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Lynas Rare Earths (LYC) investor relations material
Lynas Rare Earths AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Chair welcomed shareholders, acknowledged traditional land owners, and outlined meeting logistics, including live streaming and voting procedures.
Board members, CEO, and audit representatives were introduced; quorum confirmed and agenda set, including CEO presentation and financial statement tabling.
Chair's address delivered by John Humphrey, setting the tone for the meeting and outlining the agenda.
Financial performance review
FY25 net profit after tax was AUD 8 million, a significant decrease from AUD 84.5 million in FY24.
Sales revenue increased to AUD 556.5 million from AUD 463.3 million in FY24, driven by higher NdPr production and sales.
EBITDA for FY25 was AUD 101.2 million, down from AUD 132.1 million in FY24.
Cash and short-term deposits at 30 June 2025 were AUD 166.5 million, compared to AUD 523.8 million the previous year.
NdPr sales volumes rose 18% to 6,555 tons, while total REO sales fell 10% as lower-value products were reduced.
Market prices for NdPr increased from AUD 44/kg to AUD 55/kg by June 2025, with upward trends continuing into FY26.
Investments in new facilities and products, plus low rare earth prices, impacted overall performance.
Board and executive committee updates
Kathleen Conlon was appointed as a new non-executive director, bringing over 30 years of finance experience in resources.
Vanessa Guthrie and Kathleen Bozanic addressed shareholders regarding their board roles and experience.
CEO Amanda Lacaze presented on operational and strategic progress.
Dr. Vanessa Guthrie was re-elected as a director, and Kathleen Bozanic was elected as a new director.
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