PLS Group stock reports 152 percent revenue growth after FY26 rebound

Published on 10/07/2026 at 03:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PLS Group stock heads toward October 27, 2026 results after production reached 879.5 Kt in fiscal 2026, up from 754.6 Kt. Macquarie kept a Buy rating and set an AUD 5.50 target on October 1, 2026.

Pilbara, AU000000PLS0, Illustration mit AI erstellt.

PLS Group (AU000000PLS0) generated AUD 1.93 billion in fiscal 2026 revenue, up 152 percent from fiscal 2025, according to Simply Wall St. The result puts the lithium producer's earnings rebound ahead of its September-quarter update on October 27, 2026.

Revenue rebound changes the picture

PLS Group returned to profitability in fiscal 2026, with net income of AUD 525.8 million after a net loss in fiscal 2025, according to Simply Wall St. Earnings per share reached AUD 0.16, compared with an AUD 0.063 loss per share in the prior fiscal year, making profitability the clearest change in the company's financial profile.

Production also moved higher. Fiscal 2026 output was 879.5 Kt, versus 754.6 Kt a year earlier, an increase of 124.9 Kt, according to Simply Wall St. That combination of higher volume and stronger lithium pricing explains why revenue growth outpaced the production increase.

Analyst target stays above the stock

Macquarie maintained a Buy rating on October 1, 2026, and set an AUD 5.50 price target, as reported by Markets Insider. The target lies 43.60 percent above the AUD 3.83 price, so the broker's published view remains materially higher than the latest ASX quotation.

The counter-factor is execution. PLS Group is expanding its Pilgangoora operation while its earnings remain exposed to lithium prices, and the next quarterly report will show whether higher output is translating into sustained cash generation.

Stock remains below its yearly high

PLS Group was trading at AUD 3.83 on the ASX on October 7, 2026 at 11:12 a.m. AEDT, up 0.66 percent from the previous close. The price was 43.76 percent below the 52-week high of AUD 6.81 and above the 52-week low of AUD 2.52.

The market capitalization was AUD 12.4 billion and volume stood at 4,265,768 shares on October 7, 2026. For investors, the October 27, 2026 quarterly report is the next concrete test of whether fiscal 2026's revenue and production gains can carry into the new financial year.