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PLS Group Limited (ASX:PLS)

ALERT: Price-sensitive ASX Announcement for PLS
Current share price for PLS : $4.150 -0.44 (-9.59%)+
Announcement
Release
30 Jan 2026 8:18AM
Price at Release
$4.590
Full Release
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Summary
PLS Group Limited's December Quarterly Activities Report highlights a solid operational performance with a production of 208.0 kt of lithium concentrate. The company reported an 8% sales increase to 232.0 kt, with average realized prices showing significant improvement. Revenue jumped by 49% to $373M due to higher pricing and sales volumes. The unit operating costs rose due to lower production volumes and inventory drawdown, but the company maintained a strong cash position of $954M. Exploration and evaluation efforts continue on various projects, including the Ngungaju plant and a potential expansion of the Pilgangoora Operation. PLS's strategic joint ventures, notably with POSCO in South Korea, aim at diversifying revenue streams and tapping into the lithium hydroxide market. Despite challenges in the Korean battery supply chain, PLS remains committed to maintaining operational flexibility and long-term growth options.
Key Points
  • PLS produced 208.0kt of lithium concentrate in the December Quarter.
  • Sales volume increased by 8% to 232.0kt.
  • Average realized sales price for spodumene concentrate was US$1,161/t.
  • Revenue increased by 49% to $373M.
  • Unit operating costs rose due to decreased production volumes.
  • Cash balance stood at $954M by the end of the Quarter.
  • Exploration activities continued at Pilgangoora and Colina projects.
  • Ngungaju plant potential restart evaluation is underway.
  • POSCO joint venture provides exposure to lithium hydroxide production.
  • Challenges in the Korean battery supply chain affected short-term demand.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.