PLS Group lifts lithium output, margins and cash as prices rebound

PLS Group ( (AU:PLS) ) has provided an announcement.

Lithium producer PLS Group reported a strong March quarter at its Pilgangoora Operation, achieving record quarterly production of 232.4 kilotonnes of spodumene concentrate on the back of improved plant reliability and higher mining activity. While safety performance remains below expectations, the company has intensified frontline safety initiatives as it progresses feasibility work on its P2000 and Colina growth projects and manages energy and supply chain risks.

Revenue for the quarter rose 52% to A$567 million as realised lithium prices climbed 61% to US$1,867 per tonne on a ~SC5.2 basis, while unit operating costs (FOB) fell 11% to A$520 per tonne, sharply lifting cash margin from operations to A$461 million. PLS ended the period with A$1.455 billion in cash, further bolstered post-quarter by a US$600 million senior unsecured notes issue and government-backed funding for its Mid-Stream Demonstration Plant, supporting its balance sheet strength and reaffirmed FY26 guidance.

The most recent analyst rating on (AU:PLS) stock is a Buy with a A$5.20 price target. To see the full list of analyst forecasts on PLS Group stock, see the AU:PLS Stock Forecast page.

More about PLS Group

PLS Group Limited is an Australian lithium producer focused on the Pilgangoora Operation in Western Australia, where it mines and processes spodumene concentrate for sale into the global battery materials supply chain. The company’s diversified energy mix, long-term supplier relationships and active management of logistics are aimed at maintaining operational continuity amid geopolitical and market volatility.

Average Trading Volume: 27,417,534

Technical Sentiment Signal: Buy

Current Market Cap: A$18.98B

For detailed information about PLS stock, go to TipRanks’ Stock Analysis page.