PLS Group Ltd Q1 FY27 Report
Key points
- Record production of 267.6kt and sales of 223.6kt in the September Quarter
- Average realised price of US$1,809/t (CIF China)
- Unit operating cost decreased to $539/t (US$381/t)
- Cash margin from operations of $392M
- Completed Ngungaju plant restart and signed PPA with Fortescue
Full summary
PLS Group Ltd's September 2026 Quarterly Activities Report highlights a robust operational performance with record production of 267.6kt and sales of 223.6kt, resulting in revenue of $563M. The average realised price was US$1,809/t (CIF China), and unit operating costs decreased to $539/t (US$381/t) due to operational efficiencies. The company demonstrated strong underlying cash generation with a cash margin from operations of $392M. The Ngungaju plant restart was completed, and a 20-year power purchase agreement with Fortescue was signed, expected to reduce power costs by $15-$20/t FOB. The P2000 Project, aimed at doubling production capacity, was approved, and enhancing infrastructure investments were announced to support long-term operations.
Guidance
FY27 capital expenditure guidance revised to $1,130 - $1,195M, including $20M for the PPA
Outlook
PLS Group Ltd expects to achieve its FY27 production and unit operating cost guidance, with the P2000 Project and enhancing infrastructure investments expected to drive future growth and operational efficiencies.
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