Pilbara Minerals reports $196m loss amid price decline

Pilbara Minerals reported a $196m statutory loss for FY25, compared to a profit in FY24, due to lower lithium prices and higher depreciation. Revenue declined 39% to $769m despite production rising 4% to 754.6kt.

The company completed P680 and P1000 expansions, acquired Latin Resources, and maintained a $1bn cash balance through $230m in cost reduction initiatives.