Elevra Lithium Ltd (ELVR) Form 6-K — Aug 31, 2026
Elevra Lithium Limited filed its FY2026 annual results (year ended 30 June 2026) via Form 6-K, reporting revenue of US$201.7 million, up 39% year over year, and a swing to a US$43.1 million profit attributable to members from a US$190.5 million loss in FY25. The turnaround was driven by a 57% increase in average realised selling prices, a US$156 million reversal of the NAL impairment, and merger synergies, though underlying EBITDA was a modest US$14 million alongside a US$44 million operating cash outflow.
Key figures
- Eps
- 27.61 cents basic / 26.84 cents diluted (US$)
- Revenue
- 201675000
- Net Income
- 44390000
- Revenue Yoy
- 39%
- Total Assets
- 905321000
- Cash Position
- 255279000
- Trifr
- 6.9 (FY25: 20.8, a 67% improvement)
- Ore Mined
- 1.47 million wmt (up 14%)
- Net Assets
- 727166000
- Revenue China
- 170349000
- Nal Ore Reserves
- 48.6 Mt at 1.11% Li2O (+124% vs March 2023)
- Total Liabilities
- 178155000
- Underlying Ebitda
- 14345000
- Moblan Ore Reserves
- 48.1 Mt at 1.31% Li2O (+39%)
- Share Purchase Plan
- US$11 million (A$16 million), ~1.275 million shares at A$12.20
- Impairment Reversal
- US$156.0 million (NAL)
- Nal Mineral Resource
- 95 Mt at 1.15% Li2O (+8%)
- Revenue United States
- 31326000
- Carry Forward Tax Losses
- US$422.4 million
- Institutional Placement
- US$196 million (A$275 million) at A$12.20/share, ~22.5 million shares
- Top Customer Revenue Share
- 76% (top three customers: 100%)
- Annualised Merger Synergies
- US$19 million (US$15 million realised in FY26)
- Nal Expansion Target Capacity
- approximately 338,000 dmt per annum
- Tabba Tabba Sale Consideration
- US$3.5M cash + US$5.6M Wildcat shares + US$2.1M deferred
- Net Tangible Assets Per Security
- 3.52
- Ewoyaa Divestment Gross Proceeds
- approximately US$71 million (close expected Q1 FY27)
- Unit Operating Cost Per Tonne Sold
- 853
- Net Income Attributable To Members
- 43068000
- Spodumene Concentrate Production
- 197,967 dmt (down 3% YoY)
- Canada Growth Fund Convertible Notes
- US$102 million (C$145 million) commitment; Tranche 1 ~US$46 million issued 31 July 2026 at A$17.17 conversion price; Tranche 2 ~US$56 million conditional
- Average Realised Selling Price Change
- up 57%
- Unit Operating Cost Per Tonne Produced
- 861
- Huayou Acquisition Of Atlantic Lithium
- US$210 million (Elevra is an Atlantic shareholder)
AI analysis
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