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Lynas Rare Earths Ltd (ASX:LYC) saw its net profit after tax (NPAT) in the first quarter of the 2025 fiscal year plunge by 85%, to $5.9 million (from $39.5M in 1H24), despite an 8% rise in revenue, which came in at $254.3 million.
The company said its earnings (EBITA: earnings before interest, taxes, depreciation and amortization) had also been lower, at $38.1M compared to $62.6M in the prior corresponding period.
CEO and managing director Amanda Lacaze said the dipping numbers were largely due to lower pricing.
“In the December half of the 2025 financial year, Lynas increased NdPr production, sales volume and revenue versus the prior corresponding period,” she explained.
“The reduced profit recorded for the period reflected low market prices.
“Compared to the prior corresponding period, there was a 22% increase in NdPr production volume to 2,969t. Sales revenue increased to $254.3m due to the increased NdPr sales volume.
“This was achieved despite the average China domestic price of NdPr (VAT excluded) decreasing from US$56/kg in December 2023 to US$49/kg in December 2024. NdPr family sales volumes increased by 23% during the period.”
Lynas has been trading at $6.97.
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