Lynas Rare Earths (LYC) ASA Queensland Investor Summit presentation summary

Market environment and demand outlook

• Significant government initiatives are driving expansion of the rare earths industry outside China, with increased customer awareness of supply chain risks and a more vibrant market emerging.

• Demand for rare earths, especially for magnets used in future-facing technologies, is forecast to grow strongly through 2030 and beyond.

• Customers are seeking greater partnerships and direct engagement, underpinning potential value creation.

Operational achievements and capacity expansion

• Mt Weld operations have expanded, with new plant construction and record NdPr concentrate production in FY25, supporting a nameplate capacity of 12ktpa NdPr.

• Kalgoorlie Rare Earths Processing Facility, Australia's first downstream rare earths plant, is integrated and ramping up to support 9ktpa NdPr finished product.

• Lynas Malaysia has increased production capacity, achieving record NdPr output and installing new rotary furnaces for efficiency.

• Investments in solar and wind power, as well as water treatment infrastructure, support sustainable operations at Mt Weld and Malaysia.

Financial performance and share price

• Net profit after tax (NPAT) has fluctuated, peaking at A$540.8m in FY22 and moderating to A$84.5m in FY25, reflecting market price trends for NdPr.

• Share price performance has been influenced by operational milestones, new product launches, and strategic initiatives.