Australia’s largest lithium producer reported a 151% annual revenue surge amid strong demand and cost controls.
Pilbara Minerals reported FY revenue of A$1.93 billion, up 151% year-over-year, driven by higher lithium prices and increased production volumes. The company’s underlying EBITDA reached A$1,137 million, reflecting a 59% margin, supported by disciplined cost management.
The net profit after tax stood at A$526 million, offset by higher depreciation from expanded assets and tax expenses as the company returned to profitability. Prior-year results were impacted by lower lithium prices and operational challenges.
Shares in Pilbara Minerals have been volatile amid fluctuating lithium markets, though strong earnings may support sentiment in the near term.