PLS Group Limited (PLS) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to hand the conference over to your speaker today. Bill Henderson, Managing Director and CEO. Sir, please go ahead. Thank you, Michelle. Good morning and good evening, and thank you all for joining us today. I'll begin by acknowledging the traditional owners on the lands on which PLS operates, the Wachuk people of the Nomad Nation in Perth, and the Nyamal and Garriara peoples in the Pilbara. We pay our respects to elders passed in prison, I'm joined today by Alex Wilcox, our Chief Financial Officer, and Sandra McInnes, our Chief People and Sustainability Officer. FY26 was a record year for PLS and a strong demonstration of our through-the-cycle strategy and action. Today, we will take you through the operational, financial and sustainability performance for the year, our strategic progress and the outlook for PLS before we open the line for questions. Turning now to slide 2. At Pilkingora, we delivered record production and sales, both up 17% on the prior year and we achieved our FY26 guidance and we lifted this year to a new record of 76.5%. As market conditions strengthened, we were also able to respond quickly. Approving and preparing for the restart of the Nagaju facility and accelerating P2000, including the approval of approximately $175 million of pre-FID investment for P2000. We continue to progress Kalina as our principal geographic diversification opportunity whilst maintaining a disciplined approach to chemicals, commencing commissioning of our mystery and demonstration plant and operating our PPLS, JV and batch mode to preserve capital. That strong operating performance together with improved market conditions translated into a significant improvement in our financial results, fitting now to slide 3. Revenue increased by 152% to $1.9 bill...