• Quarterly gross sales revenue of A$201.9m, up 43% year-over-year
• Closing cash and short-term deposits of A$1,030.9m
• Completed major maintenance at Lynas Malaysia, restarted Cracking and Leaching in January 2026

Lynas Rare Earths Ltd reported a solid performance in the second quarter of fiscal year 2026, with quarterly gross sales revenue of A$201.9 million, up 43% compared to the prior corresponding period. Sales receipts were A$185.0 million, and the company ended the quarter with a strong cash and short-term deposits position of A$1,030.9 million. Production of NdPr, a key rare earth element, was 1,404 tonnes, while total rare earth oxide production was 2,382 tonnes. The company completed major maintenance work at its Lynas Malaysia facility during the quarter, which had temporarily reduced cracking and leaching capacity. The work was executed safely and on schedule, and the facility was successfully restarted in early January 2026. The company continued to develop its growth projects, including the expansion of the Mt Weld mine and the planned expansion of heavy rare earth processing capabilities at Lynas Malaysia. Lynas also continued discussions with U.S. rare earth buyers, including major defense and automotive companies, as it seeks to expand its presence in the outside-China rare earth supply chain.

Lynas expects to maintain its strong financial and operational performance, with continued robust demand and pricing for its rare earth products. The company is targeting further growth and expansion of its processing capabilities to meet increasing global demand for rare earths.

Lynas remains optimistic about the market outlook, with continued strong demand and pricing for its rare earth products. The company is well-positioned to capitalize on the growing global demand for rare earths, particularly as the only commercial producer of light and heavy rare earth oxides outside of China.