Pilbara Minerals
PLS.ASXMaterials
Lithium and tantalum producer and explorer
Market Data
$6.640
+0.0%$20.8B
-100000.0x
$-0.030
0.00%
+0.7%
Latest Earnings
Interim Financial Report (Incorporating Appendix 4D)
19 February 2026
PLS (formerly Pilbara Minerals) delivered a strong turnaround with revenue increasing 47% to $624M and swinging from a $69M loss to a $33M profit in H1 FY26. The company benefited from a 40% increase in average realised spodumene prices to US$965/t, despite some operational challenges including safety incidents and temporary plant idling at their P-PLS joint venture. Key points: Strong operational turnaround with revenue up 47% to $624M and return to profitability ($33M vs -$69M loss); Spodumene production increased 6% to 433kt with improved unit operating costs down 8% to A$563/t; Average realised spodumene price improved 40% to US$965/t as lithium markets recovered
Recent Announcements
Becoming a substantial holder
BlackRock Inc. and its multiple subsidiary entities have become substantial shareholders in PLS Group Ltd (PLS), acquiring ordinary shares between January 27 and February 3, 2026 through various market purchases and in specie transfers, with holdings controlled by BlackRock investment management entities across multiple custodial accounts.
Becoming a substantial holder from MS
MS became a substantial holder (5.03%).
Becoming a substantial holder from MUFG
MUFG became a substantial holder (5.11%).
Becoming a substantial holder
First Sentier Group Limited ACN 630 725 558 became a substantial holder (5.11%).
Ceasing to be a substantial holder from MUFG
MUFG ceased to be a substantial holder.
Ceasing to be a substantial holder
First Sentier Group Limited ACN 630 725 558 ceased to be a substantial holder.
Ceasing to be a substantial holder from MS
MS ceased to be a substantial holder (77.3%).
Becoming a substantial holder from MS
MS became a substantial holder (5.19%).
Ceasing to be a substantial holder from MS
MS ceased to be a substantial holder (77.3%).
Interim Financial Report (Incorporating Appendix 4D)
PLS (formerly Pilbara Minerals) delivered a strong turnaround with revenue increasing 47% to $624M and swinging from a $69M loss to a $33M profit in H1 FY26. The company benefited from a 40% increase in average realised spodumene prices to US$965/t, despite some operational challenges including safety incidents and temporary plant idling at their P-PLS joint venture. Key points: Strong operational turnaround with revenue up 47% to $624M and return to profitability ($33M vs -$69M loss); Spodumene production increased 6% to 433kt with improved unit operating costs down 8% to A$563/t; Average realised spodumene price improved 40% to US$965/t as lithium markets recovered
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