Iperionx Limited

IPX.ASX

Materials

Titanium metal and critical materials company

Market Data

Price

$5.830

+0.1%
Market Cap

$1.8B

P/E Ratio

-100000.0x

EPS

$-0.222

Div. Yield

0.00%

52-Week Change

-0.0%

Latest Earnings

March 2026 Quarterly Report

27 April 2026

IperionX successfully transitioned Virginia titanium operations to 24/7 production during Q3 FY2026, achieving ~4.2 metric tons of HAMR™ powder production in March (~50 tpa annualized) while commissioning downstream powder metallurgy equipment. The company is targeting ~200 tpa powder capacity by end-CY2026 and expects customer revenues to commence in H2 CY2026 as qualification programs progress, supported by US$47.1M in fully obligated DoW funding and strong government backing for domestic titanium supply chain resilience. Key points: Successful transition to continuous 24/7 operations at Virginia Titanium Manufacturing Campus with HAMR™ powder reaching 4.2 metric tons in March (~50 tpa annualized run rate); All HAMR™ powder production systems commissioned and ramping; targeting ~200 tpa capacity by end-CY2026 with expansion pathway to 1,400 tpa in 2027; Secured full US$47.1M DoW Industrial Base Analysis and Sustainment (IBAS) award obligation plus US$12.7M DPA Title III funding and up to US$99M SBIR Phase III IDIQ contracting pathway for ~US$160M total government support

Recent Announcements

27 Apr 2026 Actual Results Positive

March 2026 Quarterly Report

IperionX successfully transitioned Virginia titanium operations to 24/7 production during Q3 FY2026, achieving ~4.2 metric tons of HAMR™ powder production in March (~50 tpa annualized) while commissioning downstream powder metallurgy equipment. The company is targeting ~200 tpa powder capacity by end-CY2026 and expects customer revenues to commence in H2 CY2026 as qualification programs progress, supported by US$47.1M in fully obligated DoW funding and strong government backing for domestic titanium supply chain resilience. Key points: Successful transition to continuous 24/7 operations at Virginia Titanium Manufacturing Campus with HAMR™ powder reaching 4.2 metric tons in March (~50 tpa annualized run rate); All HAMR™ powder production systems commissioned and ramping; targeting ~200 tpa capacity by end-CY2026 with expansion pathway to 1,400 tpa in 2027; Secured full US$47.1M DoW Industrial Base Analysis and Sustainment (IBAS) award obligation plus US$12.7M DPA Title III funding and up to US$99M SBIR Phase III IDIQ contracting pathway for ~US$160M total government support

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