Tianqi Lithium Expects 2026 YTD Net Profit to Surge Over 30-Fold on Strong Lithium Prices and Higher SQM Contribution

Bulletin Express10-20

According to a positive profit alert released by Tianqi Lithium, net profit attributable to shareholders for the nine months ended 30 September 2026 is projected at RMB5.10 billion–RMB6.00 billion, a rise of approximately 2,734.97%–3,235.26% versus RMB179.90 million in the prior-year period.

\n\nAfter stripping out non-recurring items, underlying net profit is estimated at RMB5.03 billion–RMB5.93 billion, up 6,957.09%–8,219.79% from RMB71.28 million a year earlier. Basic earnings per share are expected to reach RMB3.00–RMB3.53, compared with RMB0.11 in the comparable period of 2025.

\n\nManagement attributes the sharp earnings acceleration to two primary factors:

1. A significant revenue increase driven by robust downstream demand from the new-energy sector, which lifted average selling prices across the company’s key lithium products.

2. Substantially higher investment income from Tianqi Lithium’s associate, Sociedad Química y Minera de Chile S.A. (SQM). The company estimated SQM’s contribution using Bloomberg’s third-quarter 2026 EPS forecasts and SQM’s reported first-half results, leading to a notable year-on-year gain.

\n\nThe figures disclosed are preliminary and unaudited. Final results will be published in Tianqi Lithium’s third-quarter 2026 report. The company cautioned that SQM’s actual earnings, once publicly released, may lead to subsequent adjustments in reported investment income.

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