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IGO (IGO) investor relations material
IGO AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary19 Nov, 2025
Opening remarks and agenda
Meeting opened with acknowledgment of challenges in FY2025, including a net loss of AUD 955 million due to subdued nickel and lithium markets and strategic resets.
Quorum confirmed, meeting webcasted, and shareholders welcomed both in-person and online.
Financial performance review
Net loss of AUD 955 million reported, driven by impairments at Kwinana Refinery and exploration portfolio, and restructuring costs.
Greenbushes lithium operation maintained a 66% EBITDA margin and generated AUD 1.5 billion in operating cash flow despite market downturn.
Nova mine delivered value despite nearing end-of-life, with positive cash flow of AUD 49 million in a challenging nickel market.
Major impairments and asset write-downs, including at Kwinana and exploration assets, were recognized as necessary for future positioning.
Board and executive committee updates
Board renewal process initiated, reducing board size, recruiting new independent directors, and transitioning chair role to Dr. Vanessa Guthrie in January 2026.
Three directors retired; new Chair-elect announced, with further board changes expected.
CEO Ivan Vella completed first full year, leading strategic changes and leadership team renewal.
CFO Kathleen Bozanic to depart in early 2026, with recruitment for successor underway.
Kwinana's pathway with Tianqi
Greenbushes life of mine optimization details
What's the plan for microbial leaching tech?
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Frequently asked questions
IGO Limited is an Australian mining and exploration company engaged in the production of base and precious metals. The company’s operations focus on the exploration, extraction, and processing of nickel, copper, cobalt, and lithium, which are critical for energy storage and renewable energy technologies. IGO Limited serves industries involved in electric vehicles, energy storage, and sustainable infrastructure development. The company is headquartered in Perth, Australia, and its shares are listed on the ASX.
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