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Sep 30
Lithium Americas Argentina C Q3 2025 Earnings Report
Lithium Americas Argentina reported a net loss in Q3 2025, with revenue driven by lithium carbonate sales while operational efficiency continued to improve.
Key Takeaways
Lithium Argentina posted $58 million in revenue but reported a $64.5 million net loss in Q3 2025. Production remained steady with improved plant consistency, while a new $130 million debt facility was secured for added liquidity.
Revenue reached $58 million in Q3 2025 with an average realized price of $7,522 per tonne of lithium carbonate.
Net loss totaled $64.5 million, mainly due to a $52.5 million share of loss from the Cauchari-Olaroz Project.
Lithium carbonate production totaled 8,300 tonnes, operating near 90% of nameplate capacity.
The company secured a $130 million, six-year debt facility from Ganfeng to enhance liquidity and support refinancing efforts.
Lithium Americas Argentina C
Lithium Americas Argentina C
Forward Guidance
Lithium Argentina plans to maintain high production rates into 2026 while advancing its Stage 2 expansion and the PPG project, backed by new financing and strategic joint ventures.
Positive Outlook
- Plant operated around 90% nameplate capacity for extended periods.
- Stage 2 expansion of Cauchari-Olaroz progressing with a 5,000 tpa demonstration plant.
- PPG Scoping Study projects 150,000 tpa LCE potential with low estimated operating costs.
- Environmental permit secured for Stage 1 of PPG.
- $130 million debt facility from Ganfeng improves liquidity and refinancing ability.
Challenges Ahead
- Net loss driven by non-cash FX losses and deferred cost recognition.
- Cauchari-Olaroz project contributed $52.5 million in losses in the quarter.
- Cash and equivalents declined to $64 million from $85.5 million at year-end 2024.
- Total liabilities increased to $251.7 million.
- No revenue diversification beyond lithium carbonate disclosed this quarter.