• Net Profit After Tax (NPAT) of $80.2m, up from $5.9m in H1 FY25
• Revenue increased to $413.7m, up from $254.3m in H1 FY25
• EBITDA of $152.4m, up from $38.1m in H1 FY25

Lynas Rare Earths Ltd (ASX: LYC) has released its financial results for the half year ending 31 December 2025, reporting a strong performance with significant increases in key metrics compared to the prior corresponding period. Net Profit After Tax (NPAT) increased to $80.2 million, up from $5.9 million in H1 FY2025. Revenue grew to $413.7 million, up from $254.3 million in the prior period, while EBITDA increased to $152.4 million, up from $38.1 million. The company attributed the improved results to higher production volumes, sales volumes, and average selling prices, as well as the completion of the Lynas 2025 capital investment program. Operational highlights during the period included consistent NdPr production at Lynas Malaysia, the first customer contracts signed for separated Heavy Rare Earth oxides, successful major maintenance at the Lynas Malaysia facility, and the completion of commissioning for the Mt Weld expansion project. Lynas also strengthened its balance sheet through a successful $750 million institutional placement and $182 million retail shareholder Share Purchase Plan, which will support the delivery of the company's Towards 2030 growth strategy.

Lynas Rare Earths expects to maintain the strong financial performance achieved in H1 FY2026 for the remainder of the financial year, with continued growth in production, sales, and average selling prices.

Lynas Rare Earths is well-positioned to capitalize on the improved market conditions, with the completion of the Lynas 2025 capital investment program. The company's Towards 2030 growth strategy will focus on optimizing performance from these investments and progressing new growth opportunities.