• June quarter sales revenue A$288.9m, a 70% increase on Q4 FY25
• Average selling price across all rare earth products was A$98.2/kg
• Production of Samarium oxide in March 2026, first Gadolinium expected in early FY28
• Signed long-term partnership agreement with JS Link for rare earth permanent magnet factory in Malaysia

Lynas Rare Earths Ltd reported a significant increase in quarterly sales revenue for Q4 FY26, reaching A$288.9 million, a 70% rise from the prior corresponding period. The average selling price for all rare earth products also increased to a record A$98.2/kg, driven by improved NdPr pricing, a higher mix of heavy rare earth sales, and increased premiums over the market index. The company produced 1,857 tonnes of NdPr and 19 tonnes of Dy and Tb during the quarter. The HRE expansion project at Lynas Malaysia is progressing, with first production of Samarium oxide in March 2026 and expected production of Gadolinium in early FY28. The estimated cost of the expanded HRE facility has increased to approximately A$294 million due to additional equipment requirements, higher sourcing costs outside China, and geopolitical cost escalations. In July 2026, Lynas announced a long-term partnership agreement with JS Link for the development of a rare earth permanent magnet factory in Kuantan, Malaysia, with Lynas investing approximately A$50 million in JS Link.

Lynas Rare Earths expects continued growth in sales revenue and production in FY27.

Lynas Rare Earths anticipates sustained demand for rare earths, driven by strategic government actions to secure supply chains outside China and the growing demand from new metal and magnet maker projects globally.