InvestSMART

Lynas Rare Earths Limited (ASX:LYC)

ALERT: Price-sensitive ASX Announcement for LYC
Current share price for LYC : $15.320 -1.085 (-6.61%)+
Announcement
Release
26 Aug 2026 10:03AM
Price at Release
$16.405
Full Release
download
Summary
Lynas Rare Earths Limited has reported a strong financial year with significant achievements such as a record second half FY26 NdPr production and first-time production of Samarium in March 2026. The company completed the Mt Weld expansion and commissioned a 65MW Hybrid Power Station, operational since January 2026. They have improved quality and productivity at the Kalgoorlie Rare Earths Processing Facility and optimized operations in Malaysia. Financially, Lynas reported sales revenue of $977.9 million and a Net Profit After Tax of $222.4 million. The company is focusing on expanding its supply chain outside of China and optimizing production costs and recoveries to sustain growth.
Key Points
  • Record 2H FY26 NdPr production achieved
  • First Samarium production achieved in March 2026
  • Mt Weld expansion project completed and commissioned
  • 65MW Hybrid Power Station operational since January 2026
  • Kalgoorlie Rare Earths Processing Facility ramp-up
  • Lynas Malaysia optimized for growth
  • FY26 Sales Revenue of $977.9 million
  • Net Profit After Tax of $222.4 million
  • Increased focus on developing outside China metal and magnet supply chain
  • Operational focus on optimizing production costs and recoveries
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.