Key points
- Record 14% increase in ore mined at North American Lithium
- Revenue surged 39% to US$202 million
- Underlying EBITDA improved by US$57 million to US$14 million
- Closing cash balance increased by 440% to US$255 million
Full summary
Elevra Lithium Ltd reported its FY26 full-year results, marking the first as a combined company. Key highlights include a 14% increase in ore mined at North American Lithium (NAL) to 1.47 million wet metric tonnes (wmt), a 3% decrease in spodumene concentrate production to 197,967 dry metric tonnes (dmt), and a 13% decrease in sales to 181,494 dmt. Revenue increased 39% to US$202 million, driven by a 57% increase in average realised selling prices. Underlying EBITDA improved to US$14 million, a US$57 million improvement from FY25. The Group's profit after income tax was US$44 million, a US$292 million improvement from FY25. The NAL Brownfield Expansion is fully funded, with Stage 1 expected to deliver a 15-20% increase in annual production capacity from mid-CY27.
Guidance
Stage 1 of NAL Brownfield Expansion expected to deliver 15-20% increase in annual production capacity from mid-CY27
Outlook
Elevra is confident in its strategy and assets, with a focus on growth opportunities and strategic progress in its pipeline projects.