Piedmont Lithium Q2 revenue falls to $11.9 mln

Piedmont Lithium

07/08/2025 21:56

Overview

Piedmont Q2 revenue falls to $11.9 mln, with a net loss of $9.7 mln

Company shipped 20,200 dmt of spodumene concentrate, achieving record lithium recovery

Piedmont adjourned merger vote with Sayona Mining to August 11, 2025

Outlook

Piedmont expects to ship 113,000-125,000 dmt in full-year 2025

Company plans less than $1 mln in Q3 capital expenditures

Piedmont anticipates reduced affiliate payments in 2025

Company maintains operational discipline amid challenging lithium market

Result Drivers

SHIPMENT VOLUME - Piedmont shipped 20,200 dmt of spodumene concentrate, contributing to $11.9 mln in revenue

OPERATIONAL EFFICIENCIES - NAL achieved record lithium recovery and mill utilization rates, improving unit operating costs by 10%

MARKET CHALLENGES - Realized price per dmt fell to $587 amid challenging lithium market conditions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$11.90 mln
Q2 Adjusted EPS
-$0.35
Q2 Adjusted Net Income
-$7.70 mln
Q2 Net Income
-$9.70 mln
Q2 Adjusted EBITDA
-$7.70 mln
Q2 Gross Profit
-$1.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy."

Wall Street's median 12-month price target for Piedmont Lithium Inc is $7.50, about 11.9% below its August 6 closing price of $8.39

Press Release: ID:nBwbVKBRa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)