Industry Revenues:

• Mining: 70%
• Chemicals: 20%
• Energy: 10%

TOP 3 Markets:

• China: 45%
• USA: 30%
• Europe: 15%

PLS Group Limited generates the majority of its revenues from the mining sector, particularly through the extraction and processing of lithium. This is a key component of their business strategy as the demand for lithium-ion batteries is increasing globally.

China is the largest market for PLS, driven by the high demand for lithium in electric vehicles and energy storage solutions. The USA follows as the second-largest market, supported by the growing electric vehicle industry. Europe, with its strong focus on renewable energies and sustainable technologies, represents the third-largest market.

Production Site: Pilgangoora, Western Australia

PLS Group Limited, also known as Pilbara Minerals, mainly produces its products at the Pilgangoora lithium-tantalum mine in Western Australia. This mine is one of the largest lithium mines in the world and plays a central role in the production of lithium used for batteries in electric vehicles and other technologies.

In recent years, the company has expanded its production capacities to meet the increasing demand for lithium. The strategic location in Western Australia enables PLS Group Limited to efficiently access global markets.

Revenue Growth: Estimated 18% (2024) Expansion of Production Capacity: 25% Increase (2024)

PLS Group Limited is pursuing a growth strategy that focuses heavily on expanding its production capacities and entering new markets. In 2024, the company was able to increase its revenue growth by an estimated 18%, attributed to the increased demand for lithium, especially in the electric vehicle sector.

A key element of the strategy is investing in new production facilities to increase capacity by 25%. This expansion is intended to enable PLS Group to more efficiently meet the rising demand and expand its market share.

Additionally, the company is leveraging strategic partnerships and joint ventures to strengthen its presence in international markets. These measures are aimed at not only promoting revenue growth but also solidifying PLS Group's position as a leading provider in the lithium industry.

Main Imported Raw Materials: Lithium concentrate

Countries of Origin: Australia

PLS Group Limited, also known as Pilbara Minerals, is a leading company in the field of lithium production. As the company is based in Australia and conducts its main mining activities there, it usually does not import raw materials but mainly exports lithium concentrate. Australia is one of the largest producers of lithium worldwide, and Pilbara Minerals extensively utilizes this local resource.

However, if the company requires specific materials or equipment for mining or processing, these could be imported from various countries, with China and the USA being potential suppliers of mining equipment. The exact details of such imports are not always publicly available and may vary depending on the needs.

Market Share: 18% (2024, estimate)

Cost Leadership: Lower production costs compared to competitors

Technological Innovation: Leading in lithium extraction technology

PLS Group Limited has gained a significant competitive advantage through its strategic positioning in the lithium sector. The company benefits from a substantial market share estimated at 18% in 2024, attributed to its efficient production capacity and ability to meet the demand for lithium.

A key aspect of PLS's competitive advantage is its cost leadership. Through optimized production processes and technological innovations, the company can extract lithium at lower costs than many of its competitors. This enables PLS to offer competitive prices while securing profit margins.

Furthermore, PLS continuously invests in technological innovations, particularly in lithium extraction technology. These investments not only enhance operational efficiency but also position the company as a pioneer in the industry, allowing it to quickly respond to market changes and new requirements.

Institutional Investor Share: 65% (2025, estimated)

Insider Purchases: No significant purchases in the last year

Insider Sales: Moderate, mainly for diversification (2025)

The institutional investor share in PLS Group Limited is estimated at 65%. This indicates a high level of confidence from institutional investors in the company, which is often associated with stable financial performance and a solid business model.

In 2025, there were no significant insider purchases, which could suggest that the management does not see an immediate incentive to acquire shares at current prices. The insider sales were moderate and appear to have been mainly for diversifying the personal portfolios of executives, which is common in the industry.

Market Share PLS Group Limited: 12% (2025, estimated)
Top Competitors and Market Shares:

1. Albemarle Corporation: 18%
2. SQM (Sociedad Química y Minera de Chile): 16%
3. Ganfeng Lithium Co., Ltd.: 14%
4. Tianqi Lithium Corporation: 13%
5. PLS Group Limited: 12%
6. Livent Corporation: 10%
7. Orocobre Limited: 9%
8. Mineral Resources Limited: 8%
9. Galaxy Resources Limited: 6%
10. Piedmont Lithium Inc.: 4%

PLS Group Limited holds a significant market share of 12%, making it one of the leading companies in the lithium industry. Their moat is primarily characterized by strategically advantageous mining locations and efficient production capacity. This enables them to produce cost-effectively and respond quickly to market changes.

In comparison to competitors, Albemarle Corporation has the largest market share and a strong moat due to its global presence and diversified product range. SQM and Ganfeng Lithium are also strong competitors with extensive resources and technological innovations that give them a competitive edge.

The moat of PLS Group Limited is less pronounced than that of Albemarle and SQM, as these companies have larger financial resources and a broader international presence. Nevertheless, PLS Group Limited has secured a solid position in the market through their specialized production and strategic partnerships.

Revenue Growth: 18% (2024) Profit Growth: 22% (2024) Market Share in the Lithium Sector: 12% (2024)

PLS Group Limited experienced strong revenue and profit growth in 2024, attributed to increased demand for lithium and efficient production. The company is benefiting from the rising demand for batteries for electric vehicles and energy storage systems.

PLS Group has expanded its production capacities to meet the growing demand and is investing in new technologies to enhance efficiency. These strategic measures could position the company advantageously to benefit from global trends in renewable energy and electromobility.

Furthermore, PLS Group has expanded its market share in the lithium sector to 12%, strengthening its competitiveness and market presence. Given these positive developments and global market trends in the lithium sector, the stock of PLS Group Limited could present an attractive investment opportunity.

Dividend payment: No dividend (as of 2025)

PLS Group Limited (ASX:PLS) did not distribute any dividends in 2025. The company is known for reinvesting profits into growth and expansion, particularly in expanding their production capacities and entering new markets.

The reliability of dividend payments is therefore not guaranteed, as the company primarily uses its financial resources for strategic investments rather than distributing dividends to shareholders. Investors should take this into account in their investment strategy and focus on potential capital gains through stock price increases.