-600.53	-550.1	-1,083	-1,468	-1,820
Interest & Investment Income	530.73	265.03	3,466	7,897	1,465	154.89
Currency Exchange Gain (Loss)	-547.72	-547.72	188.18	377.34	-244.54	496.93
Other Non Operating Income (Expenses)	394.47	-11.45	-12.04	-23.12	-23.75	-14.68
EBT Excluding Unusual Items	2,385	3,618	36,128	40,787	3,906	-308.98
Gain (Loss) on Sale of Investments	86.65	-834.62	-0.28	-900.85	77.02	-681.87
Gain (Loss) on Sale of Assets	-0.89	-	8.03	-	-0.25	-15.95
Asset Writedown	-1,319	-1,523	-3.01	-1.22	-19.65	-75.26
Legal Settlements	-9.52	-9.52	-9.86	-6.87	-1.3	-2.17
Other Unusual Items	31.58	40.25	157.95	23.02	1.54	30.1
Pretax Income	1,174	1,292	36,281	39,901	3,964	-1,054
Income Tax Expense	751.63	1,321	10,618	8,793	1,374	73.24
Earnings From Continuing Operations	422.07	-29.24	25,663	31,108	2,590	-1,127
Minority Interest in Earnings	-2,445	-7,875	-18,366	-6,984	-511.17	-706.39
Net Income	-2,023	-7,905	7,297	24,125	2,079	-1,834
Net Income to Common	-2,023	-7,905	7,297	24,125	2,079	-1,834
Net Income Growth	-	-	-69.75%	1060.47%	-	-
Shares Outstanding (Basic)	1,638	1,640	1,640	1,554	1,474	1,479
Shares Outstanding (Diluted)	1,638	1,640	1,640	1,554	1,474	1,479
Shares Change (YoY)	0.07%	0.01%	5.50%	5.43%	-0.30%	29.51%
EPS (Basic)	-1.24	-4.82	4.45	15.52	1.41	-1.24
EPS (Diluted)	-1.24	-4.82	4.45	15.52	1.41	-1.24
EPS Growth	-	-	-71.33%	1000.71%	-	-
Free Cash Flow	212.18	1,030	18,245	18,582	1,086	-266.43
Free Cash Flow Per Share	0.13	0.63	11.13	11.95	0.74	-0.18
Dividend Per Share	-	-	1.350	3.000	-	-
Dividend Growth	-	-	-55.00%	-	-	-
Gross Margin	31.27%	40.59%	83.15%	85.11%	61.68%	40.87%
Operating Margin	25.14%	34.55%	81.56%	83.11%	54.52%	26.98%
Profit Margin	-19.46%	-60.51%	18.02%	59.64%	27.13%	-56.61%
Free Cash Flow Margin	2.04%	7.88%	45.05%	45.94%	14.17%	-8.22%
EBITDA	3,669	5,437	33,783	34,208	4,588	1,217
EBITDA Margin	35.30%	41.62%	83.41%	84.57%	59.87%	37.56%
D&A For EBITDA	1,056	923.6	747.18	589.32	409.8	342.8
EBIT	2,613	4,513	33,036	33,618	4,178	873.98
EBIT Margin	25.14%	34.55%	81.56%	83.11%	54.52%	26.98%
Effective Tax Rate	64.04%	102.26%	29.27%	22.04%	34.66%	-
Revenue as Reported	10,396	13,063	40,503	40,449	7,663	3,239
Advertising Expenses	-	-	-	-	0.63	3.29

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.