Strongest financial quarter since production commenced — positive net cash flow of $33 million recorded

The March Quarter saw Liontown’s strongest financial quarter since production commenced with $33 million in positive net cash flow achieved. The 1.5Mtpa annualised underground run-rate was achieved early in the quarter, ahead of schedule. Liontown enters the June Quarter with strong operational momentum and remains on track to meet FY2026 guidance.

Highlights:

Financial performance

• $424 million cash at quarter-end with 26,270 dmt saleable inventory on hand. Additional cash receipts of $64 million, associated with a shipment completed at the end of March, were received in April
• $55 million positive cash flow from operating activities
• $33 million of positive net cash flow for the quarter
• US$1,845/dmt SC6e realised price received

Operational performance

• 1.5 Mtpa annualised underground run-rate achieved in early Q3, ahead of schedule
• 96 kdmt spodumene concentrate produced
• 84 kdmt concentrate sold across five parcels at an average grade of 5.1% Li2O

Strategic milestones

• $482 million reduction in liabilities (debt and derivative) from the balance sheet upon conversion of LG Energy Solution convertible notes, the Company is in a net cash position of $61 million1 at 31 March 2026
• Commenced refresh of the expansion study, with early works and long-lead procurement commitments made
• FY2026 guidance maintained.