Lithium miner PLS swings to profit, to restart Western Australia plant

Pls

18/02/2026 22:28

Feb 19 (Reuters) - Australian lithium miner PLS Group PLS.AX swung to a first-half profit on Thursday, driven by higher production and realised prices, while announcing it has approved the resumption of operations at its Ngungaju plant in Western Australia.

The pure-play lithium miner, formerly Pilbara Minerals, reported a first-half net profit after tax of A$33 million ($23.23 million), compared with a loss of A$69 million a year ago.

The Ngungaju plant will resume production in early July 2026, the miner said.

($1 = 1.4205 Australian dollars)

(Reporting by Anjali Singh in Bengaluru; Editing by Jonathan Ananda)

((anjali.singh2@thomsonreuters.com;))