Key points
- Elevra achieved its first full-year profit post-merger.
- Revenue increased by 39% to $202 million.
- Underlying Group EBITDA profit of $14 million.
- Cash balance increased to $255 million, up 440%.
- NAL Brownfield Expansion fully funded.
Full summary
Elevra Lithium Ltd announced its FY26 full-year results, highlighting a successful merger, operational performance, financial results, and strategic updates. Elevra achieved its first full-year profit post-merger, with revenue increasing by 39% to $202 million. The company reported an underlying Group EBITDA profit of $14 million, supported by improved lithium pricing and $15 million in merger-related synergies. The cash balance increased to $255 million, up 440%, primarily driven by the initial receipt of Strategic Financing Package funding. Elevra also completed the merger of Sayona Mining and Piedmont Lithium, finalized the corporate rebrand and consolidation, and achieved initial cost savings. The NAL Brownfield Expansion Scoping Study was completed, and project funding was secured.
Guidance
Elevra expects realised prices for FY27 sales to be more aligned with market prices.
Outlook
Elevra is positioned for growth with a strengthened operating platform, improved safety, operational resilience, and a fully funded expansion.