PLS Group Limited
PLS.AXBasic MaterialsASXOther Industrial Metals & Mining · Last scanned Jun 3, 2026
Scan Results
Daily timeframePLS Group Limited engages in the exploration, development, and operation of mineral resources in Australia. The $21.47B market capitalization puts PLS.AX squarely in large-cap range for its industry. The company primarily explores for lithium.
Market Cap
$21.47B
Beta
0.73
P/E (TTM)
—
P/E (Fwd)
25.84
EPS (TTM)
$-0.03
EPS (Fwd)
$0.26
ROE
-2.8%
ROA
0.1%
Cash
$954.4M
Total Debt
$720.0M
Free CF
-$93.9M
52W Change
445.8%
Annual Financials
Cash vs Debt
With $954.4M in cash and $720.0M in debt, PLS.AX maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow is running at -$93.9M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -2.8%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 0.1% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $1.16B (2022) to $890.2M (2025), a 23% decline worth watching.
Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence PLS Group Limited's trajectory.