Tianqi Lithium's Q3 net profit surges despite revenue dip

Tianqi Lithium Corporation announced a substantial increase in net profit for the third quarter of 2025, with net profit attributable to shareholders reaching 95,485,546.60 yuan, an 119.26% rise year-over-year. Basic and diluted earnings per share also saw a 120.00% increase to 0.06 yuan. This growth is attributed to the reduced pricing cycle for lithium ore at its subsidiary Windfield Holdings Pty Ltd and the narrowing timing mismatch between lithium concentrate and lithium chemical product pricing.

Despite the profit growth, the company's operating revenue for the quarter decreased by 29.66% to 2,564,587,551.93 yuan, primarily due to lower sales volumes and average selling prices for lithium products compared to the prior year. For the nine-month period ending September 30, 2025, cumulative net profit attributable to shareholders surged by 103.16% to 179,896,142.60 yuan, while operating revenue declined by 26.50% to 7,397,268,288.91 yuan.

In other developments, Tianqi Lithium announced the completion of its Jiangsu Zhangjiagang lithium hydroxide production base, with the facility entering trial operation on July 30, 2025, and successfully producing battery-grade lithium hydroxide on October 17, 2025. The company also confirmed an investment by its wholly-owned subsidiary, Chengdu Tianqi Lithium Co., Ltd., in a 500 million yuan equity investment partnership focused on new energy and materials.