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IGO
(Sydney:IGO)
IGO (IGO) vs. iShares MSCI Australia ETF (EWA)
IGO Business Overview & Revenue Model
IGO Earnings Call Summary
IGO Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 517.30M | 499.90M | 796.40M | 1.05B | 845.20M | 619.86M |
| Gross Profit | 36.30M | -176.50M | -134.60M | 203.20M | 327.30M | 151.74M |
| EBITDA | -36.10M | -811.10M | 144.80M | -592.20M | 468.40M | 358.66M |
| Net Income | -954.60M | -954.60M | 2.80M | 549.10M | 330.90M | 163.84M |
Balance Sheet | ||||||
| Total Assets | 2.36B | 2.36B | 3.57B | 4.74B | 4.86B | 3.61B |
| Cash, Cash Equivalents and Short-Term Investments | 343.50M | 343.50M | 530.40M | 837.60M | 493.90M | 639.46M |
| Total Debt | 31.40M | 31.40M | 48.70M | 432.10M | 959.20M | 25.05M |
| Total Liabilities | 263.90M | 263.90M | 357.50M | 947.70M | 1.43B | 408.86M |
| Stockholders Equity | 2.09B | 2.09B | 3.21B | 3.79B | 3.44B | 3.20B |
Cash Flow | ||||||
| Free Cash Flow | 32.70M | 37.60M | 673.10M | 1.05B | 300.30M | 351.34M |
| Operating Cash Flow | 37.90M | 42.90M | 872.00M | 1.39B | 388.40M | 446.05M |
| Investing Cash Flow | -4.00M | -4.00M | -240.30M | -293.60M | -1.28B | -1.06B |
| Financing Cash Flow | -223.40M | -223.40M | -943.70M | -726.70M | 761.80M | 633.00M |
IGO Technical Analysis
IGO Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$2.08B | 13.35 | 151.89% | 5.63% | 6.54% | 0.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $9.43B | ― | -5.63% | ― | -38.69% | -174.12% | |
52 Neutral | AU$8.35B | ― | -26.55% | ― | -15.27% | -817.26% | |
52 Neutral | AU$3.04B | -12.24 | -7.26% | 5.97% | -2.30% | -234.27% | |
49 Neutral | $3.78B | ― | -35.65% | ― | -37.23% | -32433.33% |
IGO Corporate Events
IGO Limited has reported its first quarter results for 2026, highlighting a focus on safety and operational efficiency across its operations. The company achieved over 90 days injury-free and reduced its 12-month Total Recordable Injury Frequency Rate (TRIFR) to 8.0. At Greenbushes, the EBITDA margin was 57% with stable spodumene prices, though production was affected by lower mined grades and heavy rain. Kwinana saw production at 46% of nameplate capacity, with lower conversion costs due to increased production. Nova’s production and costs aligned with the life of mine plan, despite a stope misfire impacting short-term production. Financially, IGO maintained a strong balance sheet with a group underlying EBITDA of $19M, positive free cash flow of $15M, and a net cash increase to $287M.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited reported a steady performance for the quarter ending September 30, 2025, with production aligning with expectations despite challenges such as lower ore grades and market volatility. The company’s focus on safety has led to improved safety metrics, and financial results show a strong balance sheet with positive cash flow and increased production at the Kwinana refinery. The company is actively working on optimizing its operations and exploring growth opportunities to deliver future value.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has announced that its Managing Director and CEO, Ivan Vella, along with Chief Financial Officer, Kathleen Bozanic, will host an investor webcast to present the company’s September 2025 Quarterly Results. The webcast is scheduled for October 30, 2025, and aims to provide insights into the company’s financial performance and strategic direction. The release of the quarterly report is anticipated to impact stakeholders by offering transparency into IGO’s operational outcomes and future prospects.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
Venus Metals Corporation Limited has announced the formation of an unincorporated joint venture with IGO Limited’s subsidiary for the Bridgetown Greenbushes Exploration Project. IGO has met the Stage 1 requirements to acquire a 51% interest in the project by investing $3 million in exploration. The joint venture allows IGO to earn an additional 19% interest by spending another $3 million. The project has identified a significant Li-Ta-Nb-Cs anomaly at Ti Tree, with further exploration and analysis ongoing. This joint venture strengthens Venus Metals’ position in the exploration sector and could lead to significant developments in the project area.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has announced its upcoming Annual General Meeting (AGM) for shareholders, scheduled for November 19, 2025, at the Perth Convention and Exhibition Centre and online. The company emphasizes the importance of the Notice of Meeting, which will be available online, and outlines procedures for attending and voting both in person and virtually. This AGM is a significant event for stakeholders, providing an opportunity for shareholder engagement and decision-making on company matters.
The most recent analyst rating on (AU:IGO) stock is a Buy with a A$5.75 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has announced the resignation of two of its directors, Keith Spence and Xiaoping Yang, as part of its ongoing board renewal and succession strategy. Keith Spence, who has been with the board for ten years, played a crucial role in enhancing the company’s performance in safety, operations, and environmental management. Xiaoping Yang, who joined in 2020, contributed significantly to the company’s strategic oversight, particularly in downstream processing and international relations. Their departures mark a significant transition for IGO, with the board expressing gratitude for their invaluable contributions.
The most recent analyst rating on (AU:IGO) stock is a Sell with a A$4.60 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has announced the cessation of certain securities, specifically performance rights and options, due to unmet conditions. This cessation could impact the company’s capital structure and may influence stakeholder perceptions regarding the company’s strategic execution and financial planning.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited, a company listed on the Australian Securities Exchange (ASX: IGO), has announced the date for its 2025 Annual General Meeting (AGM), which will be held on November 19, 2025. The company has also set September 17, 2025, as the deadline for director nominations. This announcement is significant for shareholders and potential board candidates as it outlines the timeline for participation in the company’s governance.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
The recent earnings call for IGO Limited presented a balanced sentiment, reflecting both strong operational performance and financial stability, alongside notable challenges in the lithium market and ongoing issues at the Kwinana refinery. The company showcased significant achievements, yet acknowledged the hurdles that lie ahead.
Ubique Asset Management Pty Ltd has ceased to be a substantial holder in IGO Limited as of August 29, 2025. This change involved on-market sales and in-specie movements, affecting 18,605,742 voting securities and amounting to $92,338,598.75, which may impact IGO’s shareholder composition and market perception.
The most recent analyst rating on (AU:IGO) stock is a Sell with a A$4.20 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
Igo Limited is an ASX-listed company specializing in the exploration, development, and production of battery minerals, primarily focusing on nickel, lithium, and copper, which are essential for the global energy transition. In its latest annual report, Igo Limited highlighted a challenging fiscal year 2025, marked by subdued global markets for key commodities and significant impairments, leading to a net loss of AUD 955 million. Despite the financial setbacks, the company maintained strong production levels at its Greenbushes lithium operation and Nova nickel operation, while also emphasizing its commitment to sustainability and safety improvements. The company has restructured to align with a refreshed strategy focusing on sustainable growth and long-term value creation, with a particular emphasis on optimizing its lithium and copper assets. Looking forward, Igo Limited remains optimistic about its strategic direction and its ability to capitalize on opportunities in the battery minerals sector, aiming to deliver value for shareholders through disciplined execution and sustainable practices.
IGO Limited has released its FY25 Mineral Resources and Ore Reserves report, along with a summary of exploration activities. The report includes estimates for the Greenbushes and Nova Operations, with a notable update on Greenbushes’ ore processing as a proxy for mining depletion. Additionally, the Cosmos Project and Forrestania Operation have been declassified from JORC Code reportable estimates as they transition into care and maintenance, impacting the company’s operational focus.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has released its 11th Sustainability Report for the fiscal year 2025, highlighting its sustainability performance and management of material topics. The report, part of IGO’s Annual Reporting Suite, is prepared in accordance with global standards and includes independent assurance. It underscores IGO’s commitment to sustainability and transparency, providing stakeholders with insights into its operations and contributions to socioeconomic and environmental aspects.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO has refreshed its strategy in 2025 to enhance its focus on sustainable growth, operational excellence, and long-term value creation. The company is investing in exploration and innovation to discover and develop clean energy metals, emphasizing responsible stewardship and community partnerships. IGO is committed to delivering strong returns to stakeholders and playing a significant role in the clean energy transition.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited has announced its FY25 results, highlighting significant achievements in safety and sustainability. The company has achieved net zero scope 1 and 2 emissions at its Nova Operation through emission reduction activities and the voluntary cancellation of Australian Carbon Credit Units. Additionally, the Forrestania site is setting new benchmarks for operations under care and maintenance, reflecting IGO’s commitment to safety and sustainability. These initiatives underscore IGO’s dedication to evolving its ESG framework to align with its purpose of delivering products for a clean energy future.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited reported a challenging financial year for FY25, with a net loss after tax of $955 million, primarily due to lower sales at Nova, final production from the Forrestania Operation, and significant impairments, including the full impairment of the Kwinana refinery assets. Despite these setbacks, the company maintains a strong balance sheet with $280 million in cash and $300 million in undrawn debt. IGO’s refreshed strategy focuses on clean energy materials, with notable progress in exploration and optimization programs at Greenbushes. The company remains optimistic about the lithium market’s fundamentals and is committed to achieving growth through strategic partnerships and technological advancements.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited’s 2025 Annual Report provides a comprehensive overview of its operations, financial performance, and strategic initiatives as of June 30, 2025. The report highlights the company’s commitment to sustainability and effective risk management, alongside its focus on expanding its nickel and lithium businesses. The report also includes non-IFRS financial measures to offer deeper insights into the company’s profitability and liquidity. This announcement underscores IGO’s dedication to maintaining a sustainable business model while navigating external factors affecting its operations, which could have implications for stakeholders and the broader market.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited reported a significant financial downturn for the fiscal year ending June 2025, with a revenue of $527.8 million, marking a 60% decrease from the previous year, and a net loss of $954.6 million. The company did not propose any dividends for the year, and the net tangible assets per share decreased to $2.76 from $4.24. This financial performance may impact IGO’s market positioning and stakeholder confidence.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.
IGO Limited announced the resignation of Justin Osborne from his position as Non-Executive Director, effective 15 August 2025. Osborne, who joined the board in 2022, played a significant role in strategic oversight and contributed to the company’s exploration business model review. His departure aligns with the company’s ongoing board renewal and succession process aimed at enhancing governance in line with its refreshed strategy.
The most recent analyst rating on (AU:IGO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.