Lynas Rare Earths first-half NPAT hits $80m
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The news: Lynas Rare Earths has delivered $80.2 million in net profit after tax, up from $5.9 million in the previous comparable period, as demand for ex-China supply of rare earth elements surges amid ongoing geopolitical tensions.
The numbers: The market consensus expectation was for net income of $91.8 million over the period, according to Visible Alpha. Revenue picked up to $413.7 million in the first half of FY26, up from $254.3 million from the previous corresponding period.
The China domestic price of NdPr increased from USD56 ($78.76) per kilogram in december 2024 to USD74 per kilogram in December 2025. The average selling price across all Lynas' rare earth products was $68.4 per kilogram.
No dividend was declared.
The context: During the period, Lynas completed commissioning for the Mt Weld expansion project, delivered the first half year of heavy rare earth production at its facility in Malaysia, launched its Towards 2030 strategy and completed an equity raise.
What they said: "The market is moving quickly and following the completion of the Lynas 2025 capital investment program, we have the assets and capabilities to immediately benefit from the improved market conditions,” CEO Amanda Lacaze said.
The source: ASX
