Ganfeng Lithium Group (002460) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥6.25 billion, up 44.10% year-over-year, with net profit attributable to shareholders at ¥557 million, a 364.02% increase from the same period last year.

• Year-to-date revenue totaled ¥14.62 billion, up 5.02% year-over-year, while net profit attributable to shareholders was ¥25.52 million, up 103.99% year-over-year.

• Excluding non-recurring items, net profit remained negative year-to-date at -¥942 million, though Q3 saw a significant improvement.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.28, up 366.67% year-over-year; year-to-date EPS was ¥0.01.

• Gross margin and operating income improved, with a notable swing in fair value gains on financial assets.

• Cash flow from operations was -¥429 million in Q3, a sharp decline from the previous year.

• Total assets at quarter-end were ¥110.2 billion, up 9.29% from year-end 2024.

Outlook and guidance

• The company is actively expanding its lithium resources and integrating international projects, aiming to strengthen its global supply chain and production capacity.