Tianqi Lithium Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Cash & Equivalents	4,382	5,767	9,589	12,461	1,987
Short-Term Investments	150	-	-	-	-
Trading Asset Securities	1,180	655.08	14.82	-	4.1
Cash & Short-Term Investments	5,712	6,422	9,603	12,461	1,991
Cash Growth	-11.05%	-33.12%	-22.93%	525.81%	100.29%
Accounts Receivable	1,702	2,268	4,463	10,489	3,111
Other Receivables	416.68	288.3	481.72	605.03	422.68
Receivables	2,118	2,556	4,944	11,094	3,533
Inventory	2,406	2,289	3,151	2,144	871.76
Prepaid Expenses	3.04	11.73	217.16	-	-
Other Current Assets	1,642	1,571	1,714	291.3	74.18
Total Current Assets	11,882	12,850	19,629	25,990	6,470
Property, Plant & Equipment	21,763	18,708	17,637	12,083	10,683
Long-Term Investments	29,070	28,980	28,457	27,535	23,287
Goodwill	416.1	416.1	416.1	416.1	416.1
Other Intangible Assets	4,836	4,299	3,840	3,579	3,096
Long-Term Deferred Tax Assets	3,501	3,255	3,171	1,162	115.57
Long-Term Deferred Charges	20.47	13.63	16.21	3.86	4.52
Other Long-Term Assets	620.33	154.46	62	76.76	92.88
Total Assets	72,110	68,678	73,228	70,846	44,165
Accounts Payable	1,436	1,601	2,520	2,711	1,033
Accrued Expenses	274.44	246.61	235.39	643.46	282.5
Short-Term Debt	1,299	1,619	337.37	98.92	3,347
Current Portion of Long-Term Debt	689.73	935.33	598.89	28.41	7,589
Current Portion of Leases	188.45	164.44	153.86	46.04	48.94
Current Income Taxes Payable	117.62	203.1	2,361	3,472	686.87
Current Unearned Revenue	13.73	11.99	37.45	351.23	164.48
Other Current Liabilities	250.62	260.31	415.44	203.14	608.08
Total Current Liabilities	4,270	5,041	6,660	7,555	13,760
Long-Term Debt	12,216	11,203	9,545	8,263	10,628
Long-Term Leases	935.88	1,002	1,122	268.24	200.44
Long-Term Unearned Revenue	71.73	56.08	56.34	59.45	72.57
Pension & Post-Retirement Benefits	58.35	54.24	57.34	43.1	33.08
Long-Term Deferred Tax Liabilities	2,116	1,517	1,227	1,330	978.52
Other Long-Term Liabilities	550.57	621.48	323.98	259.91	340.5
Total Liabilities	20,218	19,496	18,992	17,779	26,014
Common Stock	1,641	1,641	1,641	1,641	1,477
Additional Paid-In Capital	23,628	23,769	23,737	23,297	12,289
Retained Earnings	16,610	16,125	26,245	23,870	-255.21
Treasury Stock	-25.82	-199.99	-199.99	-199.99	-
Comprehensive Income & Other	508.76	556.59	96.75	-113.43	-749.14
Total Common Equity	42,362	41,893	51,520	48,494	12,761
Minority Interest	9,530	7,290	2,717	4,574	5,390
Shareholders' Equity	51,892	49,182	54,237	53,068	18,152
Total Liabilities & Equity	72,110	68,678	73,228	70,846	44,165
Total Debt	15,329	14,923	11,757	8,705	21,814
Net Cash (Debt)	-9,617	-8,501	-2,154	3,756	-19,822
Net Cash Per Share	-5.82	-5.18	-1.31	2.42	-13.44
Filing Date Shares Outstanding	1,703	1,639	1,639	1,639	1,477
Total Common Shares Outstanding	1,703	1,639	1,639	1,639	1,477
Working Capital	7,613	7,809	12,969	18,435	-7,290
Book Value Per Share	24.88	25.55	31.43	29.58	8.64
Tangible Book Value	37,110	37,177	47,264	44,499	9,250
Tangible Book Value Per Share	21.80	22.68	28.83	27.14	6.26
Land	124.93	129.43	75.65	66.07	62.99
Buildings	7,413	7,119	4,510	3,331	1,902
Machinery	9,041	8,661	7,283	6,915	3,797
Construction In Progress	8,587	5,137	7,287	3,669	6,403

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.