Lithium Argentina swings to Q2 FY26 net income of $1.3 million; income rises to $2.3 million
LAR•Expansion plans
Stage 2 expansion won RIGI approval in May; partners advanced a modular 10,000 tpa DLE plan, with an updated development plan expected near end-Q3.
Q2 results and revenue
Lithium Argentina posted Q2 net income of USD 1.3 million, swinging from a net loss of USD 4.1 million a year earlier.
Exar’s Cauchari-Olaroz generated Q2 revenue of USD 174 million on an average realized price of about USD 19,563 per tonne.
Production, shipments and costs
Exar produced 9,280 tonnes in Q2 while shipments slipped to 8,901 tonnes from 10,006 in Q1; cash operating costs rose to USD 5,897/tonne from USD 5,391/tonne.
Exar adjusted EBITDA (non-GAAP) edged up to USD 110.3 million from USD 105.8 million in Q1; operating cash flow totaled USD 142.4 million.
