InvestSMART

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
download
Summary
PLS Group Limited reported strong operational performance in the June 2026 quarter, achieving record annual production and sales with a 17% increase from the previous year. The Pilgangoora Operation produced 214.3 kt in the June quarter, and sales totaled 249.9 kt, generating a 31% revenue rise to AUD 743 million. The average realized price increased 13% to USD 2,107 per tonne. Despite higher diesel costs and Ngungaju plant restart expenses, unit operating costs rose. However, cash margin from operations increased by 26% to AUD 579 million. PLS also completed a USD 600 million Senior Notes offering, refinanced existing debts, and progressed feasibility studies for the P2000 and Colina Projects, with FY27 guidance issued. The Ngungaju plant restart commenced in July 2026, aligned with the company's growth strategy involving strategic capital allocation and cost management. The company ended the quarter with a cash balance of AUD 2,290 million, a 57% increase.
Key Points
  • Record annual production and sales increased by 17%.
  • FY26 guidance met for costs and exceeded for production.
  • June Quarter production of 214.3kt and record sales of 249.9kt.
  • Revenue increased by 31% to AUD 743 million.
  • Average realized price rose 13% to USD 2,107/t.
  • Unit operating cost increased due to higher diesel prices.
  • Cash margin from operations increased by 26% to AUD 579 million.
  • Cash balance rose 57% to AUD 2,290 million.
  • Completed USD 600 million Senior Notes offering.
  • Progress on P2000 and Colina Project feasibility studies.
  • Ngungaju plant restart commenced in July 2026.
  • FY27 guidance issued.
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.