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Pilbara Minerals AUD

Update

Sector: Lithium

AU_PLS

Price chart

4.89 AUDDay -4.86%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
4.89 AUD · -4.86%
Market cap
15.1 bn AUD

Growth

Δ revenue y/y
-50.4%
Δ EBITDA y/y
-81.7%

Multiples

P/E (LTM)
3y avg: 20.8x
P/B (FY)
4.3x
P/E (ann.)
230.5x
EV/EBITDA (LTM)
73.6x
3y avg: 5.3x
EV/EBITDA (ann.)
31.2x

Cash return

Dividend yield
FCF yield (LTM)
-4.5%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
90.2 mln AUD

Shares: yahoo_fundamentals_timeseries/PLS.AX

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial dynamics

Monetary columns are in M AUD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM AUDOperating profitM AUDD&AM AUDEBITDAM AUDNet profitM AUDOperating CFM AUDCapex + M&AM AUDAssetsM AUDEquityM AUDROE (annualized)Net debtM AUDSource
2025-12-31H1 2025 (6M)OK-266.0
y/y
134.5
y/y
-98.5
y/y
36.0
y/y
228.6
y/y
33.5531.14698.4
y/y
3569.8
y/y
1.8%-494.3
2025-06-30FY 2025 (12M)OK890.2
y/y -50.4%
-22.4
y/y -102.4%
221.3
y/y 47.2%
198.9
y/y -81.7%
-195.8
y/y -176.2%
146.2-654.34667.4
y/y 8.3%
3531.4
y/y 8.9%
-5.8%-518.4
2024-06-30FY 2024 (12M)OK1793.0
y/y -58.5%
936.6
y/y -73.0%
150.4
y/y 42.1%
1087.0
y/y -69.5%
256.9
y/y -89.3%
-440.2-810.04309.2
y/y -17.1%
3244.2
y/y -4.3%
7.7%-1179.6
2023-06-30FY 2023 (12M)OK4315.5
y/y
3463.5
y/y
105.8
y/y
3569.4
y/y
2391.1
y/y
3456.7-385.55198.8
y/y
3390.0
y/y
-3005.7
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AUD mln)

01 0002 0003 0004 0002023 FY2024 FY2025 FY

Year-over-year change

-100%-75%-50%-25%0%2023 FY2024 FY2025 FY

Cash flow

FCF (AUD mln)

-2 000-1 00001 0002 0003 0002023 FY2024 FY2025 FY

Net debt / cash (AUD mln)

-4 000-3 000-2 000-1 00002023 H12023 FY2024 H12024 FY2025 H12025 FY

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth -50% vs -58% the year before — a +8.1 pp move. 3-year CAGR -8%.
revenue growth by year: 2023 +271% · 2024 -58% · 2025 -50%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -117.8%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X
= —
-888
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (15 130 + -494) ÷ 199
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 9) ÷ 2
= (30.0 + 9) ÷ 2
19.5x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -685 + 0 + 0 − 0
-508
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-888 × 19.5 + -508) ÷ 15 130
-117.8%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2023-09-050.14 AUDEx-dividend: 0.14 AUD per sharePaidYahoo Finance (ex-div)
2023-03-010.11 AUDEx-dividend: 0.11 AUD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)