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IGO (AU:IGO)
ASX:IGO
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.28Last Year’s EPS
0.38Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -0.43%
|Next Earnings Date:Aug 28, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted strong performance and improvements in Greenbushes and safety indicators. However, these positives are overshadowed by significant challenges at Nova and Kwinana, including production issues, financial losses, and strategic setbacks such as the suspension of Train 2. The lack of expected dividends from TLEA also presents a cash flow concern.Company Guidance
During the IGO Limited December Quarter Results Call, Ivan Vella, Managing Director and CEO, provided detailed guidance across several business areas. The company reported a strong quarter for its lithium business, particularly at Greenbushes, with production exceeding plans despite a slow start to the calendar year. Vella highlighted ongoing optimization and improvement work, including the CGP3 project, which is on track. At Kwinana, production improved following a shutdown, but the company has ceased activities around Train 2, impacting financials with an expected impairment. Nova faced challenges with lower nickel output due to mine grade issues and plant availability, which affected financials alongside subdued nickel prices. Sales at Greenbushes were down due to shipment timing, not demand, and the company remains optimistic about productivity improvements and sustaining recoveries. The cash position ended at $247 million, with exploration spending trending down, and IGO does not expect dividend payments from TLEA in the second half of the financial year.Strong Greenbushes Performance
Greenbushes had another strong quarter of production, finishing the calendar year well and beating internal plans. The operation is continuing to improve with good recoveries and strong margins despite being at a low point in the cycle.
Safety Improvements
Progress in safety maturity is noted, with leading indicators starting to show improvement, marking a positive trend for future operational safety.
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AU:IGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AU:IGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | AU$4.64 | AU$4.62 | -0.43% |
| Aug 28, 2024 | AU$4.97 | AU$5.04 | +1.35% |
| Feb 21, 2024 | AU$6.59 | AU$6.83 | +3.67% |
| Aug 30, 2023 | AU$11.80 | AU$12.44 | +5.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IGO (AU:IGO) report earnings?
IGO (AU:IGO) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is IGO (AU:IGO) earnings time?
IGO (AU:IGO) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of IGO stock?
The P/E ratio of IGO is N/A.
What is AU:IGO EPS forecast?
AU:IGO EPS forecast for the fiscal quarter 2025 (Q2) is -0.28.
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