Livium Ltd announces a further A$335,000 distribution from its 50% stake in the LieNA joint venture, following receipt of a substantial R&D tax incentive rebate for FY25. The joint venture remains well-funded through FY27, supporting ongoing lithium extraction technology development.
- LieNA Pty Ltd received A$654,166 R&D tax incentive rebate for FY25
- LieNA approved A$670,000 distribution to shareholders, Livium’s share A$335,000
- LieNA remains funded through to end of FY27 for commercialisation efforts
- Livium accounts for its 50% interest under equity method; distributions included in consolidated reporting
- Previous distribution of A$173,000 received in September 2025
Joint Venture Distribution Signals Progress
Livium Ltd (ASX – LIT) has announced a further distribution of A$335,000 from its 50% interest in LieNA Pty Limited, a joint venture with Mineral Resources Limited. This follows LieNA’s receipt of a significant A$654,166 research and development (R&D) tax incentive rebate from the Australian Tax Office for the 2025 financial year. The rebate has enabled the joint venture to approve a total distribution of A$670,000 to shareholders, subject to member approval of an equal capital reduction.
LieNA’s ability to generate R&D tax incentives underscores the ongoing innovation and development within its lithium extraction technology. This latest distribution builds on a previous payment of A$173,000 received by Livium in September 2025, reflecting steady progress in the joint venture’s commercialisation pathway.
Financial Position and Strategic Outlook
According to Livium’s CEO and Managing Director, Simon Linge, LieNA remains well-funded through to the end of the 2027 financial year. This financial runway supports modest ongoing costs and the next phases of technology development, preserving flexibility for future partnerships and monetisation opportunities. The joint venture’s funding status is a positive signal for investors, indicating that the project is advancing without immediate capital constraints.
Livium accounts for its 50% interest in LieNA under the equity method, meaning that cash held by the joint venture does not appear in Livium’s consolidated cash flow reports or quarterly Appendix 4C disclosures. However, distributions received from LieNA are included in Livium’s consolidated financial reporting, providing shareholders with tangible returns from the joint venture’s activities.
Broader Implications for Livium’s Growth
Livium is Australia’s leading battery recycler through its subsidiary Envirostream and is expanding into adjacent sectors such as rare earth element recycling and solar panel processing. The LieNA joint venture, with its patented lithium extraction process, complements these efforts by targeting critical materials essential to clean energy supply chains. Additionally, Livium’s portfolio includes VSPC, a developer of lithium ferro phosphate cathode materials, further positioning the company in the evolving battery materials market.
The steady flow of distributions from LieNA, backed by R&D incentives, suggests that Livium’s strategy of combining recycling with innovative lithium extraction technologies is gaining traction. While the company remains cautious about forward-looking statements, the current financial and operational signals point to a measured but positive trajectory.
Bottom Line?
LieNA’s continued funding and distributions keep Livium’s lithium extraction ambitions on track, but investor eyes will remain on commercial milestones ahead.
Questions in the middle?
- When will member approval for the equal capital reduction be finalized?
- What are the next commercialisation milestones for LieNA’s lithium extraction technology?
- How might future partnerships or monetisation opportunities impact Livium’s financial outlook?