CEO REVIEW The September 2025 quarter was significant for Lynas with the announcement of the Towards 2030 growth strategy, alongside our FY25 financial results on 28 August 2025, and the completion of an equity raising.
The equity raising, which comprised a $750 million institutional placement and a Share Purchase Plan for retail shareholders, further strengthens our Balance Sheet, enabling Lynas to pursue a strong growth agenda.
Share Purchase Plan increased to ~$182 million from the initial target of $75 million.
Yes the outlook is good for Fy 2026 - Lynas have invested. The eps has been in the 'red' since 2022 so holders are looking for positive eps growth now.
https://hotcopper.com.au/threads/ann-quarterly-activities-report.8856595/
Snippets of the Q report below:
Mt Weld Expansion Construction of the Mt Weld Expansion processing plant is now complete and on budget. Phase 2 of the Tailings Storage Facility (TSF) is the only works remaining and is not required for ramp-up. This will be completed in the new year.
United States Following achievement of the first U.S. Heavy Rare Earth oxide sales, discussions have continued with multiple U.S. rare earth buyers, including new metal and magnet projects.
CORPORATE The 2025 Annual General Meeting of Lynas shareholders will be held on 26 November 2025 at 10am Sydney time at The Mint, 10 Macquarie St, Sydney. Shareholders will also be able to attend the meeting via a virtual platform. The Notice of Meeting is available online at www.lynasrareearths.com or at our share registry’s website https://boardroomlimited.com.au/meeting/lynas.
Return (inc div) 1yr: 97.67% 3yr: 23.51% pa 5yr: 40.21% pa
Lynas produces a mixed Heavy Rare Earth compound, known as SEGH
Market prices
- No direct SEGH spot price: The market does not typically quote a single "SEGH spot price" because it is an unseparated mix of elements.
- Prices of individual elements: Instead, prices are set for the individual, separated rare earth oxides. For example, Fastmarkets publishes prices for dysprosium oxide and terbium oxide.
- Market context: Prices for these separated oxides are used to determine the value of the SEGH feed material. The values of Dy and Tb have a direct impact on the final profitability of the SEGH product line.
Magnets:
Lynas Rare Earths' main produce is neodymium and praseodymium (NdPr), which are used to make high-performance permanent magnets. The company also produces other separated rare earth materials and compounds, including Lanthanum (La), Cerium (Ce), and a Mixed Heavy Rare Earths (SEG) concentrate, which is processed into materials like dysprosium and terbium for high-tech applications like electric vehicles and wind turbines.
- Neodymium and Praseodymium (NdPr): This is the company's main product, vital for powerful magnets used in electric vehicle motors and wind turbines.
- Mixed Heavy Rare Earths (SEG): This is a concentrate that customers further process into separated heavy rare earths like dysprosium and terbium, which are crucial for high-temperature performance in magnets.
- Lanthanum (La) and Cerium (Ce): These are other key products that are used in a variety of applications, such as catalysts and glass.
Future plans:
- Lynas is reconfiguring a circuit at its Malaysian facility to separate dysprosium and terbium from SEGH.
- This project is expected to start producing these separated elements in mid-2025.
- This will expand the company's heavy rare earth product range beyond the mixed SEGH compound.
Market prices
- No direct SEGH spot price: The market does not typically quote a single "SEGH spot price" because it is an unseparated mix of elements.
- Prices of individual elements: Instead, prices are set for the individual, separated rare earth oxides. For example, Fastmarkets publishes prices for dysprosium oxide and terbium oxide.
- Market context: Prices for these separated oxides are used to determine the value of the SEGH feed material. The values of Dy and Tb have a direct impact on the final profitability of the SEGH product line.
A look at NdPr (Neodymium Praseodymium) below:
Spot Price:
Neodymium traded flat at 675,000 CNY/T on October 29, 2025. Over the past month, Neodymium's price has fallen 14.01%, but it is still 27.96% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
Lynas Rare Earths announces the signing of a Memorandum of Understanding (MoU) with Korean permanent magnet manufacturer JS Link to develop a sustainable rare earth permanent magnet value chain in Malaysia.
Under the terms of the MoU, Lynas will collaborate with JS Link on the development of a 3,000 tonne capacity NdFeB permanent sintered magnet manufacturing facility near the Lynas Malaysia advanced materials plant in Kuantan, Malaysia. Lynas and JS Link will also collaborate in respect of the supply by Lynas of Light and Heavy Rare Earth materials to JS Link to support production of NdFeB permanent sintered magnets. The MoU is non-binding and subject to a definitive agreement.
( my opinion generally these MOU just hot air! no quantitative use for shareholders )
Lynas is delighted to report a number of ‘firsts’ in the quarter to 30th June 2025.
- At 2,080 tonnes, quarterly production of NdPr exceeded 2,000 tonnes for the first time
- Dysprosium Oxide (Dy) and Terbium Oxide (Tb) were produced on the new production line at Lynas Malaysia in May and June respectively, the first commercial production of separated Heavy Rare Earths (HRE) for Lynas and the first commercial production outside China in decades
- The installation of the first wind turbine at Mt Weld and the completion of the solar farm as we transition to largely renewable energy sources at Mt Weld
- A first MOU has been signed with the Kelantan Menteri Besar (MB) Inc for the collaborative development of rare earth deposits and the future supply of mixed rare earth carbonate (MREC) to the Lynas Malaysia plan
Idea is that the free cash flow to improve from today
Return (inc div) 1yr: 68.44% 3yr: 6.90% pa 5yr: 37.00% pa
Return (inc div) 1yr: 14.91% 3yr: 3.72% pa 5yr: 27.23% pa
5yr chart:
LYC has charted $10 back in 2022
During the March 2024 quarter Lynas expects maximum production rates of approximately 300tpm growing to 750tpm in the June 2024 quarter.
24/10/23, Share Price Reaction: $6.82 up 12.4%
Return (inc div) 1yr: -13.23% 3yr: 33.60% pa 5yr: 34.26% pa
Noted the slide no percentage comparison: - 43%=310 / 540 Sales: -20% ( Return not Good )
Phew, not easy to read LYC financials.
mmm. Cannot see ant Out Look statement,
- FIN FY23 Financial Results Announcement
Revenue of $739.3m remained strong. EBITDA, at $377.7m was 51% of revenue with NPAT at 42% of revenue. Whilst strong, these results were lower than those in FY22 when market prices were at record highs. “During the year, we invested $595m in capital projects and completed the year with a cash balance of $1 billion, providing funding certainty for completion of our key growth projects.
Heres more a better view of position
Appendix 4E and FY23 Financial Report
EPS -43%= 34/59
State Street Corporation and subsidiaries named in Annexures to this form..
Class of securities Number of securities Person’s votes Voting power
Ordinary 46,783,709 46,783,709 5.01%
...will announce its quarterly results for the period ending 31 March 2023 on the morning of Friday 21 April 2023
As an ethical and environmentally responsible rare earth producer, with capability and customer relationships built over the past decade, Lynas was well positioned to benefit from the robust rare earths market during the year.
All ethical here.
So looks ok, What we can mine and cannot mine is all ok. The choices we make could be governed by a few......
LYC under the ASX query microscope
- Release Date: 05/10/22 10:18
- Summary: Response to Appendix 3Y Query
- Price Sensitive: No
note, generally these reports are called Quarterly Report Appendix 4C
The bears are in the market so skittish holders all over the markets at present 2022.
The 2Q22 production update revealed a 33% lift in total Rare Earths Oxide production on 1Q22. Strong demand translated to favourable commodity pricing, which resulted in a record sales revenue of $202.7m over the quarter (vs $121.6m in 1Q22).
And for Comparison 30th September 2021
so the trend is still up going on these #s eg Sept Q Sales R': $121.6m vs Dec 2021 $202.7m up $81Mill at 67%
Discl: RL,