IGO
IGO.ASXMaterials
Nickel, Copper, Cobalt and Lithium mining, development and exploration company
Market Data
$9.580
+0.0%$7.0B
-100000.0x
$-0.273
0.00%
+0.4%
Latest Earnings
December 2025 Half Year Financial Report and Appendix 4D
19 February 2026
IGO delivered an improved underlying result with underlying EBITDA of $49M (vs -$82M loss in prior period) and underlying free cash flow of $29M despite revenue declining 32% to $194M. Net loss after tax was $34M (vs $782M prior period) with the major improvement due to absence of significant impairments that impacted the prior period. Key points: Strong underlying EBITDA turnaround to $49M from $82M loss in prior period; Underlying free cash flow positive at $29M compared to $3M outflow previously; Nova Operation delivered strong EBITDA of $67M and free cash flow of $97M
Recent Announcements
1H26 Half Year Results Presentation
IGO Limited reported improved 1H26 results with underlying EBITDA of $49M compared to a loss of $82M in 1H25, driven by stronger Nova performance and reduced growth spending. Total revenue declined 32% to $194M due to lower sales volumes and prices across operations. The company maintains a strong balance sheet with $299M net cash and continues progressing CGP3 ramp-up at Greenbushes. Key points: Underlying EBITDA improved to $49M from -$82M loss in 1H25; Nova EBITDA up 15% with strong cash generation of $97M; Strong balance sheet with $299M net cash and $300M debt facilities available
December 2025 Half Year Financial Report and Appendix 4D
IGO delivered an improved underlying result with underlying EBITDA of $49M (vs -$82M loss in prior period) and underlying free cash flow of $29M despite revenue declining 32% to $194M. Net loss after tax was $34M (vs $782M prior period) with the major improvement due to absence of significant impairments that impacted the prior period. Key points: Strong underlying EBITDA turnaround to $49M from $82M loss in prior period; Underlying free cash flow positive at $29M compared to $3M outflow previously; Nova Operation delivered strong EBITDA of $67M and free cash flow of $97M
1H26 Half Year Results Webcast
This is not an earnings announcement but rather a notification about an upcoming webcast for IGO Limited's 1H26 Half Year Results scheduled for February 19, 2026. The actual financial results have not been released yet, only the webcast details have been announced. No financial data or performance metrics are available in this document. Key points: Upcoming 1H26 results webcast scheduled for February 19, 2026; Management team (CEO Ivan Vella and CFO Kathleen Bozanic) will present results; Webcast link provided for investor access
Earnings Release - 19 February 2026
Upcoming earnings release expected 19 February 2026 (from Yahoo Finance (confirmed))
FY25 Financial Results
IGO delivered disappointing FY25 results with revenue declining 37% to $528M and underlying EBITDA turning negative at -$43M (vs $581M profit in FY24), driven by weak lithium and nickel markets and significant asset impairments including $605M Kwinana refinery write-down. Despite challenging conditions, the company maintains a strong balance sheet with $280M cash, demonstrated resilience at Greenbushes (66% EBITDA margin), and has implemented a refreshed strategy focused on clean energy materials with clear FY26 priorities around cash generation and asset optimization. Key points: Greenbushes demonstrated world-class operational performance with 66% EBITDA margin despite weak lithium market, and strong cash conversion with $1.5B operating cash flow; Spodumene production increased 7% to 1,479kt with 2% unit cost improvement to A$325/t, in line with full year guidance; Strong balance sheet with $280M cash and $300M undrawn debt facilities extended to July 2028, providing financial flexibility
Appendix 4E
IGO Limited reported a significant deterioration in FY25 results with revenue declining 60% to $527.8M and a net loss of $954.6M, reflecting challenging operational conditions and substantial write-downs. The company suspended dividends and net tangible asset backing declined from $4.24 to $2.76 per share, indicating material shareholder value destruction. No dividend was declared and guidance appears absent from this announcement. Key points: Detailed financial analysis available in accompanying ASX Release 'FY25 Financial Results'; Accounts audited by BDO Audit Pty Ltd with no disputes or qualifications; Company maintains transparent disclosure with clear communication of challenging results
Get real-time alerts for IGO
Receive AI-powered earnings summaries and instant notifications when IGO releases results.
Register Free