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PLS Group (ASX:PLS), formerly Pilbara Minerals, has rebounded strongly with lithium prices. In September 2026, Argonaut said it built lithium exposure from zero at the start of FY26, using the stabilisation and rise in spodumene prices as a signal to buy quality names such as PLS. Pendal Group reported FY26 production of 880,000 tonnes, above guidance, with costs within range and substantially improved financial results, including a restored dividend backed by more than $1 billion of net cash. Perennial noted a 30% rise in August, while Infinity reported a 22% fall in June as lithium prices weakened. PLS Group operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 45 comments from 19 fund managers, including Argonaut, Pendal Group, Perennial and Infinity. Headquartered in West Perth, PLS owns and operates the Pilgangoora lithium project in Western Australia and the Colina project in Brazil.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Monash Investors, Ten Cap, Clime Investment Management, Equity Trustees Asset Management, Pendal Group, Blackwattle Investment Partners, DMX Asset Management, Yarra Capital Management, Ellerston Capital, Tyndall Asset Management, Infinity Asset Management, Australian Eagle Asset Management, Paradice Investment Management, Oracle Advisory Group, Acorn Capital, Sage Capital, Quest Asset Partners, Antares Capital, Argonaut Funds Management, Perennial Partners and Kardinia Capital have invested in Pls Group Ltd (ASX:PLS).
Managers highlight production above guidance, controlled costs, a restored dividend supported by over $1 billion of net cash and rising lithium demand from electrification, with Perennial noting China's dominance of critical minerals supply supports pricing.
Infinity notes PLS fell 22% in a month when lithium prices weakened, showing high sensitivity to volatile lithium markets.
PLS Group Ltd., established on January 10, 2005, and headquartered in West Perth, Australia, specializes in the exploration and evaluation of mineral properties. The company operates through two primary geographical segments: China and other foreign countries. Its core focus is the development of lithium and tantalum assets within the Pilgangoora Lithium-Tantalum Project, situated in the Pilbara region of Western Australia.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.