Pacific Lime and Cement Limited (PLA) Q4 2026 TU earnings summary

Executive summary

• Achieved major construction milestones at the Central Lime Project, including completion of 27.6km of roads and two river bridges, providing first-time access between the project site and Port Moresby.

• Kiln foundations and wharf extension advanced, with 369 foundation piles delivered and plant fabrication progressing.

• Workforce more than doubled to 391, with significant increase in local employment.

• PNG Government, via KMHL, executed a US$16.3 million equity investment for a 13% stake in the Central Lime Project, with options for further participation.

• IFC-supported feasibility and market assessment for the Central Cement Project advanced, targeting FID later in 2026.

Financial highlights

• Cash holdings at 30 June 2026 were A$16.7 million.

• A$24.5 million spent on exploration and development during the quarter, mainly for Central Lime Project construction.

• Net cash used in operating activities for the quarter was A$3.03 million; net cash used in investing activities was A$26.56 million.

• Proceeds from equity issues totaled A$0.77 million for the quarter.

• Convertible note facility of US$10 million (A$14.94 million) fully drawn.

Outlook and guidance

• Central Lime Project construction to continue across all workstreams, targeting first production in Q1 CY2027.

• Two-lane road and bridge completion expected by 30 September 2026.

• Central Cement Project to host IFC site visit, conclude feasibility update, and receive EPC bids by end of September 2026.

• Orokolo Bay project to advance customer offtake and logistics, with readiness documentation to be finalized.

• Mayur Renewables to progress regulatory engagement and benefit-sharing workstreams.