The earnings call highlighted strong operational performance, cost efficiency, and expansion progress, but also noted challenges with market pricing and the impact of capital expenditures. The guidance for FY '25 reflects caution due to ongoing project integration.
Company Guidance
During the Pilbara Minerals Q4 2024 earnings call, the company provided guidance for FY '25, revealing expectations of production volumes between 800,000 and 840,000 tonnes. This guidance factors in the integration and ramp-up of the P680 and P1000 projects, which are anticipated to impact production due to necessary plant shutdowns and recovery optimizations. The company projects unit operating costs on an FOB basis to be between AUD 650 and AUD 700 per tonne, with capital expenditures ranging from $615 million to $685 million. Additionally, Pilbara Minerals reported a 26% increase in production to 226,000 tonnes and a 43% rise in sales to 236,000 tonnes for the June quarter, alongside a 12% reduction in unit operating costs and a 58% boost in revenue. These results exceeded FY '24 guidance across all metrics, showcasing the company's robust operational performance amid a challenging market environment.
Record-Breaking Quarter
26% increase in production to 226,000 tonnes and a 43% increase in sales to 236,000 tonnes. Revenue increased by 58% driven by strong volumes and a slight improvement in average pricing.
Cost Efficiency
12% reduction in unit operating costs due to volume uplift and ongoing cost efforts, with FOB operating costs at $591 per tonne.
Strong Financial Position
Cash balance of $1.6 billion despite reduced cash flow due to capital expenditure.
Expansion Progress
P2000 project pre-feasibility study delivered with an IRR of 55%. P60 and P1000 projects are on time and on budget.
Improved Safety
Reduction in TRIFR from 3.73 to 3.63, showing positive safety trends.
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Pilbara Minerals Limited (AU:PLS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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AU:PLS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 21, 2024
AU$3.66
AU$3.66
0.00%
Aug 24, 2023
AU$4.96
AU$4.56
-8.02%
Feb 23, 2023
AU$4.03
AU$4.23
+5.17%
Aug 22, 2022
AU$3.00
AU$3.09
+3.17%
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.
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FAQ
When does Pilbara Minerals Limited (AU:PLS) report earnings?
Pilbara Minerals Limited (AU:PLS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Pilbara Minerals Limited (AU:PLS) earnings time?
Pilbara Minerals Limited (AU:PLS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.