• Record annual production and sales increased by 17% from the prior year.
• FY26 guidance achieved for unit operating costs (FOB) and capital expenditure.
• Solid operational performance with a 31% increase in revenue to $743M.
• Average estimated realized price increased by 13% to US$2,107/t in the June Quarter.
• Cash margin from operations increased by 26% to $579M.

Pilbara Minerals Ltd reported robust operational and financial performance for the June 2026 quarter. The company achieved record annual production and sales, with production up 17% and sales up 17% from the prior year. The company also achieved its FY26 guidance for unit operating costs (FOB) and capital expenditure. The June quarter saw production of 214.3kt and record sales of 249.9kt, resulting in a 31% increase in revenue to $743M. The average estimated realized price increased by 13% to US$2,107/t in the June quarter, equivalent to US$2,415/t on an SC6 basis. Unit operating cost (FOB) increased to $616/t (US$437/t) due to higher diesel prices and Ngungaju plant restart costs. Cash margin from operations increased by 26% to $579M, underpinned by stronger pricing. Cash increased by 57% during the June quarter to $2,290M, including proceeds from the inaugural US$600M bond. The Ngungaju plant restart commenced and is progressing on schedule. Feasibility studies for the P2000 and Colina projects continue to progress. FY27 guidance was also issued.

FY26 production 879.5kt, unit operating cost (FOB) $569/t, capital expenditure $328M. FY27 production 1,030kt to 1,100kt, unit operating cost (FOB) $575-$625/t, capital expenditure $620-$685M.

Pilbara Minerals is poised for enhanced production capacity with the restart of the Ngungaju plant in July 2026 and a potential FID decision for P2000 in the December Quarter, aiming for profitable volume growth and strategic optionality.