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JB Hi-Fi reported a revenue of A$5.67 billion, marking a 9.9% year-over-year growth, with a net profit of A$285.4 million, up 8%. The interim dividend increased by 8% to A$0.70, driven by strong sales in January, particularly in New Zealand.Car Group achieved A$548 million in revenue, a 12% increase, and a net profit of A$292 million, reflecting a 9% growth, supported by expansions in Brazil and South Korea. In contrast, Pilbara Minerals anticipates an underlying net loss of A$5 million to A$7 million due to declining lithium prices, while Domino's is restructuring with store closures expected to save A$16 million annually from FY 2026.
UBS has revised its lithium market outlook, predicting a shift towards increased demand in 2025, with global demand expected to grow by 18% to 1.5 million tons LCE. Despite a surplus in 2024 leading to price declines, supply growth is anticipated to slow, particularly in China and Australia, as production curtailments take effect. The firm has raised its price targets for spodumene while maintaining a cautious stance on potential price surges due to the possibility of resumed production.
UBS has revised its lithium market outlook, predicting a shift from surplus to equilibrium by 2027-28 due to production cuts and project delays. The bank forecasts an 18% increase in global lithium demand to 1.5 million tons in 2025, while supply growth is expected to slow to 15% year-on-year. UBS has raised its spodumene price forecasts for 2025 and 2026, but remains cautious about potential price increases due to the possibility of reactivating curtailed production.
Pilbara Minerals Ltd
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
strong financial results from jb hi-fi and car group amid market challenges
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07:00 10.02.2025
ubs forecasts lithium demand growth and market balance by 2027
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20:33 02.12.2024
ubs forecasts lithium demand growth and market recovery by 2025
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20:31 02.12.2024
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