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Liontown Limited (ASX:LTR)

ALERT: Price-sensitive ASX Announcement for LTR
Current share price for LTR : $1.225 -0.405 (-24.85%)+
Announcement
Release
12 Mar 2026 8:41AM
Price at Release
$1.630
Full Release
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Summary
Liontown Limited reported a substantial statutory net loss of $(184.0) million for the half-year ending December 2025, driven by non-cash charges related to LGES convertible note derivatives. However, the company saw a significant 70% growth in production volumes, with revenues more than doubling to $207.5 million. The company is optimistic about its future growth, supported by a decrease in pro forma gearing and a strong cash position of $390.5 million. Liontown is advancing a 4 Mtpa expansion study, leveraging its brownfield expansion capabilities at Kathleen Valley to quickly bring additional lithium to market. The CEO expects better performance in the second half of FY2026 with improvements in volume, recovery, and pricing dynamics.
Key Points
  • Liontown reported a statutory net loss of $(184.0) million, which includes non-cash charges of $(104.4) million due to LGES convertible note derivative.
  • The company achieved a 70% increase in production with 192,514 dmt produced and 189,596 dmt sold.
  • Revenue increased by 107% compared to the previous year, reaching $207.5 million.
  • The LGES convertible notes will convert to equity in February 2026, reducing the non-cash charges in future reports.
  • The company plans a 4 Mtpa expansion study which is currently underway.
  • Pro forma gearing excluding leases has decreased from 48% to 22%, positioning the company well for future growth.
  • The company had $390.5 million in cash as of 31 December 2025.
  • Liontown aims to capitalize on the brownfield expansion at Kathleen Valley, allowing for quick additional lithium production.
  • Higher-grade underground ore and rising prices are expected to improve margins in H2 FY2026 and into FY2027.
  • Liontown's Managing Director and CEO anticipates a stronger second half with continued improvements in volume, recovery, and pricing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.