Astron reported consolidated net profit after tax of $15.7 million, excluding share-based payment expenses, for the year ended 30 June 2026, down $3.4 million from the prior year. The company said the result was shaped by non-cash and one-off items, including a gain related to its equity-accounted Donald Project joint venture investment and a fair-value gain on its Energy Fuels shareholding.
The company said its Yingkou mineral separation facility generated sales revenue of $13.5 million during FY2026, up 23% year-on-year, while gross profit rose to $1.5 million from $0.3 million. Astron attributed the operating improvement to the segment despite competition, softer pricing and adverse currency movements.
At the Donald rare earths and mineral sands project in Victoria, Astron said it had begun site-establishment and clearing works, procured long-lead items and completed manufacture of spirals for the wet concentrator plant. It also completed a 14km raw-water pipeline to the project site, while continuing to advance project financing ahead of a potential final investment decision.
Astron said the March 2026 bankable feasibility study estimated a pre-tax net present value of $759 million and a 19.3% pre-tax internal rate of return for Donald Phase 1, with first production targeted for 2028. These are company study estimates and remain subject to financing and a final investment decision.
Source: Download ATR official ASX announcement, 2026-09-23.
Aerial cover image from Astron Limited’s 2026 Annual Report announcement, dated 23 September 2026.