PLS Group Limited (ASX: PLS) has reported significant financial and ESG improvements in its FY26 results, with a particular focus on operational safety and environmental management. The company achieved a 5% reduction in scope 1 and 2 emissions, an increase in female employment to 21.9%, and an 86% participation rate in the FY26 Culture and Engagement survey with a 75% overall engagement score.
Material actions and disclosures
PLS Group Limited has made notable progress in its sustainability initiatives during FY26. The company reported a 5% reduction in scope 1 and 2 emissions, reflecting its commitment to environmental management. Additionally, the company saw an increase in female employment to 21.9%, indicating a strong focus on workforce diversity and inclusion.
The Group Total Recordable Injury Frequency Rate (TRIFR) reduced to 2.77, representing an improvement from the previous year. This improvement is a testament to PLS’s commitment to prioritising workplace safety and implementing targeted safety initiatives to drive continuous safety improvement across the operation.
PLS also achieved an 86% participation rate in the FY26 Culture and Engagement survey with a 75% overall engagement score, which are above industry benchmarks. This highlights the company’s efforts to maintain a positive and engaged workforce.
Financially, PLS delivered strong outcomes, with underlying EBITDA increasing substantially to $1,137M, driven by revenue growth and ongoing operational efficiencies. Unit operating costs (FOB) improved 9% to $569/t, reflecting volume growth, operational improvements, and benefits from the Cost Smart Future Ready program.
PLS closed FY26 with cash of $2,290M, supported by strong operating cash generation and a successful inaugural US$600M bond issuance. The company is positioned to advance its diversified growth pipeline while maintaining financial flexibility to navigate potential market volatility.
PLS Group Limited is a leading global producer of lithium materials, with a diversified portfolio of assets and strategic partnerships in the rapidly growing battery materials sector. The Group owns 100% of the world’s largest, independent hard-rock lithium operation, the Pilgangoora Operation in Australia, and the Colina Lithium Project in Brazil.
Release authorised by Dale Henderson, PLS Managing Director and CEO.