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Liontown Resources Limited
(Sydney:LTR)
Liontown Resources Limited (LTR) vs. iShares MSCI Australia ETF (EWA)
Liontown Resources Limited Business Overview & Revenue Model
Liontown Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 297.56M | 297.56M | 0.00 | 147.00K | 0.00 | 600.00K |
| Gross Profit | -149.59M | 13.51M | -1.38M | -322.00K | -226.00K | 600.00K |
| EBITDA | -39.58M | 1.33M | -59.31M | -21.85M | 41.59M | -10.97M |
| Net Income | -193.28M | -193.28M | -64.92M | -22.21M | 40.85M | -10.57M |
Balance Sheet | ||||||
| Total Assets | 1.56B | 1.56B | 1.38B | 655.16M | 487.06M | 15.39M |
| Cash, Cash Equivalents and Short-Term Investments | 181.93M | 181.93M | 122.95M | 305.44M | 453.08M | 12.55M |
| Total Debt | 831.10M | 831.10M | 460.91M | 121.27M | 231.00K | 75.55K |
| Total Liabilities | 982.97M | 982.97M | 614.85M | 205.42M | 20.21M | 1.90M |
| Stockholders Equity | 580.57M | 580.57M | 770.07M | 449.74M | 466.85M | 13.49M |
Cash Flow | ||||||
| Free Cash Flow | -329.98M | -329.98M | -712.75M | -249.01M | -60.28M | -8.32M |
| Operating Cash Flow | 713.00K | 713.00K | -47.02M | -16.35M | -47.01M | -8.23M |
| Investing Cash Flow | -330.69M | -330.69M | -680.79M | -244.07M | -13.95M | 1.41M |
| Financing Cash Flow | 374.44M | 362.60M | 545.31M | 112.78M | 501.49M | 14.11M |
Liontown Resources Limited Technical Analysis
Liontown Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$477.16M | -30.08 | -179.67% | ― | -100.00% | -6.00% | |
52 Neutral | AU$494.91M | -11.25 | -90.12% | ― | ― | -98.20% | |
51 Neutral | AU$421.64M | 2.90 | 145.87% | ― | 45.56% | ― | |
46 Neutral | €5.63B | -21.23 | -28.04% | ― | ― | -184.29% | |
44 Neutral | AU$391.80M | -13.03 | -45.39% | ― | ― | -91.89% | |
43 Neutral | AU$1.69B | -10.12 | -17.30% | ― | 16.06% | -50.94% |
Liontown Resources Limited Corporate Events
Liontown Limited has applied for quotation on the ASX of 239,460,858 new fully paid ordinary shares, to be issued on 4 February 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, expanding the company’s quoted share base and potentially providing additional capital flexibility as it advances its resource development activities and positions itself within the critical minerals supply chain.
The most recent analyst rating on (AU:LTR) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources has released an investor presentation dated 29 January 2026 outlining its December quarter FY26 results and operational context for the Kathleen Valley Lithium Operation. The document is framed as high-level, non-exhaustive information for investors, emphasising that it is not a prospectus or financial product advice and that all financial figures are in Australian dollars. Liontown stresses extensive disclaimers around the adequacy and completeness of the material, highlights the inherent uncertainties in mining operations and market conditions, and notes that previously reported production targets remain underpinned by existing JORC-compliant ore reserves with no material changes to underlying assumptions. The board-authorised release reinforces that any performance expectations are subject to significant operational, economic and regulatory risks, underlining the need for investors to rely on their own due diligence and professional advice.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$1.70 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources reported a pivotal December quarter as it completed the transition of its flagship Kathleen Valley project to a fully underground operation, achieving a 21% quarter-on-quarter increase in concentrate production to 105,342 dmt at 5.1% Li₂O and a 37% lift in underground ore mined to 308 kt. The shift underground helped drive a 17% reduction in unit operating costs to A$910/dmt FOB and a 22% improvement in all-in sustaining costs to A$1,059/dmt, allowing the business to be broadly cashflow-neutral from operations, while revenue surged 91% to A$130 million on six concentrate shipments totalling 112,122 dmt. With an underground run-rate of 1 Mtpa already achieved, Liontown is targeting 1.5 Mtpa by the end of the third quarter of FY26 and 2.8 Mtpa steady-state by the end of FY27, underpinned by improving lithia recoveries as higher-grade underground ore becomes the dominant feed. The company also strengthened its commercial position through an inaugural spodumene spot auction that cleared at US$1,254/dmt SC6 and a new binding offtake agreement with Canmax for 150,000 wmt per year in 2027 and 2028, leaving it with A$390 million in cash and 13,800 dmt of saleable inventory going into the next phase of ramp-up.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$1.70 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Limited has announced that LG Energy Solution will convert its entire US$250 million convertible note, including accrued interest, into approximately 239 million Liontown shares, giving the Korean battery manufacturer an estimated 8% equity stake. The move retires the convertible note, cuts future interest costs and leaves Liontown with only its A$300 million Ford facility and a A$15 million Western Australian Government interest-free loan as borrowings, alongside A$390 million in cash, significantly simplifying its capital structure and strengthening its balance sheet. Management framed the conversion as a strong endorsement of the tier-one quality of the Kathleen Valley lithium project and Liontown’s execution, deepening LG Energy Solution’s role as both a cornerstone shareholder and long-term offtake customer, a strategic combination expected to enhance Liontown’s positioning in the battery materials supply chain as it scales production.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$1.70 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources has scheduled a webcast on 29 January 2026, to be led by CEO and Managing Director Tony Ottaviano, to discuss its Quarterly Activities Report for the period ended 31 December 2025. The briefing, aimed at investors, analysts and media, underscores the company’s efforts to maintain transparent engagement with capital markets as it advances development of its Western Australian lithium portfolio and positions itself as a key supplier to the battery minerals supply chain.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$1.70 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Limited has completed open pit mining at its Kathleen Valley Lithium Operation on schedule, marking a transition to a fully underground mining operation and establishing Australia’s first large-scale underground lithium mine. The open pit phase provided critical waste rock for key infrastructure such as the ROM pad and tailings storage facility and generated clean ore that enabled early commissioning and ramp-up of the processing plant, with production in the last two quarters exceeding targets and building strategic stockpiles that will underpin mill feed and feed security through early FY27. Underground development and production are progressing as planned, delivering consistent high-quality ore to the mill and giving the operation flexibility to prioritise higher-margin ore and scale output in line with market demand, reinforcing Liontown’s growth trajectory and operational resilience in the lithium sector.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Van Eck Associates Corporation has notified Liontown Resources that it has ceased to be a substantial shareholder in the company as of 17 November 2025, following a series of in‑kind and securities transactions executed through various VanEck entities. The change, detailed in a statutory Form 605 filing, indicates that one of Liontown’s prominent institutional investors has reduced its holding below the substantial shareholder threshold, potentially altering the company’s share register dynamics and signalling a shift in institutional ownership sentiment toward the stock.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Limited has released a revised Securities Trading Policy, lodged in line with ASX listing requirements and now available via the corporate governance section of its website, underscoring the company’s focus on maintaining robust governance standards around trading in its securities. The updated policy signals continued attention to compliance and transparency as Liontown advances its lithium assets and broader battery minerals strategy, a key consideration for investors and other stakeholders monitoring governance practices in the rapidly evolving critical minerals sector.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Limited has executed a binding Offtake Agreement with Canmax Technologies, a leading producer of lithium chemicals, for the supply of 150,000 wet metric tonnes of spodumene concentrate annually in 2027 and 2028. This agreement, which uses a pricing formula based on spodumene concentrate indices, complements Liontown’s existing customer arrangements and supports its strategy to diversify its customer base geographically and across the battery value chain.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$1.00 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited has announced that Van Eck Associates Corporation and its associates have ceased to be substantial holders in the company as of November 28, 2025. This change in substantial holding may impact the company’s shareholder structure and could influence its market strategies and investor relations.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.65 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Limited has officially changed its name from Liontown Resources Limited following shareholder approval at the 2025 Annual General Meeting. The name change, recorded by the Australian Securities and Investments Commission, will be reflected in the ASX trading from December 4, 2025. This rebranding aligns with the company’s strategic focus on expanding its presence in the battery minerals sector, potentially enhancing its market positioning and stakeholder engagement.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.65 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited announced a change in the director’s interest, specifically regarding the securities held by Antonino (Tony) Ottaviano through the SIAM Family Trust. The change involves the acquisition of short-term and long-term performance rights as part of Mr. Ottaviano’s remuneration arrangement, following shareholder approval at the company’s recent Annual General Meeting. This adjustment in director’s interest reflects the company’s commitment to aligning executive incentives with shareholder interests, potentially impacting the company’s governance and operational strategies.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.85 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited has announced the issuance of unquoted equity securities, including performance rights for FY25 and FY26, as well as sign-on rights. This move is part of their employee incentive scheme and reflects the company’s commitment to aligning employee interests with long-term corporate goals. The issuance of these securities is likely to enhance employee motivation and retention, potentially strengthening the company’s operational capabilities and competitive positioning in the lithium market.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.85 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited announced the issuance of 378,704 performance rights under its FY25 long-term incentive scheme. These unquoted securities are part of an employee incentive program, reflecting the company’s commitment to aligning employee interests with its strategic goals and long-term growth objectives.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.85 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited has announced the application for the quotation of 22,485 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, indicating the company’s efforts to align employee interests with its growth and operational goals, potentially enhancing its market position and stakeholder value.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.85 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited announced that all resolutions were passed at its 2025 Annual General Meeting. The resolutions included the re-election of directors, approval of remuneration rights, and a change of company name, reflecting a strong shareholder backing and strategic direction for the company.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.85 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited has successfully transitioned to a fully underground lithium mining operation at its Kathleen Valley site, enhancing productivity and output as it ramps up to full production. The company has shipped over 360,000 dry metric tonnes of spodumene concentrate globally and has strengthened its balance sheet with a $372 million capital raise. This financial boost supports the completion of the underground transition and positions Liontown for potential acquisitions aligned with its long-term strategy, which includes fulfilling Kathleen Valley’s potential, evaluating downstream opportunities, and expanding its portfolio.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.85 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited announced that it will webcast its 2025 Annual General Meeting on November 26, 2025, allowing shareholders to view proceedings and submit questions online. This move enhances shareholder engagement by providing access to those unable to attend in person, although voting will not be facilitated through the webcast.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$1.52 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited successfully conducted its first digital spot sales auction for 10,000 wet metric tonnes of spodumene concentrate via the Metalshub platform, attracting over 50 qualified buyers from nine countries. The winning bid of US$1,254/dmt for SC6.0-equivalent product highlights the effectiveness of providing equitable and competitive access to quality products. This auction outcome validates Liontown’s strategy and indicates an improving market with increased buyer confidence. The company plans to continue holding online auctions as part of its ongoing operations.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$1.52 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited has announced a change in the director’s interest notice, involving Antonino (Tony) Ottaviano, who has disposed of 1,407,879 fully paid ordinary shares through an on-market trade. This transaction was conducted to satisfy personal tax obligations related to various performance rights incentives. The change reflects a strategic financial decision by the director, which may have implications for the company’s stock performance and investor perception.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$1.52 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited has partnered with Metalshub to launch its first spodumene concentrate auction, marking a significant step in the commercialisation of its Kathleen Valley Lithium Operation. This collaboration aims to enhance price transparency and streamline the sales process, potentially benefiting customers, shareholders, and partners in the clean energy supply chain.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.65 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited announced a change in the director’s interest, specifically involving Antonino (Tony) Ottaviano, who exercised vested performance rights, resulting in an increase in his indirect holding of fully paid ordinary shares. This change reflects the company’s ongoing commitment to aligning management incentives with shareholder interests, potentially impacting the company’s governance and stakeholder confidence positively.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.65 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
Liontown Resources Limited announced the issuance of 558,806 new ordinary fully paid securities as part of their ongoing capital management strategy. This move is likely to strengthen the company’s financial position and support its growth initiatives in the lithium sector, potentially enhancing its market standing and offering value to stakeholders.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.65 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.