Q1: 2026-04-23 Earnings Summary

EPS of $2.90 beats by $0.73

 | Revenue of $7.31B (45.85% Y/Y) beats by $741.70M

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Operator

Good day, and thank you for standing by. Welcome to the PLS March Quarterly Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Dale Henderson, Managing Director and CEO of PLS Group. Please go ahead.

Dale Henderson
MD, CEO & Executive Director

Good morning, and good evening. Thank you for joining us today. I’ll begin by acknowledging the traditional owners on the land on which PLS operates, the Whadjuk people of the Noongar Nation here in Perth, and the Nyamal and Kariyarra peoples in the Pilbara. We pay our respects to elders past and present.

I’m joined today by Flavio Garofalo, our Interim CFO; and Brett McFadgen, our Chief Operating Officer. Today, we are reporting a record quarter and a step change in financial performance. We will take you through the quarter and then allow time for questions.

Now before turning to the results, I’d like to frame what is happening in the lithium market. Lithium remains a young capital-intensive industry that is still scaling rapidly. Demand can move quickly, supply response more slowly and capital is cyclical. That combination means volatility

Dr Reddy’s Laboratories soared 9.4% – the highest single-day gains since September 2017. Piramal Pharma and Cipla jumped 6.5% and 5.6%, respectively.

The Nifty Pharma Index gained 2.4% while the benchmark Nifty declined 0.8% on Thursday. Out of the 20 stocks in the Nifty Pharma Index, 16 advanced and four declined.

“The target action date for Dr Reddy’s Semaglutide generic filing in Canada is around the corner (May), and positive expectation around a successful approval may have triggered a rally in the stock,” said Vishal Manchanda, Senior VP – Institutional Research, Systematix Group. The company has yet to make any official disclosure.

Two other companies in the Semaglutide value chain – OneSource Specialty Pharma and Shaily Engineering Plastics also surged, said Manchanda. OneSource jumped 10.8% while Shaily Engineering Plastics soared 14.1% on Thursday.

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Pharma shares are gaining popularity because of their defensive positioning, as the broad market outlook remains uncertain. “Fund managers would have rebalanced their portfolios towards a more defensive stance, given that the geopolitical situation remains fragile as reflected in oil prices, a day after the ceasefire between the US and Iran ended,” said Gaurav Sharma, head of research, Globe Capital.

NEW YORK — The New York Times Connections puzzle for Friday, April 24, 2026, delivered a clever mix of everyday items and tricky wordplay as puzzle #1048 challenged solvers with categories ranging from pizza ingredients to surprising octopus associations, leaving many players debating the purple group well into the day.

The 16-word grid featured a satisfying blend of accessible and head-scratching connections. Players who nailed the yellow category early gained momentum, while the purple group’s clever wordplay on “cab” proved the toughest hurdle for many attempting a perfect solve.

**Yellow Category (Easiest): Pizza Ingredients**
**CHEESE, DOUGH, PEPPERONI, TOMATO SAUCE**
This straightforward food-themed group rewarded players who spotted the classic pizza toppings right away. Many solvers started here, using common culinary knowledge to secure an early win and build confidence for the remaining categories.

**Green Category: Associated With Octopuses**
**ARMS, INK, INTELLIGENCE, SUCTION CUPS**
The clever marine biology theme caught some off guard at first. Octopuses are famous for their eight arms, defensive ink clouds, high intelligence among invertebrates, and powerful suction cups on their tentacles. This group highlighted the NYT’s love for educational twists that blend science with wordplay.

**Blue Category: They Have Blades**
**GRASS, HELICOPTER, ICE SKATES, LAWN MOWER**
This category mixed literal and mechanical interpretations. Grass has blades, helicopters have rotor blades, ice skates feature sharp blades, and lawn mowers have cutting blades. The connection delighted solvers who appreciated the multi-meaning approach once the pattern clicked.

**Purple Category (Hardest): What “Cab” Might Refer To**
**CABIN, CALLOWAY, RED WINE, TAXI**
The trickiest group played on different meanings of “cab.” Cabin (as in cab of a truck), Cab Calloway (the legendary jazz singer), cab (as in Cabernet, a red wine), and taxi cab. This pun-heavy category generated the most social media discussion, with many praising its creativity while others admitted needing hints.

The puzzle’s balance — one very accessible group, two medium challenges, and one brain-teaser — earned solid reviews from the Connections community. Average solve times hovered around 4-5 guesses for experienced players, with the purple group often requiring the final revelation.

Connections, created by Josh Wardle (the same mind behind Wordle), has become a daily staple alongside the crossword and Wordle. The game presents 16 words that must be sorted into four groups of four, each sharing a common theme. Difficulty levels are color-coded: yellow (easiest), green, blue, and purple (most difficult).

Social media platforms lit up Friday morning with shared grids and reactions. On X and Reddit’s r/NYTConnections, users celebrated rainbow solves while others vented about overthinking the octopus category or missing the “cab” pun. Hashtags like #Connections and #NYTConnections trended as players compared strategies and starting words.

Strategy tips for this puzzle included scanning for obvious categories first, such as food-related words, then looking for scientific or mechanical themes. Strong openers often involved grouping high-frequency associations before tackling punny or obscure links. The pizza group served as an ideal entry point for many.

The April 24 puzzle continued a strong week for Connections, following several well-received entries that balanced fun and challenge. NYT editors carefully curate the word list to avoid overly obscure terms while maintaining replay value and educational appeal.

For those who missed today’s solution, the official New York Times Connections Companion page offers post-solve discussion and hints without spoiling future puzzles. The game resets daily at midnight, ensuring fresh challenges for millions of global players.

Connections’ popularity stems from its perfect mix of accessibility and depth. Casual solvers enjoy the dopamine hit of cracking categories, while competitive players track statistics like perfect solves and streak lengths. The shareable grid format turns individual victories into social conversations.

Educational benefits abound. Regular play expands vocabulary, sharpens pattern recognition, and encourages lateral thinking. Teachers have incorporated it into classrooms, and families report solving together as a morning or evening ritual.

Looking ahead, tomorrow’s puzzle promises another engaging round. While specific words remain secret until release, players can expect the usual mix of pop culture, science, wordplay, and everyday objects that has kept Connections thriving since its launch.

Whether you solved #1048 in three guesses or needed every attempt, today’s pizza-to-octopus journey exemplified why Connections remains a beloved daily habit. The satisfaction of linking seemingly random words into coherent themes keeps millions returning, one colorful category at a time.

For anyone still stuck or wanting to relive the solve, the categories above provide the complete April 24, 2026, solution. Share your grid, celebrate your rainbow, or commiserate with fellow players — the Connections community thrives on both triumphs and near-misses.

Boxing’s future as both a sport and a business was front and center on Capitol Hill this week, where lawmakers and industry leaders discussed whether a fragmented system that has governed the sport for decades can still compete in today’s media landscape.

At issue is a proposed overhaul that would allow for the creation of a “new, centralized, alternative professional boxing system called Unified Boxing Organizations (UBO).” 

The entities would be capable of controlling promotion, rankings and championships under one system. 

Senate Commerce Committee Chairman Ted Cruz, R-Texas, framed the moment as a turning point for the sport’s business model.

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Oscar De La Hoya, left, fights Floyd Mayweather for the WBC super welterweight world championship in Las Vegas May 5, 2007. (Gabriel Bouys/AFP via Getty Images)

“Thirty, forty years ago, boxing was a dominant sport in America,” Cruz said in an interview with FOX Business. “Now there’s chaos and division: fractured belts, disputed titles.”

He added that the goal of the proposed reforms is “to make boxing great again” by increasing compensation, improving safety and rebuilding the sport’s pipeline of talent.

The legislation under consideration, the Muhammad Ali American Boxing Revival Act of 2026, and already passed by the House of Representatives, would not eliminate the current system outright. 

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Instead, it would create what Cruz described as “a second alternative path,” allowing fighters to choose between the existing system and the more centralized model designed to generate larger media deals and new revenue streams.

That dual-track approach has done little to resolve a deeper divide within the sport, however.

Former champion and Olympic gold medalist Oscar De La Hoya, who testified before the committee, argued the current framework remains essential to protecting fighters, particularly those early in their careers.

“We’re here to make sure we protect the fighters’ rights,” De La Hoya said in an interview with FOX Business after the hearing. 

Oscar De La Hoya testified before a Senate committee this week. (Amy Sussman/Getty Images)

Drawing on his own experience, he pointed to a famous 1998 fight against Félix Trinidad, when he signed a lucrative deal with promoter Bob Arum but was unaware of the full financial windfall from the event.

At the time, De La Hoya said, fighters were not given clear disclosures about how much revenue their bouts generated, leaving them at a disadvantage in negotiations. 

De La Hoya also argued that boxing’s decentralized system helps protect fighters by preventing too much power from being controlled by a single group.

“The fighters are making the majority of the money,” he added. “We don’t have to answer to corporate America. We don’t have to answer to shareholders. … We answer to the fighters.”

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But proponents of reform argue that fragmentation has become boxing’s biggest commercial obstacle.

WWE President Nick Khan, who also testified at the hearing, said boxing lacks the centralized infrastructure that has helped leagues like the NFL and UFC grow into global media titans.

“Boxing — especially in the United States — is dying. … It’s a sport that needs to be revived,” Khan, who was representing TKO and Zuffa Boxing at the hearing, told FOX Business, pointing to limited media integration, weak merchandising and inconsistent event quality. 

“When boxing is great, there might not be anything better,” he said. “The issue is it’s just not great often enough.” 

Khan and other supporters envision a system that could standardize competition and deliver more consistent, marketable events that could potentially unlock larger broadcast deals and sponsorship opportunities.

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Sen. Ted Cruz, R-Texas, said the goal of the proposed reforms is “to make boxing great again” by increasing compensation, improving safety and rebuilding the sport’s pipeline of talent. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

“There’s some central body” behind the growth of other major sports leagues, Khan said, suggesting boxing has struggled in part because it lacks that structure. 

For now, Cruz emphasized flexibility, arguing that giving fighters a choice between systems could allow the market to decide what works.

“If they choose not to take the new option, that’s their choice,” he said. 

“But if it results in higher compensation … I think that improves the outcome for everyone.”

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Khan echoed that view, pointing to boxing’s decline in cultural and commercial relevance.

“In 1976, [boxing] was the most culturally dominant sport of (the) bicentennial year a mere 50 years ago. Now, if you look at the current state of boxing, not one major media conglomerate is in the boxing space outside [one] deal,” Khan said.

“Our hope and plan is to change all of that. That will benefit the fighter.”

PITTSBURGH — The 2026 NFL Draft opened with a bang Thursday night at Acrisure Stadium as the Las Vegas Raiders selected Indiana quarterback Fernando Mendoza with the No. 1 overall pick, kicking off a first round heavy on skill-position talent and defensive playmakers.

Mendoza, the 2025 Heisman Trophy winner, stood as the clear consensus top prospect in a class defined by quarterback upside and explosive offensive weapons. At 6-foot-4 and 236 pounds, the athletic signal-caller brings arm talent, mobility and leadership that Raiders brass hope will finally stabilize the franchise’s long-troubled quarterback position.

New York Jets general manager took the edge with the second pick, selecting Texas Tech standout David Bailey, a versatile EDGE rusher praised for his explosiveness and run-stopping ability. The Arizona Cardinals made history of sorts at No. 3 by grabbing Notre Dame running back Jeremiyah Love — the highest drafted running back since Saquon Barkley — signaling a commitment to revitalizing their ground game.

The surprises continued at No. 4 when the Tennessee Titans selected Ohio State wide receiver Carnell Tate, a polished route-runner with elite hands and contested-catch ability. The New York Giants followed by taking Ohio State linebacker Arvell Reese, bolstering their front seven.

Trades spiced up the evening. The Kansas City Chiefs moved up to No. 6 to snag LSU cornerback Mansoor Delane, a shutdown talent who immediately upgrades their secondary. Multiple deals involving the Giants, Cowboys and Dolphins reshuffled the board, underscoring aggressive maneuvering for premium talent.

The draft, hosted in Pittsburgh for the first time since 1948, drew massive crowds to Point State Park and Acrisure Stadium. Fans packed the North Shore as Commissioner Roger Goodell announced picks amid roaring cheers and occasional boos for certain selections. The shortened 8-minute clock between first-round picks kept the pace brisk compared to previous years.

Analysts praised several teams for addressing core needs. The Raiders, coming off another losing season, landed their franchise quarterback. Mendoza’s selection marks a bold reset in Las Vegas, where new coaching staff and front office personnel are under pressure to deliver results quickly.

The running back surge stood out as a defining theme. Love’s selection at No. 3 broke a long-standing trend of devaluing the position early. Later in the round, additional backs and skill players heard their names called, reflecting a class rich in offensive firepower. Notre Dame’s Jadarian Price also went in the first round, giving the Fighting Irish two early selections at the position.

Defensive talent flowed steadily. Bailey’s selection by the Jets addressed pass-rush concerns, while several linebackers and cornerbacks found homes in the top 15. The draft’s depth at EDGE and secondary positions allowed teams to fill immediate holes without reaching.

Quarterback movement extended beyond the top spot. The Los Angeles Rams selected Alabama’s Ty Simpson at No. 13, adding a developmental prospect to compete and learn behind Matthew Stafford under Sean McVay’s tutelage. Other teams addressed the position later as the board unfolded.

Team grades poured in quickly from analysts. The Baltimore Ravens earned high marks for smart value picks, including interior offensive lineman Olaivavega Ioane from Penn State. The Carolina Panthers and Chicago Bears also drew positive reviews for addressing key roster gaps efficiently.

Off-field storylines added intrigue. Several top prospects brought compelling personal narratives, from Mendoza’s rise through the Big Ten to Love’s work ethic at Notre Dame. The event’s Pittsburgh setting amplified local pride, with Steelers fans turning out in force despite their team picking later.

As Round 1 wrapped, attention shifted to Friday’s Rounds 2 and 3, where depth at wide receiver, offensive line and defensive tackle should produce strong value. Teams with multiple early selections, including the Jets and Giants, positioned themselves well to build around their top picks.

The 2026 class is projected as one of the stronger groups in recent memory, particularly on offense. Mendoza’s leadership qualities and arm strength drew comparisons to established NFL starters, while skill-position talent across positions offered immediate contributors for contending teams.

General managers emphasized fit and character in post-pick interviews. Many highlighted how selected players aligned with scheme needs and locker room culture. The draft’s three-day format allows continued action Friday evening and Saturday, culminating with Mr. Irrelevant on the final day.

Broader NFL context frames the event’s importance. Several franchises, including the Raiders, Giants and Titans, view this draft as pivotal for their rebuild timelines. Veteran free agency moves earlier in the offseason created specific holes that Thursday’s selections aimed to fill.

Fans and analysts will debate value for weeks. Early consensus suggests the top of the board played out largely as anticipated, with some reaches and steals emerging as the round progressed. The inclusion of multiple Ohio State and Notre Dame products underscored the strength of those programs’ recent cycles.

Pittsburgh’s vibrant atmosphere enhanced the spectacle. From riverside fan zones to stadium energy, the host city delivered a memorable experience, boosting local economy and NFL visibility in the region. Organizers reported strong turnout for the free NFL Draft Experience at Point State Park.

As the league moves into Day 2, expectations remain high for continued impactful selections. Teams still seeking quarterbacks, edge rushers and offensive linemen will find options in the middle rounds, while depth charts across the league begin taking shape for the 2026 season.

The 2026 NFL Draft has already delivered drama, star power and strategic maneuvering. With Fernando Mendoza leading the way as the Raiders’ new hope and dynamic talents like Jeremiyah Love and Carnell Tate joining NFL rosters, the class promises to influence the league for years to come. Rounds 2 and 3 on Friday will determine which teams maximized their opportunities in this talent-rich draft.