• Quarterly gross sales revenue of A$200.2m, up 18% from prior quarter
• Ready for sale REO production of 3,993t, including 2,003t NdPr
• Closing cash and short-term deposits of A$1,060.0m
• Signed MoUs to develop rare earth permanent magnet value chains in Malaysia and the US

Lynas Rare Earths Ltd reported a strong September 2025 quarter, with quarterly gross sales revenue increasing to A$200.2m, up 18% from the prior quarter and 66% from the prior corresponding quarter. Sales receipts were A$171.3m, and the company ended the quarter with closing cash and short-term deposits of A$1,060.0m. Ready for sale REO production was 3,993t, including 2,003t of NdPr. Lynas also announced progress on its strategic growth plans, including signing a Memorandum of Understanding (MoU) with Korean permanent magnet manufacturer JS Link to develop a sustainable rare earth permanent magnet value chain in Malaysia, and a further MoU with the only operational U.S. manufacturer of sintered rare earth magnets, Noveon Magnetics, to form a strategic partnership aimed at establishing a scalable, domestic U.S. supply chain for rare earth permanent magnets. Lynas noted that there have been significant geopolitical developments for the rare earths industry, including the signing of critical minerals and rare earth agreements between the U.S., Australia, Malaysia, and Japan. The company also announced plans to construct an expanded HRE separation circuit in Malaysia, with first production of Samarium targeted for the first half of CY26. Lynas reported that it has identified alternate supply sources for all key inputs in response to China's announcement of its intention to increase rare earths export controls.

Lynas expects ready for sale REO production of 3,993t, including 2,003t NdPr, in Q1 FY26.

Lynas is focused on developing partnerships with metal and magnet makers to expand the outside China metal and magnet supply chain as part of its Towards 2030 growth strategy. The company is also working to finalize a definitive agreement with Noveon Magnetics and engage with customers and the U.S. government to ensure supply continuity for critical applications.