Tianqi Lithium (002466) Q2 2026 earnings summary

Executive summary

• Achieved record revenue of ¥12.24 billion, up 153% year-over-year, driven by higher lithium product prices and sales volumes.

• Net profit attributable to shareholders surged to ¥4.24 billion, a 4,925% increase year-over-year.

• Maintained strong global market position with integrated lithium mining and chemical operations, leveraging cost advantages and resource security.

• Expanded production capacity and completed major projects, including the third phase of the Greenbushes lithium mine and new chemical plants.

Financial highlights

• Revenue: ¥12.24 billion, up 153% year-over-year.

• Net profit attributable to shareholders: ¥4.24 billion, up 4,925% year-over-year.

• Operating cash flow: ¥2.21 billion, up 21.5% year-over-year.

• Gross margin for lithium mining: 74.19%; for lithium chemicals: 57.35%.

• Basic EPS: ¥2.51; diluted EPS: ¥2.46.

• Total assets: ¥83.1 billion, up 15.25% from year-end.

• Net assets: ¥48.34 billion, up 14.12% from year-end.

Outlook and guidance

• Continues to expand lithium resource base and production capacity, with new projects in Sichuan and Australia.

• Focuses on next-generation lithium materials and battery recycling to capture future growth.

• Expects ongoing volatility in lithium prices but remains confident in long-term demand from EV and energy storage sectors.