Key points
- Record revenue of $977.9m and Net Profit After Tax of $222.4m
- Record average annual selling price of A$80.7/kg Rare Earth Oxide (REO)
- Successful equity raise to support the Towards 2030 growth strategy
Full summary
Lynas Rare Earths Ltd reported a successful financial year, achieving record revenue of $977.9 million and a net profit after tax of $222.4 million for the year ended 30 June 2026. The company capitalized on strong market demand, resulting in a record average annual selling price of A$80.7 per kilogram of Rare Earth Oxide (REO). The strong financial performance was supported by an increase in rare earth production and sales, with ready-for-sale REO production rising to 13,089 tonnes. The company also successfully completed an equity raise to support its Towards 2030 growth strategy, which aims to optimize existing assets and expand production capacity to meet growing global demand.
Guidance
Record revenue of $977.9m and Net Profit After Tax of $222.4m for FY26
Outlook
Lynas Rare Earths Ltd is focused on capitalising on its unique position in the rare earths market to build value for shareholders by safely ramping up the Lynas 2025 capital investments and increasing production capacity.