Tianqi Lithium Corporation reported H1 2026 revenue of RMB 12.22 billion, a 153.55% year-on-year jump, driven by higher lithium prices and increased sales volumes of lithium compounds and derivatives.
\n\nGross profit climbed 311.62% to RMB 7.86 billion, lifting the gross margin to 64.34% from 39.63% a year earlier. Profit attributable to equity shareholders reached RMB 4.24 billion, up 4,788.84% versus H1 2025.
\n\nProduct mix: lithium compounds and derivatives contributed 58.09% of revenue at RMB 7.10 billion, while lithium concentrates accounted for 41.91% at RMB 5.12 billion. By geography, mainland China represented 95.86% of total revenue.
\n\nOperating cash flow rose to RMB 2.21 billion. Cash and cash equivalents stood at RMB 5.16 billion, time deposits and certificates of deposit at RMB 4.84 billion, and restricted deposits at RMB 31.91 million. Interest-bearing bank borrowings totaled RMB 13.60 billion, with 10.45% at fixed rates; the gearing ratio was 39.25%.
\n\nCapital expenditure reached RMB 1.22 billion, mainly for property, plant and equipment. Total assets were RMB 83.93 billion and net assets RMB 60.27 billion.
\n\nThe board did not declare an interim dividend. As of June 30 2026 the Group employed 3,472 staff and had an effective employee stock ownership plan and restricted share incentive schemes in place.
\n\nNo significant acquisitions or disposals occurred during the period, and management highlighted ongoing projects at the Greenbushes and Cuola spodumene mines, continued ramp-up at the Kwinana lithium hydroxide plant, and active monitoring of potential tax exposure related to the 2021 IGO transaction.
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