Despite a material retrace since May’s all-time highs, PLS Group Ltd (ASX: PLS) shares have more than doubled investor’s money over the past year.

In late morning trade on Monday, shares in the S&P/ASX 200 Index (ASX: XJO) lithium stock– formerly known as Pilbara Minerals – are changing hands for $4.47 apiece.

That sees the share price up 106.7% in 12 months, smashing the 1.1% one-year losses posted by the ASX 200 over this same time.

And we’ve yet to include the final FY 2026 PLS dividend.

As you may know, PLS suspended its dividend payouts in 2024 following the global lithium price crash of 2023.

But with the spodumene (a lithium bearing ore) price up 95% over the past 12 months, PLS declared a…