Tianqi Lithium Ratios and Metrics

Market cap in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 9, 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
Market Capitalization	98,046	89,231	52,395	88,736	124,636	158,050
Market Cap Growth	91.47%	70.30%	-40.96%	-28.80%	-21.14%	172.47%
Enterprise Value	117,193	107,545	67,184	90,672	130,958	182,146
Last Close Price	59.64	55.38	33.00	53.69	72.81	98.63
PE Ratio	213.00	192.88	-	12.16	5.17	76.03
Forward PE	19.79	47.92	47.61	19.54	6.19	89.20
PS Ratio	9.48	8.62	4.01	2.19	3.08	20.62
PB Ratio	1.89	1.72	1.07	1.64	2.35	8.71
P/TBV Ratio	2.64	2.40	1.41	1.88	2.80	17.09
P/FCF Ratio	-	-	50.88	4.86	6.71	145.56
P/OCF Ratio	33.12	30.14	9.43	3.91	6.14	75.46
EV/Sales Ratio	11.33	10.39	5.14	2.24	3.24	23.77
EV/EBITDA Ratio	25.95	24.93	12.34	2.68	3.83	39.70
EV/EBIT Ratio	37.92	34.80	14.88	2.74	3.90	43.59
EV/FCF Ratio	-182.28	-	65.24	4.97	7.05	167.76
Debt / Equity Ratio	0.30	0.30	0.30	0.22	0.16	1.20
Debt / EBITDA Ratio	3.39	3.39	2.64	0.35	0.25	4.70
Debt / FCF Ratio	-	-	14.49	0.64	0.47	20.09
Net Debt / Equity Ratio	0.19	0.19	0.17	0.04	-0.07	1.09
Net Debt / EBITDA Ratio	2.23	2.23	1.56	0.06	-0.11	4.32
Net Debt / FCF Ratio	-14.96	-14.96	8.26	0.12	-0.20	18.26
Asset Turnover	0.15	0.15	0.18	0.56	0.70	0.18
Inventory Turnover	2.80	2.80	2.85	2.58	4.00	3.41
Quick Ratio	1.83	1.83	1.78	2.18	3.12	0.40
Current Ratio	2.78	2.78	2.55	2.95	3.44	0.47
Return on Equity (ROE)	5.94%	5.94%	-0.06%	47.83%	87.36%	20.25%
Return on Assets (ROA)	2.74%	2.74%	3.98%	28.67%	36.54%	6.06%
Return on Invested Capital (ROIC)	3.82%	3.92%	-0.18%	44.22%	60.05%	7.27%
Return on Capital Employed (ROCE)	4.60%	4.60%	7.10%	49.60%	53.10%	13.70%
Earnings Yield	0.47%	0.52%	-15.09%	8.22%	19.36%	1.31%
FCF Yield	-0.66%	-0.72%	1.97%	20.56%	14.91%	0.69%
Dividend Yield	-	-	-	2.51%	4.12%	-
Payout Ratio	162.56%	162.56%	-	76.42%	5.06%	56.04%
Buyback Yield / Dilution	-0.75%	-0.75%	-0.01%	-5.50%	-5.43%	0.30%
Total Shareholder Return	-0.75%	-0.75%	-0.01%	-2.98%	-1.31%	0.30%

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