Lynas Rare Earths Limited (ASX:LYC)

Lynas Rare Earths Cash Flow Statement

Financials in millions AUD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net Income	82.35	7.99	84.51	310.67	540.82	157.08
Depreciation & Amortization	61.56	43	14.76	13.8	8.05	7.32
Other Amortization	7.1	7.1	7.27	7.77	7.39	6.89
Loss (Gain) From Sale of Assets	-2.03	-2.03	1.8	2.61	-0.23	-1.16
Stock-Based Compensation	7.18	7.18	7.17	7.21	4.42	2.46
Other Operating Activities	-60.52	7.6	-30.16	-1.35	32.51	55.27
Change in Accounts Receivable	0.65	0.65	7.63	53.11	-83.92	-22.52
Change in Inventory	56.4	56.4	-4.92	-19.17	-14.68	1.53
Change in Accounts Payable	5.07	5.07	-24.96	17.26	20.77	7.81
Change in Other Net Operating Assets	-28.79	-28.79	-28.12	-5.15	-55.07	0.38
Operating Cash Flow	128.97	104.17	34.96	386.75	460.07	215.07
Operating Cash Flow Growth	63.23%	197.93%	-90.96%	-15.94%	113.92%	570.59%
Capital Expenditures	-274.74	-430.82	-579.34	-595.52	-186.3	-40.44
Investment in Securities	-285.18	-	-	-	100	-100
Other Investing Activities	28.69	24.63	72.12	41.01	2.7	2.19
Investing Cash Flow	-531.24	-406.19	-507.22	-554.5	-83.6	-138.26
Long-Term Debt Repaid	-	-38.96	-16.16	-9.11	-7.26	-1.84
Net Debt Issued (Repaid)	-40.1	-38.96	-16.16	-9.11	-7.26	-1.84
Issuance of Common Stock	932.57	-	-	214.35	-	425.32
Other Financing Activities	-24.58	-6.34	-6.38	-6.24	-6.56	-17.89
Financing Cash Flow	867.9	-45.3	-22.54	199	-13.81	405.59
Foreign Exchange Rate Adjustments	-28.29	-10.03	7.42	14.37	22.1	-3.3
Net Cash Flow	437.34	-357.35	-487.37	45.63	384.76	479.1
Free Cash Flow	-145.77	-326.66	-544.38	-208.76	273.77	174.62
Free Cash Flow Growth	-	-	-	-	56.78%	773.89%
Free Cash Flow Margin	-20.36%	-58.70%	-117.50%	-28.24%	29.76%	35.71%
Free Cash Flow Per Share	-0.15	-0.35	-0.58	-0.23	0.30	0.20
Cash Interest Paid	5.69	6.34	6.38	6.24	6.56	6.43
Cash Income Tax Paid	15.08	20.5	50.77	14.61	0.68	0.27
Levered Free Cash Flow	-305.25	-466.49	-534.76	-318.99	66.45	79
Unlevered Free Cash Flow	-309.54	-472.18	-541.49	-327.81	62.72	78.4
Change in Working Capital	33.33	33.33	-50.38	46.04	-132.89	-12.81

Source: S&P Global Market Intelligence. Standard template. Financial Sources.