Full Year 2026 Elevra Lithium Ltd Earnings Call Transcript
Key Points
- Revenue increased 39% to $202 million, driven by a 57% rise in average realized prices to $1,092 per tonne.
- Group underlying EBITDA turned positive at $14 million, a significant improvement from a $43 million loss in the prior year.
- Cash balance strengthened to $255 million, with an additional $65 million received post-period from convertible bonds, fully funding the NAL expansion.
- Safety performance improved dramatically, with total recordable injury frequency rate down 67%.
- NAL brownfield expansion is fully funded and underway, expected to increase production capacity to 338,000 tonnes and reduce unit costs to $628 per tonne.
- Strategic portfolio optimization included divesting non-core assets and securing a new offtake agreement with Mangrove Lithium, featuring a $1,000 floor price and no ceiling.
- Production declined 3% to 198,000 tonnes, with sales down 13% due to shipment timing and port transition.
- Unit operating costs increased 2% to $853 per tonne, with FY27 guidance higher at $880-$950 due to elevated stripping activity.
- Cash flow from operations was weak, with only $3 million generated at NAL, impacted by outstanding receivables and inventory buildup.
- Corporate costs rose significantly to $30 million, including a $7 million loss on hedge settlements.
- Potential US tariffs on Canadian goods could impact sourcing for the expansion, though alternate solutions are being evaluated.
- The Mobilan project remains in study phase, with an updated scoping study not expected until December 2026, delaying potential growth.
Hello, and thank you for standing by. My name is Lacey, and I will be your conference operator today. At this time, I would like to welcome everyone to the Elevra Lithium Limited fiscal year '26 full-year results conference call. (Operator Instructions)
I would now like to turn the call over to Lucas Dow, Managing Director and CEO. Please go ahead.
Welcome, everyone. I'm Lucas Dow, Managing Director and CEO and Elevra Lithium and I'm pleased to present the Elevra Lithium financial year 2026 year results. I'm joined today by Christian Cortes, Chief Financial Officer; Sylvain Collard, Chief Operating Officer and President, Canada; and Andrew Barber, Chief Development and Investor Relations Officer.
Our agenda for today's call is described on slide 2. Specifically, we will cover our operational and financial results, provide an update on our strategy and achievements during the year, provide a market update, I conclude with our financial year 2027 guidance. I
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
