Iluka Resources
ILU.ASXMaterials
Production of mineral sands.
Market Data
$7.900
+0.0%$3.4B
-100000.0x
$-0.674
0.63%
+0.2%
Latest Earnings
2025 Annual Report (including Appendix 4E)
18 February 2026
Iluka Resources reported a net loss of $288 million for 2025, impacted by subdued mineral sands demand which led to $351 million in impairments and $216 million in inventory write-downs. Despite challenging market conditions, the company maintained operational discipline by suspending production at Cataby and SR2, while progressing development of the Balranald mine and Eneabba rare earths refinery. Key points: Balranald mine commenced operations with first heavy mineral concentrate produced; Eneabba rare earths refinery construction more than 95% complete with major equipment arriving on site; Strong safety performance with TRIFR decreasing from 3.8 to 3.4
Recent Announcements
Ceasing to be a substantial holder
JPMorgan Chase & Co. and its affiliates ceased to be a substantial holder.
Ceasing to be a substantial holder from PPT
PPT ceased to be a substantial holder.
Becoming a substantial holder
JPMorgan Chase & Co. and its affiliates became a substantial holder (5.28%).
2025 Full Year Results Presentation
Iluka Resources reported a challenging FY 2025 with mineral sands revenue declining 13.5% to $976M amid subdued demand and pricing pressure from competitors. Despite operational progress including Balranald ramping up and strong cost reduction (unit costs down 18.8%), underlying EBITDA fell 37.2% to $300M. The company maintains a strong project pipeline with the Eneabba rare earths refinery 95% complete and expects significantly lower cash requirements in 2026. Key points: Balranald project successfully commissioning with exceptionally high-grade ore body exceeding 50% production plan expectations; Unit cash costs of production reduced 18.8% to $1,054/t through operational discipline and cost base review; Eneabba rare earths refinery construction >95% complete, on budget and schedule for 2027 commissioning
2025 Annual Report (including Appendix 4E)
Iluka Resources reported a net loss of $288 million for 2025, impacted by subdued mineral sands demand which led to $351 million in impairments and $216 million in inventory write-downs. Despite challenging market conditions, the company maintained operational discipline by suspending production at Cataby and SR2, while progressing development of the Balranald mine and Eneabba rare earths refinery. Key points: Balranald mine commenced operations with first heavy mineral concentrate produced; Eneabba rare earths refinery construction more than 95% complete with major equipment arriving on site; Strong safety performance with TRIFR decreasing from 3.8 to 3.4
2025 Full Year Results
Iluka Resources reported a challenging 2025 with mineral sands revenue declining 14% to $976m and NPAT loss of $288m due to $566m in impairments and inventory write-downs. The company responded with cost reductions, production suspensions, and maintained progress on the Balranald mine commissioning and Eneabba rare earths refinery construction for 2027 commissioning. Key points: Improved safety performance with Total Recordable Injury Frequency Rate reduced to 3.4 from 3.8; Balranald mine commissioning commenced with first mining rig achieving target extraction rates; Eneabba rare earths refinery construction progressing on budget for 2027 commissioning
Ceasing to be a substantial holder
JPMorgan Chase & Co. and its affiliates ceased to be a substantial holder.
Becoming a substantial holder
JPMorgan Chase & Co. and its affiliates became a substantial holder (5.00%).
Ceasing to be a substantial holder
JPMorgan Chase & Co. and its affiliates ceased to be a substantial holder.
Becoming a substantial holder
JPMorgan Chase & Co. and its affiliates became a substantial holder in Iluka Resources Ltd on February 6, 2026, acquiring a 5.00% voting interest with 21,491,999 ordinary shares through various subsidiaries engaging in securities lending, investment management, and proprietary trading activities.
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