Liontown Limited is pleased to release its full-year financial results for the year ended 30 June 2026.

Highlights

• Maiden NPAT of $93 million, including one-off items with underlying NPAT of $14 million on disciplined delivery as prices recovered in H2
• Record revenue of $639 million, on higher prices and increasing production and sales
• Strong underlying EBITDA of $147 million and operating cash flow of $182 million
• Transitioned Kathleen Valley to a 100% underground operation, concluding open pit mining on schedule
• Ramp up of underground now scaling with 2.8 Mtpa run-rate on track for the end of FY27
• 391,992 dmt of concentrate produced and 381,997 dmt shipped both at a weighted average grade of 5.1% Li₂O
• FY26 guidance delivered

Liontown’s Managing Director and CEO, Tony Ottaviano, said:

“In this financial year, Kathleen Valley produced its maiden profit and strong operating cash while still ramping up, helped in the second half by better prices. We generated $182 million in operating cash, with NPAT of $93 million and underlying NPAT of $14 million.

“The market handed us two very different halves in the year. Prices were weak early, so we kept costs tight and preserved cash. When the market turned, we backed our own read of it and we are now reinvesting in Kathleen Valley with the same discipline.

“We concluded open pit mining during the year. The underground ramp-up is going to plan and we are on track for 2.8 Mtpa by the end of FY27.

“As we enter FY27, our focus is safe, stable operations, delivering a business that is resilient through the cycle, and growing responsibly with FID on our Kathleen Valley expansion due next month.”