Slide 1: FY26 Full Year Financial Results
FY26 Full Year Financial Results 24 August, 2026 ASX: PLS
Slide 2: FY26 operational highlights
FY26 operational highlights Another strong year of operational and strategic delivery Approved, and Record annual Record lithia Operate prepared for, Achieved production and recoveries of restart of the FY26 guidance sales up 17% 76.5% Ngungaju plant Progressed Approved ~$175M Grow Expedited growth
Slide 3: FY26 financial highlights
FY26 financial highlights Strong outcomes based off production and pricing growth Revenue Underlying EBITDA NPAT Cash 1 3 $1,934M $1,137M $526M $2,290M Group revenue Underlying EBITDA Net profit after tax Cash balance 2 152% 1,067% 369% 135% vs FY25 vs FY25 vs FY25 vs FY25 Final FY26 dividend determ
Slide 4: FY26 Sustainability highlights
FY26 Sustainability highlights Valuing our people Sustainable Responsible and and communities operations ethical actions 2.77 21.9% 5% 93% $65.4M TRIFR1 Female employment Reduction in Group Absolute scope 1 and 2 emissions of procurement spend Royalties paid3 – achieving stretch target (FY25: 21.1%)
Slide 5: Strategy in action – returning idled supply
Strategy in action – returning idled supply 100% ownership model allows PLS to quickly capture growth opportunities H1 FY26 (US$703/t SC6 - 30 June 2025) H2 FY26 (US$1,336/t SC6 - 31 December 2025) Strengthen and protect Volume and growth activated for balance sheet value capture • P850 Operating mo
Slide 6: Low-cost platform converting to strong cash generation
Low-cost platform converting to strong cash generation 3,500 $600 Q2 2026 – BMI long term real SC6 price forecast USD1 2,465/t 3,000 $500 2,500 $400 USD$ 2,000 $300 1,500 $200 1,000 500 Sep Q Dec Q Mar Q Jun Q $100 A$8M A$166M A$461M A$579M $0 Jul-25 Jul-25 Aug-25Aug-25 Sep-25Sep-25 Oct-25Oct-25 Nov
Slide 7: FY26 Full Year Results – Financials
FY26 Full Year Results – Financials 7
Slide 8: Financial results summary
Financial results summary Underlying EBITDA of $1.1B and NPAT of $526M, driven by revenue growth and operational efficiencies Summary Operational and Financial Metrics Units FY26 FY25 % Revenue increased 152% to $1,934M, driven by a 121% increase in average Production kt 879.5 754.6 17 estimated rea
Slide 9: 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) 1,981 (624) Cash increased $1,316M to $2,290M, driven by strong operating cash (66) 74 (344) 442 (89) 35 2,290 generation, net proceeds of US$6
Slide 10: Balance sheet summary
Balance sheet summary Summary Balance Sheet Metrics $M 30-Jun-26 30-Jun-25 % Receivables increased primarily reflecting higher spodumene debtors from Cash 2,290 974 135 shipping delays caused by Port congestion. Receivables 158 38 313 Property, plant and equipment increased 6% to $2,860M with $445M
Slide 11: Final FY26 dividend
Final FY26 dividend Strong financial outcomes support dividend payment PLS Capital Management Framework Final FY26 dividend of 5 cents per share Safe and reliable operations (fully franked) Capital productivity Net operating cash flow Representing a payout ratio of 22% of FY26 adjusted free cash flo
Slide 12: FY26 Full Year Results – Sustainability
FY26 Full Year Results – Sustainability 12
Slide 13: Sustainability pillars
Sustainability pillars Valuing our Sustainable Responsible people and operations and ethical communities actions Great People who We Deliver as One Shaping Tomorrow champion Safety Team to make a by delivering First and are positive contribution, responsible and proud of creating minimise our impact
Slide 14: Valuing our people and communities
Valuing our people and communities Safety programs delivering a reduction in TRIFR TRIFR1 and QSI2 • 2.77 Group Total Recordable Injury Frequency 5 4.70 8 Rate – improved from 3.10 in FY25. 4 • 97% of staff completed safe and respectful 3.41 6 3.10 behaviours training. 3 2.77 4 • 21.9% Group female
Slide 15: Sustainable operations
Sustainable operations Making a positive contribution, minimising our impacts and leveraging opportunities • 5% reduction in Group absolute tCO₂-e scope 1 & 2 emissions. • More than ~45,400ha surveyed for flora and fauna. • Zero major environmental incidents. • Zero major water related incidents. •
Slide 16: Responsible and ethical actions
Responsible and ethical actions Actions underpinning long-term success • 93% of total procurement spend in Australia - maximising local economic contribution. • $38M spent with 20 First Nations businesses. • $65M in royalties paid to government. • $2.9M in community investment spend. • 14 multi-year
Slide 17: Committed to transparent disclosure
Committed to transparent disclosure Gender Pay Sustainability Equality Reconciliation Databook Statement Action 2026 2026 Plan Corporate Industry Modern Governance Associations Slavery Statement Review Statement 2026 2026 2025 For more information visit pls.com/reporting-disclosures 17
Slide 18: Strategy delivery
©®PLS Strategy delivery
Slide 19: Proven platform positioned for value creation through the cycle
Proven platform positioned for value creation through the cycle Resilient operations, strategic flexibility and financial strength to navigate market cycles Strategically positioned Exposure to established and diversified supply chains with flexible operating platform 100% owned assets in both Austr
Slide 20: Demonstrated efficiency gains
Demonstrated efficiency gains Focus on efficient mining and improved recoveries supports record production Total Material Mined (Mt) Ore Processed (Mt) 37.3 35.9 4.0 4.1 28.4 3.8 FY24 FY25 FY26 FY24 FY25 FY26 Lithia Recovery (%) Production (kt) 76.5 880 725 755 71.9 67.7 FY24 FY25 FY26 FY24 FY25 FY2
Slide 21: Multi year program to increase production and reduce costs
Multi year program to increase production and reduce costs Production (kt) Unit operating cost FOB (A$/t) 654 627 1,065 613 569 600 880 725 755 620 FY23 FY24 FY25 FY26 FY27e 1 FY23 FY24 FY25 FY26 FY27e 1 • P680 and P1000 Pilgan plant upgrades supported • Multi year focus on lowering costs including
Slide 22: Converting returns to structural strength
Converting returns to structural strength $4.8B strategically allocated to growth, dividends and balance sheet strength Capital allocation over 4 years – 1 July 2022 to 30 June 2026 ($M) PLS generated significant cashflow through the FY23 and FY26 period of strong market pricing. Capital investment2
Slide 23: P2000 expansion could double production capacity
P2000 expansion could double production capacity Strategically important long term growth optionality – subject to Board approval Pilgan Plant • Potential expansion of Pilgangoora Operation production capacity - increase to ~2Mtpa1. • Would require new concentrator adjacent to the existing Pilgan pr
Slide 24: Colina: counter-cyclical diversification investment
Colina: counter-cyclical diversification investment Study activities continued to progress to schedule • 100% owned hard rock project. • Study activities continued including drilling, test work and flowsheet development with outcomes due December Quarter 2027. South • PLS continues to assess potenti
Slide 25: Selective chemicals exposure
Selective chemicals exposure Preserving long-term growth optionality across the lithium value chain POSCO Pilbara Mid-Stream Ganfeng downstream project Lithium Solution Demonstration Plant1 South Korea Australia In progress 18% interest in lithium hydroxide Demonstration plant to produce Joint 50/50
Slide 26: Outlook and FY27 priorities
Outlook and FY27 priorities 26
Slide 27: FY27 Priorities – Executing the next phase of value creation
FY27 Priorities – Executing the next phase of value creation Maximising near-term value while executing disciplined growth and diversification Operate Grow Chemicals Diversify Maximise production Deploy capital with Progress PLS’ Advance Colina and cash generation discipline to expand downstream and
Slide 28: FY27 guidance
FY27 guidance 1 Production volume2 (kt) 1,030-1,100 FY26 actual: 880 Unit operating cost (FOB) (A$/t) 575-625 FY26 actual: 569 Capital expenditure (A$M) 620-685 FY26 actual: 328 1. See ASX announcement “June Quarterly Activities Report” dated 30 July 2026 for more information. 2. Production guidance
Slide 29: 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 Supports Pilgangoora Progressing growth towards mine development at P1000 and positions selectively for P2000 APPROVED Mine
Slide 30: Markets
©®PLS Markets 30
Slide 31: Fundamentals underpinning global electrification
Fundamentals underpinning global electrification Cost deflation, policy support and supply security are reinforcing energy transition Global average battery pack prices (US$/kWh)1 Global electricity generation (TWh)2,3 1,500 1,474 50,000 • Battery costs down ~90% since CY10 - driving rapid adoption.
Slide 32: Lithium demand set to triple by 2040
Lithium demand set to triple by 2040 Growth is broadening across geographies and end-uses Cumulative China battery production China chemicals inventory Lithium demand by end-use (GWh)1 (Months of demand)2 (Kt LCE)3 2,000 6.0 1.4 5.0 4.0 +66% 0.9 1,000 3.0 0.6 +50% 2.0 1.0 0 0.0 2025 2030e 2035e 2040
Slide 33: Market tightness expected to persist
Market tightness expected to persist Lengthening development timelines constrain the industry's ability to meet demand Lithium supply and demand forecast (Mt LCE)1 Mine development cycles2 Years, discovery to production • Potential 1.6Mt LCE supply gap by 6.0 0 5 10 15 20 Potential CY40 - the size o
Slide 34: Acknowledgement of Country Questions
Acknowledgement of Country Questions 34
Slide 35: 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 35
Slide 36: Appendix A
©®PLS Appendix A
Slide 37: Appendix A1 – Physicals summary
Appendix A1 – Physicals summary Total Ore Mined and Processed Units Sep Q FY26 Dec Q FY26 Mar Q FY26 Jun Q FY26 FY26 FY25 Ore mined wmt 1,725,478 1,514,444 1,286,891 1,665,782 6,192,595 5,218,437 Waste material wmt 5,978,805 6,627,413 8,603,435 8,514,506 29,724,159 23,201,172 Total material mined wm
Slide 38: Appendix A2 – Reconciliation
Appendix A2 – Reconciliation Statutory P&L to Management P&L Profit and loss - Statutory Profit and loss – Management $M FY26 FY25 % Cross ref $M FY26 FY25 % Cross ref Operating revenue 1,934 769 152 A Operating revenue 1,934 769 152 A B excluding depreciation Operating costs (930) (777) (20) B Oper
Slide 39: Appendix A3 – Reconciliation
Appendix A3 – Reconciliation Reconciliation – FY26 statutory operating cost to FOB operating cost ($M) 930 References Unit Cost (CIF) $739/t A. Operating costs as per FY26 financial (Based on 891.6k tonnes sold) statements note 2.1. Unit Cost (FOB) 659 $569/t B. Refer to note 2.1.2 in the FY26 finan
Slide 40: Appendix A4 - FY27 guidance
Appendix A4 - FY27 guidance Production to increase alongside investment in growth FY27 guidance1 Unit FY27 Guidance Production Unit operating costs Production volume2 kt 1,030 – 1,100 Expected to increase (FOB) with the Ngungaju plant Expected to increase Unit operating cost (FOB) A$/t 575 – 625 res
Slide 41: Appendix B
Appendix B Important notices and other supporting information 41
Slide 42: Important notices
Important notices This document has been prepared by PLS Group Limited (“PLS” or the “Group”) and is dated 24 August 2026. This document should be read in conjunction with the ASX announcement titled “PLS Annual Report 2026” released to the ASX on 24 August 2026. Not an offer of securities This docu
Slide 43: 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