Key points
- Group NPAT of $145M, improved from a $955M loss in FY25
- Group EBITDA result of $323M, up from a $709M loss in FY25
- Strong cash generation with operating cash flow of $132M
- Final fully franked dividend of 5 cents per share
- Greenbushes and Nova operations performed well with strong margins
Full summary
IGO Ltd reported a significant improvement in its FY26 financial results, with a Group NPAT of $145M compared to a $955M loss in FY25. The Group's EBITDA improved to $323M from a $709M loss in the previous year. Operating cash flow increased to $132M, and the company paid a final fully franked dividend of 5 cents per share, totaling $38M. The Greenbushes operation produced 1.41Mt of spodumene concentrate at cash costs of $415/t, while the Nova operation produced 15,304t of nickel and generated $228M of operating cash flow. The company ended the year with a strong balance sheet, comprising $386.5M of cash and cash equivalents and a $300M undrawn corporate debt facility.
Guidance
FY27: Nova Nickel production 19,000-20,000t, Greenbushes spodumene 1,550-1,750kt, Kwinana lithium hydroxide 9,000-11,000t
Outlook
IGO plans to focus on growth in copper and lithium, with disciplined capital allocation and exploration activities. The company expects to complete the divestment of the Nova Operation and has entered into a share purchase agreement with Global Lithium Resources.