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PLS Group Limited (ASX:PLS)

ALERT: Price-sensitive ASX Announcement for PLS
Current share price for PLS : $4.520 -0.55 (-10.85%)+
Announcement
Release
24 Aug 2026 7:45AM
Price at Release
$5.070
Full Release
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Summary
PLS Group Limited demonstrated exceptional financial performance in FY26, marked by a significant revenue increase of 152% to $1,934 million, driven by a 121% rise in the average realized price. The company achieved a production milestone of 880 thousand tonnes while reducing unit operating costs by 9%. Underlying EBITDA reached $1,137 million with a 59% margin, and net profit after tax was $526 million despite higher depreciation and tax expenses. The company's cash reserves grew to $2,290 million, bolstered by a successful US$600 million bond issuance. PLS transitioned from a defensive to a growth-focused strategy, restarting the Ngungaju processing plant and advancing feasibility studies for the P2000 and Colina projects. A fully franked final dividend of 5 cents per share was declared, amounting to a $161 million distribution. PLS remains optimistic about the lithium market's long-term potential and aims to continue executing disciplined capital allocation.
Key Points
  • PLS Group Limited reported a record year in FY26 with a revenue increase of 152% to $1,934 million.
  • The average realized price increased by 121%, contributing significantly to the financial performance.
  • Production reached approximately 880 thousand tonnes with a 9% reduction in unit operating costs.
  • Underlying EBITDA was $1,137 million with a margin of 59%.
  • Net profit after tax was $526 million, reflecting strong earnings despite higher depreciation and tax expenses.
  • Cash reserves increased to $2,290 million, aided by a successful US$600 million bond issuance.
  • The company shifted from a defensive to growth-focused strategy, restarting the Ngungaju processing plant.
  • Feasibility studies for the P2000 and Colina projects progressed, with a $175 million capital expenditure approved for P2000.
  • A fully franked final dividend of 5 cents per share was declared, representing a distribution of approximately $161 million.
  • PLS remains confident in the long-term prospects of the lithium market and aims to continue disciplined capital allocation.
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.