Lynas Rare Earths
Lynas Rare Earths is the only significant producer of separated rare earth materials outside of China. They operate the Mt Weld mine in Western Australia and a processing plant in Malaysia, producing high-quality separated rare earth materials. Their products are used in various high-tech applications, including electronics, wind turbines, and electric vehicles.
Short position
Lynas Rare Earths (ASX:LYC) has 11.53% of its shares on issue reported as short positions as of 5 Oct 2026, or about 116,030,370 shares. Over the past 30 days that figure has risen 1.50 percentage points, and over 90 days it has risen 1.85 percentage points. Its highest recorded short interest was 13.80% in September 2012. LYC is classified in the Materials industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.
Price & short interest
Toggle series, zoom, and compare · ASIC daily, T+4Lynas Rare Earths (LYC) financials
Results, ratios and statements
Latest result
Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency
- Revenue
- $977.9Mvs $542.7M (FY25)
- Yahoo Finance, as at 29 Sep 2026
- NPAT
- $222.4Mvs $8.0M (FY25)
- Yahoo Finance, as at 29 Sep 2026
- EPS (diluted)
- $0.22vs $0.009 (FY25)
- Yahoo Finance, as at 29 Sep 2026
- Rev YoY
- +80.2%FY
- EPS YoY
- n/mTTM
HY to 31 Dec 2025: Rev +62.7% · EPS n/m vs the same half a year earlier
Key ratios
Year to 30 Jun 2026 (FY); balance sheet at 30 Jun 2026; prices to 9 Oct 2026
- Gross margin
- 50.2%
- Operating margin
- 25.6%
- Net margin
- 22.7%
- FCF margin
- 14.4%
- ROE
- 7.6%
- ROA
- 6.1%
- FCF conversion
- 0.63×
- Net cash (excl. leases)
- $384.4M
- Net debt / EBITDA
- −0.9×
- Current ratio
- 9.3×
- Interest cover
- 16.9×
- Cash dividends paid / net profit
- n/a
- Market cap
- $12.49B
- P/E
- 56.3×
- P/B
- 3.6×
Ratios use the reporting currency (AUD); market cap is in AUD. Source: Yahoo Finance, as at 29 Sep 2026.
Financial statements
Figures in AUD, the reporting currency; Yahoo Finance unless marked
| Line item | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $977.9M | $542.7M | $464.4M | $787.1M |
| Gross profit | $490.8M | $179.2M | $184.5M | $440.9M |
| Operating income | $250.8M | $7.3M | $71.4M | $331.2M |
| EBITDA | $409.5M | $116.3M | $171.2M | $413.6M |
| EBIT | $270.9M | $21.3M | $114.3M | $351.4M |
| Interest expense | $14.8M | $11.6M | $8.8M | $3.6M |
| Pretax income | $256.1M | $9.7M | $105.5M | $347.8M |
| Tax | $33.7M | $1.7M | $21.0M | $37.2M |
| NPAT | $222.4M | $8.0M | $84.5M | $310.7M |
| Net interest income | $8.7M | $3.5M | $30.3M | $32.3M |
| EPS basic | $0.22 | $0.009 | $0.090 | $0.34 |
| EPS diluted | $0.22 | $0.009 | $0.090 | $0.34 |
| Shares | 1.01B | 935.4M | 934.7M | 933.8M |
Financial reports
The company's own filings, newest first
- Appendix 4E and 2026 Annual ReportAnnual Results26 Aug 2026via asx_announcements
- Quarterly Activities ReportQuarterly Report22 Jul 2026via asx_announcements
- Date of Quarterly Report and BriefingQuarterly Report9 Jul 2026via asx_announcements
- Quarterly Activities ReportQuarterly Report21 Apr 2026via asx_announcements
- Date of Quarterly Report and BriefingQuarterly Report13 Apr 2026via asx_announcements
- Half Yearly Report and AccountsHalf Year Results26 Feb 2026via asx_announcements
- Lynas Rare Earths FY26 Half Year ResultsHalf Year Results26 Feb 2026via asx_announcements
- Lynas Rare Earths FY26 Half Year PresentationHalf Year Results26 Feb 2026via asx_announcements
- Date of Half Yearly Report and BriefingHalf Year Results16 Feb 2026via asx_announcements
- Quarterly Activities ReportQuarterly Report21 Jan 2026via asx_announcements
Showing 10 of 42 reports