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Iluka Resources Limited
(Sydney:ILU)
Iluka Resources Limited (ILU) vs. S&P 500 (SPY)
Iluka Resources Limited Business Overview & Revenue Model
Iluka Resources Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.17B | 1.29B | 1.61B | 1.32B | 990.00M | Gross Profit |
| 754.40M | 791.60M | 968.80M | 733.40M | 409.30M | EBIT |
| 0.00 | 463.90M | 683.60M | 477.50M | 199.40M | EBITDA |
| 527.00M | 647.10M | 867.00M | 591.10M | 390.10M | Net Income Common Stockholders |
| 231.30M | 342.60M | 584.50M | 365.80M | 2.41B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 136.00M | 364.90M | 521.70M | 294.80M | 87.10M | Total Assets |
| 3.74B | 3.33B | 3.20B | 2.80B | 2.53B | Total Debt |
| 291.30M | 163.70M | 62.50M | 35.90M | 60.20M | Net Debt |
| 155.30M | -201.20M | -459.20M | -258.90M | -26.90M | Total Liabilities |
| 1.38B | 1.17B | 1.30B | 1.21B | 1.23B | Stockholders Equity |
| 2.36B | 2.16B | 1.89B | 1.59B | 1.29B |
| Cash Flow | Free Cash Flow | |||
| -310.60M | -191.80M | 484.60M | 316.10M | 40.50M | Operating Cash Flow |
| 0.00 | 89.60M | 637.20M | 369.70M | 111.70M | Investing Cash Flow |
| -402.90M | -240.80M | -172.50M | -51.70M | -66.10M | Financing Cash Flow |
| 52.60M | -5.40M | -134.10M | -112.90M | -51.30M |
Iluka Resources Limited Technical Analysis
Iluka Resources Limited Peers Comparison
Iluka Resources Limited Corporate Events
Iluka Resources Limited announced the cessation of certain securities due to the lapse of conditional rights that could not be satisfied. This development may affect the company’s capital structure and could have implications for stakeholders, reflecting challenges in meeting the conditions tied to these securities.
Iluka Resources Limited has announced the issuance of 7,121 unquoted equity securities, marking a strategic move in its financial operations. This issuance could potentially impact the company’s market positioning by enhancing its capital structure, thereby influencing stakeholder interests and future growth opportunities.
Iluka Resources Limited announced the issuance of 1,356,070 unquoted securities under an employee incentive scheme, which are not intended for public trading on the ASX. This move is part of the company’s strategy to incentivize and retain talent, potentially impacting its operational efficiencies and aligning employee interests with company performance.
Iluka Resources Limited announced a change in the director’s interest, with Andrea Jane Sutton acquiring 15,000 ordinary shares through an on-market trade, increasing her total holdings to 47,000 shares. This acquisition reflects a significant personal investment by a key company figure, potentially indicating confidence in the company’s future performance and stability, which could positively influence stakeholder perceptions.
Iluka Resources Limited has announced the appointment of James Alexander Mactier as a director, effective from May 5, 2025. This appointment is significant as it reflects the company’s ongoing efforts to strengthen its leadership team, potentially impacting its strategic direction and stakeholder relations. Mactier holds 50,000 ordinary shares through a superannuation fund, indicating his vested interest in the company’s future performance.
Iluka Resources Limited, a company listed on the Australian Securities Exchange, has issued a news release containing forward-looking statements. These statements reflect the company’s current expectations but come with risks and uncertainties that could lead to different actual outcomes. The release highlights potential impacts on Iluka’s operations, including changes in exchange rates, labor costs, and regulatory policies, which could affect the company’s project timelines and production schedules.
Iluka Resources Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed. Key resolutions included the election and re-election of directors and the approval of short and long-term incentive plans for the Managing Director, indicating strong shareholder support for the company’s leadership and strategic direction.
Iluka Resources Limited held its 70th Annual General Meeting, highlighting significant transitions within the company, including the commissioning of a new mine at Balranald and the development of a rare earths business. Despite macroeconomic uncertainties, Iluka achieved a 42% margin across its product suite, funded its development pipeline without high gearing, and declared a dividend, showcasing its strategic resilience and commitment to sustainable value creation for shareholders.
Iluka Resources Limited has entered into a consortium with RareX Limited to apply for the Mrima Hill project in Kenya, which is rich in rare earths, niobium, phosphate, and manganese. The consortium aims to establish a Special Purpose Vehicle (SPV) to lead the project’s de-risking and development, with RareX focusing on socio-environmental and technical aspects. If successful, Iluka will hold a 25% stake in the SPV and secure offtake agreements for rare earths to supply its Eneabba refinery in Australia. The consortium’s proposal includes support from technical and financial partners, with an emphasis on skill transfer to local Kenyans, highlighting the project’s potential impact on both companies’ operations and the local economy.
Iluka Resources Limited reported a productive first quarter in 2025, with a total production of 131kt of zircon, rutile, and synthetic rutile. The company saw a significant increase in zircon sand sales, up 116% from the previous quarter. Construction at the Balranald project is progressing well, with commissioning expected in the second half of 2025. Additionally, the Eneabba rare earths refinery has reached a capital expenditure of $408 million, with major equipment packages awarded and ongoing concrete works. These developments indicate Iluka’s strategic focus on expanding its production capabilities and strengthening its market position in the mineral sands and rare earths sectors.
Iluka Resources Limited has announced the appointment of James Mactier as the new independent non-executive director and Chair, effective May 5, 2025. Mactier brings extensive experience from his tenure at Macquarie and other industry roles, which is expected to bolster Iluka’s strategic initiatives, particularly in navigating the evolving macroeconomic environment and advancing capital projects at Balranald and Eneabba. This leadership change is anticipated to strengthen Iluka’s position in the mineral sands and rare earths markets, potentially benefiting shareholders and stakeholders.
Iluka Resources Limited announced the issuance of unquoted equity securities under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s efforts to align employee interests with corporate goals, potentially impacting its operational efficiency and stakeholder engagement.
Iluka Resources Limited announced the cessation of certain securities, specifically ILUAA RIGHTS, with a total of 26,464 securities ceasing on two separate dates in March 2025. This announcement may impact the company’s capital structure and could have implications for its market positioning and stakeholders, as it reflects changes in the company’s issued capital.
Iluka Resources Limited has announced a change in the substantial holding of its voting shares, with State Street Corporation and its subsidiaries being the primary entities involved. This change reflects a shift in the voting power dynamics within the company, potentially impacting its governance and decision-making processes. The announcement highlights the involvement of various global financial institutions, indicating a significant level of interest and investment in Iluka Resources, which could influence its market positioning and stakeholder relations.
Iluka Resources Limited has announced a change in the interests of a substantial holder, reflecting adjustments in voting power and relevant interests among various entities, including State Street Global Advisors and State Street Bank and Trust Company. This change indicates a shift in the control of voting rights and securities management, potentially impacting the company’s governance and stakeholder relationships.
Iluka Resources Limited has announced the allocation price for shares issued through its Dividend Reinvestment Plan (DRP) for the 2024 Final Dividend at $4.1563. This price was calculated based on the average daily volume-weighted average price of Iluka shares over a specified period. A total of 72,718 shares were issued to DRP participants, representing 1.75% of shares on issue, with 10.63% of shareholders opting to participate. This move reflects Iluka’s ongoing commitment to shareholder value and provides an opportunity for investors to reinvest dividends into the company’s growth.
Iluka Resources Limited has announced the issuance of 72,718 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) as of March 28, 2025. This move is part of a dividend or distribution plan, potentially impacting the company’s financial structure and offering stakeholders an opportunity to engage with the company’s growth strategy.
Iluka Resources Limited has experienced a change in the interests of a substantial holder, Cooper Investors Pty Limited. The voting power of Cooper Investors has decreased from 7.6912% to 6.1671% due to the purchase of additional shares. This change in voting power may impact the company’s shareholder dynamics and influence within the organization.
Yarra Capital Management Limited and its associates have reduced their voting power in Iluka Resources Limited from 9.86% to 8.57%. This change reflects a disposal of shares amounting to 5,546,673 votes, which may impact the company’s shareholder composition and influence in decision-making processes.
Iluka Resources Limited announced the cessation of 180,692 securities due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments in response to unmet conditions.
Iluka Resources Limited announced the issuance and conversion of unquoted equity securities, totaling 321,772 ordinary fully paid shares. This move is part of the company’s ongoing capital management strategy, potentially impacting its market positioning by increasing its equity base and providing more liquidity for future operations.
Iluka Resources Limited announced a change in the director’s interest, specifically regarding Thomas O’Leary’s indirect holdings. The change involved the acquisition of 134,400 shares through the family trust, increasing the total indirect holdings to 1,353,769 shares. This adjustment reflects the vesting and automatic exercise of performance and restricted rights from various executive incentive plans, impacting the company’s governance and potentially influencing stakeholder perceptions.
Iluka Resources Limited has announced its 2025 Annual General Meeting (AGM) for shareholders, scheduled to take place on May 2, 2025, in Perth, Western Australia. The company encourages shareholders to submit questions in advance and to lodge proxy votes to ensure their participation, highlighting the importance of shareholder engagement in its corporate governance process.
Iluka Resources Limited has announced the issuance of 1,340,000 ordinary fully paid securities under an employee incentive scheme, which will be quoted on the ASX. This move is expected to enhance employee engagement and align interests with shareholders, potentially strengthening the company’s market position and operational strategy.
Iluka Resources Limited announced a change in the interest of its Managing Director, Thomas O’Leary, regarding his holdings in the company. O’Leary’s direct ownership of 1,219,369 shares was transferred to a family trust, Teakdale Investments Pty Ltd, where he remains a beneficiary. This strategic move suggests a shift in the director’s personal investment strategy while maintaining a substantial stake in the company. This transition is expected to have no immediate impact on the company’s overall operations or market position, but it does highlight the director’s continued confidence in Iluka’s prospects.
Iluka Resources Limited has released its 2024 Corporate Governance Statement and Appendix 4G in compliance with ASX listing rules. This announcement highlights the company’s commitment to transparency and adherence to governance standards set by the ASX Corporate Governance Council, potentially reinforcing stakeholder confidence in Iluka’s corporate practices.
Iluka Resources has announced the inaugural Mineral Resource estimate for the Goschen South deposit in Victoria, Australia. This deposit, with an estimated resource of 630 million tonnes grading at 3.7% heavy minerals, represents a significant potential source of zircon and rare earth minerals. The development of Goschen South is expected to contribute additional feedstock to Iluka’s rare earth refinery at Eneabba, enhancing its industry position and potentially impacting stakeholders through increased resource availability.
Iluka Resources Limited released its 2024 full-year results, highlighting the company’s performance amidst various industry challenges. The announcement, while containing forward-looking statements, primarily focuses on expressing the company’s current expectations and the risks involved in its operations, such as changes in regulation, product pricing assumptions, and environmental factors that could impact its projects and production timelines.
Iluka Resources Limited reported stable market conditions and sound margins in its 2024 full-year results, despite inflationary pressures in Australia. The company maintained operational discipline and progressed its diversification into rare earths, with major projects like Balranald and Eneabba on track for commissioning. The final dividend was declared at 4 cents per share, reflecting a full-year dividend of 8 cents. Iluka’s strategic initiatives, including the expansion of the Australian Government’s loan facility for the Eneabba refinery, are poised to enhance its industry positioning and deliver sustainable value.
Iluka Resources Limited has announced a dividend distribution of AUD 0.04 per share for the six-month period ending December 31, 2024. The payment reflects the company’s financial performance and commitment to returning value to shareholders, with the ex-date set for March 4, 2025, and payment on March 28, 2025.
Iluka Resources Limited has released its Annual Report for 2024, highlighting the company’s financial and operational performance as of December 31, 2024. The report underscores Iluka’s commitment to sustainable practices, as reflected in its sustainability reporting guided by the Global Reporting Initiative Framework. The company’s strategic focus remains on reducing its environmental impact while maintaining transparency in its operations and financial disclosures.
Iluka Resources Limited has experienced a change in the substantial holder’s interests as of February 7, 2025. The report details the voting power and relevant interests of entities such as State Street Global Advisors and various financial institutions, indicating shifts in the control and management of voting securities. These changes may impact the company’s governance and influence stakeholder decisions.