Dec. 6 at 10:52 AM
$USAR Direct public financials for Less Common Metals Ltd (UK rare‑earth alloy producer) are limited because it is privately held, but UK Companies House filings indicate it was profitable in 2024. Its abbreviated statutory accounts for the year ended 31 March 2024 show a positive profit and loss result and retained earnings increase year‑over‑year, implying net profit for the period[2]. The filing also notes revenue growth driven by rare‑earth alloy demand and improved operating efficiency in 2023–2024[2].
Context:
Less Common Metals Ltd manufactures specialty rare‑earth alloys (e.g., NdFeB master alloys) and serves magnet and EV supply chains; profitability is sensitive to rare‑earth prices and UK energy costs[2].
As a private SME, it files condensed accounts; detailed income statements aren’t publicly disclosed, but retained earnings movements and directors’ reports provide the profitability signal for FY2024[2].
