newsfilter
← Latest News
GlobeNewswire·

Lithium Argentina Reports Third Quarter 2026 Results

LAR
  • Lithium Argentina AG reported third quarter 2026 results with net income of $13.0 million compared to a net loss of $64.5 million in the same period in 2025.
  • Stage 1 of the Cauchari-Olaroz operation produced 9,550 tonnes of lithium carbonate, a 3% increase from the previous quarter, operating at 95% of design capacity.
  • The project generated $95 million in operating cash flow & $92 million in free cash flow from operations during the quarter.
  • Revenue reached $184 million with an average realized price of $17,580 per tonne, resulting in a 67% cash operating margin.
  • Cash operating costs were $5,801 per tonne of lithium carbonate sold, impacted by higher energy costs & a stronger Argentina peso.
  • A total of $100 million in cash distributions was paid to Lithium Argentina & Ganfeng during the quarter, bringing the 2026 total to $230 million.
  • The company announced a Scoping Study for Stage 2 expansion targeting an additional 45,000 tonnes per annum, aiming for total capacity of approximately 85,000 tpa.
  • Stage 2 economics show an after-tax NPV of $3.1 billion & an IRR of 28.5% at $18,000 per tonne, with initial capital costs estimated at $1.0 billion.
  • An accelerated development plan targets 10,000 tpa for first production in 2028, subject to regulatory approvals in Argentina & China.
  • The PPG joint venture with Ganfeng aims to develop 150,000 tpa of LCE across three phases, with a RIGI application submitted in Q1 2026.
  • Lithium Argentina holds $312 million in cash as of September 30, 2026, & repurchased $200 million of convertible notes subsequent to quarter end.
  • On September 15, 2026, the company issued a $180 million unsecured convertible debenture to a Ganfeng subsidiary with a 4.0% coupon & maturity of six years.
  • Third-party net debt increased by $29 million to $171 million, following the closure of a $170 million syndicated facility at the project level.
  • The company is advancing plans for a secondary listing on the Australian Securities Exchange to broaden access for Asia-Pacific investors.
  • Adjusted EBITDA for the quarter was $113 million, driven by higher sales volumes offsetting lower average prices.
  • Net debt at the project level includes $36 million drawn from the new syndicated facility closed in July 2026.
Company
Lithium Argentina AG
Keywords
Toronto Stock Exchange:LAR, Lithium Argentina AG, LAR, Lithium ARgentina, Results, Earnings, 3Q 2026