PLS swings to profit, to restart Western Australia plant
Pilgan plant at the Pilgangoora lithium operation. (Image courtesy of Pilbara Minerals.)
Australian lithium miner PLS Group (ASX: PLS) swung to a first-half profit on Thursday, driven by higher production and realised prices, while announcing it has approved the resumption of operations at its Ngungaju plant in Western Australia.
The pure-play lithium miner, formerly Pilbara Minerals, reported a first-half net profit after tax of A$33 million ($23.23 million), compared with a loss of A$69 million a year ago.
The Ngungaju plant will resume production in early July 2026, the miner said.
($1 = 1.4205 Australian dollars)
(Reporting by Anjali Singh in Bengaluru; Editing by Jonathan Ananda)
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