Pacific Lime and Cement Limited (PLA) Q1 2027 TU earnings summary

Executive summary

• Central Lime shifted from civil construction to equipment installation; the first major shipment arrived at Port Kido on 19 October, carrying over 50% of kiln and process-plant equipment and materials.

• First lime production is targeted for end-Q1 CY2027 to Q2 CY2027; both kilns are expected complete in Q2 CY2027, while the Central Cement project targets FID in Q1 CY2027 and production in Q1 CY2029.

Financial highlights

• Central Lime forecast final cost is A$129m, within the A$133m base-plus-contingent funding envelope; A$57m remains to complete, including ~A$24m of fixed-price EPC work.

• Quarter-end cash was A$16.4m; operating cash outflow was A$5.1m and investing outflow A$30.5m, primarily for Central Lime construction and infrastructure.

• Financing inflows were A$35.6m, comprising A$22.6m from the PNG Government investment and A$13.0m of unsecured borrowing; FX movements reduced cash by A$0.24m.

• Operating cash outflow included A$3.1m of lime inventory purchases, partly offset by A$0.6m of Western Australian quicklime customer receipts; related-party payments were A$0.45m.

Outlook and guidance

• Central Lime's second major equipment shipment is expected in Q4 CY2026; erection is planned from November 2026, with Kiln 1 production targeted for end-Q1 CY2027 to Q2 CY2027.

• Central Cement's two highest-ranked EPC bidders proceed to final negotiation and best-and-final offers; Preferred Tenderer selection is targeted by 18 December 2026, subject to Board approval.

• Central Cement FID is targeted for Q1 CY2027, subject to funding and Board approval; production remains targeted for Q1 CY2029.

• Orokolo Bay production is now expected in CY2027; commercial, freight, technical and regulatory readiness work continues.