Tianqi Lithium Corporation

9696.HK

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

1,698

Cost of Revenue

1,009

Gross Profit

689

Gross Margin

40.6%

Operating Income

186

Operating Margin

11.0%

Net Income

-1,028

Net Margin

-60.5%

EPS (Basic)

$-1.00

EPS (Diluted)

$-1.00

EBITDA

707

EBITDA Margin

41.6%

2023

12/31/2023

Revenue

5,258

Cost of Revenue

793

Gross Profit

4,465

Gross Margin

84.9%

Operating Income

4,380

Operating Margin

83.3%

Net Income

946

Net Margin

18.0%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

4,896

EBITDA Margin

93.1%

2022

12/31/2022

Revenue

5,222

Cost of Revenue

782

Gross Profit

4,440

Gross Margin

85.0%

Operating Income

4,539

Operating Margin

86.9%

Net Income

3,113

Net Margin

59.6%

EPS (Basic)

$2.00

EPS (Diluted)

$2.00

EBITDA

5,390

EBITDA Margin

103.2%

2021

12/31/2021

Revenue

996

Cost of Revenue

378

Gross Profit

609

Gross Margin

61.2%

Operating Income

519

Operating Margin

52.1%

Net Income

474

Net Margin

47.6%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

596

EBITDA Margin

59.9%

2020

12/31/2020

Revenue

418

Cost of Revenue

245

Gross Profit

173

Gross Margin

41.3%

Operating Income

Operating Margin

19.3%

Net Income

-238

Net Margin

-56.9%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

151

EBITDA Margin

36.1%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	1,698	5,258	5,222	996	418
Cost of Revenue	1,009	793	782	378	245
Gross Profit	689	4,465	4,440	609	173
Gross Margin	40.6%	84.9%	85.0%	61.2%	41.3%
Operating Income	186	4,380	4,539	519	81
Operating Margin	11.0%	83.3%	86.9%	52.1%	19.3%
Net Income	-1,028	946	3,113	474	-238
Net Margin	-60.5%	18.0%	59.6%	47.6%	-56.9%
EPS (Basic)	$-1.00	$1.00	$2.00	$0.00	$0.00
EPS (Diluted)	$-1.00	$1.00	$2.00	$0.00	$0.00
EBITDA	707	4,896	5,390	596	151
EBITDA Margin	41.6%	93.1%	103.2%	59.9%	36.1%