FY23 full year results deliver record profit of US$524.6 million¹
BRISBANE, Australia, Aug. 21, 2023 (GLOBE NEWSWIRE) — Allkem Limited (ASX|TSX: AKE, “Allkem” or the “Company”) provides financial results for the Allkem Group (the Group) for the year ended 30 June 2023.
HIGHLIGHTSRecord annual group revenue of US$1,207.8 million achieved, a ~1.6x increase year on year (“YoY”)
Excellent operating performance and highly supportive market conditions generated group gross profit of US$1,065.8 million with group EBITDAIX of US$909.8 million and consolidated net profit after tax from continuing operations of US$524.6 million
The Olaroz Lithium Facility2 achieved record annual production of 16,703 tonnes, ~30% higher YoY and from the prior record in FY22
Record revenue at Olaroz increased 102% to total US$592.2 million on sales of 13,186 tonnes of lithium carbonate including US$12.3 million of revenue...