Tianqi Lithium Corporation has forecasted a net profit attributable to shareholders of 369 million to 553 million yuan for 2025, marking a return to profitability compared to the previous year. The company is concurrently advancing an H-share placement financing plan and the disposal of equity in affiliated companies to optimize asset liquidity.
On January 30, 2026, the company disclosed its performance forecast, anticipating a net profit attributable to shareholders ranging from 369 million to 553 million yuan for 2025, signaling a year-on-year shift from loss to profit. The official annual report is scheduled for release in the near term. This improvement in performance is primarily attributed to optimized lithium ore pricing cycles and increased investment returns from SQM.
In a recent development, Chile's Supreme Court issued a final ruling on January 27, 2026, dismissing Tianqi Lithium's appeal. The collaboration between SQM and Chile's state-owned copper company, Codelco, will undergo a change in control starting in 2031. This ruling may have long-term implications for the investment returns and asset impairment risks for Tianqi Lithium, which is the second-largest shareholder of SQM.
On February 3, 2026, the company announced plans to place H-shares at HK$45.05 per share and issue 2.6 billion yuan in zero-coupon convertible bonds, aiming to raise a total net amount of approximately HK$5.829 billion. The proceeds are intended for lithium resource acquisitions, project development, and working capital supplementation.
On February 4, 2026, the company stated its intention to opportunistically divest part of its equity holdings in CALB and SQM to enhance asset liquidity. This initiative is being pursued in parallel with the financing plan. Additionally, the company continues to invest in new lithium battery technologies, such as all-solid-state battery materials, and participates in industry conferences.