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Arcadium Lithium Plc (ASX:LTM)

ALERT: Price-sensitive ASX Announcement for LTM
Current share price for LTM : $9.330 0.08 (0.86%)+
Announcement
Release
28 Feb 2025 8:55AM
Price at Release
$9.250
Full Release
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Summary
Arcadium Lithium Plc reported its Q4 and full year financial results for 2024, highlighting a revenue of $289 million for the fourth quarter and an annual revenue of $1,007.8 million. The company experienced a GAAP net loss of $14.2 million in Q4, with an attributable income of $103.2 million for the year. The results reflect increased sales volumes but declining average prices across most lithium products. Arcadium's anticipated acquisition by Rio Tinto is progressing, with the closing targeted for March 6, 2025.
Key Points
  • Q4 2024 revenue was $289 million.
  • Annual revenue for 2024 reached $1,007.8 million.
  • GAAP net loss in Q4 was $14.2 million.
  • Attributable GAAP net income for the year was $103.2 million.
  • Sales volumes increased by 56% in Q4 but remained flat year-over-year.
  • Average realized pricing in Q4 was $15,700 per product metric ton.
  • Arcadium Lithium is set to be acquired by Rio Tinto for $5.85 per share.
  • The transaction with Rio Tinto is expected to close on March 6, 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.