Balance Sheet Lynas Rare Earths Limited

Equities

LYC

AU000000LYC6

Non-Gold Precious Metals & Minerals

Delayed Australian S.E. Other stock markets 11:40:02 05/06/2026 am IST			5-day change	1st Jan Change
18.16 ^AUD	-3.33%		-5.37%	+45.98%

05/06	Lynas Rare Earths Shares Fall as Company Appoints Interim CEO	MT
05/06	Australian shares fall as miners, energy stocks drag	RE

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Published financial data: LYNAS RARE EARTHS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	49Cr	92Cr	74Cr	46Cr	56Cr
Total Revenues	49Cr	92Cr	74Cr	46Cr	56Cr
Cost of Goods Sold, Total	30Cr	35Cr	40Cr	33Cr	43Cr
Gross Profit	19Cr	57Cr	34Cr	13Cr	13Cr
Selling General & Admin Expenses, Total	2.42Cr	3.89Cr	4.58Cr	6.14Cr	11Cr
Depreciation & Amortization - (IS)	29.61L	40.67L	84.7L	-	-
Other Operating Expenses	31.85L	37.97L	71.39L	94.67L	1.32Cr
Other Operating Expenses, Total	3.03Cr	4.67Cr	6.14Cr	7.09Cr	12Cr
Operating Income	16Cr	52Cr	28Cr	6.18Cr	99.84L
Interest Expense, Total	-1.01Cr	-58.47L	16.76L	-9L	-22.6L
Interest And Investment Income	29.27L	46.36L	3.64Cr	3.98Cr	1.74Cr
Net Interest Expenses	-71.37L	-12.11L	3.8Cr	3.9Cr	1.51Cr
Currency Exchange Gains (Loss)	84.05L	1.24Cr	3.22Cr	49.88L	-1.5Cr
Other Non Operating Income (Expenses)	-2L	-4L	-4L	-3L	-4L
EBT, Excl. Unusual Items	16Cr	54Cr	35Cr	11Cr	97.39L
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	16Cr	54Cr	35Cr	11Cr	97.39L
Income Tax Expense	4L	-50.68L	3.72Cr	2.1Cr	17.49L
Earnings From Continuing Operations	16Cr	54Cr	31Cr	8.45Cr	79.9L
Net Income to Company	16Cr	54Cr	31Cr	8.45Cr	79.9L
Net Income - (IS)	16Cr	54Cr	31Cr	8.45Cr	79.9L
Net Income to Common Incl Extra Items	16Cr	54Cr	31Cr	8.45Cr	79.9L
Net Income to Common Excl. Extra Items	16Cr	54Cr	31Cr	8.45Cr	79.9L
Per Share Items
Net EPS - Basic	0.18	0.6	0.34	0.09	0.01
Basic EPS - Continuing Operations	0.18	0.6	0.34	0.09	0.01
Basic Weighted Average Shares Outstanding	87Cr	90Cr	91Cr	93Cr	94Cr
Net EPS - Diluted	0.18	0.6	0.34	0.09	0.01
Diluted EPS - Continuing Operations	0.18	0.6	0.34	0.09	0.01
Diluted Weighted Average Shares Outstanding	87Cr	91Cr	92Cr	94Cr	94Cr
Normalized Basic EPS	0.11	0.37	0.24	0.07	0.01
Normalized Diluted EPS	0.11	0.37	0.24	0.07	0.01
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	16Cr	53Cr	29Cr	6.98Cr	4.55Cr
EBITA	16Cr	53Cr	28Cr	7.08Cr	2.18Cr
EBIT	16Cr	52Cr	28Cr	6.18Cr	99.84L
EBITDAR	16Cr	53Cr	29Cr	7Cr	4.59Cr
Effective Tax Rate - (Ratio)	0.26	-0.95	10.69	19.89	17.96
Total Current Taxes	4L	62.76L	3.48Cr	1.79Cr	23.16L
Total Deferred Taxes	-	-1.13Cr	23.85L	30.7L	-6L
Normalized Net Income	9.84Cr	33Cr	22Cr	6.59Cr	60.87L
Interest Capitalized	8L	58.82L	1.28Cr	1.21Cr	1.18Cr
Interest on Long-Term Debt	61.4L	65.91L	70.24L	71.75L	84.68L
Supplemental Operating Expense Items
General and Administrative Expenses	2.1Cr	3.06Cr	3.39Cr	6.14Cr	11Cr
Net Rental Expense, Total	3L	3L	3L	3L	3L
Imputed Operating Lease Interest Expense	1L	1L	1L	2L	2L
Imputed Operating Lease Depreciation	2L	1L	2L	1L	1L
Stock-Based Comp., G&A Exp. (Total)	24.64L	44.19L	72.1L	71.67L	71.76L
Stock-Based Comp., Other (Total)	-	-	-	-	1T
Total Stock-Based Compensation	24.64L	44.19L	72.1L	71.67L	71.77L

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	58Cr	97Cr	101.12Cr	52Cr	17Cr
Short Term Investments	10Cr	-	-	-	-
Total Cash And Short Term Investments	68Cr	97Cr	101.12Cr	52Cr	17Cr
Accounts Receivable, Total	2.17Cr	11Cr	4.92Cr	4.26Cr	4.47Cr
Other Receivables	21.61L	44.84L	1.04Cr	1.41Cr	2.84Cr
Total Receivables	2.39Cr	11Cr	5.96Cr	5.67Cr	7.31Cr
Inventory	6.29Cr	8.15Cr	11Cr	12Cr	18Cr
Prepaid Expenses	64.42L	67.12L	38.99L	61.95L	1.42Cr
Total Current Assets	77Cr	116.36Cr	118.66Cr	71Cr	43Cr
Gross Property Plant And Equipment	101.4Cr	125.14Cr	184.74Cr	254.77Cr	302.9Cr
Accumulated Depreciation	-38Cr	-45Cr	-50Cr	-55Cr	-63Cr
Net Property Plant And Equipment	64Cr	81Cr	134.42Cr	199.42Cr	239.7Cr
Other Intangibles, Total	4L	7L	14.01L	12.67L	18.08L
Deferred Tax Assets Long-Term	-	1.13Cr	89.59L	58.89L	64.57L
Other Long-Term Assets, Total	6.75Cr	7.96Cr	9.75Cr	9.63Cr	11Cr
Total Assets	147.76Cr	206.16Cr	263.87Cr	280.49Cr	294.42Cr
Liabilities
Accounts Payable, Total	1.11Cr	1.44Cr	4.08Cr	3.93Cr	3.9Cr
Accrued Expenses, Total	2.16Cr	2.89Cr	3Cr	4.68Cr	4.03Cr
Current Portion of Long-Term Debt	2.01Cr	2.19Cr	1Cr	2.85Cr	2.92Cr
Current Portion of Leases	8L	15.31L	45.14L	49.52L	46.23L
Current Income Taxes Payable	84T	56.85L	2.58Cr	-	-
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	5.41Cr	5.12Cr	5.38Cr	4.97Cr	3.88Cr
Total Current Liabilities	11Cr	12Cr	16Cr	17Cr	15Cr
Long-Term Debt	15Cr	16Cr	17Cr	14Cr	12Cr
Long-Term Leases	12.92L	21.31L	84.62L	71.88L	4.62Cr
Pension & Other Post Retirement Benefits	7L	10L	14.14L	5L	8L
Other Non Current Liabilities	13Cr	12Cr	13Cr	24Cr	27Cr
Total Liabilities	39Cr	42Cr	48Cr	56Cr	59Cr
Common Stock, Total	185.96Cr	185.96Cr	209.11Cr	209.11Cr	209.11Cr
Retained Earnings	-72Cr	-17Cr	14Cr	22Cr	23Cr
Comprehensive Income and Other	-6.06Cr	-3.92Cr	-6.36Cr	-6.87Cr	3.32Cr
Total Common Equity	108.34Cr	164.56Cr	216.34Cr	224.28Cr	235.27Cr
Total Equity	108.34Cr	164.56Cr	216.34Cr	224.28Cr	235.27Cr
Total Liabilities And Equity	147.76Cr	206.16Cr	263.87Cr	280.49Cr	294.42Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	90Cr	90Cr	93Cr	93Cr	94Cr
ECS Total Common Shares Outstanding	90Cr	90Cr	93Cr	93Cr	94Cr
Book Value / Share	1.2	1.82	2.32	2.4	2.52
Tangible Book Value	108.3Cr	164.49Cr	216.2Cr	224.15Cr	235.09Cr
Tangible Book Value Per Share	1.2	1.82	2.32	2.4	2.51
Total Debt	17Cr	19Cr	19Cr	18Cr	20Cr
Net Debt	-51Cr	-78Cr	-82Cr	-34Cr	3.56Cr
Debt Equivalent Oper. Leases	23.12L	23.12L	23.36L	22.96L	25.04L
Account Code - Inventory Valuation	6	6	6	3	3
Land - (BS)	2.81Cr	2.89Cr	-	2.78Cr	3.17Cr
Buildings, Total	70Cr	73Cr	74Cr	74Cr	190.46Cr
Machinery, Total	67.63L	76.25L	86.94L	93.82L	1.67Cr

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	16Cr	54Cr	31Cr	8.45Cr	79.9L
Depreciation & Amortization - CF	28.76L	37.81L	80.86L	57.66L	3.12Cr
Amortization of Goodwill and Intangible Assets - (CF)	44.48L	42.67L	57.12L	89.91L	1.18Cr
Depreciation & Amortization, Total	73.24L	80.48L	1.38Cr	1.48Cr	4.3Cr
Amortization of Deferred Charges, Total - (CF)	68.9L	73.93L	77.73L	72.65L	70.98L
(Gain) Loss From Sale Of Asset	-11.55L	-2L	26.11L	17.98L	-20.27L
Stock-Based Compensation (CF)	24.64L	44.19L	72.1L	71.66L	71.77L
Other Operating Activities, Total	5.53Cr	3.32Cr	-13.45L	-3.02Cr	75.96L
Change In Accounts Receivable	-2.25Cr	-8.39Cr	5.31Cr	76.28L	6L
Change In Inventories	15.25L	-1.47Cr	-1.92Cr	-49.24L	5.64Cr
Change In Accounts Payable	78.1L	2.01Cr	1.73Cr	-2.5Cr	50.73L
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	4L	-5.51Cr	-51.5L	-2.81Cr	-2.88Cr
Cash from Operations	22Cr	46Cr	39Cr	3.5Cr	10Cr
Capital Expenditure	-4.04Cr	-19Cr	-60Cr	-58Cr	-43Cr
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-10Cr	10Cr	-	-	-
Other Investing Activities, Total	21.86L	27.01L	4.1Cr	7.21Cr	2.46Cr
Cash from Investing	-14Cr	-8.36Cr	-55Cr	-51Cr	-41Cr
Long-Term Debt Repaid, Total	-18.44L	-72.56L	-91.06L	-1.62Cr	-3.9Cr
Total Debt Repaid	-18.44L	-72.56L	-91.06L	-1.62Cr	-3.9Cr
Issuance of Common Stock	43Cr	-	21Cr	-	-
Other Financing Activities, Total	-1.79Cr	-65.56L	-62.44L	-63.76L	-63.41L
Cash from Financing	41Cr	-1.38Cr	20Cr	-2.25Cr	-4.53Cr
Foreign Exchange Rate Adjustments	-33.02L	2.21Cr	1.44Cr	74.18L	-1Cr
Net Change in Cash	48Cr	38Cr	4.56Cr	-49Cr	-36Cr
Supplemental Items
Cash Interest Paid	64.31L	65.56L	62.44L	63.76L	63.41L
Cash Income Tax Paid (Refund)	3L	7L	1.46Cr	5.08Cr	2.05Cr
Levered Free Cash Flow	7.9Cr	6.65Cr	-32Cr	-53Cr	-47Cr
Unlevered Free Cash Flow	7.84Cr	6.27Cr	-33Cr	-54Cr	-47Cr
Change In Net Working Capital	-1.13Cr	9.15Cr	-7.29Cr	2.27Cr	9.78Cr
Net Debt Issued / Repaid	-18.44L	-72.56L	-91.06L	-1.62Cr	-3.9Cr

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.1	18.54	7.39	1.42	0.22
Return on Total Capital	9.89	21.22	8.29	1.62	0.25
Return On Equity %	19.61	39.63	16.31	3.84	0.35
Return on Common Equity	19.61	39.63	16.31	3.84	0.35
Margin Analysis
Gross Profit Margin %	38.19	62.13	45.91	28.64	23.33
SG&A Margin	4.95	4.22	6.19	13.26	19.15
EBITDA Margin %	33.12	57.77	39.07	15.06	8.18
EBITA Margin %	32.9	57.52	38.38	15.28	3.92
EBIT Margin %	31.99	57.05	37.6	13.34	1.79
Income From Continuing Operations Margin %	32.12	58.78	42.02	18.24	1.44
Net Income Margin %	32.12	58.78	42.02	18.24	1.44
Net Avail. For Common Margin %	32.12	58.78	42.02	18.24	1.44
Normalized Net Income Margin	20.13	36.4	29.41	14.23	1.09
Levered Free Cash Flow Margin	16.15	7.22	-43.15	-115.43	-83.82
Unlevered Free Cash Flow Margin	16.03	6.82	-44.34	-116.88	-84.85
Asset Turnover
Asset Turnover	0.41	0.52	0.31	0.17	0.19
Fixed Assets Turnover	0.74	1.28	0.69	0.28	0.25
Receivables Turnover (Average Receivables)	41.43	14.48	9.57	10.09	12.74
Inventory Turnover (Average Inventory)	4.61	4.83	4.14	2.84	2.88
Short Term Liquidity
Current Ratio	7.18	9.41	7.19	4.18	2.83
Quick Ratio	6.54	8.7	6.49	3.43	1.58
Operating Cash Flow to Current Liabilities	2	3.72	2.34	0.21	0.69
Days Sales Outstanding (Average Receivables)	8.81	25.21	38.16	36.27	28.65
Days Outstanding Inventory (Average Inventory)	79.11	75.62	88.24	128.69	126.9
Average Days Payable Outstanding	14.91	12.66	23.41	43.23	29.65
Cash Conversion Cycle (Average Days)	73.02	88.17	102.99	121.72	125.9
Long Term Solvency
Total Debt/Equity	15.99	11.57	8.8	8.2	8.59
Total Debt / Total Capital	13.78	10.37	8.09	7.58	7.91
LT Debt/Equity	14.06	10.15	8.13	6.71	7.15
Long-Term Debt / Total Capital	12.12	9.1	7.47	6.2	6.59
Total Liabilities / Total Assets	26.68	20.18	18.01	20.04	20.09
EBIT / Interest Expense	15.54	89.77	-165.87	72.61	4.42
EBITDA / Interest Expense	16.27	91.15	-174.11	89.95	23.45
(EBITDA - Capex) / Interest Expense	12.25	59.29	181.21	-590.83	-167.18
Total Debt / EBITDA	1.06	0.36	0.65	2.4	3.81
Net Debt / EBITDA	-3.1	-1.45	-2.81	-4.44	0.67
Total Debt / (EBITDA - Capex)	1.4	0.55	-0.63	-0.37	-0.53
Net Debt / (EBITDA - Capex)	-4.12	-2.24	2.7	0.68	-0.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	60.28	88.13	-19.64	-37.33	20.12
Gross Profit, 1 Yr. Growth %	290.99	206.04	-40.63	-60.9	-2.17
EBITDA, 1 Yr. Growth %	10.29T	228.18	-45.65	-75.85	-34.71
EBITA, 1 Yr. Growth %	-1.66T	228.9	-46.39	-75.05	-69.17
EBIT, 1 Yr. Growth %	-1.26T	235.53	-47.04	-77.77	-83.84
Earnings From Cont. Operations, 1 Yr. Growth %	-909.91	244.29	-42.56	-72.8	-90.55
Net Income, 1 Yr. Growth %	-909.91	244.29	-42.56	-72.8	-90.55
Normalized Net Income, 1 Yr. Growth %	-922.13	240.19	-35.08	-69.67	-90.77
Diluted EPS Before Extra, 1 Yr. Growth %	-743.81	231.85	-43.18	-73.44	-90.57
Accounts Receivable, 1 Yr. Growth %	1.06T	384.98	-53.32	-13.35	4.94
Inventory, 1 Yr. Growth %	-7.7	29.54	37.36	7.76	46.07
Net Property, Plant and Equip., 1 Yr. Growth %	-6.78	26.85	66.7	48.35	20.2
Total Assets, 1 Yr. Growth %	57.84	39.53	27.99	6.3	4.97
Tangible Book Value, 1 Yr. Growth %	109.14	51.88	31.44	3.68	4.88
Common Equity, 1 Yr. Growth %	109	51.89	31.46	3.67	4.9
Cash From Operations, 1 Yr. Growth %	570.59	113.92	-15.94	-90.96	197.93
Capital Expenditures, 1 Yr. Growth %	234.55	360.64	219.65	-2.72	-25.64
Levered Free Cash Flow, 1 Yr. Growth %	451.1	-15.88	-580.02	67.64	-12.77
Unlevered Free Cash Flow, 1 Yr. Growth %	434.82	-20.01	-622.7	65.18	-12.8
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.98	73.65	22.95	-29.04	-13.24
Gross Profit, 2 Yr. CAGR %	43.67	245.92	34.8	-51.82	-38.15
EBITDA, 2 Yr. CAGR %	62.12	1.75T	33.56	-63.77	-60.29
EBITA, 2 Yr. CAGR %	68.44	615.45	32.79	-63.43	-72.27
EBIT, 2 Yr. CAGR %	67.44	522.93	33.31	-65.69	-81.05
Earnings From Cont. Operations, 2 Yr. CAGR %	37.51	428.06	40.63	-60.47	-83.96
Net Income, 2 Yr. CAGR %	37.51	428.06	40.63	-60.47	-83.96
Normalized Net Income, 2 Yr. CAGR %	106.9	428.85	48.62	-55.62	-83.27
Diluted EPS Before Extra, 2 Yr. CAGR %	22.96	362.22	37.31	-61.15	-84.17
Accounts Receivable, 2 Yr. CAGR %	53.35	649.49	50.46	-36.4	-4.64
Inventory, 2 Yr. CAGR %	3.83	9.35	33.39	21.66	25.46
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.82	8.74	45.42	57.26	33.54
Total Assets, 2 Yr. CAGR %	29.67	48.4	33.63	16.64	5.63
Tangible Book Value, 2 Yr. CAGR %	42.23	78.22	41.29	16.74	4.28
Common Equity, 2 Yr. CAGR %	42.25	78.17	41.31	16.74	4.28
Cash From Operations, 2 Yr. CAGR %	43.72	278.75	34.1	-72.43	-48.1
Capital Expenditures, 2 Yr. CAGR %	11.94	292.57	283.72	76.34	-14.94
Levered Free Cash Flow, 2 Yr. CAGR %	231.95	115.31	100.95	183.67	20.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	207.52	106.84	104.48	193.84	20.02
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.34	36.27	34.31	-1.79	-15.43
Gross Profit, 3 Yr. CAGR %	15.54	84.86	92.24	-10.77	-38.99
EBITDA, 3 Yr. CAGR %	20.13	105.08	470.1	-24.48	-55.91
EBITA, 3 Yr. CAGR %	23.14	110.53	201.64	-23.95	-65.45
EBIT, 3 Yr. CAGR %	22.38	111.09	173.92	-26.63	-73.31
Earnings From Cont. Operations, 3 Yr. CAGR %	43.54	86.72	152.08	-18.67	-75.46
Net Income, 3 Yr. CAGR %	43.54	86.72	152.08	-18.67	-75.46
Normalized Net Income, 3 Yr. CAGR %	69.12	144.2	162.84	-12.5	-73.71
Diluted EPS Before Extra, 3 Yr. CAGR %	29.48	71.2	129.82	-20.59	-75.76
Accounts Receivable, 3 Yr. CAGR %	54.93	125.09	197.09	25.18	-24.85
Inventory, 3 Yr. CAGR %	6.78	11.78	17.98	24.23	29.31
Net Property, Plant and Equip., 3 Yr. CAGR %	1.21	6.94	25.39	46.39	43.79
Total Assets, 3 Yr. CAGR %	24.56	32.87	41.26	23.82	12.61
Tangible Book Value, 3 Yr. CAGR %	35.59	45.37	61.02	27.44	12.64
Common Equity, 3 Yr. CAGR %	35.61	45.4	61	27.45	12.65
Cash From Operations, 3 Yr. CAGR %	21.99	64.1	129.32	-45.42	-39.05
Capital Expenditures, 3 Yr. CAGR %	18.64	79.38	266.58	142.86	32.24
Levered Free Cash Flow, 3 Yr. CAGR %	147.76	110.06	181.28	89.17	91.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	103.01	96.31	181.74	90.44	95.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	20.69	29.06	14.59	4.97	12.77
Gross Profit, 5 Yr. CAGR %	55.65	107.85	22.89	7.96	22.13
EBITDA, 5 Yr. CAGR %	30.7	205.51	25.33	2.51	96.39
EBITA, 5 Yr. CAGR %	23.84	117.93	26.92	4.53	16.11
EBIT, 5 Yr. CAGR %	22.75	114.21	26.64	2.06	-5.89
Earnings From Cont. Operations, 5 Yr. CAGR %	10.8	299.12	42.37	0.34	-16.25
Net Income, 5 Yr. CAGR %	10.8	299.12	42.37	0.34	-16.25
Normalized Net Income, 5 Yr. CAGR %	11.19	54.14	60.6	23.45	-12.65
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.81	230.37	32.56	-5.41	-21.18
Accounts Receivable, 5 Yr. CAGR %	71.07	109.06	53.13	35.77	88.57
Inventory, 5 Yr. CAGR %	3.23	16.82	16.72	15.63	20.92
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.64	6.8	17	24.77	28.58
Total Assets, 5 Yr. CAGR %	13.43	23.5	28.11	26.13	25.76
Tangible Book Value, 5 Yr. CAGR %	72.4	71.11	37.84	33.16	35.33
Common Equity, 5 Yr. CAGR %	72.37	71.12	37.86	33.18	35.33
Cash From Operations, 5 Yr. CAGR %	120.28	68.38	26.69	-19.61	26.57
Capital Expenditures, 5 Yr. CAGR %	30.55	141.33	89.73	78.16	104.35
Levered Free Cash Flow, 5 Yr. CAGR %	51.18	20.59	127.85	136.88	100.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	63.94	25.42	103.6	130.68	100.26