• Production volume of 221.3kt, a 77% increase on prior quarter
• Sales volume of 216.0kt, a 72% increase on prior quarter
• Revenue increased 28% to A$193M
• Unit operating cost (FOB) decreased 10% to A$619/t

Pilbara Minerals Limited (PLS) reported its June Quarterly Activities for the financial year 2025 (FY25). Key highlights include:- Production volume of 221.3 thousand tonnes (kt), a 77% increase compared to the prior quarter, reflecting the increased output from the optimised Pilgan Plant following completion of the P1000 expansion.- Sales of 216.0kt increased 72% on the prior quarter, with an average estimated realised price of US$599/t (CIF China) on a ~SC5.1 basis.- Revenue increased 28% to A$193M, reflecting higher sales volume partially offset by lower pricing.- Unit operating cost (FOB) of A$619/t (US$397/t) was 10% lower than the prior quarter, reflecting higher production volume and the benefits of the P850 operating model.- Cash margin from operations was A$98M, supported by higher sales volume and favourable cash timing.- The company maintained a strong balance sheet position with a June quarter ending cash balance of ~A$1.0B.PLS also provided guidance for FY26, which includes:- Production volume of 820kt to 870kt, reflecting continued benefits from Pilgan plant expansions.- Unit operating cost (FOB) of A$560/t to A$600/t, supported by further reductions.- Capital expenditure of A$300M to A$330M, with a focus on sustaining capital, mine development, and essential infrastructure projects.The company's strategy is centered on unlocking the full value of recent investments through operational excellence, disciplined cost control, and capital efficiency in a dynamic market environment.

FY26 production volume of 820kt to 870kt, unit operating cost (FOB) of A$560/t to A$600/t, and capital expenditure of A$300M to A$330M.

PLS is focused on unlocking the full value of recent investments through operational excellence, disciplined cost control, and capital efficiency in a dynamic market environment. Key initiatives include further reductions in unit operating cost, progressive increase in contact ore feed, and a disciplined capital allocation framework.