Operator
Dear guests, thank you for coming. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to the Elevra Lithium September Quarterly Results Webcast. [Operator Instructions]
I would now like to turn the conference over to Lucas Dow, Managing Director and Chief Executive Officer. Lucas, please begin.
Lucas Dow
CEO, MD & Director
Welcome, and thank you for joining us for the September 2026 Elevra Lithium Quarterly Update. I am joined today by Christian Cortes, Chief Financial Officer; Sylvain Collard, Chief Operating Officer and President of Canada; and Andrew Barber, Chief Development and Investor Relations Officer.
As a reminder, dollar amounts quoted are currently in US dollars and unit costs and profits are reported on an FOB basis. The September quarter was a strong start to FY ’27. At NAL, we delivered the ore mine record, the record for factory production and the second highest concentration production in the history of operations. We sold 58,134 tons of spodumene concentrate, 71% more than the last quarter, which led to a 137% increase in revenue to $ 74 million. Unit operating costs fell 14% to $780 per ton sold, and we finished the quarter with $319 million in cash.
Beyond strong operational performance, NAL’s expansion extends to execution. We signed 2 offtake agreements, and we further simplified our portfolio by selling our interest in Ewoyaa. When