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Pilbara Minerals
(Sydney:PLS)
Pilbara Minerals (PLS) vs. S&P 500 (SPY)
Pilbara Minerals Business Overview & Revenue Model
Pilbara Minerals Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.25B | 4.06B | 1.19B | 175.82M | 84.15M | Gross Profit |
| 477.81M | 3.27B | 794.07M | 12.58M | -35.56M | EBIT |
| 396.25M | 3.21B | 767.38M | -5.68M | -56.56M | EBITDA |
| 593.86M | 3.51B | 783.52M | 21.28M | -59.14M | Net Income Common Stockholders |
| 256.88M | 2.39B | 561.83M | -51.45M | -99.26M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.63B | 3.34B | 591.74M | 99.71M | 86.25M | Total Assets |
| 4.31B | 5.20B | 1.98B | 949.72M | 602.46M | Total Debt |
| 555.74M | 471.95M | 291.96M | 166.97M | 176.45M | Net Debt |
| -1.07B | -2.87B | -299.77M | 67.25M | 90.20M | Total Liabilities |
| 1.07B | 1.81B | 686.36M | 375.48M | 215.49M | Stockholders Equity |
| 3.24B | 3.39B | 1.29B | 574.25M | 386.97M |
| Cash Flow | Free Cash Flow | |||
| -1.25B | 3.04B | 506.40M | -20.36M | -64.22M | Operating Cash Flow |
| -440.22M | 3.43B | 634.72M | 130.00K | -41.60M | Investing Cash Flow |
| -827.51M | -407.96M | -204.53M | -230.79M | -22.61M | Financing Cash Flow |
| -392.74M | -284.19M | 58.42M | 251.33M | 88.48M |
Pilbara Minerals Technical Analysis
Pilbara Minerals Peers Comparison
Pilbara Minerals Earnings Call Summary
Pilbara Minerals Corporate Events
Pilbara Minerals Limited announced the release of 560,000 ordinary shares from voluntary escrow on 4 May 2025, following its acquisition of Latin Resources Limited. This release marks a key step in PLS’s strategic growth and integration efforts, potentially enhancing its market positioning and stakeholder value in the lithium materials industry.
Pilbara Minerals Limited has completed the investment phase of its Pilgangoora P680 and P1000 projects and is now focusing on optimizing operations and reducing unit operating costs. With a strong cash balance of $1.1 billion and an undrawn credit facility of $625 million, the company is strategically positioned in the market, benefiting from exposure to established and ex-China supply chains and a flexible operating platform.
Pilbara Minerals Limited reported a production volume of 125.0 thousand tonnes for the March quarter of 2025, impacted by the Ngungaju plant’s maintenance and Cyclone Zelia. Despite a 7% increase in average realized prices, revenue decreased to $150 million due to lower sales volumes. The company maintained a strong cash position with a balance of $1.1 billion, focusing on cost reduction and optimization following its investment phase. The completion of the P1000 Project and the acquisition of Latin Resources are expected to enhance production capacity and resource exploration. Additionally, the energization of a lithium-powered battery energy storage system at Pilgangoora marks a significant step in their power strategy, aiming to improve power stability and facilitate future renewable energy integration.
Pilbara Minerals Limited (PLS) has announced the release of its March 2025 Quarterly Activities Report scheduled for April 17, 2025. The company will host an investor webcast and call to discuss the quarterly results, providing an opportunity for both retail and professional investors to engage with the company’s performance and strategic direction. This announcement underscores PLS’s transparency and commitment to stakeholder engagement, potentially impacting its market perception and investor relations.
Pilbara Minerals Limited (PLS) has announced that the Australian Taxation Office (ATO) has published two class rulings regarding the tax implications for Latin Resources Limited shareholders and optionholders. The Scheme Ruling confirms the availability of scrip for scrip capital gains tax roll-over relief for certain shareholders, but not for optionholders. Meanwhile, the Demerger Ruling states that demerger roll-over relief is not available for the distribution of ESG Minerals Limited shares, and that these shares do not constitute a dividend. These rulings provide clarity on the tax treatment of recent corporate actions involving Latin Resources, impacting the financial planning of stakeholders involved.
Pilbara Minerals Limited has announced a change in the director’s interest, with Nicholas Luigi Cernotta acquiring an additional 39,956 ordinary shares, bringing his total to 353,842 shares. This on-market purchase reflects confidence in the company’s prospects and may positively influence stakeholder perception of the company’s stability and growth potential.
Pilbara Minerals Limited announced the issuance of unquoted equity securities in the form of performance rights. This move is part of an employee incentive scheme, with a total of 342,135 performance rights set to expire on December 31, 2028. The issuance of these securities is a strategic step to align employee interests with the company’s long-term goals, potentially enhancing employee motivation and retention. This action could strengthen Pilbara Minerals’ position in the competitive lithium industry by ensuring a committed workforce.
Pilbara Minerals Limited has announced its FY25 interim financial results, highlighting the company’s strategic initiatives aimed at operational expansion and diversification. The company is ramping up the Pilgangoora P1000 Project, implementing a cost-reducing operating model, and has completed the acquisition of Latin Resources to diversify revenue streams. Additionally, Pilbara Minerals is enhancing its integration into the battery materials supply chain through a joint venture with POSCO and a study with Ganfeng, which aims to strengthen its market positioning and offer potential benefits to stakeholders.
Pilbara Minerals Limited reported a 28% increase in spodumene concentrate production and a 37% rise in sales during the first half of FY25, despite a significant decline in the average realized price, which drove a 44% revenue drop. The company completed major projects on time, including the P680 expansion and the P1000 project, and strategically placed the Ngungaju plant into care and maintenance to optimize operations. The acquisition of Latin Resources marks a strategic milestone, aiming to enhance shareholder value through exploration and study optimizations. With a strong balance sheet and a positive outlook on lithium demand, Pilbara Minerals is well-positioned for sustainable growth.
Pilbara Minerals Limited has released its Interim Financial Report for the period ending 31 December 2024. The report includes comprehensive financial statements and declarations, reflecting the company’s financial position and performance. This release is pivotal for stakeholders as it provides insight into the company’s operational health and financial strategies, which are crucial for assessing future prospects and market positioning.
JPMorgan Chase & Co. and its affiliates have become substantial holders in Pilbara Minerals Limited, acquiring a 5.02% voting power in the company as of February 14, 2025. This acquisition involves various subsidiaries of JPMorgan managing and holding a significant number of securities through different roles such as principal, investment manager, and securities lender, indicating a strategic investment in Pilbara Minerals, a key player in the mining industry.
JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders of Pilbara Minerals Ltd as of February 12, 2025. This change reflects various transactions involving purchases, sales, and lending of securities, impacting the company’s shareholding structure and potentially influencing market dynamics.
Pilbara Minerals Limited has announced a change in the substantial holdings of its voting securities. The current notice reflects a shift in the interest held by State Street Global Advisors and other entities, with State Street Bank and Trust Company holding the largest share of voting power. This change could potentially impact the decision-making dynamics within the company, influencing both governance and strategic directions.
Pilbara Minerals Limited has announced the release of its FY25 Interim Results scheduled for 20 February 2025. The company will host an investor webcast and teleconference to present these results, providing insights into their financial performance and strategic initiatives. This announcement is significant for stakeholders as it highlights PLS’s ongoing commitment to transparency and engagement with both retail and professional investors.
Pilbara Minerals Limited has provided a business and earnings update for the first half of FY25, reporting record production and sales volumes from its Pilgangoora Operation. The company achieved significant cost reductions while completing major expansion projects, including the P680 and P1000. Despite these operational successes, the company’s investments in growth platforms such as the POSCO Pilbara Lithium Solution JV and the Mid-Stream Demonstration Plant Project have led to financial challenges, including net losses due to current market conditions. Looking forward, Pilbara Minerals remains optimistic about the lithium market’s future, supported by a strong cash position and strategic government funding to resume paused projects.
Pilbara Minerals Limited has announced the application for quotation of 205,521,136 ordinary fully paid deferred securities, issued as part of a previously announced transaction. This move is expected to enhance the company’s financial flexibility and possibly its market presence, reflecting its ongoing commitment to expand its operations and solidify its position in the lithium supply chain.
Pilbara Minerals Limited has completed its acquisition of Latin Resources Limited, marking a significant milestone in the company’s growth strategy. This acquisition includes the Salinas Project in Minas Gerais, Brazil, which will be renamed the Colina Project. The project is expected to become a leading hard rock lithium operation globally, aligning with PLS’s aim to diversify revenues and supply new markets. The acquisition strengthens PLS’s asset base with a second 100% owned lithium asset, providing flexibility to expand into emerging markets such as Europe and North America. PLS plans to advance project studies and conduct an exploration program to optimize the Colina Project, ultimately making a final investment decision based on market conditions.