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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 297.56M | 0.00 | 147.00K | 0.00 | 600.00K |
| Gross Profit | 13.51M | -1.38M | -322.00K | -226.00K | 600.00K |
| EBITDA | 1.33M | -59.31M | -21.85M | 41.59M | -10.97M |
| Net Income | -193.28M | -64.92M | -22.21M | 40.85M | -10.57M |
Balance Sheet | |||||
| Total Assets | 1.56B | 1.38B | 655.16M | 487.06M | 15.39M |
| Cash, Cash Equivalents and Short-Term Investments | 181.93M | 122.95M | 305.44M | 453.08M | 12.55M |
| Total Debt | 831.10M | 460.91M | 121.27M | 231.00K | 75.55K |
| Total Liabilities | 982.97M | 614.85M | 205.42M | 20.21M | 1.90M |
| Stockholders Equity | 580.57M | 770.07M | 449.74M | 466.85M | 13.49M |
Cash Flow | |||||
| Free Cash Flow | -329.98M | -712.75M | -249.01M | -60.28M | -8.32M |
| Operating Cash Flow | 713.00K | -47.02M | -16.35M | -47.01M | -8.23M |
| Investing Cash Flow | -330.69M | -680.79M | -244.07M | -13.95M | 1.41M |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$427.76M | 3.00 | 145.87% | ― | 45.56% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$559.60M | -13.07 | -90.12% | ― | ― | -98.20% | |
49 Neutral | AU$614.55M | -40.63 | -179.67% | ― | -100.00% | -6.00% | |
46 Neutral | €5.47B | -21.61 | -28.04% | ― | ― | -184.29% | |
44 Neutral | AU$360.87M | -12.32 | -45.39% | ― | ― | -91.89% | |
43 Neutral | AU$1.62B | -9.93 | -17.30% | ― | 16.06% | -50.94% |
Liontown Resources Limited Corporate Events
Citigroup Global Markets Australia Pty Limited and its related Citi group entities have notified Liontown Ltd that they have ceased to be a substantial holder in the company as of 2 March 2026, in relation to its ordinary fully paid shares. The change follows a previously disclosed position on 27 February 2026 and reflects adjustments in their relevant interests under Australian substantial holding rules.
Citigroup’s substantial holding status ended after a sale agreement entered on 25 February 2026 with LG Energy Solution Ltd resulted in the settlement of 239,460,858 Liontown shares on 2 March 2026, extinguishing a technical relevant interest that had arisen on signing. The exit of a major institutional holder could alter Liontown’s shareholder base composition and potentially influence market perceptions of liquidity and ownership concentration in the stock, although no new substantial holder is disclosed in this notice.
The most recent analyst rating on (AU:LTR) stock is a Hold with a A$1.50 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 lodged a notice under Australia’s Corporations Act confirming it has ceased to be a substantial holder of its own shares that were previously subject to a deemed relevant interest. The change follows LG Energy Solution’s sale of 239,460,858 Liontown ordinary shares, which had been covered by voting and disposal restrictions under a 2024 convertible note subscription agreement.
With LGES no longer holding those shares, Liontown’s deemed relevant interest in them has ended, and no new or changed associate relationships have been disclosed. The move simplifies Liontown’s substantial holding profile and may clarify its capital structure and governance dynamics for investors following the earlier strategic funding arrangements with LGES.
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 23 February 2026 outlining summary information on its current activities, notably the status of its Kathleen Valley and Buldania lithium projects. The document emphasises that it is general in nature, not a prospectus or financial product advice, and should be read alongside the company’s other ASX disclosures.
The release is dominated by disclaimers on forward-looking statements, risk factors and reliance on third-party market data, stressing that future performance is uncertain and subject to operational, macroeconomic and commodity price conditions. It also restates reliance on previously reported JORC-compliant mineral resource and ore reserve estimates for Kathleen Valley and Buldania, with the company confirming there is no new material information altering those prior technical and production target disclosures.
The most recent analyst rating on (AU:LTR) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
State Street Corporation, through various asset management and trustee subsidiaries including SSGA Funds Management, State Street Global Advisors Trust Company and related entities, has lodged a Form 605 notice stating it has ceased to be a substantial holder in Liontown Limited as of 5 February 2026. The change indicates that this major institutional investor’s voting power in Liontown has fallen below the substantial holding threshold, potentially altering the company’s share register composition and reducing the influence of State Street–related entities on Liontown’s corporate governance dynamics.
The most recent analyst rating on (AU:LTR) stock is a Hold with a A$1.75 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 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.