Top Page
IGO
(Sydney:IGO)
IGO (IGO) vs. S&P 500 (SPY)
IGO Business Overview & Revenue Model
IGO Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 796.40M | 1.05B | 845.20M | 619.86M | 580.14M | Gross Profit |
| -134.60M | 203.20M | 327.30M | 151.74M | 105.19M | EBIT |
| -183.60M | 140.00M | 297.30M | 121.73M | 73.34M | EBITDA |
| 144.80M | -592.20M | 468.40M | 358.66M | 296.66M | Net Income Common Stockholders |
| 2.80M | 549.10M | 330.90M | 163.84M | 155.09M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 530.40M | 837.60M | 493.90M | 639.46M | 618.07M | Total Assets |
| 3.57B | 4.74B | 4.86B | 3.61B | 2.29B | Total Debt |
| 48.70M | 432.10M | 959.20M | 25.05M | 96.72M | Net Debt |
| -419.30M | -343.10M | 592.10M | -503.47M | -413.59M | Total Liabilities |
| 357.50M | 947.70M | 1.43B | 408.86M | 367.22M | Stockholders Equity |
| 3.21B | 3.79B | 3.44B | 3.20B | 1.93B |
| Cash Flow | Free Cash Flow | |||
| 673.10M | 1.05B | 300.30M | 351.34M | 309.85M | Operating Cash Flow |
| 872.00M | 1.39B | 388.40M | 446.05M | 397.52M | Investing Cash Flow |
| -240.30M | -293.60M | -1.28B | -1.06B | -115.34M | Financing Cash Flow |
| -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 |
|---|---|---|---|---|---|---|---|
58 Neutral | $2.93B | 1,418.92 | -36.53% | 10.51% | -28.50% | -532.61% | |
54 Neutral | £12.32B | 54.58 | -3.53% | 3.95% | -19.74% | ― | |
49 Neutral | $1.93B | -1.47 | -21.02% | 3.74% | 0.80% | -29.57% | |
48 Neutral | AU$4.04B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
46 Neutral | $4.84B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
44 Neutral | $255.35M | ― | -33.63% | ― | -33.27% | -10.07% |
IGO Earnings Call Summary
IGO Corporate Events
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.
IGO Limited announced the 2024 JORC Code reportable estimates for its Greenbushes Lithium Operation, highlighting significant lithium concentrate production and a minor decrease in mineral resource estimates due to mining depletion. The company is embarking on a strategic review to enhance the value of its resources and has identified promising drilling results that may boost future resource estimates, positioning Greenbushes as a key player in the global lithium market.
IGO Limited’s 1H25 results highlight a stable Total Recordable Injury Frequency Rate (TRIFR) with a slight reduction from the previous year, reflecting their continued investment in safety initiatives. These efforts include implementing a Visual Safety Leadership Interaction Program, focusing on Critical Risk Management, and promoting health and wellbeing through the I-GO Well roadmap, all aimed at improving safety culture and operational performance.
IGO Limited reported a significant financial downturn for the half-year ended December 2024, with a net loss of $782.1 million compared to a profit in the same period the previous year. This decline was attributed to reduced profits from its lithium joint venture, TLEA, impairment charges on exploration assets, and lower revenues from its Nova and Forrestania operations. The lithium segment faced challenges due to falling prices and operational issues, while the nickel segment saw decreased sales and higher costs. These results reflect the strategic and operational challenges facing IGO Limited, impacting its market position and stakeholder interests.
IGO Limited announced that it will host a live webcast for its FY25 Half Year Results presentation on February 20, 2025. This event indicates IGO’s commitment to transparency and investor engagement, as well as its strategic focus on maintaining strong communication with stakeholders. The webcast will provide insights into the company’s financial performance and operational strategy, potentially impacting its market positioning and investor relations.