PLS Group Posts Record Profit as A$653 Million Spending Plan Looms
PLS Group Limited posted its highest-ever annual earnings on Monday and reinstated its dividend. However, the main challenge for investors is a significant increase in growth expenditure.
ASX:PLS · FY26 result
Record cash. Bigger bet.
PLS Group's lithium rebound restored profit and dividends. FY27 shifts the question to execution as capex nearly doubles.
A$5.07+4.97% last session
Last verified: 21 Aug 2026, 16:12 AEST
Before the 24 Aug FY26 release
Before the 24 Aug FY26 release
+152% year on year
+1,067%
+135%
Fully franked
FY26 profit engine · A$m
Share-price momentum
Performance through 21 Aug 2026. The FY26 release followed on 24 Aug.
FY27 guidance · growth costs cash
1,065ktProduction midpoint
A$600/tFOB cost midpoint
A$652.5mCapex midpoint
17-analyst consensus
8 Buy6 Hold3 Sell1.3% avg upside
Investor read-through
The balance sheet can fund the plan. The valuation already expects much of the lithium recovery. Execution—not trailing profit—is now the rerating lever.
What can break the case
Lithium-price reversal, P2000 delays, and higher Ngungaju costs could squeeze returns while spending accelerates.
Australia Stock Market Today 23/08/2026 [UPDATE: 08:38 AEST] [Healthcare Surge: Weekly Recap and Week Ahead]
Healthcare Surge: Weekly Recap and Week Ahead23/08/2026 · 08:38 AEST WEEKLY RECAP + WEEK AHEAD Healthcare broke away from a softer ASX CSL's reset-year result powered a sharp sector rotation. Banks and consumer names…
WEEKLY RECAP + WEEK AHEAD
Healthcare broke away from a softer ASX
CSL's reset-year result powered a sharp sector rotation. Banks and consumer names carried the downside; inflation and a dense earnings slate now set the next test.
ASX CASH MARKET CLOSED
Sunday non-trading day
Dashboard updated: 23 Aug 2026, 08:43 AEST (UTC+10)
Market data: latest close, 21 Aug 2026, about 16:10 AEST
Week in one frame
Index dataWeekly changes compare the 21 Aug close with 14 Aug. Sector figures are calculated from published closes and may differ slightly from vendor summaries.
What drove it
CSL FY26- CSL reset: US$3.1bn underlying NPATA, US$3.5bn operating cash flow and about 5% FY27 underlying NPAT growth guidance outweighed a US$2.6bn statutory loss after US$7.1bn of impairments.
- Banks reversed: financials fell about 5.1% over the week; CBA alone lost 5.15%, making the index's defensive healthcare surge look even more concentrated.
- Friday split: GYG jumped 11.5% after a 29.7% profit increase, while Zip fell 14.4%, Telix 10.1% and Super Retail 7.5%.
- Oil risk: Brent finished near US$93.49/bbl on Friday. The Iran risk premium helped energy but revived inflation and bond-yield concerns.
Week ahead
Scheduled events - AEST (UTC+10)ASX reopens
Opening single-price auction from 09:59; continuous trading follows. Results include Bendigo Bank, Ampol, Endeavour, PLS and Reece.
RBA minutes - 11:30
David Jacobs speaks at 14:00. Coles, Woodside, Scentre and Viva Energy are scheduled to report.
July CPI - 11:30
June CPI was 3.8% y/y and trimmed mean 3.6% y/y. Domino's, Flight Centre and Lynas are among the scheduled results.
Capex + RBA Bulletin - 11:30
Private capital expenditure and the RBA Bulletin land together; reporting season remains active.
Bull case
CSL's rebound broadens into health care and CPI eases enough to cap yields. Holding 9,000 while breadth improves would support a rotation-led recovery.
Bear case
Sticky CPI, firm oil and a 10-year yield above 5% pressure bank, property and consumer multiples while earnings misses spread beyond isolated names.
Watch first
ASX 200: 9,000 support, then 9,115 resistance. Also watch financial-sector stabilisation, AUD/USD 0.71 and whether VIX stays near 10.5.
PLS Group share price drops nearly 7% as lithium sector pulls back after risk-off jolt
PLS Group Limited dropped 6.8% to finish at A$4.80 on Tuesday, breaking a brief upswing and slipping under A$5 again. Even with this pullback, the lithium miner has climbed roughly 153% in the last year, thanks to a rally that kicked off in late 2025.
PLS Group (ASX:PLS) share price pulls back after lithium shock from Zimbabwe
PLS Group Limited shares lost ground Friday, closing at A$5.19, down 1.1%, after jumping 8.3% in the previous session. The day's range: A$5.02 to A$5.23.
PLS Group share price jumps 8% as China lithium futures pop, restart plan back in focus
PLS Group Ltd closed out Tuesday with an 8.0% jump to A$4.72, having touched lows of A$4.41 and highs of A$4.73 during the session. The company’s market cap hovered at roughly A$15.2 billion. Investors now look ahead to the next quarterly report slated for April 16.
PLS Group (ASX:PLS) share price drops 4.6% as investors weigh July plant restart and Calix deal
PLS Group Limited slipped 4.6% to finish at A$4.18 on Friday, undoing some of the gains it logged earlier this week after a flurry of updates around production, capital outlays, and processing strategy landed.
PLS share price slips as lithium miner flags July Ngungaju restart, reshapes Calix mid-stream deal
PLS Group Limited slipped 0.9% to finish at A$4.38 on Thursday, giving back some ground after a 2.3% rally the previous session. The Australian lithium producer released its FY26 interim numbers and announced a pair of project updates aimed at reigniting growth.
PLS Group share price today: ASX:PLS ticks up as traders brace for Feb 19 results
PLS Group Limited inched higher on Tuesday, ending the session at A$4.32, up roughly 0.2%. The ASX slowed activity with investors eyeing the company’s interim results due later in the week.
Lithium price today holds near 136,000 yuan as China buying slows; miners lean on floor deals
Spot lithium carbonate prices edged up in China on Tuesday. The SMM battery-grade index hit 134,406 yuan per metric ton, with battery-grade spot trades assessed between 132,000 and 140,000 yuan—an average of 136,000. Futures action was muted; the most-traded lithium carbonate contract barely moved. SMM described spot market activity as sluggish, citing thinner downstream demand and slower logistics.
PLS Group (ASX:PLS) share price lifts after Canmax deal adds US$100m prepayment and a floor price
PLS Group Limited ended Tuesday up 1.7% at A$4.24, following news of a new spodumene supply agreement with China’s Canmax Technologies that features a price floor and a US$100 million upfront payment. Earlier in the session, shares jumped as much as 5.3%, moving between A$4.19 and A$4.39.
PLS Group share price nudges higher as lithium firms; short bets rise before results
PLS Group Limited climbed Monday, finishing at A$4.17, a gain of roughly 1.2% from Friday’s A$4.12 close after a bumpy session. Investors appeared to take heart from more stable lithium pricing as the market braced for a wave of earnings reports.
PLS Group Limited (ASX:PLS) share price: what to watch before Monday after a bruising week
PLS Group Limited wrapped up Friday at A$4.12, slipping 5 cents or 1.2% from the previous session. Shares have dropped around 10% over the past week, with trading bouncing between A$3.94 and A$4.22. About 37 million shares switched hands.
PLS Group share price slips into weekend as Morgan Stanley and MUFG filings land
PLS Group Limited slipped another 1.2% to A$4.12 by Friday’s close, building on Thursday’s 3.7% slide as volumes surged. The shares have come under steady pressure across two sessions, despite a flurry of large-holder disclosures late in the week.
PLS Group (ASX:PLS) share price slips after big-holder filings and executive loan-share issue
PLS Group Limited shares slipped 1.2% to close at A$4.12 on Friday, having swung between A$3.94 and A$4.22 during the session. New details emerged on shareholder holdings and executive pay. The ASX 200 benchmark dropped roughly 2% by the end of trading.
PLS Group share price slides 3.7% as big-holder filings stack up and exec loan-share plan hits the register
PLS Group Ltd shares fell 3.7% to close at A$4.17 on Thursday, after moving between A$4.13 and A$4.42 and trading 25.34 million shares, according to Investing.com data. The drop followed a 1.8% slide a day earlier, and came as a fresh “change in substantial holding” notice showed a lift in disclosed voting power tied to First Sentier Group and its parent, Mitsubishi UFJ Financial Group.
PLS share price falls 1.8%: new 7.87% holder and Feb 19 results in focus
Shares of PLS Group fell 1.81% to A$4.33 on Wednesday, swinging between A$4.30 and A$4.60 during the session. Trading volume hit roughly 23.4 million shares.
PLS Group share price nudges up after-hours as Feb 19 interim results near for ASX lithium stock
PLS Group Limited shares closed Tuesday up 0.46% at A$4.41. The market is now closed, with investors turning their focus toward the company’s upcoming earnings report.
PLS Group share price ends higher as Feb 19 interim results date sets the next lithium catalyst
PLS Group Limited shares ended Monday 2.3% higher, closing at A$4.39. The Australian Securities Exchange-listed lithium producer ranked among the day’s top movers by trading value.
PLS Group shares slide after quarterly update; Ngungaju restart call now in focus
PLS Group shares ended Friday at A$4.29, slipping 6.5%, following the lithium producer's announcement of an accelerated timeline for additional supply. Investors worked through a sizable update, pushing the stock down roughly 16% in the last five sessions.
PLS Group share price: why ASX:PLS slid on its quarterly update — and what to watch next week
PLS Group shares slipped 6.5% to A$4.29 on Friday, reacting to a robust quarter in pricing and renewed buzz around a plant restart.
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