Mining

• First, its share of TLEA's net profit, which reflects Greenbushes and the Kwinana lithium hydroxide refinery; this was A$114.3 million for the quarter, slightly lower than the previous quarter.

• Revenue fell 22% while EBITDA fell 77%, which shows high operating leverage:Miningand processing costs are largely fixed, so lower prices cut profit more than revenue.

• In FY26, 47% of groupRevenuewas platform-enabled, a measure management uses to show how much revenue is tied to that integrated offering rather than standalone product sales.

• The December 2025 quarter coverage reported that a US$47.1 million Department of War grant was fully obligated, with a further US$46.5 million of grant funding remaining available.

• Gold sold was 86,125 ounces at an average of US$4,176 per ounce and silver sold was 739,238 ounces at US$61.28 per ounce.

• The A$389 million expansion is targeted at lifting steady-state output to a five-year average of 780,000 dry metric tonnes a year from FY30, peaking above 800,000 dry metric tonnes in FY34.

• In the December 2025 quarter, Lynas said the average selling price of A$85.60 per kilogram was helped by higher benchmark prices and a larger share of such sales.