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PLS Group Limited (ASX:PLS)

ALERT: Price-sensitive ASX Announcement for PLS
Current share price for PLS : $4.140 2.03 (96.21%)+
Announcement
Release
25 Aug 2025 8:05AM
Price at Release
$2.110
Full Release
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Summary
Pilbara Minerals Limited (PLS) in its 2025 Annual Report details its financial and operational performance for the fiscal year ending June 30, 2025. The company reported net assets of $3,592 million, up from $3,205 million in the previous year, despite a net loss after tax of $93 million compared to the previous year's profit. Significant capital investments included the issuance of shares for the acquisition of Latin Resources. The company also secured a $375 million revolving credit facility. Key sustainability goals focused on emissions reduction and community engagement. Ore reserves at Pilgangoora were reported at 198.4 Mt at 1.18% Li2O.
Key Points
  • Net assets increased to $3,592,019,000 in FY25 from $3,204,970,000 in FY24.
  • Issued capital rose significantly to $1,437,794,000 from $966,948,000 in the previous year.
  • The company reported a net loss after tax of $93,075,000 in FY25, compared to a profit of $328,714,000 in FY24.
  • Dividends were not declared for the year ending 2025.
  • Major investments included $470,643,000 in shares issued for the Latin Resources acquisition.
  • PLS secured a revolving credit facility amounting to $375,000,000 AUD.
  • Total liabilities increased slightly to $1,127,204,000 in FY25 from $1,065,076,000 in FY24.
  • The company's cash and cash equivalents were $957,570,000 at the end of FY25.
  • The total ore reserves at Pilgangoora stood at 198.4 Mt with an average grade of 1.18% Li2O.
  • The sustainability approach included focus areas such as climate change, emissions reduction, and community engagement.
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.