Liontown (LTR) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders, acknowledged traditional landowners including Whadjuk Noongar and Tjiwarl People, and confirmed quorum and voting registration.

• AGM was webcast for remote viewing, with online Q&A enabled, but only in-person attendees could participate in formal business.

• Directors, executive team, auditors, and polling officer were introduced.

Board and executive committee updates

• Three new executives joined: COO Ryan Hair, Chief People Officer Lisa Breen, and incoming CFO Greg Jason, all bringing significant industry experience.

• Board and executive team praised for alignment, dedication, and leadership during a period of transition.

• Presentation authorized for release by the Managing Director.

Financial performance review

• FY25 marked the first full year of operations, with AUD 300 million in revenue and AUD 55 million in EBITDA.

• Over 360,000 dry metric tons of spodumene concentrate shipped; plant reliability at 89%.

• 294,521 dmt of concentrate produced and 283,443 dmt sold, with plant availability at 89%.

• AUD 420 million cash at September's end, following a successful AUD 372 million capital raise.

• H2 FY25 unit operating cost was AUD 802 per dmt sold, reflecting ramp-up and market adjustments.

• Share price outperformed the commodity, rebounding 110% since June 30.