Elevra Lithium FY26 slides: first profit post-merger on pricing gains
Elevra Lithium (ASX:ELV, NASDAQ:ELVR) published its fiscal 2026 full-year results on August 28, 2026, marking the company's first profit since the merger of Sayona Mining and Piedmont Lithium. The turnaround was driven by stronger lithium pricing and successful integration synergies, despite a slight decline in production volumes.
Revenue surged 39% to $202 million and underlying EBITDA turned from a loss in fiscal 2025 to a profit in the current fiscal year. Cash resources expanded to $255 million, enabling the company to carry out a fully funded expansion at its North American Lithium (NAL) operation in Quebec.
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