LAR · Lithium Argentina AG

Summary

Lithium Argentina AG announced fourth quarter and full year 2025 results, with Cauchari-Olaroz producing 9,700 tonnes lithium carbonate in Q4 and 34,100 tonnes for the year at the high end of guidance, Q4 revenue of $92 million, Exar Q4 net income of $31 million, and consolidated FY net loss of $76.8 million. Provided 2026 production guidance of 35,000-40,000 tonnes and completed $130 million debt facility.

Key takeaways

• Cauchari-Olaroz produced 9,700 tonnes lithium carbonate in Q4 2025 and 34,100 tonnes in FY 2025, high end of 30,000-35,000 tonne guidance with 34% increase over 2024.
• Exar Q4 2025 revenue $92 million at average realized price $9,049 per tonne lithium carbonate sold.
• Exar Q4 2025 cash operating costs $5,618 per tonne lithium carbonate sold.
• Exar Q4 2025 net income $31 million and Adjusted EBITDA $30 million on 100% basis.
• Consolidated FY 2025 net loss $76.8 million or $(0.47) basic loss per share.
• 2026 production guidance 35,000-40,000 tonnes lithium carbonate; Q1 2026 average realized price expected approximately $17,000 per tonne.
• Completed $130 million 6-year Debt Facility from Ganfeng on March 20, 2026 at SOFR plus 2.5% interest.