Iluka Resources Reports 2024 Financial Performance

Iluka Resources Limited ( (ILKAF) ) has released its Q4 earnings. Here is a breakdown of the information Iluka Resources Limited presented to its investors.

Iluka Resources Limited is a global critical minerals company headquartered in Perth, Australia, specializing in the production of zircon and high-grade titanium feedstocks, along with developing Australia’s first fully-integrated rare earths refinery. In 2024, Iluka Resources reported a mineral sands revenue of AUD 1,129 million, reflecting a decrease from the previous year. The company maintained a strong EBITDA margin of 42% despite challenging economic conditions. Key financial highlights included a net profit after tax (NPAT) of AUD 231 million and a net debt position of AUD 115 million as of December 2024. Iluka’s production levels saw a decline with total zircon, rutile, and synthetic rutile production amounting to 496 kilotonnes, a decrease from 639 kilotonnes in 2023. The company also reported a decrease in sales volumes for both zircon and high-grade titanium feedstocks. Looking ahead, Iluka is focused on the commissioning of the Balranald project and the construction of the Eneabba refinery, positioning itself to capitalize on the growing demand for critical minerals.