Lynas Rare Earths FY26 Half Year Presentation
| Stock | Lynas Rare EARTHS Ltd (LYC.ASX) |
|---|---|
| Release Time | 26 Feb 2026, 9:08 a.m. |
| Price Sensitive | Yes |
Lynas Rare EARTHS Ltd FY26 Half Year Presentation
- Lynas 2025 projects commissioned; Towards 2030 growth strategy initiated
- Mt Weld expansion project largely commissioned; New flotation circuit operating at 70% of nameplate
- Expanded HRE separation facility announced for Lynas Malaysia - first Samarium production targeted Q4 FY26
Lynas Rare Earths Limited reported strong financial and operational results for the first half of FY26. Key highlights include the commissioning of the Lynas 2025 projects, the initiation of the Towards 2030 growth strategy, and the continued ramp-up of the Kalgoorlie Rare Earths Processing Facility. The Mt Weld expansion project was largely commissioned, with the new flotation circuit operating at 70% of nameplate capacity. An expanded HRE separation facility was announced for Lynas Malaysia, with the first Samarium production targeted for Q4 FY26. The company also strengthened its balance sheet through operational results and a $930 million equity raising. Safety performance remained a key priority, with major maintenance projects executed without incident. The rare earths market is being reshaped by global policy decisions, creating new opportunities for Lynas to capture value from the current market upside. The company continues to focus on sustainability, with the commissioning of the 65MW Mt Weld hybrid power station and water recycling initiatives. Lynas also maintained its commitment to supporting local communities through various programs.
Lynas reported record NdPr production in the September quarter and increased the Kalgoorlie run rate prior to electricity issues in the December quarter. The company's expanded HRE separation facility in Malaysia is targeting first Samarium production in Q4 FY26.
Lynas is focused on optimizing performance, increasing capacity, and expanding into the metal and magnet supply chain as part of its Towards 2030 growth strategy. The company has signed MoUs with downstream magnet manufacturers for supply chain development and has secured first customer contracts for its Malaysia-separated HRE products.