Australia's Lynas Rare Earths posts best half-year profit in three years

Lynas Rare Earths

25/02/2026 22:18

Feb 26 (Reuters) - Australia's Lynas Rare Earths LYC.AX reported its best first-half profit in three years on Thursday, helped by higher sales volume and elevated realised prices.

The world's largest rare-earths producer outside China logged a net profit after tax of A$80.2 million ($57.13 million) for the six months ended December 31, compared to A$5.9 million a year ago.

That missed the Visible Alpha consensus estimate of A$91.8 million.

($1 = 1.4037 Australian dollars)

 (Reporting by Shivangi Lahiri and Aamir Shaik Khalid in Bengaluru; Editing by Shinjini Ganguli)

 ((Aamir.SheikKhalid@thomsonreuters.com;))