0015 GMT - Australian lithium miner Liontown Resources delivered an in-line result, with revenue and cash flow largely pre-reported, say Barrenjoey analysts. First-half underlying Ebitda of A$66.0 million was well above of Barrenjoey and consensus estimates "given LTR took the approach of capitalizing all costs over and above revenue to effectively create a nil gross margin," the analysts say. Commercial production at the Kathleen Valley processing plant was declared effective Jan. 1, and capitalization of costs will stop from that date, they say. Depreciation was higher-than-anticipated, but net debt was as expected, say the analysts. They continue to expect Liontown will meet 2H FY25 guidance. Liontown is up 0.4% at A$0.6175. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 13, 2025 20:15 ET (00:15 GMT)

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