Gasgoo Munich-Tianqi Lithium has swung back to profitability. According to a report by Gasgoo on April 1, the company's latest annual filing for 2025 reveals a full-year turnaround, with steady gains in operational quality. It notched up phased successes across its capacity footprint, R&D efforts, and sustainability initiatives.
Financial data paints a clear picture of the rebound. Revenue hit 10.346 billion yuan, while net profit attributable to shareholders climbed to 463 million yuan — a dramatic turnaround from the 7.905 billion yuan loss posted in 2024. That represents a 105.85% year-on-year jump. Basic earnings per share rose 105.81% to 0.28 yuan. The company's weighted average return on equity improved by 18.02 percentage points to 1.1%. On the balance sheet, total assets grew 5% to 72.11 billion yuan, while the debt-to-asset ratio edged down 0.35 percentage points to 28.04%, underscoring a resilient financial structure.
Image source: Screenshot from Tianqi Lithium official website
On the production front, Tianqi Lithium is doubling down on its vertical integration. The Greenbush spodumene mine now boasts a capacity of 2.14 million tons per year, making it the world's largest hard-rock lithium project by output in 2025. It accounted for 18.9% of global hard-rock production, with its Chemical Grade Plant 3 now built and producing qualified product. Lithium chemical capacity stands at 121,600 tons annually. Downstream, the 30,000-ton lithium hydroxide project in Zhangjiagang, Jiangsu, is complete and ramping up, while construction is in full swing for the 1,000-ton metal lithium project in Tongliang, Chongqing. Domestically, the Cuola spodumene mine project in Yajiang, Sichuan, is moving forward, cementing a dual resource security system spanning home and abroad.
R&D and digital transformation are acting as twin engines for growth. By the end of 2025, the company held 313 authorized patents. Its Innovation Experimental Research Institute is officially operational, and plans are underway to establish an R&D center in Hong Kong. The firm has secured technological breakthroughs across four core areas: comprehensive utilization of mineral resources, new lithium extraction technologies, key materials for next-gen high-performance batteries, and battery recycling.
Looking ahead, Tianqi Lithium plans to execute a strategy of "consolidating the upstream, strengthening the midstream, and penetrating the downstream." The company will continue developing domestic lithium resources, securing high-quality global mining projects, and expanding basic lithium salt capacity. At the same time, it aims to accelerate R&D and digital transformation, deepen its global footprint, and boost resource utilization and supply chain synergy to drive high-quality growth.
