Slide 1: June Quarter FY26 Activities Presentation
June Quarter FY26 Activities Presentation 30 July 2026 ASX: PLS
Slide 2: Positioned for value creation through the cycle
Positioned for value creation through the cycle Resilient operations, strategic flexibility and financial strength to navigate market cycles Strategically positioned Exposure to established and diversified supply chains with flexible operating platform 100% owned assets in both Australia and Brazil
Slide 3: June Quarter highlights
June Quarter highlights Strong increase in sales and pricing supports revenue Sales Pricing1 Revenue Cash2 FY26 - strong operational year Record annual 13% 31% 57% production and sales 28% vs Mar Q vs Mar Q vs Mar Q FY26 cash margin vs Mar Q from operations of $1,356M 249.9kt US$2,107/t $743M $2,290
Slide 4: FY26 guidance achieved
FY26 guidance achieved Strong operational result while repositioning for growth 1 Production 2 Unit Cost – 3 Capex 1 Production volume of 880kt exceeded the top end of (kt) FOB (A$/t) (A$M) market guidance of 820-870kt due to strong March 600 330 870 Quarter production. 560 300 820 2 Unit operating
Slide 5: Health and Safety
Acknowledgement Health and Safety of Country Building the culture, systems and processes to ensure everyone goes home safely every day 2.77frequency rate (TRIFR)1 3.79 Total recordable injury 4.03interactions 3.80 Quality safety (target 1.6) in Australia completed per 1,000 Total recordable injury Q
Slide 6: Pilgangoora Operation
Pilgangoora Operation Record sales Quarter supported by solid operational outcomes Key outcomes in the June Quarter performance: Mining TMM increased to 10.2 million tonnes due to operational efficiencies and in preparation for the Ngungaju plant restart. Processing Pilgan plant - consistently high
Slide 7: P2000 expansion could double production capacity
P2000 expansion could double production capacity Strategically important long term growth optionality – subject to Board approval • Potential expansion of Pilgangoora Operation production capacity - increase to ~2Mtpa1. • Would require new concentrator adjacent to the existing Pilgan processing faci
Slide 8: Diversifying revenue – Colina Project, Brazil
Diversifying revenue – Colina Project, Brazil Study activities continued to progress to schedule Colina Project • Study activities continued including drilling, test work and flowsheet development with outcomes due December Quarter 2027. • PLS continues to assess potential early-stage, pre- FID enab
Slide 9: Chemicals
Chemicals Preserving long-term growth optionality and strategic positioning across the lithium value chain POSCO Pilbara Lithium Solution (P-PLS) Lithium Hydroxide chemical facility • 18% interest in lithium hydroxide (LH) facility in Gwangyang, South Korea – operated on a batch basis in the June Qu
Slide 10: June Quarter financials
©®PLS June Quarter financials 10
Slide 11: June Quarter FY26 – vs prior quarter
June Quarter FY26 – vs prior quarter Strong Quarter execution: Sales volume and margin expansion Category Units Jun Q FY26 Mar Q FY26 % Revenue increased 31% to $743M driven by record Production volume kt 214.3 232.4 (8) quarter sales and strong realised USD pricing partly Sales volume kt 249.9 195.
Slide 12: June Quarter FY26 – cash flow bridge
June Quarter FY26 – cash flow bridge Strong operational cash conversion and refinancing boost June Quarter cash position Cash flow bridge – 31 March 2026 to 30 June 2026 ($M) Cash increased $835M to $2,290M, driven by strong 442 21 2,290 764 operating cash margin and net proceeds from (20) 21 US$600
Slide 13: FY26 – vs prior year
FY26 – vs prior year Production growth, cost discipline and pricing recovery deliver strong FY26 results Category Units FY26 FY25 % Revenue increased 152% to $1,934M, driven by a Production volume kt 879.5 754.6 17 121% increase in average realised price and 17% Sales volume kt 891.6 760.1 17 increa
Slide 14: FY26 – cash flow bridge
FY26 – cash flow bridge Disciplined execution and strategic financing strengthen cash position to $2.3B Cash flow bridge – 30 June 2025 to 30 June 2026 ($M) Cash increased $1,316M to $2,290M, driven by 1,981 strong operating cash generation, net proceeds of US$600M bond issuance4 (net of $375M RCF 7
Slide 15: FY27 priorities and guidance
FY27 priorities and guidance 15
Slide 16: FY27 priorities
FY27 priorities Maximising near-term value while executing disciplined growth and diversification OPERATE GROW CHEMICALS DIVERSIFY Maximise production and Deploy capital with Progress PLS’ Advance Colina as PLS’ cash generation from discipline to expand the downstream and other principal geographic
Slide 17: Disciplined capital allocation
Disciplined capital allocation Multi-year infrastructure investment program in enhanced infrastructure and growth under evaluation1 Base capex Enhance Grow FY27 capex weighted towards Supports Pilgangoora at Progressing growth mine development P1000 and positions for P2000 selectively APPROVED Mine
Slide 18: FY27 guidance
FY27 guidance Production to increase alongside investment in growth FY27 guidance1 Unit FY27 Guidance Production Unit operating costs Production volume2 kt 1,030 – 1,100 Expected to increase (FOB) with the Ngungaju plant Expected to increase Unit operating cost (FOB) A$/t 575 – 625 restart and stead
Slide 19: Market update
©®PLS Market update 19
Slide 20: Market tightness expected to persist
Market tightness expected to persist Constrained supply, strong demand and energy security support the long-term outlook Lithium demand by end-use (Mt LCE)1 Lithium supply and demand forecast (Mt LCE)1 6.0 6.0 Potential supply gap 5.0 5.0 1.6 4.0 4.0 3.0 3.0 1.9 5.1 2.0 2.0 1.0 1.0 1.6 0.0 0.0 2025
Slide 21: Acknowledgement of Country Questions
Acknowledgement of Country Questions 21
Slide 22: Contacts
Contacts Investor Relations James Fuller Group Manager, Investor Relations T: +61 (0) 488 093 763 James.Fuller@pls.com Media Michael Vaughan Fivemark Partners T: +61 (0) 422 602 720 22
Slide 23: Appendix
©®PLS Appendix 23
Slide 24: Physicals summary
Physicals summary Total Ore Mined and Processed Units Jun Q FY25 Sep Q FY26 Dec Q FY26 Mar Q FY26 Jun Q FY26 FY25 FY26 Ore mined wmt 1,500,849 1,725,478 1,514,444 1,286,891 1,665,782 5,218,437 6,192,595 Waste material wmt 4,890,456 5,978,805 6,627,413 8,603,435 8,514,506 23,201,172 29,724,159 Total
Slide 25: Important notices
Important notices This document has been prepared by PLS Group Limited (“PLS” or the “Group”) and is dated 30 July 2026. This document should be read in conjunction with the ASX announcement titled “June Quarterly Activities Report” released to the ASX on 30 July 2026. Not an offer of securities Thi
Slide 26: Important notices
Important notices Reporting of Mineral Resources and Ore Reserves Recipients of this document outside Australia should note that it is a requirement of the Australian Securities Exchange listing rules that the reporting of ore reserves and mineral resources in Australia comply with the Australasian