Key points
- Strong operational momentum with 2.8Mtpa run-rate on track for end of FY27
- Profitable through ramp-up with NPAT of $93m and underlying NPAT of $14m
- Record revenue of $639m, up 115% from FY25
- Cash generative with $182m net operating cashflow
- FY27 outlook includes acceleration of ramp-up and expansion FID expected Q1 FY27
Full summary
Liontown Ltd's FY26 full-year financial results presentation highlights a significant operational momentum with the ramp-up delivering to plan, reaching a 2.8Mtpa run-rate on track for the end of FY27. The company generated strong cash flows, with a net operating cashflow of $182m, and reported a net profit after tax (NPAT) of $93m, including one-off items, and an underlying NPAT of $14m. Revenue reached $639m, a 115% increase from FY25, driven by production growth and price recovery, with an average realised price of US$1,379 per dmt of SC6e CIF. The company also demonstrated strong balance sheet strength with $561m cash as at 30 June 2026, providing a platform to fund ramp-up and KV expansion program. The outlook for FY27 includes the acceleration of ramp-up and the expected expansion FID in Q1 FY27.
Guidance
FY27 Guidance includes acceleration of ramp-up and expansion FID expected Q1 FY27
Outlook
Liontown Ltd expects to accelerate ramp-up to 2.8Mtpa in FY27 and finalize the expansion FID in Q1 FY27, subject to market demand.