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LAR

Lithium Argentina AG

LAR

Lithium Argentina AG • NYSE
$5.56 ▲ 1.46% (+0.08)
Market Cap $902.73 M
52w High $5.68
52w Low $1.71
Dividend Yield 0%
P/E -11.12
Volume 1.98M
Outstanding Shares 162.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $7.893M ▼ $-64.408M ▼ 0% $-0.39 ▼ $-58.148M ▼
Q2-2025 $0 $10.412M ▲ $-4.089M ▲ 0% $-0.03 ▲ $2.862M ▲
Q1-2025 $0 $10.03M ▲ $-7.214M ▼ 0% $-0.04 ▼ $1.397M ▲
Q4-2024 $0 $8.658M ▲ $-4.819M ▼ 0% $-0.03 ▼ $-8.477M ▼
Q3-2024 $0 $7.807M $-2.406M 0% $-0.01 $4.13M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $63.998M ▼ $1.079B ▼ $251.728M ▼ $764.355M ▼
Q2-2025 $68.028M ▼ $1.141B ▲ $252.818M ▲ $825.558M ▼
Q1-2025 $73.936M ▼ $1.131B ▼ $242.513M ▲ $825.597M ▼
Q4-2024 $85.543M ▼ $1.131B ▲ $240.293M ▲ $828.274M ▼
Q3-2024 $92.325M $1.122B $228.143M $830.959M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-64.474M ▼ $-6.776M ▼ $2.951M ▲ $-76K ▼ $-4.03M ▲ $-6.776M ▼
Q2-2025 $-4.1M ▲ $-5.539M ▲ $-227K ▼ $-62K ▲ $-5.908M ▲ $-5.739M ▲
Q1-2025 $-7.17M ▼ $-15.041M ▼ $3.665M ▲ $-118K ▼ $-11.607M ▼ $-15.07M ▼
Q4-2024 $-4.819M ▼ $-4.852M ▲ $-2.218M ▲ $-42K ▼ $-6.782M ▼ $-4.957M ▲
Q3-2024 $-2.406M $-7.591M $-65.758M $69.274M $-3.871M $-7.638M

Five-Year Company Overview

Income Statement

Income Statement Lithium Argentina is still essentially a pre‑revenue developer. The income statement shows no meaningful sales yet and recurring, modest operating losses, which is typical for a company still building out projects. The one year of very strong reported profit looks more like an accounting or transaction-driven gain than a sign of stable, ongoing earnings power. Overall, the pattern is: early-stage, volatile bottom line, with the real economic story still ahead of full commercial production.

Balance Sheet

Balance Sheet The balance sheet has grown steadily, with total assets and shareholders’ equity both rising, which reflects ongoing investment in projects and a stronger asset base. Debt has increased over time but does not appear extreme relative to the size of the company, suggesting a measured use of borrowing to fund growth. Cash levels have come down from earlier highs, which indicates that prior capital raises and partner funding are being spent on development. In short, the company has built up real asset backing, but it still leans on external capital while its projects mature.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, showing that the business is consuming cash rather than generating it, as you would expect before commercial ramp‑up. Free cash flow is also negative year after year, driven by ongoing spending on project development and related investments. The cash burn does not look extreme in any single year, but it is steady, which means the company remains dependent on project partners, financing, or future capital raises until operations can fund themselves. The key shift to watch is when operating cash flow turns sustainably positive as production ramps.

Competitive Edge

Competitive Edge Lithium Argentina’s main strengths lie in where it operates and with whom. Its projects sit in Argentina’s portion of the “Lithium Triangle,” one of the best-known regions globally for high-quality lithium brine, which can support low-cost production if executed well. The strategic partnership with Ganfeng Lithium adds technical expertise, access to modern extraction technology, and financial support, all of which strengthen its position versus smaller, standalone developers. At the same time, the company competes in a crowded, cyclical market where many players are racing to bring supply online, and where lithium prices and Argentine country risk can significantly affect long-term competitiveness.

Innovation and R&D

Innovation and R&D Innovation at Lithium Argentina is focused on how lithium is extracted and processed, rather than on traditional lab-style R&D. The company is pushing a hybrid model that combines Direct Lithium Extraction with conventional evaporation ponds, aiming for faster production, higher recoveries, and a smaller environmental footprint. The demonstration plant for this DLE technology is a critical proof point: strong performance there would validate much of the company’s technological story, while setbacks would raise questions about cost, reliability, and scalability. Future value creation depends heavily on successfully industrializing this process and embedding it into large-scale expansions at Cauchari-Olaroz and the Pozuelos-Pastos Grandes project.

Summary

Lithium Argentina looks like a classic early-stage resource growth story: no operating revenue yet, modest recurring losses, negative cash flow, and a steadily expanding asset base backed by a strong partner. The financials show that it is still in the build-out and testing phase, not yet in mature production. Strategically, its location in a top lithium region, large-scale project pipeline, and alliance with Ganfeng give it clear advantages but also concentrate its risks in a single commodity, a single country, and a still‑emerging technology. The main things to watch are execution on project ramp‑up, proof that the DLE approach works at scale and at low cost, and the company’s ability to navigate lithium price cycles and funding needs as it moves from development to full commercial operations.

NEWS

November 10, 2025 · 6:44 AM UTC

Lithium Argentina Reports Third Quarter 2025 Results and results of PPG Scoping Study

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November 10, 2025 · 6:30 AM UTC

Lithium Argentina and Ganfeng Announce PPG Scoping Study Results and Stage 1 Environmental Approval

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October 6, 2025 · 4:35 PM UTC

Lithium Argentina to Release Third Quarter 2025 Results on November 10, 2025

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