Lynas Rare Earths Limited · ASX:LYC
Lynas Rare Earths — FY2026 Earnings Presentation
20 slides from Lynas Rare Earths's earnings presentation, Aug 26, 2026
Slide 1: FY26 Results Presentation
Lynas Rare Earths Limited FY26 Results Presentation 26 August 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Lynas Rare Earths Limited (ABN 27 009 066 648) (Lynas “opinion”, “consider”, “predict”, “plan”, “scenario”, “project”, “outlook”, “guidance”, “forecast”, or the Company). This presentation contains summary information about Lynas and its “anticipate”
Slide 3: Disclaimer cont.
Disclaimer cont. No representation, warranty or assurance (express or implied) is given or made in relation to any negligence or otherwise, and make no representation or warranty, express or implied, as to the forward-looking statement by any person (including Lynas or any of its advisers). In parti
Slide 4: Acknowledgement of Country
Acknowledgement You will need to of Country 1. 2. xx Lynas Rare Earths acknowledges the Traditional Owners of the lands on which we live, work and meet, across Australia. We acknowledge and value Lynas’ Aboriginal and Torres Strait Islander employees, partners and communities and pay respect to thei
Slide 5: Safety in focus
Safety in focus FY26 Safety performance: TRIFR: 4.1* LTIFR: 0.9* FY25: 3.6* FY25: 1.8* Operational safety outcomes for FY26 include: • TRIFR increased from 3.6 to 4.1, primarily due to strains and sprains - Continued focus on training to reduce injuries • Lost Time Injury Frequency Rate halved from
Slide 6: Towards 2030 growth strategy initiated
Towards 2030 growth strategy initiated1 Harvest and Grow Harvest Optimise performance from Lynas 2025 Grow Growth pillars in Towards 2030 Add Resource and Scale Ramp up assets in line with customer demand and market growth • Develop the Mt Weld Carbonatite with the objective to produce higher Focus
Slide 7: FY26 Growth highlights
FY26 Growth highlights Lynas 2025 projects commissioned; Towards 2030 growth strategy progressed Lynas 2025 growth Optimise Lynas 2025 Towards 2030 growth strategy pillars initiative investment Expand into outside Capital investment Enhance sales and Add resource and Increase downstream China metal
Slide 8: FY26 Financial snapshot
FY26 Financial snapshot You will need to Net Profit After Tax Sales Revenue $222.4m $977.9m FY25 NPAT: $8.0M FY25: $556.5m EBITDA1 Cash and Short Term Deposits $386.0m $1,209.1m FY25: $101.2m 30 June 2025: $166.5M 1 EBITDA is a non-IFRS measure and comprises net profit or loss before finance costs,
Slide 9: FY26 Operational snapshot
FY26 Operational snapshot 13,089t 7,260t Total REO production NdPr production – including record 2H production FY25: 10,462 tonnes FY25: 6,558 tonnes $80.7/kg $178.3m Average selling price Capital invested in per kg REO – highest property, plant, on record equipment & mine development FY25: $50.6/kg
Slide 10: NdPr Production & Total REO Average Selling Price
NdPr Production & Total REO Average Selling Price Dec quarter production affected by C&L major maintenance & Kalgoorlie electricity issues Lynas 2025 capacity uplift; Record quarterly NdPr Record 2nd half NdPr production production NdPr Production Volume (tonnes) Average Selling Price1 (per kg) and
Slide 11: Market Update
Market Update Rare Earths magnet market being reshaped by export controls and global policy decisions Risk of further export controls is driving magnet • Globally governments continue to take buyers to seek new resilient magnet supply chains action to build secure and resilient rare earth magnet sup
Slide 12: Market Update
Market Update Rare Earths market dynamics are positive, driven by end customer demand Growth in demand for outside China rare earths • Market pricing reflects strong demand supply is strong and strategic price floor arrangements e.g. Lynas agreement with JARE for NdPr US$110/kg price floor (announce
Slide 13: Progressing Towards 2030 growth pillar: Expand into outside China metal and magnet supply chain
Progressing Towards 2030 growth pillar: Expand into the outside China metal and magnet supply chain March 2026: July 2026: MoU signed with JARE to Long term establish a framework for partnership July 2025: potential cooperation MoU signed with JS agreement signed including mineral with JS Link for L
Slide 14: Mt Weld expansion project completed and commissioned
Mt Weld expansion project completed and commissioned • Mt Weld expansion project commissioning completed December quarter 2025 • New flowsheet integrated into operations and ramping up • 65MW Hybrid Power Station commissioned and fully operational since Jan 2026; average renewable content of 93% ach
Slide 15: Mt Weld 65MW hybrid renewable power station & water recycle plant commissioned & operating
Mt Weld 65MW hybrid renewable power station & water recycle plant commissioned & operating 24MW Mt 7MW Mt Weld Weld Solar Farm Wind 2,376 solar panel Farm sections (with PPA Four 6MW partner Zenith wind Energy turbines (with PPA partner Zenith Energy) 12MW/12MWh Battery Energy Storage System (BESS)
Slide 16: Kalgoorlie Rare Earths Processing Facility ramp up progressing
Kalgoorlie Rare Earths Processing Facility ramp up progressing • Quality and productivity improvements successfully executed • Continuous precipitation process completed and commissioned, enabling design precipitation capacity and MREC quality improvements • Construction of new water recycle plant b
Slide 17: Lynas Malaysia optimised for growth
Lynas Malaysia optimised for growth • Record 2H FY26 NdPr production achieved • First Samarium (Sm) production achieved in March 2026, Lynas’ third HRE product, alongside Dysprosium (Dy) and Terbium (Tb) • Progress made on expanded HRE facility (announced October 2025), with critical equipment order
Slide 18: Building prosperity in our communities
Building prosperity in our communities We care for the communities in which we work and live 76% $9m $500k 92 invested in community Lynas Local Giving local suppliers in invested in R&D in community grants support and initiatives FY26 FY26 since 2022 in FY26 99% $124m of Malaysian 1,156 paid in empl
Slide 19: Visit us at LynasRareEarths.com
Visit us at LynasRareEarths.com 19
Slide 20: Appendix A: JORC Compliance and Competent Person's Statement
Appendix A: JORC Compliance and Competent Person’s Statement Exploration Results The information in this report is based on, and fairly represents information and supporting documentation jointly prepared by Marcelle Watson, Geology Manager, and Dr. Ganesh Bhat, Principal Resource Geologist. Marcell