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PLS Group Limited (ASX:PLS)

ALERT: Price-sensitive ASX Announcement for PLS
Current share price for PLS : $4.870 0.77 (18.78%)+
Announcement
Release
30 Jul 2026 8:00AM
Price at Release
$4.100
Full Release
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Summary
PLS Group Limited reported a significant increase in revenue and cash balance for the June Quarter FY26, driven by record sales, strategic pricing, and strong operational cash generation. The company's production and sales volumes were notable, although operating costs increased due to plant restarts and fuel prices. PLS is focused on growing its operations, with potential expansions at Pilgangoora, and diversifying through projects like the Colina Project in Brazil and investments in chemical facilities in South Korea. Looking forward to FY27, PLS plans to enhance production, diversify geographically, and invest in infrastructure and development projects.
Key Points
  • PLS Group Limited experienced a 31% revenue increase to $743 million for the June Quarter FY26, attributed to record sales and strong USD pricing.
  • The company's cash balance rose by 57% to $2.29 billion, driven by operational cash generation and proceeds from a US$600 million bond issuance.
  • Production volume was 214.3 kilotonnes, while sales volume reached 249.9 kilotonnes.
  • Unit operating costs increased due to the restart of the Ngungaju plant and fuel price hikes.
  • Cash margin from operations was $579 million, underpinned by strong sales and pricing.
  • Capital expenditure totaled $162 million, with significant investment in mine development and infrastructure.
  • The company is planning a potential expansion of Pilgangoora Operation to increase production capacity to ~2Mtpa.
  • PLS is investing in the Colina Project in Brazil as part of its diversification strategy.
  • The company holds an 18% interest in the POSCO Pilbara Lithium Solution (P-PLS) Lithium Hydroxide facility in South Korea.
  • For FY27, PLS aims to maximize production and cash generation from the Pilgangoora Operation, advance the Colina project, and progress the P2000 expansion.
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.