Lithium Argentina AG balance sheet LAR

Annual Quarterly

As of Dec 31, 2025, Lithium Argentina AG had total assets of $1.1 billion and total liabilities of $282.8 million. Total assets were down 2.8% from a year earlier. Stockholders' equity was $816.9 million. Cash and investments were $61.1 million. The current ratio, current assets divided by current liabilities, was 0.30.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Assets
Cash	61 -28.5%	86 -30.1%	122 -37.1%	194 -61.9%	511 +244.8%	148 +77.1%	84 +101.0%	42 -24.9%	55
Cash and investments	61 -28.5%	86 -30.1%	122 -37.1%	194 -61.9%	511 +244.8%	148 +77.1%	84 +101.0%	42 -24.9%	55
Receivables	0 -89.8%	4 -21.2%	5 +15.5%	4 +102.7%	2 +57.4%	1 -51.8%	3 +33.3%	2 +91.4%	1
Inventory	—	—	—	—	—	—	1 -23.6%	2 -22.5%	2
Total current assets	85 -27.8%	117 -12.1%	134 -62.5%	356 -33.1%	533 +245.1%	154 +66.1%	93 +98.0%	47 -23.3%	61
Property and equipment, net	9 +4.3%	9 -2.8%	9 +2.4%	9 +106.6%	4 +125.7%	2 -98.8%	159 +2830.6%	5 -70.0%	18
Total assets	1,100 -2.8%	1,131 +7.2%	1,055 +3.8%	1,017 +24.4%	817 +150.2%	327 +11.2%	294 +182.7%	104 -8.4%	113
Liabilities and equity
Accounts payable	—	—	10 -41.7%	17 +125.1%	7 +41.2%	5 -56.2%	12 +320.9%	3 -20.4%	4
Total current liabilities	281 +16.9%	240 +11.8%	215 +994.1%	20 +137.9%	8 -5.7%	9 -41.6%	15 +346.0%	3 -9.7%	4
Total liabilities	283 +17.7%	240 +6.3%	226 -2.8%	233 -17.3%	281 +106.6%	136 +1.4%	134 +519.6%	22 +358.4%	5
Stockholders' equity	817 -8.3%	891 +7.5%	829 +5.7%	784 +46.2%	536 +181.2%	191 +19.5%	160 +94.0%	82 -24.4%	109
Debt
Debt due within a year	—	—	3 -16.0%	3 +241.6%	1 -84.1%	6 +83.8%	3 +477.2%	1 +202.8%	0
Long-term debt	—	—	—	3 -89.2%	29 -76.9%	125 +6.5%	117 +549.6%	18 +2300.4%	1
Total debt	—	—	3 -58.0%	6 -79.1%	30 -77.2%	130 +8.3%	120 +547.5%	19 +1898.5%	1
Net cash	—	—	120 -36.4%	188 -60.9%	481 +2635.3%	18 +147.6%	-37 -258.9%	23 -57.7%	54
Ratios
Current ratio	0.30x	0.49x	0.62x	18.13x	64.51x	17.63x	6.20x	13.96x	16.44x
Debt to equity	—	—	0.00x	0.01x	0.06x	0.68x	0.75x	0.23x	0.01x
Return on equity	-9.41%	-1.71%	155.43%	-11.93%	-7.18%	-19.00%	32.37%	-34.35%	-30.57%
Return on assets	-6.99%	-1.35%	122.12%	-9.20%	-4.71%	-11.09%	17.59%	-27.20%	-29.30%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Metal Mining (SIC 1000)
Listed as: LAR (NYSE)
Fiscal year ends: December 31
Incorporated in: Switzerland
Headquarters: Zug
SEC filer status: Accelerated filer
SEC CIK: 1440972
Former names: Lithium Americas (Argentina) Corp. (until Jan 21, 2025); LITHIUM AMERICAS CORP. (until Oct 3, 2023); Western Lithium USA Corp (until May 26, 2015); WESTERN LITHIUM CANADA CORP (until Oct 28, 2009)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.