Tianqi Lithium Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	12,872	10,328	13,055	40,493	40,447	7,662
Other Revenue	18.36	18.36	8.61	10.05	1.45	1.58
Revenue	12,890	10,346	13,063	40,503	40,449	7,663
Revenue Growth (YoY)	-1.32%	-20.80%	-67.75%	0.14%	427.82%	136.56%
Cost of Revenue	7,039	6,563	7,762	6,824	6,025	2,937
Gross Profit	5,851	3,783	5,302	33,680	34,424	4,726
Selling, General & Admin	549.22	594.49	634.71	616.51	393.64	450.51
Research & Development	51.64	47.59	43.62	30.37	26.7	18.83
Other Operating Expenses	67.85	33.9	52.62	74.82	290.4	70.89
Operating Expenses	710.52	692.65	786.44	640.47	805.91	548.14
Operating Income	5,140	3,090	4,516	33,039	33,618	4,178
Interest Expense	-577.1	-622.01	-600.53	-550.1	-1,083	-1,468
Interest & Investment Income	1,051	745.52	265.03	3,466	7,897	1,465
Currency Exchange Gain (Loss)	662.69	662.69	-547.72	188.18	377.34	-244.54
Other Non Operating Income (Expenses)	158.13	-9.16	-11.45	-12.04	-23.12	-23.75
EBT Excluding Unusual Items	6,435	3,867	3,621	36,132	40,787	3,906
Gain (Loss) on Sale of Investments	-45.3	8.67	-834.62	-0.28	-900.85	77.02
Gain (Loss) on Sale of Assets	4.58	1.72	-	8.03	-	-0.25
Asset Writedown	110.54	-24.44	-1,523	-3.01	-1.22	-19.65
Legal Settlements	-15	-15	-9.52	-9.86	-6.87	-1.3
Other Unusual Items	131.11	131.11	37.89	154.79	23.02	1.54
Pretax Income	6,621	3,969	1,292	36,281	39,901	3,964
Income Tax Expense	1,559	966.78	1,321	10,618	8,793	1,374
Earnings From Continuing Operations	5,061	3,003	-29.24	25,663	31,108	2,590
Minority Interest in Earnings	-2,827	-2,540	-7,875	-18,366	-6,984	-511.17
Net Income	2,234	462.63	-7,905	7,297	24,125	2,079
Net Income to Common	2,234	462.63	-7,905	7,297	24,125	2,079
Net Income Growth	-	-	-	-69.75%	1060.47%	-
Shares Outstanding (Basic)	1,637	1,652	1,640	1,640	1,554	1,474
Shares Outstanding (Diluted)	1,644	1,652	1,640	1,640	1,554	1,474
Shares Change (YoY)	-1.26%	0.75%	0.01%	5.50%	5.43%	-0.30%
EPS (Basic)	1.37	0.28	-4.82	4.45	15.52	1.41
EPS (Diluted)	1.36	0.28	-4.82	4.45	15.52	1.41
EPS Growth	-	-	-	-71.33%	1000.71%	-
Free Cash Flow	-1,070	-642.91	1,030	18,245	18,582	1,086
Free Cash Flow Per Share	-0.65	-0.39	0.63	11.13	11.95	0.74
Dividend Per Share	-	-	-	1.350	3.000	-
Dividend Growth	-	-	-	-55.00%	-	-
Gross Margin	45.39%	36.56%	40.59%	83.15%	85.11%	61.68%
Operating Margin	39.88%	29.87%	34.57%	81.57%	83.11%	54.52%
Profit Margin	17.33%	4.47%	-60.51%	18.02%	59.64%	27.13%
Free Cash Flow Margin	-8.30%	-6.21%	7.88%	45.05%	45.94%	14.17%
EBITDA	6,436	4,313	5,445	33,786	34,208	4,588
EBITDA Margin	49.93%	41.69%	41.68%	83.42%	84.57%	59.87%
D&A For EBITDA	1,296	1,223	929.84	747.18	589.32	409.8
EBIT	5,140	3,090	4,516	33,039	33,618	4,178
EBIT Margin	39.88%	29.87%	34.57%	81.57%	83.11%	54.52%
Effective Tax Rate	23.55%	24.36%	102.26%	29.27%	22.04%	34.66%
Revenue as Reported	12,890	10,346	13,063	40,503	40,449	7,663
Advertising Expenses	-	-	-	-	-	0.63

Source: S&P Global Market Intelligence. Standard template. Financial Sources.