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IGO
(Sydney:IGO)
IGO (IGO) vs. iShares MSCI Australia ETF (EWA)
IGO Business Overview & Revenue Model
IGO Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 671.80M | 796.40M | 1.05B | 845.20M | 619.86M | 580.14M | Gross Profit |
| 20.80M | -134.60M | 203.20M | 327.30M | 151.74M | 105.19M | EBIT |
| -140.50M | -183.60M | 140.00M | 297.30M | 121.73M | 73.34M | EBITDA |
| -309.20M | 144.80M | -592.20M | 468.40M | 358.66M | 296.66M | Net Income Common Stockholders |
| -1.07B | 2.80M | 549.10M | 330.90M | 163.84M | 155.09M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 291.40M | 530.40M | 837.60M | 493.90M | 639.46M | 618.07M | Total Assets |
| 2.48B | 3.57B | 4.74B | 4.86B | 3.61B | 2.29B | Total Debt |
| 43.20M | 48.70M | 432.10M | 959.20M | 25.05M | 96.72M | Net Debt |
| -203.40M | -419.30M | -343.10M | 592.10M | -503.47M | -413.59M | Total Liabilities |
| 212.90M | 357.50M | 947.70M | 1.43B | 408.86M | 367.22M | Stockholders Equity |
| 2.27B | 3.21B | 3.79B | 3.44B | 3.20B | 1.93B |
| Cash Flow | Free Cash Flow | ||||
| 299.50M | 673.10M | 1.05B | 300.30M | 351.34M | 309.85M | Operating Cash Flow |
| 315.40M | 872.00M | 1.39B | 388.40M | 446.05M | 397.52M | Investing Cash Flow |
| -14.80M | -240.30M | -293.60M | -1.28B | -1.06B | -115.34M | Financing Cash Flow |
| -311.00M | -943.70M | -726.70M | 761.80M | 633.00M | -116.96M |
IGO Technical Analysis
IGO Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $3.13B | 1,418.92 | -36.53% | 6.46% | -28.50% | -532.61% | |
54 Neutral | £13.76B | 60.96 | -3.53% | 3.47% | -19.74% | ― | |
51 Neutral | $4.70B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
50 Neutral | $2.00B | -1.02 | -21.34% | 3.70% | 2.00% | -30.65% | |
46 Neutral | $4.44B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
44 Neutral | $380.42M | ― | -33.63% | ― | -33.27% | -10.07% |
IGO Earnings Call Summary
IGO Corporate Events
Ubique Asset Management Pty Ltd has increased its stake in IGO Limited, an Australian company, from 6.33% to 7.43% by acquiring additional shares. This change in substantial holding reflects a strategic move by Ubique Asset Management, potentially indicating confidence in IGO’s market position and future prospects.
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.
IGO Limited announced a change in the director’s interest, with Director Samantha Hogg acquiring 20,000 ordinary shares through an on-market trade valued at $77,969.66. This acquisition reflects a strategic move in the company’s governance, potentially impacting its market perception and stakeholder confidence.
IGO Limited has announced a change in the director’s interest, specifically involving Mr. Michael Peter Nossal. The change includes the acquisition of 10,000 shares through an on-market trade and the transfer of 75,000 shares from direct ownership to MPJN Nominees Pty Ltd ATF Michael Nossal Superannuation Fund. This adjustment results in Mr. Nossal holding a total of 110,000 ordinary shares. The transaction reflects strategic financial management within the company, potentially impacting its governance and shareholder dynamics.
IGO Limited has announced a change in the director’s interest, with Ivan Vella acquiring additional shares in the company. This acquisition reflects a significant personal investment by the director, potentially indicating confidence in the company’s future performance and stability, which may positively impact stakeholders’ perceptions and the company’s market positioning.
IGO Limited announced a change in the director’s interest, with Ivan Vella acquiring additional performance and service rights. This change reflects the company’s ongoing commitment to aligning executive interests with shareholder value, potentially impacting IGO’s operational strategies and market positioning.
Medallion Metals Limited, in collaboration with IGO Limited, has revised the terms of their agreement regarding the acquisition of the Forrestania Nickel Operation. Under the new terms, Medallion will acquire full ownership of the operation, including tenements, infrastructure, and other assets, while IGO retains rights to explore and mine nickel and lithium. This strategic move aims to enhance Medallion’s gold production capabilities, leveraging existing infrastructure to unlock value and potentially reestablish the region as a significant gold production district. The transaction is set to be completed by late 2025, contingent on various conditions, including a positive investment decision on the Ravensthorpe Gold Project.
IGO Limited reported solid operational results for the third quarter of 2025, with significant production and strong margins at Greenbushes, and improved production and lower costs at Nova. The company also announced a US$110 million dividend from Windfield Holdings and a strong financial position with underlying EBITDA of $34 million and cash reserves of $284 million, signaling robust financial health and strategic operational improvements.
IGO Limited reported a solid operating quarter with significant financial and operational achievements. The Greenbushes mine delivered strong margins and cash flows, while Nova recorded improved production. Despite challenges at the Kwinana Lithium Hydroxide Refinery, the company maintained a robust balance sheet with a net cash position of $284 million. The implementation of a new exploration business model led to a rationalization of the tenement portfolio, reflecting IGO’s commitment to growth through exploration.
IGO Limited has announced that it will hold a live webcast for its March 2025 Quarterly Report presentation on April 30, 2025. This event will provide investors with insights into the company’s recent performance and strategic direction. The webcast will be accessible online, and a recording will be available on IGO’s website following the live event. This initiative underscores IGO’s commitment to transparency and effective communication with its stakeholders.
IGO Limited announced the resignation of its Chief Financial Officer, Kathleen Bozanic, who will retire in December 2025 to pursue a non-executive career. Bozanic, who has been with IGO since 2022, has played a crucial role in guiding the company through recent challenges and positioning it for future success. Additionally, Chief People and Sustainability Officer Sam Retallack will also be leaving the company in early Q3 2025 after 13 years, having significantly contributed to the development of the company’s purpose and values. These leadership changes are expected to impact the company’s operations and strategic direction.
Schroder Investment Management Australia Ltd has become a substantial holder in IGO Ltd, acquiring a 5.97% voting power through its related bodies corporate. This acquisition reflects a significant investment in IGO Ltd, potentially influencing its strategic direction and market perception, as Schroder’s involvement may bring additional expertise and resources to the company.
IGO Limited has reported a change in the substantial holding of its voting shares, with State Street Corporation and its subsidiaries increasing their voting power from 6.69% to 8.23%. This change in voting power indicates a significant shift in the control dynamics within the company, potentially impacting its strategic decisions and influencing stakeholder interests.
IGO Limited has revised its Greenbushes CY24 Resources and Reserves report, addressing previous misinterpretations regarding mineral resource schematics and making minor amendments. The report highlights a 2% decrease in mineral resource estimates due to mining depletion, with significant lithium concentrate production aimed at electric vehicle and energy storage markets. The company is undertaking a strategic options review to maximize asset value and align reporting across different regimes, while drilling efforts have increased confidence in high-grade mineralization at depth.