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Pilbara Minerals Limited (PILBF)
OTHER OTC:PILBF
Earnings Data
Report Date
Aug 31, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.09Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a strong quarter driven by a marked recovery in pricing, substantial improvement in cash margins and reinforced balance sheet strength, enabling optionality on growth and capital returns. Operational performance largely tracked plan with robust ore sorting and recovery, while management acknowledged near-term operational issues (crusher wear), safety setbacks, and the idling of the POSCO JV due to external policy impacts. Timing and sequencing of larger greenfield/expansion projects remain under review and contingent on sustained market conditions.Company Guidance
Material Pricing Recovery
Realized pricing increased substantially quarter-on-quarter (management cited a ~57% increase; Slide 4 referenced ~50%), and spodumene spot pricing (SC6) rose ~80% through the quarter, reflecting a meaningful market rebound from prior troughs.
Large Improvement in Cash Margins and Cash Position
Cash margin from operations rose from $8 million in the prior quarter to $166 million in the December quarter. Cash increased by $102 million to $954 million, with a further ~$85 million in provisional positive pricing adjustments expected in the March quarter.
Revenue and Sales Volume Growth
Revenue increased 49% quarter-on-quarter to $373 million. Sales volumes were 232,000 tonnes, up 8% quarter-on-quarter, with processing producing 208,000 tonnes and inventory drawn down to meet strong demand.
Strong Liquidity and Balance Sheet Flexibility
PLS reported approximately $954 million cash and ~ $1.6 billion total liquidity, enabling selective re-engagement of growth options while maintaining capital discipline.
Half-Year Performance Upside
H1 FY26 revenue of $624 million was 47% higher than H1 FY25. Half-year FOB unit operating costs improved 8% to $563/tonne versus the prior corresponding half, and cash margin from operations increased to $174 million from $41 million.
Operational Delivery and Ore Management
Total material mined rose to 8.1 million tonnes as the operation transitioned to an owner-operator mining model. Ore sorter performance remained strong and lithium recovery was ~76%, supporting processing output in line with plan.
Progress on Strategic Optionality
Midstream demonstration plant construction completed in December. P-PLS (POSCO JV) technical capability demonstrated; PLS maintained its 18% stake with a $38 million contribution and retains options to increase or exit later. Ngungaju restart (c.200ktpa) and P2000 feasibility work are being actively reviewed for sequencing.
Demand Fundamentals Supporting Longer-Term Outlook
Management highlighted structural demand drivers: global EV sales of 21.1 million units in 2025 (up 20% YoY), EV CAGR since 2020 at ~45%, BESS installations ~290 GWh (up 45% YoY) and battery/storage demand compounding lithium demand at ~32% CAGR since 2020.
PILBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PILBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $3.10 | $3.01 | -2.90% |
Feb 19, 2025 | $1.28 | $1.39 | +8.59% |
Feb 21, 2024 | $2.40 | $2.41 | +0.63% |
Aug 24, 2023 | $3.20 | $3.00 | -6.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pilbara Minerals Limited (PILBF) report earnings?
Pilbara Minerals Limited (PILBF) is schdueled to report earning on Aug 31, 2026, TBA (Confirmed).
What is Pilbara Minerals Limited (PILBF) earnings time?
Pilbara Minerals Limited (PILBF) earnings time is at Aug 31, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PILBF EPS forecast?
PILBF EPS forecast for the fiscal quarter 2026 (Q4) is 0.09.