- Australian lithium producer Pilbara Minerals reported Friday that in the year ended June 30 2023 , the company produced 620.1 kt of spodumene concentrate, 64% higher than FY22 and at the top end of production guidance.
Moreover, Group EBITDA increased 307% to A$3.3B following increased sales volumes with operating leverage supporting a 13% increase in EBITDA margin to 82%. Following the outstanding FY23 financial results, Pilbara said it has determined a fully franked final dividend of 14 cents per share to shareholders .
Commenting on the results, Managing Director and CEO Dale Henderson said, “The FY23 period has been an exceptional year for Pilbara Minerals across all fronts. Strong operational performance within a healthy pricing environment for lithium products has translated to an impressive set of financial outcomes for the business and our shareholders.
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