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Lynas Rare Earths Limited (ASX:LYC)

ALERT: Price-sensitive ASX Announcement for LYC
Current share price for LYC : $14.370 -2.035 (-12.40%)+
Announcement
Release
26 Aug 2026 10:02AM
Price at Release
$16.405
Full Release
download
Summary
Lynas Rare Earths Limited reported record financial and operational performance for the fiscal year ending 30 June 2026. Revenue increased to $977.9 million, supported by strong market demand and strategic supply agreements with Japanese and U.S. industries. Key operational highlights included the production of Samarium oxide, increased NdPr production, and the commissioning of new facilities at Mt Weld. Lynas achieved a notable increase in safety metrics, with improvements in the lost time injury frequency rate. The company is focused on its Towards 2030 growth strategy, optimizing capital investments, expanding resource base, and increasing downstream capacity to meet global rare earth demand. The Malaysian operating licence was renewed for 10 years, providing greater investment certainty.
Key Points
  • Record revenue of $977.9m achieved in FY26
  • Net Profit After Tax increased to $222.4m
  • Successful NdPr production and Samarium oxide production
  • 10-year renewal of Malaysian operating licence
  • Towards 2030 growth strategy includes optimizing Lynas 2025 investments
  • Increased safety performance with improved LTIFR
  • Strategic supply agreements with Japan and U.S.
  • Expansion of heavy rare earth separation facility
  • Commissioning of hybrid renewable power station at Mt Weld
  • Continued focus on sustainability initiatives
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.