Pilbara Minerals (ASX:PLS) Hit by Falling Lithium Prices in H1FY25, Reports AUD 69Mn Loss

Wed 11 Jun 25, 08:21 AM | Team Kalkine

Image source: Shutterstock

Highlights

PLS’s H1FY25 revenue declined by 44% YoY due to a 58% fall in average prices.

The company’s underlying EBITDA fell by 83% YoY to AUD 74.0 million during the period.

PLS targets AUD 578/t unit cost by FY26 through cost reduction, efficiency, and renewable integration.

Pilbara Minerals Limited (ASX:PLS) is an ASX-listed lithium mining company focused on the exploration, development, and operation of lithium and other mineral resources.

In the first half of the financial year 2025 (H1FY25), the company’s sales volume increased by 27.51% YoY to 408.3 kt. Despite this, revenue declined by 44% YoY to AUD 426.0 million, as average prices fell by 58% annually, resulting in a net loss of AUD 69 million in H1FY25 versus a net profit of AUD 220 million in H1FY24. During the reported period, underlying EBITDA fell by 83% YoY to AUD 74.0 million, down from AUD 431.1 million in H1FY24.

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