Australia’s Lynas posts over 90% fall in annual profit; to raise A$750 million
Published Thu, Aug 28, 2025 · 08:08 AM
AUSTRALIA’S Lynas Rare Earths posted a more than 90 per cent fall in its full-year profit on Thursday, hurt by depreciation from its Kalgoorlie and Mt Weld facility expansion, while announcing an A$750 million (S$626.3 million) equity raising.
The world’s largest rare earths producer outside China said its net profit after tax was A$8 million for the year ended June 30, compared with A$84.5 million reported a year earlier.
That missed the Visible Alpha consensus estimate of A$30.4 million. REUTERS
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