Australia's Lynas Rare Earths loses most in a month after annual profit misses estimates

Lynas Rare Earths

26/08/2026 03:57

** Shares of Australia's Lynas Rare Earths LYC.AX fall as much as 8% to A$15.26, their biggest intraday pct drop since July 22
** Stock touches its lowest level since August 4
** Lynas, the world's largest rare-earths producer outside China, posts full-year net profit after tax of A$222.4 million ($159.71 million), missing Visible Alpha consensus estimate of A$242.5 million but higher than A$8 million a year ago 
** Company attributes higher profit than last year to firm prices and floor price agreements with both Japanese and U.S. customers
** YTD, stock down 39.4%

($1 = 1.3926 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))