Elevra Lithium Delivers Record Revenue but Cuts FY2026 Guidance on Short-Term NAL Constraints

An update from Elevra Lithium ( (AU:ELV) ) is now available.

In its December 2025 quarter, Elevra Lithium reported record quarterly revenue and a second-ever gross profit at its North American Lithium operation, achieved despite a challenging operating environment that saw lithium recoveries fall and spodumene concentrate output and grade decline due to lower feed grade and higher iron content from specific pit areas. The company sold 66,016 dmt of spodumene concentrate at an average realised price of US$998/dmt, up 27% quarter on quarter, maintained broadly stable unit operating costs at US$812/dmt, and ended the period with US$81 million in cash, while progressing key growth and permitting milestones across its Moblan and Carolina projects and integration work following the Sayona-Piedmont merger; at the same time, Elevra cut FY2026 production and sales guidance and lifted cost guidance to reflect short-term ore quality issues and additional spending on grade control and ore blending, while pursuing a phased expansion of NAL aimed at increasing output and lowering long-term unit costs.

The most recent analyst rating on (AU:ELV) stock is a Hold with a A$10.00 price target. To see the full list of analyst forecasts on Elevra Lithium stock, see the AU:ELV Stock Forecast page.

More about Elevra Lithium

Elevra Lithium Limited is a dual-listed lithium producer on the ASX and Nasdaq with core operations at the North American Lithium (NAL) mine and a portfolio of growth projects including Moblan in Canada, Ewoyaa in Ghana and Carolina Lithium in the United States, targeting the fast-growing battery-grade lithium supply chain across North America and other key markets.

Average Trading Volume: 1,197,145

Technical Sentiment Signal: Hold

Current Market Cap: A$1.61B

Learn more about ELV stock on TipRanks’ Stock Analysis page.